Progressive Insurance has chosen to implement the NetReveal general insurance counter-fraud solution from BAE Systems Applied Intelligence. The investment will help to better identify claims fraud for personal auto insurance.
In an effort to address the increasing risk of claims fraud in the personal auto space, Progressive will integrate NetReveal’s analytical and case management capabilities into its internal systems and operations. The system’s network-based detection will also help to capture collusive activity early on in the claims cycle.
“The deployment of NetReveal will help us more accurately identify which claims to investigate for potential fraud,” said Jeff Moore, senior process director for special investigations at Progressive, in a statement. “Our priority is to reduce the impact of insurance fraud on our customers."
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Kelly Sheridan is the Staff Editor at Dark Reading, where she focuses on cybersecurity news and analysis. She is a business technology journalist who previously reported for InformationWeek, where she covered Microsoft, and Insurance & Technology, where she covered financial ... View Full Bio