Bogus and inflated insurance claims cost over £5 billion per year.
Fraudscreen’s unique coding algorithms offer protection to brokers and underwriters by providing essential information about prospective customers before any relationship is developed.
Fraudscreen provides a crucial weapon in the battle to combat premeditated insurance fraud.
Fraudscreen coding is most effective in predicting:
- the 10% of customers most likely to make fraudulent claims
- the 10% of customers most likely to inflate the value of their claims.
| |
File % |
Claim rate index |
Average claim index |
| best |
36% |
81 |
56 |
| median |
56% |
104 |
100 |
| worst |
8% |
163 |
306 |
| average |
|
100 |
100 |
|