Stop claims fraud without impacting legitimate policyholders
According to the Insurance Information Institute, the estimated cost of property and casualty insurance claims fraud is $32 billion in the US alone. And these losses are only growing.
Deter, prevent and intercept multiple types of insurance fraud with IBM Financial Crimes Insight for Claims Fraud, enabling you to improve detection processes and decision making, expanding the observation space within the institution, speed investigations and enabling faster claims resolution for customers.
Watch the video to learn more about claims fraud detection.
Expedite claims fraud detection
Avoid payment costs and reduce pay and chase situations arising from insurance claims fraud. Uncover staged accidents, ghost claims, exaggerated injuries, crash for cash and swoop-and-squat scenarios.
Increase fraud detection accuracy
Improve decision-making accuracy and cut false positive alerts. Ingest large volumes of data through various analytic lenses. Route suspicious schemes to the SIU and speed low-risk claim resolution.
Give your claims fraud investigators the data and analytics they need. Evaluate risk in the context of everything you know.