Boosting The Fight Against Fraud: A Wealth Of Data

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.