The Life and Pensions industry is undergoing a radical change. Driven by the needs of customers and suppliers, most Life and Pensions providers are looking to adapt quickly and flexibly while still complying with the spirit and the detail of highly complex financial regulations.
Protecting your organisation from a range of threats and the impact of financial regulations are key challenges when all customers and suppliers need to be treated fairly. However, using the latest technology to manage intelligent targeting can provide insurance organisations with a risk management solution that is accurate, scalable and transparent.
The Detica NetReveal® enterprise fraud risk management solution uses advanced predictive analytical techniques. It is capable of analysing billions of data records, across multiple business lines, brands and channels simultaneously and in real-time. It can reveal hidden relationships between people and data to uncover fraudulent activity, identify and prioritise suspicious behaviours or activities and manage investigations in different territories where different legislation, regulations, currencies and language may apply. As a result, Detica NetReveal® can deliver the following benefits:
a return on investment greater than 30:1;
reduced false positive rates, enabling hit rates in excess of 50 per cent;
identification of money laundering networks across multiple brands and territories;
highlight attempted account take-over attacks;