Unmasking Fraud: Verisk Releases Fraud Discovery, connecting intelligence, analytics and investigations in one powerful fraud platform

Verisk launched Fraud Discovery, a modular fraud prevention platform that unifies fraud intelligence, advanced analytics, network analysis, digital media forensics and case management into a single solution for insurers. The launch targets rapidly evolving fraud: UK insurers detected £1.16bn in fraudulent claims across 98,400 cases in 2024, and industry estimates suggest a similar amount may go undetected. Hiscox, Allianz and law firm Weightmans are adopting the platform at launch, with Hiscox Global Head of Fraud James Burge citing greater visibility into potential fraud networks across underwriting, claims and investigations.

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