One Call Insurance Increases Fraud detection with ThreatMetrix
One Call Insurance is one of the largest independent insurance brokers in the UK. Founded in 1995, One Call Insurance hit the 500,000 customer milestone in 2018, writing millions in gross written premiums. It was experiencing a wide range of fraud, such as ghost brokers and organized fraud rings.
When One Call Insurance switched to LexisNexis ThreatMetrix, One Call Insurance was able to leverage global shared intelligence relating to an applicant's true digital identity.
With LexisNexis® ThreatMetrix®, One Call Insurance was able to:
- Increase the fraud detection rate by approximately 60 percent compared to the incumbent device-based fraud solution.
- Earn the reputation as one of the top anti-fraud brokers in the UK.
- Have a more proactive, streamlined approach to detecting high-risk cases.
- Reduce exposure to third-party liability on fraudulent policies, as well as reduction in fraud losses from false claims.
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