GoCompare - Featurespace

“We’re excited to be the only UK comparison website to be partnering with Featurespace. Following an extensive evaluation of providers, they proved to be the only ones capable of enhancing our existing fraud prevention capabilities. We recognize that comparison websites act as the gatekeepers of data for many insurers and that we have an important role to play in the prevention of front-end fraud.”

Fleur Lewis, Head of Fraud, GoCompare

Overview

GoCompare is the second biggest UK comparison website generating over £152.4 million in revenue by providing 24 million quote comparison details for financial products, including car, home and pet insurance and breakdown cover. GoCompare is the only comparison website to be invited to join the British Insurance Brokers’ Association (BIBA) and is authorized and regulated by the Financial Conduct Authority (FCA).

Dedicated to not only helping people choose the most appropriate products rather than just the cheapest, GoCompare deployed the ARIC™ Risk Hub to safeguard insurers that partner with them against quote manipulation, ghost broking and application fraud.

Webinar: Insurance Covid-Cast: Combatting Coronavirus-Related Insurance Fraud

Fleur Lewis, Head of Fraud at GoCompare speaks with expert peers about the prevention, detection and prosecution of insurance fraud at a time of pandemic and specifically how data science models enable GoCompare to effectively fight fraud at 15:18 minutes within the session.

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Press Release: GoCompare partners with Featurespace to strengthen fraud detection and prevention

“Any online platform is a potentially inviting place to attempt fraud, and we believe we can support the industry in identifying this sort of behaviour by introducing detection and prevention measures at point-of-quote. These capabilities enable insurers to assess the risk in real-time and either decline the business or price accurately to ensure all parties are suitably protected.” ~Fleur Lewis, Head of Fraud at GoCompare.

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