The Global Economy is driving huge insurance claims fraud and money-laundering schemes, often involving sophisticated offshore networks of fake insurers, doctors and lawyers costing the industry millions.
The IBM Threat & Fraud Intelligence solution for Insurance gives SIU’s (special investigative units) a real-time analytical repository for recognizing the individual fraudsters and their associates before the loss is incurred.
Our solution allows SIU’s to:
- Protect Your Brand
- Increase profit by reducing fraud loss
- Stop the threat at account opening, not claim and investigation
- Extend recognition to beneficiaries and collusive relationships
- Recognize crooked or blacklisted providers
- Extend recognition to beneficiaries and collusive relationships
- Avoid massive government fines by having strong identity controls
- Quickly fulfill government requests and subpoenas – 314a’s
- Advanced analytics and relevant business reports for real-time decision making
- Increase effectiveness and lower the operational cost of Transactional Claims Mgmt, Case Mgmt and AML reporting
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Building Better Risk Management
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