XTN Cognitive Security helps insurance companies combat the growing threat of fraud in the digital age. As insurance-as-a-service continues to expand, fraudsters are increasingly exploiting digital channels, making insurers more vulnerable to fake accounts and manipulated policies.
From verifying applicants’ financial profiles to detecting fraudulent claims, XTN provides real-time solutions to protect insurers from both opportunistic false claims and complex, organized fraud schemes. By implementing robust fraud prevention strategies, insurers can secure operations, maintain customer trust, and reduce exposure to fraud risks.
To effectively safeguard their operations, insurers must focus on key protection goals that address the most vulnerable areas prone to fraud. These goals include securing quotes and policies, managing accounts securely, and protecting claims from manipulation. By setting clear strategies for each of these areas, insurers can proactively mitigate fraud risks, ensure data integrity, and maintain customer trust throughout the entire insurance lifecycle.
Insurance companies face a range of fraud risks that can severely impact their operations and reputation. Key use cases include Insurance Policy Fraud, where fraudulent policies are created or manipulated, and Ghostbroking, where fake insurance brokers sell fraudulent policies to unsuspecting customers.
Digital fraud and cyber threats can impact Insurance by:
• Financial loss
• Reputational damage
• Increased premiums
Have any question? We’d love to hear from you.
Copyright © XTN Cognitive Security S.r.l. 2024
Rovereto – Padua – Milan
New York
All Rights Reserved
VAT ID / P.IVA IT04395340286
REA TN – 201845
Share capital 10,000 €
XTN Cognitive Security’s “Information Security Management System” is ISO/IEC 27001:2022
XTN Cognitive Security's information security management system is ISO/IEC 27001:2013
