Overview
Verisk (Nasdaq: VRSK) is a leading strategic data analytics and technology partner to the global insurance industry. It empowers clients to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global risks, including climate change, extreme events, ESG and political issues. Through advanced data analytics, software, scientific research and deep industry knowledge, Verisk helps build global resilience for individuals, communities and businesses. With teams across more than 20 countries, Verisk consistently earns certification by Great Place to Work and fosters an inclusive culture where all team members feel they belong. For more, visit Verisk.com.
Verisk's anti-fraud options serve customers throughout the insurer value chain. Marketing, underwriting, claims. Options include advanced technologies and cutting-edge fraud analytics including a proprietary source of more than 1.5 billion claims, AI and predictive models, network analytics, automated case management, trust then verify protocols, etc. to enable clients to better serve their customers and business.
Key Features
- 30PB of data, including the largest claims database (ClaimSearch) and other proprietary databases (AMD, NICB)
- No ETL lift for most insurers to implement antifraud solutions
- Extensive industry expertise
- 50+ years of safeguarding industry data
- Configurable business user tuning and rule creation capabilities
- Machine learning predictive models, unsupervised modeling, expert business rules, digital media forensics, network analytics exploration
Key Benefits
- Fraud Prevention: By leveraging advanced analytics and industry expertise, Verisk helps insurers prevent fraud before it occurs.
- Cost Savings: Detecting and preventing fraud can save insurers millions of dollars in fraudulent claims.
- Improved Customer Experience: By reducing fraud, insurers can provide a better experience for their customers, including faster claims processing and lower premiums.
- Industry Leadership: Verisk is a thought leader in the anti-fraud space, providing insurers with cutting-edge solutions, expertise, and novel data trends.