Hiscox Ltd

Verisk has announced the launch of Verisk Fraud Discovery, a modular fraud prevention platform that unifies fraud intelligence, advanced analytics, network analysis, digital media forensics, and case management into a single scalable solution. The platform is designed to help insurers detect, investigate, and disrupt fraud, addressing the growing sophistication of fraud networks and economic pressures driving opportunistic fraud. In 2024, UK insurers detected £1.16bn in fraudulent claims across 98,400 cases, with industry estimates suggesting a similar amount may go undetected. Early adopters include Hiscox, Allianz, and law firm Weightmans, reflecting demand for more connected approaches to fraud investigation and case management.