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Podcast of the Month: Uncovering a $230m Fraud
Sergei Magnitsky was a tax advisor tasked with investigating an audacious crime of fraud in Russia. What he discovered went all the way to the highest levels of the Kremlin and implicated police and officials in the biggest tax fraud case in Russian history involving $230 million. And the cost of this discovery was his…
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📢 Recognition from market leading analyst firm Aite 📢
In their latest vendor report on anti-fraud technologies in the insurance sector Aite have recognised Quantexa as a leader in this space, especially due the flexibility and scalability to support larger, more diverse and multi-line insurance companies. Examples of this include: "One of the key differentiators for Quantexa…
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KPMG Financial Crime Report
Financial crime has become one of the most significant risks faced by financial institutions and global economies. Almost all criminal activities committed globally are profit driven. Most, if not all, of these involve some form of financial crime, including money laundering. You'll want to check out this very informative…
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UK Sky Media moves into home insurance
The aim for a lot of insurers is to move into connected insurance. Sky Media (a broadcaster / media company in the UK) is moving into selling Home Insurance which will be underwritten by Zurich. Sky has also purchased Neos from Aviva - this smart home technology whilst unknown actually boosted home insurance products for…
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What does the cost of living crisis mean for insurance?
We have spoken a lot about how fraud will increase claims leakage, but when speaking with a CTO yesterday of an insurer, they gave me some insight I hadn't considered. Where before some people may not have decided to claim for something, the hassle may not have been worth it- he said insurers will now see much more of…
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Is insurance fraud getting displaced?
As we talk to insurers globally, one trend that we are seeing more and more is that fraud is getting displaced to other lines of business away from the traditional lines of motor and property. For example - during the COVID pandemic, in the UK when individuals / businesses had their claims refused for business…
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Hidden Costs of Fighting Insurance Fraud
I've been involved in fighting insurance fraud for 25 years, and without a doubt the most asked question I have been asked is "what is the cost of insurance fraud." It is a complicated question to answer and even the best research and the top fraud fighting organizations have a hard time coming up with a precise number.…
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Quantexa at Insurance Times Awards! - Speak with our team
Excited that Quantexa is a Claims Fraud Finalist and will be participating in the Insurance Times Awards on Thursday - December 8th - Grosvendor House London. Will you be attending? Reach out and schedule time to speak with our attendees from Quantexa if so: Alex Johnson - alexjohnson@quantexa.com Areefih Ghaith…
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🏆 It's official we won at the Insurance Times Awards 2022! 🏆
We are really pleased to announce this win which is a testament to the effort, teamwork and innovation that is happening at Quantexa within the insurance sector. It is amazing to hear what the judges had to say about our work at Quantexa and to be recognised for the impact we are having on insurance company's loss ratios,…
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The limitations of standard MDM
I've been discussing this with a collogue of mine earlier today, and I came up with the following list: Increased interest of “transactional” style MDM rather than traditional “registry” style MDM Adoption of specialized units/teams at organization to look after “single view”, often under different names of MDM like One…