Insurance fraud prevention

Preventing insurance fraud in an increasingly automated claims lifecycle poses a critical challenge to the insurance industry.

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Validate and expedite genuine claims

As we progressively automate the claims lifecycle, the risk of loss due to insurance fraud increases. To counter this problem, our transformation proposition focuses on fraud prevention while validating and expediting genuine claims. The result is better fraud identification and shorter claims cycle times.

When combined with our Fraud Investigation Services, which has already processed data from more than 1 million sources, it provides an end-to-end solution, reducing the cost of fraud.

Improve fraud detection

We have developed a machine-learning solution that overcomes the challenges of implementing insurance fraud detection software, such as high upfront costs and time pressure on IT resources. Our insurance fraud technology draws on constantly evolving data, and integrates seamlessly with relevant external information sources, to strengthen fraud detection.

Complete and holistic solution

Our proposition goes further by including insurance fraud investigation services. We have processed data from more than one million sources, and provide a comprehensive solution. We detect potential fraud, simplify the referral of cases to investigators and ensure that the resulting decision is fed back into the fraud management process, closing the loop in the fight against fraud.

We use innovative technology to solve crucial insurance challenges. In doing so, we not only protect profit margins and premiums, but also strengthen trust and integrity across the insurance ecosystem.

InHub is our versatile and innovative technology base. It includes our cloud-based SaaS platform and integration framework, which form the foundation for our Insurtech solutions spanning Digital Transformation, Digital Modernisation, London Market, and Managed Services.

InHub is our middle-layer platform specialised in insurance. Designed for seamless integration, InHub is extensible and acts as a unifying layer to integrate modern technologies with legacy systems.

It adopts an API-first approach, providing modern APIs for efficient interoperability between systems. InHub also integrates with customer ecosystems, bridging the gap between new applications and legacy systems, thus facilitating modernisation efforts.

Our InHub store offers ready-to-use standard business solutions such as personal and commercial lines quoting and issuing portals, self-management or after-sales portals for policyholders and partners, pre-integrated payment gateways, and more.

InHub is an invaluable resource for insurers who want the best technology available backed by strategic advice from experts who understand the insurance industry.

Get in Touch

We would love to help you better understand our solution, walk you through the key features and answer any questions you may have.

Please complete the attached form to get in touch with one of our experts.

"We are replacing IT systems that are almost 30 years old. We needed a partner that could help us in implementing standard insurance processes that are generic rather than product specific so that we could use the same approach for all our products. Charles Taylor InsureTech has been this fantastic partner for us and this will help us create new products more quickly."

Ron van Eijk, Program Manager, Dela

"I can certainly say that today we have a partner in Charles Taylor InsureTech that has the expertise and agility to help us in the implementation of our strategic and operational business vision, and has bought into and shares that vision with us."

Jeannette Palacios, Project Manager for Core Change, Sura Seguros

"We were looking for a strategic technology partner to work closely with us in our ongoing plans to modernise the group. Charles Taylor InsureTech has made a clear long-term commitment to building its business in Latin America and has the global reach to support our growth ambitions. Its solutions and capabilities are also highly rated by independent analysts."

Luis Ramos, CIO, Seguros SURA Corporate

"(The Core transformation) wasn’t an easy process to start, but Charles Taylor InsureTech knew how to bring about change in their teams and vision. Today, they are a partner helping us in implementation – with the business vision and agility we need. We want to continue along this vein with all the developments we are seeing in the world of insurance."

Seguros SURA, Core Transformation Project Manager

"Through the new Core, we are integrating different platforms with different fronts so that clients can login and have a good experience. Charles Taylor InsureTech has been a great partner to help achieve this."

Seguros SURA, Core Transformation Project Management Leader