Pilotbird, a company specializing in lifestyle analytics, has teamed up with Verisk’s ClaimSearch platform. This partnership aims to improve how insurance companies investigate claims. With Pilotbird’s tools, insurers can easily access reliable social media information to spot potential fraud.
Insurance fraud is a growing issue in the U.S. It’s getting tougher as claims become more complicated and experienced adjusters are hard to find. A recent report found that fraudulent claims cost insurers billions each year, driving up premiums for everyone.
Through this integration, staff can request Pilotbird reports directly within their existing system. These reports use publicly available data to show discrepancies in claims, like suspicious activity that doesn’t match the reported loss. Pilotbird respects privacy by not accessing private account information or making claims decisions.
Evgeny Aleksandrov, Pilotbird’s CEO, emphasized that this integration streamlines the claims process for insurers, letting them catch inconsistencies early on, which can speed up resolutions. It’s a step toward making claims handling more efficient.
Jeff Ryan from Verisk remarked on the importance of bringing valuable data into the claims process. Having access to Pilotbird’s reports offers another layer of insight, assisting insurers in making well-informed decisions.
The impact of this partnership could be significant. As more insurers adopt these tools, we may see a reduction in fraudulent claims and a smoother claims experience for honest customers.
Overall, the Pilotbird and Verisk collaboration reflects a trend towards using advanced analytics to combat fraud in the insurance sector. For more details about this integration, you can visit the Verisk ClaimSearch platform and learn more about Pilotbird.
Source link
data analytics, global insurance industry, Verisk, investigative reports, Pilotbird
