Verisk Unveils New ClaimSearch Tools to Detect Digital Commerce and Locate Assets in Insurance Investigations

August 21, 2025 / 4 min read

New capabilities help insurers detect fraudulent claims activity and streamline recovery of previously paid losses

JERSEY CITY, N.J., August 21, 2025 – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced a strategic alliance with Legentic, a fraud and financial crime detection and prevention company, to launch two advanced fraud detection and asset location tools into its ClaimSearch^®platform. Now available for the first time in the U.S., Digital Commerce Detector can help insurers automate the identification of suspicious activity on online marketplaces tied to stolen or total loss assets. Additionally, Digital Asset Finder helps streamline insurers’ location and recovery efforts of legitimately stolen vehicles and property post claim-payout.

With insurance fraud in the U.S. now costing consumers $308.6 billion annually, according to the Coalition Against Insurance Fraud, and as property and casualty (P/C) theft schemes evolve, insurers face mounting pressure to detect fraud activity earlier and recover assets more efficiently. Traditional manual investigation and asset location methods are often too slow, resource-intensive and costly, placing a heavy burden on IT, claims and investigative teams.

ClaimSearch, the world’s leading claims intelligence network and fraud detection platform, now offers access to Digital Commerce Detector and Digital Asset Finder, enabling insurers to:

Detect fraud early by identifying vehicles and high-value property that are reported stolen but found listed for sale online prior to and throughout the claim — a strong indicator of staged theft or misrepresentation, via Digital Commerce Detector.
Recover legitimately stolen assets after claims have been paid, helping carriers recoup losses and support subrogation efforts through Digital Asset Finder.
Automate investigative workflows and strengthen recovery efforts by continuously monitoring digital marketplaces and open-source platforms prior to, throughout and after the claim lifecycle, with no IT configuration required.
Improve claim outcomes and reduce financial impact by eliminating time-consuming manual processes, boosting efficiency and supporting better loss ratios.

“Insurance fraud and theft continue to grow in sophistication, and we’re committed to equipping the industry with cutting-edge tools to help minimize financial exposure and operational strain,” said Jeff Ryan, chief product officer, Anti-Fraud Analytics at Verisk. “Through seamless integration with ClaimSearch, this launch delivers automated access to previously hard-to-find, critical data points. These insights help empower insurers to identify fraud earlier, recover assets faster and drive more efficient claim outcomes.”

Already in use by several major insurers across Europe, Legentic’s technology will now scale across the U.S. for the first time via ClaimSearch.

Ron Vermeulen, CEO of Legentic, added: "We are thrilled to partner with Verisk, especially given the surge in complex insurance fraud and theft cases we’ve seen in the U.S. Our proven success in Europe has demonstrated the power of advanced analytics in combating these challenges. This collaboration marks a significant step forward in expanding our automation capabilities to help U.S. insurers manage risk, enhance operational efficiency and protect policyholders."

For more information on Digital Commerce Detector and Digital Asset Finder, please visit Verisk’s Anti-Fraud Analytics solutions hub.

About Verisk Anti-Fraud Claims Solutions
Verisk Anti-Fraud Claims Solutions specializes in fraud detection within claims processes for the global insurance industry. Verisk’s robust industry data and automated technology solutions help clients detect fraud and facilitate fast claim resolutions for insurers, (re)insurers and other stakeholders. Verisk’s anti-fraud solutions integrate data from ClaimSearch, the world’s leading claims intelligence network and fraud detection platform.

About Verisk
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, sustainability and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com and the Verisk Newsroom.

About Legentic
Legentic is a digital intelligence company providing investigators, insurers, banks, and law enforcement with cutting-edge technology to detect fraud, track assets, and uncover financial crime. With a global footprint and data-driven platform, Legentic empowers teams to make smarter, faster decisions in high-stakes environments.

Media contact

Morgan Hurley
Verisk
551-655-7858
morgan.hurley@verisk.com