Across the insurance industry there is a drive to implement pro-active fraud detection solutions.
This enables insurers to prevent fraud at a much earlier stage in the policy lifecycle, as when it comes to the claims stage it is often too late to take mitigating action.
Insurers need to be pro-active in order to reduce their fraud losses and ‘steal a march’ on the would-be fraudsters.
Risk assessment is essential throughout all stages of the policy and claims lifecycle but are you maximising the benefit by assessing all aspects of the risk to include repair shops, recovery agents, people, brokers etc., and manage that risk accordingly.
