JERSEY CITY, N.J., Oct. 13, 2022 (GLOBE NEWSWIRE) — Verisk (Nasdaq: VRSK), a number one world knowledge analytics supplier, has been acknowledged by Celent as a “Luminary” for growing modern options that assist property/casualty and life insurers detect claims fraud.
Verisk positioned within the prime group of suppliers for Superior Know-how and Breadth of Performance within the Celent Technical Functionality Matrix, a brand new function of the 2022 stories. The stories evaluated a complete of 17 fraud-detection options for the property/casualty and life insurance coverage markets.
“Verisk’s fraud-detection options are acknowledged as Luminaries owing, largely, to their extremely superior performance and talent to combine with third-party knowledge,” stated Andrew Schwartz, an analyst at Celent and co-author of the report. “The result is a sooner, smarter, and extra correct claims expertise.”
Verisk’s anti-fraud options are supported by strong knowledge sources, together with ClaimSearch®, which incorporates greater than 1.5 billion claims from throughout the trade. ClaimSearch contains knowledge from each first- and third-party claimants in addition to service suppliers, which is important for insurers to detect and forestall fraud.
With synthetic intelligence, picture forensics, and automation, Verisk’s anti-fraud options assist insurers rapidly establish potential fraud and speed up funds to the vast majority of policyholders with meritorious claims.
“Superior analytics and automation are vital for insurers at the moment, who’re dealing with inflation, materials and labor shortages, and new fraud schemes on daily basis,” stated Maroun Mourad, president of claims options at Verisk. “The popularity by Celent is a testomony to how Verisk’s modern, end-to-end options are serving to insurers streamline workflows, enhance claims administration, and remodel the shopper expertise.”
Study extra about Verisk’s claims options.
Verisk (Nasdaq: VRSK) supplies data-driven analytic insights and options for the insurance coverage and power industries. By way of superior knowledge analytics, software program, scientific analysis and deep trade information, Verisk empowers clients to strengthen working effectivity, enhance underwriting and claims outcomes, fight fraud and make knowledgeable choices about world points, together with local weather change and excessive occasions in addition to political and ESG matters. With places of work in additional than 30 nations, Verisk constantly earns certification by Nice Place to Work and fosters an inclusive tradition the place all group members really feel they belong. For extra, go to Verisk.com and the Verisk Newsroom.
Supply: Verisk Analytics, Inc.