“Point of claim” revolution will push fraud analytics upstream Looking ahead to the state of claims in 2016, one of the most significant trends in claims processing will be a new emphasis on information, analytics, and decision making at the “point of claim.” The workflow of the first notice of loss (FNOL) has traditionally started […]
Posts by Thomas Mulvey
In developed markets, it’s no secret that insurance fraud is an enormous problem. In the United States alone, according to data from the Aite Group, property/casualty insurance fraud costs the industry as much as $64 billion a year. In the United Kingdom, according to the Association of British Insurers, insurance fraud amounts to more than […]
I’m looking forward to the 2014 Verisk Insurance Solutions Client Summit and sharing my presentation, Combating Fraud with Point-of-Sale Analytics. Bob Hartwig, president of I.I.I., will deliver the keynote. I think we’ll all get a lot out of his insights on the economy and its effects on our industry. We have a number of networking […]
Organized insurance fraud is becoming increasingly complex in both emerging and maturing markets. In the United States, the current impact of fraud upon the property/casualty insurance fraud is estimated to be as high as $64 billion, according to the most recent figures from the Aite Group. 1. Make your data productive: In many markets, the […]
Organized fraud consists of large-scale, lucrative ventures operated much like legitimate business. In our latest white paper, read how fraudsters develop and manage such operations and make them profitable. You’ll also find out what you can do sooner rather than later to prevent the success of such schemes.
The Insurance Fraud Management (IFM) Conference, Verisk’s annual industry gathering of insurance fraud management professionals, will take place on Amelia Island, Florida, March 9 to 12, 2014. Each year, key decision makers in insurance fraud management attend our conference. Sessions offer a comprehensive range of information to help fraud professionals develop, implement, and manage insurance […]