SAS | The Power to Know
cq5dam.thumbnail.319.319
White Paper

The Insurance Fraud Playbook

Plugging Premium Leakage

Using Analytics to Prevent Insurance Fraud

The idea that just a small percentage of applicants misrepresent details to reduce auto insurance rates was recently debunked by Co-Operative Insurance, which found that 41% of policyholders deliberately lie when completing policy applications, and 61% would consider doing so in the future.

Dennis Jay, Executive Director of the Coalition Against Insurance Fraud, says, “Application fraud traditionally has been the poor cousin of claims fraud, receiving little attention and not being fully understood. Forward-thinking insurers are developing new strategies and employing new tools to not only detect underwriting fraud, but to prevent it as well."

This white paper will cover the different types of underwriting fraud and discuss how insurance companies are implementing best practice technology and analytics to ensure rating integrity and prevent billions of dollars in premium leakage.

About SAS

SAS is the leader in analytics. Through innovative software and services, SAS empowers and inspires customers around the world to transform data into intelligence. SAS gives you THE POWER TO KNOW®.

Have a SAS profile? To complete this form automatically Sign In

*
*
*
*
 
*
 
 
  Yes, I would like to receive occasional emails from SAS Institute Inc. and its affiliates about SAS products and services. I understand that I can withdraw my consent at any time by clicking the opt-out link in the emails.

All personal information will be handled in accordance with the SAS Privacy Statement.

 
 

Back to Top