Boosting The Fight Against Fraud: A Wealth Of Data

 Monday, November 25, 2019

 Insurance Thought Leadership

Insurance fraud has been around since, well, the beginning of insurance.

The ancient Greeks created a form of maritime insurance to indemnify against potential losses incurred with the sinking of a commercial ship in transit.

It became a common scheme for the boat owner to hide the boat in a foreign port and collect the insurance money.

Even in those early times, special investigators were hired to determine if the boat had indeed sunk.

Fast-forward to the present, and, for the last few decades, the industry has been using increasingly sophisticated technology to address fraud.

Now, several technologies can change the game for detection.
Special Investigations
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