Outsmart the Insurance Claim Fraudster
Date Held: December 12, 2012
Hosted by: Insurance Networking News
Duration: 60 Mins
For years the Insurance industry has been fraught with combating false claims.
They have accepted that 10 percent of incurred losses believed to be the result of fraud is a cost of doing business. Now, however, insurance fraud is on the rise! Individual fraudsters and organized rings are taking advantage of favorable regulations, overworked adjusters and investigators, and a clogged court system. In addition to suffering losses due to fraudulent claims, insurance companies are diverting precious resources for identifying, investigating and prosecuting fraud.
Has your company already reduced operational costs to the point to where there is little more to gain and are still under pressure to cut more costs? If so, you are not alone. Many are fraught with providing more, cutting costs while fraudsters are doing their best to take advantage of the environment and aggressively trying to take all they can.
As overwhelming as this may seem, insurance organizations are outsmarting the claims fraudsters and not only cutting costs, preventing fraud before it occurs, they are also improving the overall customer experience.
If you would like to dramatically improve the ability to:
- Prevent, predict, identify, investigate, report and monitor attempts at insurance fraud
- Equip underwriters, adjusters, investigators and managers with the information they need to make intelligent, informed decisions in real time
- Identify patterns and trends that can pinpoint fraudsters quickly and improve fraud prevention in the future
Join us today to learn more about how insurance organizations today are taking on and overcoming these challenges with the adoption of IBMs entity analytic solution, InfoSphere Identity Insight as their first step on the journey.
Gain insights needed to determine if deploying entity analytics is the right approach for you. Hear experts share specifics on what exactly is entity analytics, how it is being implemented and results garnered by taking a different approach to address critical challenges facing insurers today.
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