For auto insurance companies, protecting their bottom line is paramount to ensure successful operations and fair premiums for their policyholders. Which is why understanding garaging misrepresentation, one of the main issues plaguing these companies and costing close to $2.9 billion*, is vital in order to craft effective strategies to combat it.
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction: License Plate Recognition (LPR) technology has become a vital tool in various industries, ranging from insurance fraud detection, repossession, vehicle safety recalls, opt-in commercial marketing, retail crime prevention and beyond. This revolutionary technology uses AI to read and analyze plate information. LPR recognition technology is an innovative tool that,
Introduction Insurance fraud has become a colossal challenge plaguing the insurance industry. According to the Coalition Against Insurance Fraud, roughly $45 billion dollars in losses happen annually in the property and casualty sector. Combatting insurance scams demands cutting-edge technologies and advanced data analysis techniques. Enter License Plate Recognition (LPR) data—a
For auto insurance companies, protecting their bottom line is paramount to ensure successful operations and fair premiums for their policyholders. Which is why understanding garaging misrepresentation, one of the main issues plaguing these companies and costing close to $2.9 billion*, is vital in order to craft effective strategies to combat it.
Introduction Approximately 70 million Americans have debt in collections – and roughly only 20% of that debt is recovered. Mitigating risks and staying on top of delinquent accounts is more critical than ever before in the debt collections industry. License Plate Recognition Technology is an OCR “Optical Character Recognition” technology
Introduction: License Plate Recognition (LPR) technology has become a vital tool in various industries, ranging from insurance fraud detection, repossession, vehicle safety recalls, opt-in commercial marketing, retail crime prevention and beyond. This revolutionary technology uses AI to read and analyze plate information. LPR recognition technology is an innovative tool that,
Introduction Insurance fraud has become a colossal challenge plaguing the insurance industry. According to the Coalition Against Insurance Fraud, roughly $45 billion dollars in losses happen annually in the property and casualty sector. Combatting insurance scams demands cutting-edge technologies and advanced data analysis techniques. Enter License Plate Recognition (LPR) data—a