IFB Exploration Launches, Marking a Step Change in the Insurance Industry’s Fight Against Fraud

November 01, 2022

The Insurance Fraud Bureau (IFB) and Shift Technology today announce that IFB Exploration – an AI counter-fraud solution designed for UK insurers – has gone live. IFB Exploration will utilise artificial intelligence to enable the collective insurance industry to detect suspicious activity and organised fraud as it emerges. IFB Exploration provides advanced network detection capabilities across motor, property and liability lines of business. Ursula Jallow, Director at the Insurance Fraud Bureau (IFB), said:“In recent years the nature of insurance fraud has become increasingly complex and data driven. “I’d like to thank the General Insurance Fraud Committee (GIFC) and our insurer members for their time and dedication in helping us to build IFB Exploration.

The source of this news is from Shift Technology