Verisk announced two new collaborations with insurance technology companies designed to bolster fraud detection and analysis in the insurance claims process. FRISS and Globlue Technologies will join the Verisk Claims Solutions ecosystem by integrating with Verisk'sClaimSearch platform, which includes the world's largest property and casualty (P&C) claims database containing over 1.7 billion claims from throughout the U.S. Verisk?s ClaimSearch platform plays a crucial role in combating the estimated $309 billion annual toll insurance fraud imposes on American businesses and consumers by providing P&C carriers with access to claims data, advanced fraud detection and investigative analysis tools. The platform connects more than 200,000 professionals from carriers, regulatory agencies, law enforcement and claim service providers.

Strengthening the P&C Anti-Fraud Ecosystem The ClaimSearch Partnership enables insurance technology providers to integrate with the ClaimSearch platform, allowing insurers to select the technology that best fits their individual business needs. The integration will facilitate advanced fraud analysis and detection, including more complex scoring and triaging to improve decision-making. Additionally, it eliminates the manual fraud detection process, saving valuable time and reducing operational costs for end-users.