Fraud Detection Framework Added to ISCS's SurePower Innovation Claims
New Claim Functionality for Modern Enterprise Suite Helps Insurers Reduce Fraud Costs Through Early Detection
(firmenpresse) - SAN JOSE, CA -- (Marketwired) -- 09/12/13 -- is pleased to announce that fraud detection enhancements to the claims component of the company's industry-proven, modern enterprise suite, , are now available through the latest product release, version 3.0.6.
"Claim management is an expensive process for insurers made further complicated by an increase in the frequency and severity of fraud over the last several years," said Doug Moore, CTO for ISCS. "Any steps we can take through SurePower Innovation to help insurers alleviate costs associated with claims and fraud are certain to be beneficial and well-received by ISCS customers."
The new fraud detection framework added to SurePower Innovation Claims includes:
Rule-based ranking of the probability of fraud for a specified claim;
The ability for users to add company-specific rules to the framework; and
Alert creation for potentially fraudulent claims as they are adjusted and paid.
ISCS's enhancements to the fraud detection framework of SurePower Innovation Claims also make the creation of a fraud score possible. This means that during the evaluation of an actual claim, a claimant or policyholder's fraud score is calculated based on many factors, including how many claims were made against the related policy in the last 12 months and the dates of the claims.
Recently, ISCS's SurePower Innovation Claims was highly-rated in a Celent report for the solution's "level of functionality, usability and configurability." SurePower Innovation Claims, like other modules within the SurePower Innovation suite, can be implemented independently or as a suite, and is offered as a complete managed SaaS solution in the cloud via the ISCS SurePackage™ deployment option.
ISCS is the developer of SurePower Innovation®, a highly-scalable, configurable modern enterprise suite that mitigates risk and increases business agility for property and casualty (P&C) insurance organizations writing personal, commercial and specialty lines. Through SurePower Innovation, ISCS leverages the latest technology to automate policy, billing, claims, underwriting, reinsurance, insurance accounting, payables, document management, producer/commission management, agent/consumer portals and more. SurePower Innovation modules can be implemented independently or as a suite, and can be delivered as a complete managed SaaS solution via the ISCS SurePackage deployment option, allowing insurers to focus on the business of insurance.
Jennifer Overhulse
St. Nick Media Services
(859) 803-6597
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Datum: 12.09.2013 - 15:15 Uhr
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