LONDON, 30 March 2021 – Sedgwick, a leading global provider of technology-enabled risk, benefits and integrated business solutions, has announced it will become an affiliate member of the Insurance Fraud Bureau (IFB) from 1 April 2021. It has also appointed Gordon Young as head of fraud data and insight to strengthen its counter-fraud strategy and help the industry’s fight against fraud.
This move builds on Sedgwick’s existing counter-fraud strategy, having invested in leading artificial intelligence (AI) technology and introduced a new leadership team in January to enhance its solutions. Sedgwick’s affiliation with the IFB also sees the creation of a cross class intelligence function, adoption of machine learning and voice risk analysis software alongside further senior hires to provide clients with unrivalled counter fraud support, trend analysis and insight.
“We believe in the power of the collective when it comes to tackling fraud and protecting our clients’ genuine customers from the cost of fraud,” said Ian Carman, director of investigation services at Sedgwick.
Our affiliation with the IFB significantly enhances our counter-fraud proposition which is centred around early detection and intervention through the application of market-leading digital tools matched with best-in-class counter fraud expertise.”
Ben Fletcher, director at the IFB, said “I’m pleased to welcome Sedgwick to the IFB and I applaud them for continuing to evolve their counter-fraud strategy through these challenging times. The economic impact of COVID-19 will be a significant challenge for insurers and counter-fraud specialists, so it’s never been more important for the industry to collaborate and innovate as one. By partnering with Sedgwick, we can share best practice and real-time intelligence to better enhance the industry’s fight against fraud.”
Additionally, Gordon Young has been appointed as head of fraud data and insight. His role will focus on ensuring that Sedgwick’s clients are provided with trend analysis, meaningful insight and will provide a suite of data solutions that allow clients to take action on a month-by-month basis to fine tune their approach to counter fraud.
Young has over 25 years of experience in fraud intelligence, investigation and prevention. Prior to joining Sedgwick, he was the head of counter fraud insight at a multinational general insurance company.
“We are excited and looking forward to have Gordon joining us at such a pivotal time. His deep expertise in counter fraud insights will bring incredible value to our fraud services,” added Carman.
About Sedgwick Sedgwick is a leading global provider of technology-enabled risk, benefits and integrated business solutions. The company provides a broad range of resources tailored to our clients’ specific needs in casualty, property, marine, benefits, brand protection and other lines. At Sedgwick, caring counts®; through the dedication and expertise of more than 27,000 colleagues across 65 countries, the company takes care of people and organizations by mitigating and reducing risks and losses, promoting health and productivity, protecting brand reputations, and containing costs that can impact the bottom line. Sedgwick’s majority shareholder is The Carlyle Group; Stone Point Capital LLC, Caisse de dépôt et placement du Québec (CDPQ), Onex and other management investors are minority shareholders. For more, see www.sedgwick.com.