FMG enhances counter-fraud with Verisk tech
FMG has selected Verisk to support its counter-fraud and third-party claims handling processes.
This will provide FMG with intelligence that may help claims professionals assess reported circumstances, identify potential inconsistencies and determine whether further investigation is appropriate during the pre-litigation stage of a claim.
Verisk’s number plate recognition (ANPR) intelligence capability helps insurers and claims organisations access additional information about when and where vehicle registrations have been captured across a network of participating locations in the UK.
The intelligence provided by Verisk – such as number plate recognition which determines when and where a car was – will support rather than replace claims professionals’ assessment of the wider evidence available in each case.
Andrew Chandler, managing director, FMG, said: “The value goes beyond the technology itself; it is how we apply intelligence within our wider claims proposition. By bringing relevant data into the claims journey at the right time, we can give our teams greater insight into potential risk factors, support informed decision-making and help manage avoidable costs.
“This is another step in our strategy to combine technology, data and specialist expertise to support better-informed outcomes for our clients.”
Neil Garrett, chief commercial officer, Verisk General Insurance UK & Ireland, added: “Claims teams often need additional context to determine whether reported circumstances align with the wider evidence available during an investigation.
“ANPR intelligence can provide another source of information, helping organisations assess potential inconsistencies earlier, focus resources effectively and make better-informed decisions throughout the claims lifecycle while aligning with data protection and governance requirements.”
