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Leverage iovation’s deep authentication and fraud detection experience in preventing insurance fraud

Insurance companies face significant fraud detection and prevention challenges, with risk exposure across policy, claims and broker networks. Policyholders are also vulnerable to identity theft. The business impacts of insurance fraud include financial loss and lost productivity. iovation offers insurers a solution which leverages multifactor authentication, device intelligence and other advanced security technologies to protect against the most serious insurance fraud threats. Stop fraudulent activity:

  • At quote and policy inception - Before any loss can be incurred
  • At endorsement or MTA – When a new risk might be introduced
  • At claim – As an extra layer of identity verification
  • During policy renewal – To minimize future exposure

iovation’s fraud prevention and authentication solutions are powered by our Global Device Intelligence Platform, containing nearly 5 billion devices and 49 million fraud and abuse reports, which allows you to leverage data on known risks specific to your industry to make better decisions. Thus enabling you to provide a better user experience for your trusted customers while mitigating fraud risk at all stages of the policy lifecycle.

Key Capabilities

iovation's insurance fraud detection and prevention solutions help you expedite good customers and shut down insurance fraud:

iovation was named “Outsourced Partner of the Year – The Best Buddy Award” in the Post Digital Insurance Awards for a third consecutive by Post Magazine.

The AA logo

iovation’s device intelligence and Fraud Force Community gives us a remarkable opportunity to discuss fraud rings and how to combat them. We can have these discussions in the community while honoring compliance regulations and our respective companies’ policies.

Stephanie Driscoll, Fraud Operations Manager
The AA

Fighting Insurance Fraud with Device Reputation

In this discussion with The Telegraph, learn how the insurance industry can use device intelligence to defend against policy fraud, claims fraud, and other schemes which are facilitated at different points in the customer lifecycle.

Watch Video

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