Insurance Fraud Bureau
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New appointments to drive forward implementation of IFB strategy

05 January 2015

Following the announcement of its new strategic direction to manage organised fraud across all product types and to build an intelligence-sharing infrastructure for the industry, the Insurance Fraud Bureau (IFB) has made two key appointments.

Steven Drake and Barry Walton have been appointed as Project Manager and Business Analyst respectively. The two roles are instrumental in the IFB’s ability to implement the next stage of its five-year strategy, 2015 to 2020 (2020 Vision, Evolving The Insurance Industry’s Fight Against Fraud).

A project team, dedicated to scoping the requirements essential to the expansion of the IFB’s remit, has been created by the IFB and formally convened on 1 January 2015. It consists of three component parts - a Project Board with overall responsibility for the governance and delivery of the strategic work programme accompanied by two dedicated work streams. The first work stream will focus on IFB’s expansion to manage organised, cross-industry fraud risks across all products. The second will concentrate on creating the required infrastructure to share intelligence in a compliant and efficient manner.

Each of the work streams will be led by an independent insurer Chair with three former members of the Technical Board assuming these new roles. Mihir Pandya, Allianz, is to chair the IFB Strategy Project Board. Scott Clayton, Zurich, will chair the work looking into other product lines and John Beadle, RSA, will chair the intelligence work stream.

The day-to-day work will be led by Steven as Project Manager and each work stream will have a dedicated Business Analyst. Barry has been appointed to one of these analyst roles. Collectively they will report to the insurer Chairs.

Combined, Steven and Barry have over 50 years’ worth of project, business analyst and IT experience which includes 20 years working specifically across the insurance and financial sectors.

Ben Fletcher, Director of the IFB, said: “The implementation of the IFB strategy has taken a significant step forward as a result of these two appointments. The knowledge and experience that Steven and Barry will bring to the IFB will ensure that the work required to drive forward our new strategic direction maintains momentum.”