DRN DATA’s Post

Discover the latest insights into combating claims fraud in the insurance industry with Carla McDonald BA DipM ACIM, director of product management, UK & Ireland, LexisNexis Risk Solutions. Learn how data enrichment at the claims stage can be the market's ally in tackling fraud while ensuring a seamless experience for honest policyholders. Find out more ➡️ https://lnkd.in/em_2rxMt

Attention insurance professionals—Join us in the fight against fraud at the Insurance Fraud Management Conference 2024 (#IFM2024), March 3-6, The Woodlands, Texas. As first-timers at #IFM, We're excited to bring our expertise to this prestigious event and showcase our solutions tailored specifically for the insurance industry. Stop by Booth 320 to discover more. See you there! #InsuranceFraud #Insurance #InsuranceIndustry #Investigations #TrustScout #RiskAssessments #RiskManagement #Fraud #FraudManagement #VeriskLeadership Verisk

How to fortify your business in the battle against insurance fraud? We have expanded our #RiskAcademy library with a new chapter to help insurance companies unlock underwriting fraud protection, prevent fake claims, and more. Here are some key takeaways from our blog post: 🔍 Quick Insights: Insurance fraud in #underwriting is an evolving threat, costing insurers $34 billion annually. Tactics include false information, #identitytheft, and exploiting digital channels. 💡Combat Strategies: Recognizing red flags like fabricated personal details and financial manipulation is key. Advanced tech like AI and predictive modeling is essential for fraud detection. 🚀 Staying Ahead: A proactive approach with digital risk intelligence is crucial. 🌟 To gain the edge in the fight against #InsuranceFraud, explore our new article. https://lnkd.in/dqfJqu-d #RiskIntelligence #TechInInsurance #FraudPrevention #DigitalRisk #InsuranceIndustry

COI FRAUD! In this article we outline 5 ways to recognize if a Certificate of Insurance may not be legitimate. By using a secure COI transmission service like Certificate Exchange, you can safely and securely transmit COIs. https://lnkd.in/eqYThgJh

Unveiling Insurance Fraud at CED: Protecting Your Assets Insurance fraud comes at a cost, and at CED Europe, we're committed to minimize its impact. Detecting fraud begins with a sharp sense of fraud awareness. Our investigators are trained to identify and report dubious claims, ensuring a proactive stance against potential fraud. The use of proven interview and investigative techniques, smart technology, and detection skills in both the physical and digital realms, make sure our investigators will get to the bottom of suspicious cases. Let's work together to ensure a secure and trustworthy insurance landscape.  #InsuranceFraud #RiskManagement #CEDEurope #FraudAwareness #InsuranceProtection

Proud of my #Kelleykronenberg colleagues who attended the Florida Insurance Fraud Education Committee Conference! Our firm excels in #InsuranceDefense. Remember to Like and Share to spread the word!😊 . . . #FIFEC2024 #PIPInsurance #LawFirms #LegalIndustry #InsuranceLaw #PersonalInjuryProtection #Litigation #LegalDefense

We’re less than a month away from The 2024 Insurance Fraud Management (IFM) Conference! Every year we look forward to the terrific education, industry updates, and quality time with customers! Connect with Kevin Lewis, CIFI, SCLA, Amy S. Hollis, Michael Scarlett Jr., and Doug Merriman.   #IFM2024 #fraud #fraudmanagement #claims #claimsfraud #insurance #insurancefraud #investigations #investigators #insuranceinvestigations #workerscompensation #fraudabatement #workerscomp #workerscompensationclaims #surveillance 

From the inspiration.jimcarroll.com vaults, first posted on March 20th, 2024 - Keynote: Verisk Insurance Fraud Management Summit – “The End of Reality” – Houston, Texas The insurance industry has long adapted to AI as a powerful analytical tool, particularly with fraud detection. Jim took them into the future of insurance fraud, challenging them to think about the new insurance risk issues that emerge with 'the end of reality.' https://lnkd.in/gFrAJ24U

Just received this Breaking News from Allianz!  Allianz Commercial UK has achieved a significant victory in the battle against insurance fraud. They've saved a whopping £38.4 million since the start of 2023!  Here's what you need to know: Casualty fraud cases have increased, with major loss claims making up over 50% of the total amount. In the first half of 2023, Allianz detected £1 million in commercial property fraud, exceeding their goals. Thanks to cutting-edge machine learning tools, Allianz has increased their fraud savings by £2 million compared to the previous year. Overall, Allianz remains committed to protecting law-abiding customers during these challenging times. Insurance you can trust! #Allianz #Insurance #FraudProtection #FinancialNews #SecurityMatters  Looks like the Insurers are fighting back with very sophisticated software. What do you think?