COLLABORATING IN THE FIGHT
AGAINST INSURANCE FRAUD.
COLLECT. ANALYZE. SHARE.
Who is the iFraud Foundation
"The iFraud Foundation was born out of a groundbreaking collaboration between employers from both the private and municipal sectors. Recognizing the growing threat posed by increasingly sophisticated bad actors targeting the insurance industry, these stakeholders came together to create a unified front along with the Long Island Claims Association and Lawsuit Reform Alliance of NY to create a new 501(c)3 focused on goal.
The Foundation’s mission is clear: to develop innovative strategies, foster partnerships, and leverage collective expertise to combat fraud at every level. By pooling resources and knowledge, the iFraud Foundation empowers stakeholders to identify potential fraud, stay ahead of emerging threats, and collaboratively combat fraud and advocate for legislative change to make an impact on this ever increasing Fraudemic.
Estimated Fraudemic Cost
$400 Billion
NY Construction Premiums
3x Higher
Staged Accidents
$2 Billion
Creating A United Front
Unprecedented industry collaboration
-Actionable defense plans
-State and Legislative Efforts
-Joint Legal Actions
Personal Goalie Training
A Proactive Tool In The Fight
Security & Compliance
iFraud Defense Database is the industry's first "proactive" tool to identify and assist in combating fraud amongst stakeholders.
Superior data security and compliance ensuring the privacy and protection of all subscriber data.
United and Actionable Defense
The iFraud Foundation presents the opportunity for an unprecedented collaborative effort across the insurance industry to combat insurance fraud like never before. Creating proactive tools and providing meaningful data analytics focused on a collective commitment to protecting stakeholders.
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This initiative will strengthen defenses against evolving fraud schemes leveraging shared intelligence and a collective resource to stay ahead of bad actors.
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Collaboration born out of participation with the Foundation not only strengthens individual organizations but also fosters trust and transparency across the entire sector.
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Together, we can enhance fraud detection capabilities, reduce losses, and protect stakeholders, ensuring a more secure and resilient insurance ecosystem for all.
