Fighting insurance fraud in the UK

In the face of an aggravation of fraudulent acts, the Insurance Fraud Bureau (IFB), a non-profit organization, signed a partnership agreement with the French start-up Shift Technology.

The collaboration focuses on the implementation of an insurance fraud prevention and detection system.

The new solution, based on artificial intelligence, will come into effect in 2022. According to the IFB's estimates, insurance fraud is believed to cost the British market 3 billion GBP (4.1 billion USD) per year.