
RSA Canada selects BAE Systems to provide latest NetReveal counter fraud technology to combat insurance fraud
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Insurer will become the first organization in Canada to run new version of BAE Systems NetReveal Property and Casualty solution.
Toronto, ON, 12th March 2019. Today, BAE Systems and RSA Canada announced a contract extension to implement new Property & Casualty (P&C) technology to combat insurance fraud. RSA Canada will be the first organization to adopt NetReveal’s new P&C capability in North America. This timely partnership launches during Canada’s Fraud Prevention Month, encouraging citizens to understand and report fraud.
The partnership comes at a crucial time in Canada, as the fraud problem continues to grow, costing customers upwards of $1.6 billion annually. NetReveal provides insurers with the ability to detect, investigate and prevent fraud, at the point of claim, policy inception and at point of quote, while also minimizing the impact on genuine claimants and streamlining them through the claims process. BAE Systems has worked with RSA Canada since 2013 to detect automotive and household claims fraud - this partnership upgrades RSA Canada to the latest version of NetReveal in a five year commitment.
The partnership strengthens RSA’s global relationship with BAE Systems, promoting a global task force to improve anti-fraud tools and techniques to support and protect honest customers, while encouraging knowledge sharing of the fraud landscape between the two companies. The use of NetReveal will improve the existing RSA Canada score cards for automotive and home claims fraud and will help redefine how the company combats fraud. This will include identifying additional fraud types such as accident benefits, medical practitioner/clinic, Health Claims for Auto Insurance, and promote the use of more advanced analytics.
Dennis Toomey, Global Director of Counter Fraud Analytics and Operations at BAE Systems Applied Intelligence said:
“The Canadian insurance industry estimates suggest auto insurance fraud costs continue to rise, costing consumers billions annually. The fraud threat in the Canadian insurance market is massive, and requires cutting edge technology to detect and prevent fraud while safeguarding honest customers. RSA Canada is already a market leader in fighting fraud and we are thrilled to be extending our relationship with them to not only be the first in Canada to use our new solution, but to continue to work together to identify new types of threats and develop the latest solutions for the advanced fraud market.”
Ewen Cameron, SVP Claims at RSA Canada said:
“RSA Canada is serious about protecting our customers and our business against the increasing exposure to insurance fraud which has both personal and financial implications for the insurance industry. This investment is another example of the importance RSA places on anti-fraudulent activities.”
To learn more about the partnership and BAE Systems’ solutions for the insurance industry, visit www.baesystems.com/insurancefraud