Anti-Fraud

1/13/2022 - 4 min read

Clever criminals and the evolving ISO Crime and Fidelity program

Learn about updates to the ISO Crime and Fidelity Insurance Program for 2022.

12/13/2021 - 3 min read

Uncovering digital media fraud with advanced forensics

Straight-through processing is considered the holy grail of digital claims—where insurers can intake, process, and pay claims automatically

11/10/2021 - 4 min read

Why embracing ethical AI is critical for insurers

As insurers’ interest in artificial intelligence (AI) grows, we must not only embrace its immense capabilities but also work to mitigate its potential risks.

5/12/2021 - 1 min read

Insurers protected from fraud, waste, and abuse in P-Stim procedures

Medical provider fraud, waste, and abuse— which have largely eluded most insurers—is an insidious, often unseen, problem that can damage insurers’ margins.

4/14/2021 - 3 min read

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.

1/18/2021 - 6 min read

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.

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12/8/2020 - 3 min read

What do you know about the claimant? Simple ways to find third-party details

Adjusters can quickly find claimant details from policy information and verify the parties involved in an accident are who they say they are in Decision Net.

9/10/2020 - 4 min read

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.

9/3/2020 - 5 min read

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.

8/17/2020 - 4 min read

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.

7/15/2020 - 5 min read

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.

6/9/2020 - 3 min read

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.

5/14/2020 - 4 min read

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.

5/1/2020 - 3 min read

Medical-related fraud and theft increase during COVID-19 crisis

Unfortunately, crisis is fertile ground for fraud, whether it be the opportunistic kind or organized criminal activity.

4/15/2020 - 4 min read

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.