SIUs use vehicle location sightings to detect occupancy fraud. When a surprising number of people report an ambivalence toward insurance fraud, and even view it as a “harmless crime,” it’s easy to see why insurers across all industries continue to grapple with fraud. Take occupancy fraud for instance. You say
Personal rate evasion and fraud causes higher insurance rates for all but vehicle location data helps to investigate. When discussing garaging issues, the focus of the conversation is usually around garaging fraud. But that is really a misnomer. It probably should be more broadly referred to as garaging issues or
Since joining DRN, I have reached out to the SIU community to learn how they use our SIU platform, Event Links, powered by DRN’s vehicle location data and analytics. And what I learned was eye opening. These highly skilled SIU investigators have that keen sense of the detective in them.
The surprising truth about commercial auto fraud and how vehicle location data helps carriers capture premium leakage. Insurance agents and policyholders alike know the easiest route to lower premiums on commercial auto policies is through Zone, Radius, and Final Build. Think about it, using current systems and technology carriers are
The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics
Vehicle location data offers new insights for uncovering commercial use of a personal vehicle. Insurance carriers know that commercial use of a personal vehicles happens. And, they know the numbers: Rating issues like commercial use cost the industry over $16 billion a year in loss premiums. Yet carriers tell me
How to use vehicle location data to pinpoint garaging fraud. So the address on insured’s policy is in one state but they actually live in another state that has higher rates. No big deal right? In fact, many would argue that garaging fraud is a “victimless crime.” But, carriers know
How just a few minutes and vehicle location data from DRN added up to $24,000 saved for one insurance company. We all have them, those moments when the light bulb just goes off in your head and you see possibilities where before there were none. That’s just what happened for
Vehicle sightings put the brakes on pre-existing damage claims. At least 10% of property and casualty claims are fraudulent, and the public is paying for it to the tune of $30 billion per year. In 2015, Texas alone reported 13K fraud reports worth over $8 million dollars. Among the many
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases
SIUs use vehicle location sightings to detect occupancy fraud. When a surprising number of people report an ambivalence toward insurance fraud, and even view it as a “harmless crime,” it’s easy to see why insurers across all industries continue to grapple with fraud. Take occupancy fraud for instance. You say
Personal rate evasion and fraud causes higher insurance rates for all but vehicle location data helps to investigate. When discussing garaging issues, the focus of the conversation is usually around garaging fraud. But that is really a misnomer. It probably should be more broadly referred to as garaging issues or
Since joining DRN, I have reached out to the SIU community to learn how they use our SIU platform, Event Links, powered by DRN’s vehicle location data and analytics. And what I learned was eye opening. These highly skilled SIU investigators have that keen sense of the detective in them.
The surprising truth about commercial auto fraud and how vehicle location data helps carriers capture premium leakage. Insurance agents and policyholders alike know the easiest route to lower premiums on commercial auto policies is through Zone, Radius, and Final Build. Think about it, using current systems and technology carriers are
The Facts Don’t Lie Like most B2B businesses, DRN solves problems for our customers. And by solving these problems, we do more than just drive revenue and results, we create a bigger impact. That impact touches anyone that drives a car and has an insurance policy. Our data and analytics
Vehicle location data offers new insights for uncovering commercial use of a personal vehicle. Insurance carriers know that commercial use of a personal vehicles happens. And, they know the numbers: Rating issues like commercial use cost the industry over $16 billion a year in loss premiums. Yet carriers tell me
How to use vehicle location data to pinpoint garaging fraud. So the address on insured’s policy is in one state but they actually live in another state that has higher rates. No big deal right? In fact, many would argue that garaging fraud is a “victimless crime.” But, carriers know
How just a few minutes and vehicle location data from DRN added up to $24,000 saved for one insurance company. We all have them, those moments when the light bulb just goes off in your head and you see possibilities where before there were none. That’s just what happened for
Vehicle sightings put the brakes on pre-existing damage claims. At least 10% of property and casualty claims are fraudulent, and the public is paying for it to the tune of $30 billion per year. In 2015, Texas alone reported 13K fraud reports worth over $8 million dollars. Among the many
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases