Anti-Fraud Claims Solutions
Get equipped to fight claims fraud
10 percent of claims are fraudulent. Ready to stop the leakage?
Robust data fuels powerful fraud analytics
Unmatched industry data and leading analytics are the core of Verisk’s comprehensive suite of anti-fraud solutions. It’s why we’re uniquely equipped to empower SIU to fight claims fraud with greater speed, precision, and efficiency.
Discover the fraud detection solution Celent calls “Luminaries”
Discover the fraud detection solution Celent calls “Luminaries”
Celent’s Insurance Fraud Detection Solutions: Property and Casualty Insurance report connects insurers with innovative tools that excel in advanced technology and breadth of functionality. See why Verisk is a 2022 Celent “Luminary” in the property/casualty market.
Uncover medical provider fraud early
Uncover medical provider fraud early
Medical billing data is complex. That’s why it’s the perfect place for unscrupulous providers to hide fraud, waste, and abuse. Our provider fraud solution uses predictive analytics and expert clinical analysis to identify fraud in your medical billing data.
- Get weekly risk scores for over 1.5 million medical providers
- Improve investigations with detailed reason codes
- Lower allocated loss adjustment expenses (ALAE)
Enhance your analytics with AI powered models
Want better results from your fraud analytics? Boost your organization’s models with out of-the-box, predictive mini-models developed from the industry’s most comprehensive loss history database.
- Realize a 3X ROI lift
- Implement mini-models in less than a day
Detect claims fraud with the power of predictive analytics
Automated fraud analysis at FNOL not only identifies questionable claims early—it also helps expedite legitimate losses. Leveraging machine learning predictive models and 1.6 billion claim records, ClaimDirector accurately scores all incoming claims and provides reason codes to enhance investigations.
- Improve triage and get actionable insights for investigators.
- Operationalize the solution in less than a week with no IT lift.
- Leverage third-party data sets and criminal and civil records.
Get the latest anti-fraud insights
Uncover the Undetected Fraud in Your Claim
Annually, insurance fraud steals roughly $308.6B from American consumers. Self-insureds could be vulnerable to insurance fraud and undetected leakage.
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How Verisk actuaries found a use for a decades-old data distribution
The Zipf-Mandelbrot Law has rarely been used in insurance—until now.
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Are we headed back to the future?
Recent reports of inflated vehicle market values, exorbitant loan-to-value ratios
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Claims commitment: Empowering insurers on the innovation journey
The insurance industry has experienced tremendous change in the past few years.
Read the articleDiscover organized fraud activity in your claims
Discover organized fraud activity in your claims
Sometimes a simple claim can be part of a larger fraud scheme. Our network analysis software helps you uncover hidden connections among claimants, providers, and businesses by analyzing 1.5 billion claims, plus vetted third-party data.
- Identify intricate patterns of organized fraud in your claims
- Save SIU analysts time with automated data link analysis
- Get customized weekly reports of suspicious networks