INSIS Fraud Detection is based on our custom built engine, algorithms and strategies, and helps our customers with their ongoing fraud detection requirements. The system is fully integrated and highly configurable through our rule definition language, which extends to the INSIS metadata configuration system. Despite the custom built-in nature of our INSIS fraud detection extension, our platform also connects to other standard fraud detection systems available on the market.

Our fraud detection system allows for the definition of multiple fraud indicators, and meets the most stringent business requirements, across all insurance lines of business.

A number of pre-built statistical classification algorithms Transaction classification for scoring individual claims Classification, scoring, and clustering of different types of providers and claimants Network related analysis using social media information Tools for training and recalibration of the existing algorithms