SG URALSIB, SAS and I-Teco protected clients from swindlers

For protection of business and the clients the SG URALSIB was implemented in February, 2015 by SAS Fraud Framework for Insurance, the complete analytical solution for counteraction to fraud. In the Russian insurance market the similar project is implemented for the first time, it became possible thanks to experience of project teams of I-Teco and SAS Russia/CIS.

According to the experts, in 2012-2014 fraud volume in Russia increased twice, having reached 30% of payments in popular types of insurance: CMTPL, COMPREHENSIVE INSURANCE, credit insurance and insurance of the real estate. On the volume of damage "professional" swindlers who plan an insured event in advance, and by the number of statements – the "spontaneous", slightly juggling incident facts are in the lead. At the same time 44% of respondents of the National agency of financial studies do not consider crime falsification of insured events.

Modern technologies are necessary for fraud prevention: according to SAS expert center, without specialized solutions of the company fix no more than 25% of cases of fraud. "In car insurance we will use SAS Fraud Framework for Insurance. The SAS Russia/CIS presented the best solution: a set of analytical tools and also examination of vendor and the contractor completely correspond to our requests", – Ivan Shornikov adds.

SAS Fraud Framework reveals signs of fraud at signing of the contract and settlement of insured events. The hybrid approach combining expert rules, statistical techniques, monitoring and the detector of anomalies, forecast modeling, the analysis of unstructured data and social communications of the client is for this purpose used. Analyzing a specific case, employees of SG URALSIB will receive the information about the client in the single interface: circle of contacts, history of its car, circumstance of road accident. A system provides a possibility of processing of historical data for the last three years. Complex approach to the analysis will provide the accuracy of assessment of requests and will minimize the probability of false alarm.

"Spontaneous" swindlers think that they deceive the company, and actually deceive themselves. The wave of fraud forces insurers to increase the budget by analytics and activity of a security service. It affects fair clients: time of consideration of requests for the policy, settlements grows, rates are adjusted, – the deputy CEO of SG comments on URALSIB Ivan Shornikov. – We appreciate responsible clients therefore made the decision to invest in deployment of an end-to-end analytical system that they had not to overpay because of swindlers".

"The SAS Fraud Framework software product is successfully applied more than ten years in the largest banks and insurance companies worldwide, – the director of work with the financial sector of SAS Russia/CIS Yuli Goldberg tells. – Last year the first successful implementations of this solution in large financial institutions of our country where it showed good results, both in fraud identification, and in the field of the organization of process of internal investigation and preparation of materials for transfer to law enforcement agencies took place".

"As SAS Fraud Framework for Insurance for the first time is implemented in domestic insurance market, for implementation of the sign project we created a separate team of the best specialists of I-Teco. During the project employees will receive excellent skills in the field of deployment and adaptation of this innovation product to requirements of the Russian clients, – Pavel Zubkov, the deputy CEO, the director of the department of work with financial institutions of I-Teco company emphasizes. – Are sure that this reference implementation will enrich professional examination as directly colleagues from insurance company, specialists of our division and company in general".

Representatives of the company integrator reported TAdviser.