Fraud for Thought
It’s time to enhance your strategy to prevent and detect insurance fraud across the enterprise.
Insurance fraud is a global issue
The global economy remains turbulent with financial pressures and uncertainty fueling a huge surge in fraudulent activity. The full scale of insurance fraud is unknown as much is underreported and undetected. The threat to insurers and their customers has accelerated the need to have the right resources, data and toolset to harden defenses.
Cost of losses from Insurance Fraud every year
Year over year growth in digital fraud
ONE UNIFIED SOLUTION
Detect and prevent fraud across the enterprise
Make faster and more accurate decisions on:
Application and underwriting fraud
Claims, billing and provider fraud
Supply chain integrity
Amplify the impact of counter-fraud operations with context
Holistic 360° view
Create a single view to understand more about customers, claimants, suppliers & other parties to make informed decisions to fight fraud.
Increase fraud detection
Better detection of fraud across the enterprise, from the point of application and throughout the customer lifecycle.
Enhanced customer experience
Generate accurate insights to accelerate decision-making and integrate with Straight-Through-Processing.
Increase productivity across teams with reduced manual efforts of the triage and investigation processes.
What Quantexa has achieved
Reduction in investigation time
Reduction in false positives
Combined ratio reduction
Coverage across all product lines
Allianz saw an 18-30% improvement in our fraud-fighting performance driven by the implementation of Quantexa technology. They simply offer the best solution on the market for identifying new and emerging risks.
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