Fighting fraud with data
Fighting fraud before it happens with smart data management
Fighting fraud with data
Fighting fraud before it happens with smart data management
Insurance fraud costs the US billions of dollars annually.
Our proprietary software allows you to simply and effectively integrate real-time fraud detection into your claims processes.
50% more fraudulent claims identified by those insurers using our technology – saving them $1.3m+ annually.
How it works
Davies Mass Data Analysis (MDA) system utilizes advanced technology and combines network, pattern and trend analysis to formulate the risk profiles of insurance claims. This allows potentially fraudulent claims to be rapidly identified, investigated, and dealt with in the most cost-efficient manner possible, while guaranteeing data integrity, and reducing false positives.
1,300 fraudulent claims identified for a single client
Key capabilities & benefits
- Developed fully in-house, the technology recognizes the need to efficiently deploy insurer spend and resources.
- Intelligent triggers developed by our industry-leading fraud experts creates alerts by fraud type.
- Access to key details around potentially fraudulent activity is enabled with advanced search & watch list facilities.
- Davies’ hands-on experts supplement the technology, optimizing MDA outputs & results.
- External data sets enrich the data matching exercise and enhance the quality of risk scoring to support claims validation.
- By matching data with industry respected fraud data sets, the technology offers contextual analysis to provide more effective risk scoring & matching against other client & insurer data.
- Robust data management – security and compliance is our leading priority.
Are you looking to improve your underwriting performance and streamline processes?
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