Application fraud

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.

ARIC Fraud Hub understands the real-time behaviour of each individual applicant to spot application fraud at point-of-sale and point-of-quote.

Key benefits

  • 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.

Features of ARIC Fraud Hub

  • 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.

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