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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
   First year only
 
 
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