Successful Prevention of Claims Fraud

THE POWER OF QUOTE DATA IN RESOLVING FRAUDULENT CLAIMS

The staging of road traffic collisions for fraudulent insurance claims purposes is not a new phenomenon and insurers have been successfully identifying, investigating and proving such frauds for over 20 years.

During this time fraudsters have also been equally successful in getting away with untold millions in ill-gotten gains and deploying ever more complex tactics to evade detection.

This case study looks back on a recent investigation by Synectics' Special Investigation Unit (SIU) which, like so many, started with a well-trained and motivated claims handler whose gut told them: ‘this does not feel right.’.

It turned into an exemplar case of how syndicated data from a perhaps less than obvious source proved to be key in blowing the whole case open.​​​​​​