The Detica NetReveal^® solution for insurance fraud enables insurers to reduce their exposure to organised and opportunistic fraud and improve customer service across all lines of business, including:

• Auto insurance.
• Home insurance.
• Commercial insurance.
• Health insurance.
• Workers compensation / Employers liability.
• Life and pensions.
• Intermediary / broker.
• Personal injury.
• Public liability.

Types of fraud and criminality detected include:

• Claims fraud.
• Application fraud.
• Staff / employee / broker fraud, including non-compliance.
• Money laundering.

By applying the unique social network analysis and scoring techniques to national scale data sets of product customer data and transactions, Detica NetReveal^®:

• improves detection of fraud by up to 100% over other systems;
• increases the return on investment per investigator by up to 400%;
• reduces false positives by up to 70%;
• enables faster decision making by allowing real-time identification of fraudulent activity;
• reduces claim handling times and expedites valid claims.

The Detica NetReveal^® solution for insurance fraud also adds a new dimension to fraud diagnosis and prediction by detecting new fraud modus operandi used by criminal networks.