Fighting application fraud is an ongoing battle for insurers. To avoid the costs associated with application fraud, insurers need to go beyond rules-based prevention systems to understand individual customer behaviours during application, and prevent fraud from entering their systems in the first instance.
Monitor the real-time behaviour of each applicant
Detect the anomalies in a customer’s behaviour to spot application fraud the moment it occurs and flag it for attention.
Reduce application investigations
Understand behaviour to quickly identify and process genuine applications and reduce operational overheads.
Optimise premiums and accept safer drivers
Get rich customer insights into your genuine customers and optimise pricing to improve loyalty and propensity to renew.
In-session behaviour monitoring:
Detect fraud at the point-of-quote by analysing individual application behaviour.
Self-learning Adaptive Behavioural Analytics:
ARIC adapts automatically as behaviour evolves, reducing manual input needed to update the platform.
Real-time behavioural analysis:
Identify how, where and when each individual application is made.