Insurance

Insurance

  • Insurance fraud detection and mitigation

    Insurance fraud accounts for at least 10% of all insurance premiums, a percentage that has remained relatively constant over the past two decades. Today, insurance companies use software and statistical analysis to identify suspicious claims for further investigation. However, this is commonly a post-event investigation instead of pre-event prevention.To enable insurers to improve their fraud mitigation efforts, Pitney Bowes Software provides integrated technologies to accurately identify and assess fraud activity at the Point-Of-Sale, and First Notice Of Loss all in near-real time. Combining data with analytical and multi-channel communication capabilities, our solution provides critical insight for better fraud identification and mitigation to help carriers improve profitability.

    Enterprise-wide single view of risk

    To enable insurers to gain a common operational view of risk across their organisation, Pitney Bowes Software provides integrated technologies to accurately identify, assess and monitor risk from an individual policy level to an aggregated, book-of-business view all in near-real time. Combining data with geo-spatial and analytical capabilities, our solution provides critical insight for better risk management decisions to help carriers maintain profitability and solvency.Our platform provides for an integrated solution that delivers:

    • Best-in-class precision geocoding
    • Near real-time analysis of exposed geographic areas
    • An operational view of risk across the organisation
    • Helping decision makers assess the overall risk the company is taking on
    • Maintaining profitability and solvency