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Fraudulent claims are an ever-present threat to the insurance industry. Their impact on the market regularly forces insurers to drive up premiums in order to remain competitive. About 40% of respondents in a recent Ernst & Young survey indicated that there has been a rise in insurance fraud cases during the last one year and around 50% of respondents expressed the need for increased and more stringent anti-fraud regulations in the area of claims or surrender.
The DeNovius (tec) solution can reverse this trend and allows insurance organisations to automatically detect fraudulent threats early and take pro-active action to prevent their impact. Based on behavioural science insights and sophisticated information technology, this solution delivers measurably higher returns on your investment in fraud investigation.
DeNovius (tec) functional capabilities include:
DeNovius’ ability to embed pro-active fraud detection in operational risk management workflow processes assists skilled investigators to dramatically reduce the number of fraudulent claims and the impact they have on customers.
This can result in more competitive premium structures, higher customer satisfaction and significant reduction of fraud related cost.
For more information about DeNovius (tec) please click here
1800 111 110
Gratex International, a.s.
GBC IV, Galvaniho 17/C
Australia and Asia Pacific Office:
Lakes Business Park
Level 1, 2A Lord Street
Botany, NSW 2019
Tel: (02) 8335 1100
Fax: (02) 8335 1190