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Verisk's Fraud Solutions

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Overview

Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance industry. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events as well as political and ESG topics. Across the P/C and life/accident insurance industries, insurers, reinsurers, risk managers, and many supporting channels rely on Verisk to better understand the business of risk and advance their digital transformation initiatives. Clients infuse Verisk solutions into marketing & distribution, product & rating, compliance, underwriting, claims, and risk transfer workflows so they can improve customer experiences while, among a breadth of operational solutions, fighting fraud to better manage their business of risk. Verisk's anti-fraud options serve customers throughout the insurer value chain. Marketing, underwriting, claims. Options include advanced technologies and cutting-edge fraud analytics including a proprietary source of more than 1.5 billion claims, AI and predictive models, network analytics, automated case management, trust then verify protocols, etc. to enable clients to better serve their customers and business.

Key Features

> 19PB of data, including the largest claims database (ClaimSearch) and other proprietary databases (AMD, NICB)

> No ETL lift for most insurers to implement antifraud solutions

> Extensive industry expertise

> 50+ years safeguarding industry data

Product/Service details