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CAIF: Tech Propels Anti-Fraud Strategies, But Challenges Persist

Ninety percent of respondents in CAIF's inaugural anti-fraud tech survey are still using only basic analytic tools.

By Christina Bramlet | Updated on September 12, 2012

Anti-fraud technology has become an integral component in insurers’ fraud-fighting arsenal. In fact, when coupled with collaboration amongst SIU, claims, law enforcement, and other entities, such technology may represent the most powerful weapon in combatting organized criminal empires in particular.

Yet, even though insurance carriers are eager to both adopt and utilize anti-fraud technology in increasingly creative and sophisticated ways, they face major challenges impeding successful deployment. To delve deeper into these obstacles and the current relationships between carrier and technology, the Coalition Against Insurance Fraud with the help of SAS conducted a study of 74 insurers.

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