Nationwide Implements Verisk's ClaimDirector Fraud Detection Solution
January 11 2018 - 2:00PM
YASTEST
Nationwide
Implements Verisk's ClaimDirector Fraud Detection Solution
JERSEY CITY, N.J., January 11, 2018 - Verisk
(Nasdaq:VRSK), a leading data analytics provider, is pleased to
announce that Nationwide has implemented Verisk's newly enhanced
ClaimDirectorSM solution to
assist in the detection of potential insurance fraud.
Commenting on Nationwide's move to implement
ClaimDirector, Lynne Brady, Nationwide's vice president of External
Fraud, stated, "We wanted accurate and timely identification of
potentially fraudulent claims through an objective and consistent
approach."
ClaimDirector identifies potential fraud
indicators at first notice of loss for each incoming claim, and the
system updates when new information is added.
Brady continued, "Nationwide believes applying
advanced technology to antifraud efforts will help protect our
members. Adopting proactive antifraud technologies like
ClaimDirector is essential in deterring insurance fraud."
Mitigating the impact of fraudulent claims helps
Nationwide maintain its position within a very competitive market,
Brady said.
With the addition of ClaimDirector to Nationwide's
proactive approach to fighting fraud, the company's claims
organization intends to use the innovative features that
ClaimDirector offers, including, but not limited to, a business
intelligence dashboard, triage page, interactive key claim
information, and visual prior-loss timeline. Because ClaimDirector
is delivered through the new visualized ISO ClaimSearch®
platform, customers can implement the solution with minimal IT
involvement.
Carlos Martins, vice president and general manager
of ISO ClaimSearch Solutions at Verisk, explained, "We evolved
ClaimDirector to provide adjusters and SIU teams with a better way
to access instantaneous insights based on our industrywide claims
database. ClaimDirector indicates precisely why the claim triggered
potential fraud indicators, guiding investigative direction."
Martins added, "We look forward to working with Nationwide as they
implement this solution across their claims organization."
About Nationwide
Nationwide, a Fortune 100 company based in Columbus, Ohio, is one
of the largest and strongest diversified insurance and financial
services organizations in the U.S. and is rated A+ by both A.M.
Best and Standard & Poor's. The company provides a full range
of insurance and financial services, including auto, commercial,
homeowners, farm and life insurance; public and private sector
retirement plans, annuities and mutual funds; banking and
mortgages; excess & surplus, specialty and surety; pet,
motorcycle and boat insurance. For more information, visit
www.nationwide.com.
About Verisk
Verisk (Nasdaq:VRSK) is a leading data analytics provider serving
customers in insurance, natural resources, and financial services.
Using advanced technologies to collect and analyze billions of
records, Verisk draws on unique data assets and deep domain
expertise to provide first-to-market innovations that are
integrated into customer workflows. Verisk offers predictive
analytics and decision support solutions to customers in rating,
underwriting, claims, catastrophe and weather risk, global risk
analytics, natural resources intelligence, economic forecasting,
and many other fields. Around the world, Verisk helps customers
protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk
operates in 30 countries and is a member of Standard & Poor's
S&P 500® Index. In
2017, Forbes magazine named Verisk to its
America's Best Mid-Size Employers list and to its World's Most
Innovative Companies list. Verisk is one of only seven companies to
appear on both lists. For more information, please visit
www.verisk.com.
Contact:
Giuseppe Barone/Erin Bzymek
MWWPR (for Verisk)
201-507-9500
gbarone@mww.com
ebzymek@mww.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Verisk Analytics Inc. via Globenewswire
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