ULLICO Signs GlobalOptions Group for Fraud-Related Services

ULLICO (Washington, D.C.) has signed a three-year contract with New York-based risk mitigation and management services firm GlobalOptions Group to serve as the exclusive provider of investigative and special investigative unit (SUI) and surveillance services to assist in exposing potential insurance fraud, according to a vendor source. The parties did not disclose the terms of the contract.

GlobalOptions will use its enhanced GlobalTrak proprietary enterprise risk mitigation and management solution as part of the service offering to ULLICO, according to the vendor. The solution offers a full suite of risk management tools, including evidence processing and management and audio and video surveillance file management. It also provides client companies with contacts and status reports in real time, allowing more efficient internal management of assignments, evidence, and reporting, according to Global Options.

"We chose GlobalOptions' Fraud & SIU division for their proven track record in helping companies manage risk and identify fraud across all areas of the insurance spectrum," says Craig Arneson, assistant vice president, operations, ULLICO. "As we cater to a specific clientele, we are especially pleased to work with the recognized leader in their field."

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