If these thirty statistics don't concern you we are not sure what will. To calm you down we have a solution already deployed by household name insurers that significantly increases early fraud detection plus lots more.
360Retrieve empowers insurance professionals to significantly improve counter-fraud outcomes, reduce large-loss under-reserving, improve risk management and underwriting and deal with unexpected surges in claims such as business interruption and event cancellation.
Our insurance-focused analytics and decisioning platform applies pre-defined accelerators to automate the ingestion and analysis of internal and external data sources and, unlike most alternative solutions, leverages 100% of the enterprise’s data, especially the 80% of generally inaccessible unstructured data.
Find out more from
Europe: Mike.Daly@ 360Globalnet.com on +44 7431 971132
USA/Canada Thomas.Duffy@360Globalnet.com on +1 913-275-0420
raudulent claims total at least $80 billion per year in the United States.Property-casualty fraud steals more than $30 billion each year.Insurers pay out up to 10% of their claims cost on fraudulent claims annually.At least 1 in 10 small business owners worry that their employees will fake work-related injuries.According to the FBI, over $40 billion a year is lost through fraud across all non-health insurance.All of this happens even though 95% of insurance companies use anti-fraud technology.