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Carriers Enhancing Fraud Analytics Capabilities, Novarica Profiles Seven Solution Providers

Bill Sinn | May 07, 2019

Insurers are responding to increasing rates of sophisticated fraud by deploying analytic capabilities that have the sophistication to identify components of fraud within valid claims as well as to identify individual and widespread illegitimate claims. In a new report, Claims Fraud Analytics: Overview and Prominent Providers , research and advisory firm Novarica provides an overview of fraud in the insurance industry and claims fraud analytics technology, as well as profiles seven solution providers in this space.

"Fraudulent actors are responding by enhancing the sophistication and the scale of their efforts; carriers, on the other hand are responding by enhancing their fraud analytics capabilities," said Deb Zawisza, Vice President of Research and Consulting and co-author of Novarica's new report. "Larger insurers are very active in the deployment of fraud analytic capabilities, with 78% of carriers having some type of fraud scoring to support their traditional and digital claim practices. Midsize carriers are lagging slightly behind larger insurers, with 67% deploying some level of fraud scoring."

Please contact or call Victoria Spitz at 833-668-2742 Ext. 130 for more information.

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