Insurance Fraud Investigators Group

What Insurance Fraud Investigators Group does

IFIG (Insurance Fraud Investigators Group) is a UK not-for-profit, volunteer-run Specified Anti-Fraud Organisation (SAFO) founded in 1999 and incorporated in 2017 as a company limited by guarantee (company number 10870300). It serves counter-fraud professionals across the UK insurance industry — insurers, investigators, loss adjusters, lawyers, and law enforcement agencies — through a community-led membership model in which new members must be sponsored by an existing member or board member. As of 2025 it counts over 320 member organisations, including major carriers such as Allianz, AXA, Bupa, Cigna, Vitality, Direct Line, and Simplyhealth.

Its core offering is the IFIG Intelligence Platform, a Verisk-developed, GDPR- and National Intelligence Model-compliant system for secure fraud-intelligence sharing, complemented by the E-Alert System for real-time dissemination, an online discussion forum, and recurring networking events (AGMs, webinars, regional meetings). HICFG (Health Insurance Counter Fraud Group) operates as a sub-brand under the IFIG umbrella, focused on health, travel, and international medical insurance fraud. Revenue is generated solely through membership fees from member organisations; pricing is not publicly disclosed. The organisation markets primarily through LinkedIn, industry events, professional referrals, and partnerships with bodies such as the Insurance Fraud Bureau (IFB), CIFAS, ABI, IFED, and (from August 2025) the International Association of Special Investigation Units (IASIU), of which IFIG is the UK Chapter.

Name

Insurance Fraud Investigators Group

Legal name

Insurance Fraud Investigators Group

Website

https://ifig.org

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

IFIG is a UK not-for-profit Specified Anti-Fraud Organisation that runs a Verisk-built intelligence-sharing platform for 320+ counter-fraud professional member organisations, including insurers, investigators, loss adjusters, lawyers, and law enforcement agencies.

Ownership category

akta.pro rank

Product category

Insurance Fraud Investigation Services

NAICS

Other Insurance Related Activities (52429)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399)

akta.pro primary industry

Fraud Investigations & Claims Support (Insurance/Financial) (BPAKAEAD)

akta.pro secondary industries

Fraud Risk & Financial Crime Controls Advisory (BPAKADAL), Fraud Risk Management & Anti-Bribery/Anti-Corruption (ABAC) (BPAHAFAL)

Keywords

• Insurance fraud investigation
• Fraud intelligence sharing
• Anti-fraud collaboration
• Claims fraud prevention
• Counter-fraud networking

Headquarters

HQ city

Warwick

HQ country

United Kingdom

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Membership Fees: IFIG generates revenue through membership fees from organizations in the insurance industry including insurers, investigators, loss adjusters, lawyers, and law enforcement. The organization is described as not-for-profit with volunteer-run operations.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Insurance Fraud Investigators Group (IFIG) is a UK-based, not-for-profit, member-based organisation that brings together insurance fraud investigators and counter-fraud professionals to share intelligence, collaborate on active cases, and develop best practices for combating insurance fraud. It operates as a Specified Anti-Fraud Organisation (SAFO) under the Serious Crime Act 2007, providing members with an intelligence sharing platform, E-Alert system, discussion forum, and networking events, including a dedicated health insurance fraud sub-brand (HICFG).

Product overview

IFIG (Insurance Fraud Investigators Group) is a not-for-profit Specified Anti-Fraud Organisation (SAFO) that operates a unified platform for intelligence sharing and collaboration among counter-fraud professionals. The core offering consists of the IFIG Intelligence Platform (developed with Verisk), the IFIG E-Alert System for real-time intelligence sharing, an online Discussion Forum, and regular networking events with training. The organization also encompasses HICFG (Health Insurance Counter Fraud Group) as a specialized sub-brand focused on health and travel insurance fraud, which uses the same E-Alert infrastructure. With over 320 member organizations spanning insurers, investigators, loss adjusters, lawyers, and law enforcement, IFIG provides a comprehensive ecosystem for fraud prevention across the UK insurance industry.

Differentiator

Problem solved

Functional benefit

Products and services

• E-Alert System
• Intelligence Sharing Platform
• Discussion Forum
• Networking Events
• Hospitality Industry Claims Fraud Group (HICFG)

Quantifiable outcome

• Detected fraud costs insurance industry over £1 billion annually, with undetected fraud adding £2 billion more
• +1 more outcomes

Named customers17 records

Segments4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Eight partnerships are on record, tiered core and moderate.

• International Association of Special Investigation Units (IASIU)coreStrategic or Co-development Partner · 28 August 2025IFIG was officially recognised as the UK Chapter of IASIU in August 2025, marking an important step forward in strengthening international collaboration, knowledge-sharing, and professional development. Members benefit from closer ties to a global community of fraud investigators, access to IASIU training, resources, events, and greater opportunities for professional recognition.
• VeriskcoreTechnology or IntegrationVerisk developed and supports IFIG's intelligence platform, a secure data system enabling members to share fraud intelligence in compliance with GDPR and the National Intelligence Model. The platform is central to IFIG's data-sharing capabilities.
• Insurance Fraud Bureau (IFB)coreStrategic or Co-development PartnerIFIG works closely with the Insurance Fraud Bureau to ensure information provided by the public through the IFB CheatLine is acted upon promptly and effectively. IFB provides fraud reporting channels while IFIG provides industry intelligence sharing infrastructure.
• City of London Police - Insurance Fraud Enforcement Department (IFED)coreStrategic or Co-development PartnerIFIG collaborates with IFED, an industry-funded unit investigating insurance fraud throughout England and Wales. Board member Marcus Allen served 30 years with City of London Police including with IFED team.
• Health Insurance Counter Fraud Group (HICFG)coreStrategic or Co-development PartnerHICFG merged under the IFIG umbrella in 2022 to share knowledge, expertise, and resources. HICFG members include major health insurers: Allianz, AXA Travel Insurance, Bupa, Cigna, Simplyhealth, Vitality, WPA, Paycare, Sovereign Health Care, medicash, Health Shield, William Russell, expacare, expatriate.
• ABI (Association of British Insurers)moderateStrategic or Co-development PartnerIFIG maintains close associations with the ABI. Originally affiliated to the ABI Crime and Anti-Fraud Bureau in 1999 before developing an independent identity in 2001.
• CIFASmoderateStrategic or Co-development PartnerIFIG collaborates with CIFAS, the UK's leading fraud prevention service. Board member Mike Brown was a Management Board Member of the CIFAS Intelligence Advisory Board.
• Regulatory Bodies (SRA, FSA, PRA, ICO, SIA, Ministry of Justice)moderateStrategic or Co-development PartnerIFIG has developed close associations with regulatory bodies including the Solicitors Regulation Authority (SRA), Financial Services Authority (FSA), Professional Regulatory Authority (PRA), Information Commissioner's Office (ICO), Security Industry Authority (SIA), and Ministry of Justice Claims Management Regulator. Many benefit from honorary IFIG membership.

Scale indicators5 records

Recent moves9 records

Expansion highlights5 records

Emerging players

• Shift Technology: AI-native fraud detection and claims automation vendor widely adopted by insurers globally. Comparable as a competing approach to insurance fraud detection, offering automated, real-time alternatives to manual intelligence networks like IFIG.
• FRISS: Insurer-focused fraud detection and risk scoring platform with strong adoption in property and casualty insurance. Comparable as a technology-first counter-fraud solution competing for the same insurance counter-fraud budget as IFIG membership.
• Detected (X-Ray Vision / Claimatic): Fraud detection and risk decisioning platform serving insurers and financial institutions. Comparable as an emerging technology-led counter-fraud vendor competing for the same insurer fraud-prevention spend that funds IFIG.

Direct peers

• CIFAS: The UK's leading fraud prevention community, operating a cross-sector data-sharing database for fraud, financial crime, and identity-related risks. Highly comparable to IFIG as a UK-based membership organization aggregating intelligence across financial services and law enforcement.
• Insurance Fraud Bureau (IFB): UK industry-funded body that detects and disrupts organised insurance fraud and runs the public-facing Cheatline. Directly comparable as a UK insurance counter-fraud coordination body and an active IFIG partner.

Broad incumbents

• LexisNexis Risk Solutions: Large-scale data and analytics provider offering fraud detection, identity verification, and claims analytics to insurers. Comparable as a broad incumbent in insurance fraud analytics with overlapping capability to IFIG's intelligence-sharing proposition.
• International Association of Special Investigation Units (IASIU): The international trade association of insurance fraud investigators, of which IFIG is now the UK Chapter. Comparable as the global umbrella body for insurance special investigation units, with overlapping mission and membership.

Others

• Verisk: Major data analytics provider to the insurance industry and developer of IFIG's intelligence platform. Comparable as the underlying technology partner and broader counter-fraud analytics provider to insurers, with overlap in fraud-detection capability.
• Insurance Fraud Enforcement Department (IFED): Industry-funded unit within the City of London Police that investigates insurance fraud across England and Wales. Comparable as a law enforcement counterpart and active IFIG partner with overlapping counter-fraud mission.

Regional players

• National Insurance Crime Bureau (NICB): US-based not-for-profit organisation dedicated to combating insurance fraud and vehicle theft through intelligence sharing among insurers and law enforcement. Highly comparable in mission, structure, and intelligence-sharing model to IFIG, but operating in the US market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/insurance-fraud-investigators-group-ifig-
• Xx.com/ifig1

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Insurance Fraud Investigators Group