enherent and G4S Compliance Deliver Fraud Mitigation Solution

The Polaris solution enables companies in the insurance industry to detect fraud earlier and more accurately by quickly analyzing large volumes of text as well as structured data associated with insurance claims, according to the vendor partners.

Iselin, N.J.-based business analytics solution vendor enherent and G4S Compliance, the Raleigh, N.C.-based provider of risk management and fraud investigation services, have expanded an existing partnership to deliver Polaris, a business analytics solution for the insurance industry, using analytic technology from IBM. the restructured partnership increases the breadth of analytics available to G4S client and other members of the insurance value chain, with an initial focus on fraud mitigation, according to a joint press release.

The Polaris solution enables companies in the insurance industry to detect fraud earlier and more accurately by quickly analyzing large volumes of text (e.g. claim examiner notes, police reports, medical reports, email, etc.) as well as structured data associated with insurance claims, according to the press release. By automating the analysis of all claim data, the Polaris Solution significantly reduces the amount of time insurance professionals and Special Investigative Units (SIU) spend searching, reading and organizing claim information, enabling them to quickly uncover and address suspicious claim activity, the vendors claim. The solution targets both individual and organized fraud across a number of insurance industry segments including workers' compensation, property and casualty (P&C), auto and health care.

Anthony O'Donnell has covered technology in the insurance industry since 2000, when he joined the editorial staff of Insurance & Technology. As an editor and reporter for I&T and the InformationWeek Financial Services of TechWeb he has written on all areas of information ... View Full Bio