Global data analytics and technology provider, Verisk is expanding its fraud-fighting capabilities with two new partners FRISS and Globlue Technologies.
Both insurance technology companies will join the Verisk Claims Solutions ecosystem by integrating with Verisk’s ClaimSearch platform, which includes the world’s largest property and casualty (P&C) claims database containing over 1.7 billion claims from throughout the US, the firm explained.
The platform provides P & C carriers with access to claims data, advanced fraud detection and investigative analysis tools, and connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.
Shane Riedman, vice president and general manager of anti-fraud analytics at Verisk, said: “Verisk is uniquely positioned to serve the insurance industry by providing the platform to support the P&C claims ecosystem. By integrating with FRISS and Globlue Technologies, we’re not just expanding the ecosystem — we’re also setting new benchmarks in the fight against fraud.
“ClaimSearch serves as the foundation for insurance fraud detection and prevention. This collaboration equips our clients and partners with unparalleled insights and tools, expanding the industry’s ability to stop fraudulent claims.”
According to the announcement, FRISS’ and Globlue Technologies’ integration to the ClaimSearch Partnership will facilitate advanced fraud analysis and detection, including more complex scoring and triaging to improve decision-making.
Additionally, it eliminates the manual fraud detection process, saving valuable time and reducing operational costs for end-users.
Jeroen Morrenhof, CEO and co-founder of FRISS, commented: “We are thrilled to participate in this ecosystem partnership with Verisk. FRISS is excited to partner with Verisk’s ClaimSearch platform to inject invaluable data and insights within the FRISS Score.
“This will enable mutual Verisk and FRISS customers to detect fraud with much higher accuracy and predictability. We are eager to collaborate on this transformative journey with Verisk to bring more efficiency and impact to the anti-fraud community.”
“Through this integration, mutual customers will leverage ARKHOS Analytics’ enhanced identity resolution, which provides advanced intelligence and analytics capabilities. This brings carriers’ investigative data, third-party data and Verisk data together in a single dashboard, allowing analysts to perform advanced analysis in real-time, accelerating the data-to-decision process, as it relates to fraud detection,” said Adrian Silva, president and CEO at Globlue Technologies.
