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During the implementation of risk technology—such as FICO® TRIAD® Customer Manager, FICO® Debt Manager™ solution or FICO® Blaze Advisor® decision rules management system—we will get you off to a flying start. We use our knowledge and experience to guide the business strategy design and make sure the system will be implemented in a way that achieves your business objectives, as expeditiously as possible.
Detect more fraud
Insurers can use FICO's predictive analytics, link analysis and business rules – known to find up to 50% more fraud than simple rules-based techniques alone – to find unknown and emerging fraud with a continuous learning process.
The FICO solution ranks claims by likelihood of fraud, with reason codes to drive the next actions. Ranking is combined with rules that segment cases by highest financial impact, creating a process for stopping fraud that drives the maximum financial benefit.
Reduce false positives
FICO’s analytic approach helps eliminate the questionable cases that can take up valuable investigative time, resulting in wasted efforts. A focus on truly fraudulent claims improves the overall expense performance of the organization.
Insurers are experiencing higher incidences of opportunistic fraud and premium leakage due to omissions on coverage applications. At the same time, organized criminal activity and collusive schemes systematically attack the guards insurers...
Annual insurance fraud losses are measured in billions of dollars, and while four out of five insurers have formal anti-fraud programs, fraud losses continue to mount. FICO helps carriers significantly improve...
Insurance fraud losses are rising in the US, the UK and many other markets across the globe. Insurers are experiencing higher incidences of opportunistic fraud (exaggeration of legitimate claims), as well as premium leakage due to misrepre...
Bust out fraud: New Strategies for Fraud Prevention
Tap the power of predictive analytics to stop the guesswork and fight fraud
Activating Big Data Analytics to Drive Innovation