Mitek and Synectics Partner to Combat UK Insurance Fraud with…

Event summary

Mitek Systems and Synectics Solutions have partnered to help UK insurers detect fraud earlier in digital insurance applications while improving access to coverage for genuine customers.
The collaboration combines Mitek’s identity verification and anti-spoofing technology with Synectics’ fraud orchestration platform and National SIRA, a cross-sector risk intelligence consortium.
The partnership aims to address rising fraud losses in the UK insurance sector, which detects over £1 billion in fraudulent claims annually according to the ABI.
The integration enables insurers to verify applicant identities with greater confidence and identify potential fraud risks earlier in the onboarding process.

The big picture

The partnership between Mitek and Synectics comes as UK insurers face increasing pressure to tackle rising fraud losses while ensuring fair treatment of customers under the UK Financial Conduct Authority’s Consumer Duty. Insurance fraud remains a major challenge, with digital channels increasingly targeted by criminals using synthetic identities and AI-generated identity documents. The collaboration aims to provide insurers with a more comprehensive view of applicant risk, enabling them to approve legitimate customers more confidently while detecting fraudulent applications earlier.

What we're watching

Fraud Detection Efficiency: How the integration of Mitek’s identity verification with Synectics’ fraud intelligence network will impact the speed and accuracy of fraud detection in UK insurance applications.
Regulatory Compliance: Whether the partnership can help insurers meet the UK Financial Conduct Authority’s Consumer Duty requirements while tackling rising fraud losses.
Market Adoption: The pace at which UK insurers will adopt this combined solution to address both fraud prevention and fair access to insurance for legitimate customers.

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