Verisk Launches Verisk Fraud Discovery Platform

LONDON, Sept. 08, 2026 /CourierPR/ -- Verisk, a leading provider of strategic data analytics and technology to the global insurance industry, has launched a new fraud prevention platform called Verisk Fraud Discovery. The platform aims to address the growing complexity of insurance fraud, particularly in the UK, where £1.16 billion in fraudulent claims were detected in 2024 across 98,400 cases, with an estimated similar amount going undetected.

According to James Burge, Global Head of Fraud at Hiscox, the insurance industry is facing increasingly complex fraud risks that often span multiple parties, claims, and points in the insurance journey. "As fraud becomes more organised and interconnected, insurers need better ways to connect intelligence across underwriting, claims, and investigations," said Burge. "Verisk's approach helps create greater visibility into potential fraud networks and further strengthens our evolving fraud prevention capabilities."

Verisk Fraud Discovery unites fraud intelligence, advanced analytics, network analysis, digital media forensics, and case management into a single, scalable solution. The platform helps organizations uncover hidden relationships across people, organizations, policies, and claims, detect opportunistic, organised, and coordinated fraud activity, and analyse images and documents for signs of manipulation, alteration, and deepfakes. It also enables the prioritisation of investigations and resources using risk insights and intelligence-led decisioning, streamlining investigations and case management through a single workflow.

The platform is designed as a modular solution, allowing organizations to adopt capabilities based on their fraud maturity and operational requirements, from early-stage fraud detection to advanced investigative workflows. This flexibility enables insurers to strengthen fraud prevention efforts while creating a foundation for more connected investigative operations over time.

Leading insurers and legal partners, including Hiscox, Allianz, and law firm Weightmans, are among the early adopters of Verisk Fraud Discovery. Mike Brown, head of fraud at Weightmans, said, "Fraud continues to undermine both the UK and global economy. Our collaboration with Verisk represents a major step forward in equipping us and our clients with advanced technology to better identify and respond to fraud."

For decades, Verisk has helped insurers combat fraud through trusted industry data, advanced analytics, and investigation technologies. The company’s anti-fraud solutions help organizations identify suspicious activity, uncover connections between people, claims, and businesses, and focus investigative resources where they can have the greatest impact. Verisk supports fraud detection and investigations across the insurance ecosystem and continues to develop connected intelligence solutions to help insurers respond to increasingly complex and organised fraud activity.