Insurance Fraud
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.
Claims commitment: Empowering insurers on the innovation journey
The insurance industry has experienced tremendous change in the past few years.
Make your suspected fraud referrals stand out to law enforcement
How can you ensure your suspected fraud referral will grab the attention of law enforcement?
Is your organization vulnerable to emerging provider fraud trends?
The concept of new and emerging provider fraud trends doesn’t only apply to recent medical providers showing up on your radar.
Low-exposure medical provider fraud may be costing you millions
Low-exposure medical provider fraud may be costing you millions
Personal auto research: Application integrity down, fraud up
Application integrity for personal auto insurance has deteriorated more than 20 percent over the past eight years, according to Verisk research.
Three ways motor insurers can squeeze more value from vehicle data
The use of external data can help insurers identify potential fraud, but also shorten the customer journey by validating information more efficiently.
The future of claims: Delivering at the moment of truth
The future of claims is about elevating the customer experience, and insurers that aggressively pursue digital enablement today will be primed to excel tomorrow.
From real-time fraud detection to remote claim assessments – how lockdown has changed priorities for insurers and policyholders alike
Digital technology has become critical to provide core claims services during lockdown. Verisk is at the forefront in this field with a full range of claims solutions.
5 claims lessons from the COVID-19 pandemic
Today, we can examine insurance trends that are likely to continue post-COVID-19. Here are some key takeaways for insurers as a new chapter unfolds across the industry.
Artificial intelligence in claims fraud: How AI is automating suspicious behavior detection
Insurers are turning to AI to detect claims fraud automatically – but to get the most from their analytics, they need to understand an anti-fraud system.
Insurance fraud detection in action: Identifying suspicious medical billing during the COVID-19 crisis
Taking a closer look at medical billing helps identify pandemic-related issues that can put patients at risk and negatively impact insurers’ bottom lines.
The critical role fraud scenarios play in advanced analytics
Neural networks, machine learning, multivariate random forest models, and various derivatives of the same are being used to create modern fraud detection models.
Estimating claims remotely? Uncover potential fraud in digital loss images
Claims adjusters are now working at home, relying on customer-submitted images and videos to inspect and appraise damages for the foreseeable future.
COVID-19 – ISO Claims Partners keeping you updated
As the industry (and nation) continue to deal with the challenges of the current health crisis,we want to provide you with some resources which you may find helpful.