A new survey of U.S. and Canadian insurers reveals that one in three insurers does not feel adequately protected against fraud, according to FICO, a predictive analytics and decision management software company. The survey, which focused on insurance claims fraud, …
Forty-five percent of insurers estimated that insurance fraud costs represent 5-10 percent of their claims volume, while 32 percent said the ratio is as high as 20 percent. This according to a survey of U.S. insurers showing the high cost …
A new product aimed at helping insurers curb the growing problem of insurance claims fraud was just introduced by FICO, an industry provider of analytics and decision management technology. The FICO Claims Fraud Solution uses three integrated technologies to identify …