Verisk Unveils New ClaimSearch Tools to Detect Digital Commerce and Locate Assets in Insurance Investigations

New Fraud Detection Tools from Verisk and Legentic

Overview

Verisk has announced a new collaboration with Legentic to enhance its ClaimSearch® platform with two advanced fraud detection tools. This initiative aims to better equip insurance professionals in identifying fraudulent activities within the digital commerce space.

Key Features

The new tools are designed to:

• Detect Fraud: Analyze transactions for indicators of fraudulent behavior, helping insurers reduce losses.
• Locate Assets: Assist in tracing assets involved in insurance investigations, which can be pivotal in claims processing.

Who Will Benefit?

This development is particularly relevant for insurance professionals focused on claims management and fraud prevention. By integrating these tools into ClaimSearch®, Verisk aims to streamline investigations and improve overall efficiency in processing claims.

Market Context

With the rise of digital commerce, fraudulent activities have also increased. This partnership reflects a proactive approach to these challenges within the insurance industry. By utilizing advanced technology, insurers can more effectively combat fraud and protect their businesses.

Conclusion

This alliance between Verisk and Legentic underscores the industry's shift toward technology-driven solutions for traditional challenges. The new tools are expected to play a key role in enhancing the capabilities of the ClaimSearch® platform.

Original Source: https://ffnews.com/newsarticle/verisk-unveils-new-claimsearch-tools-to-detect-digital-commerce-and-locate-assets-in-insurance-investigations/