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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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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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🏆 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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Will claims inflation affect underinsurance?
The market is in a difficult place. It feels like claims inflation for the
insurance companies I speak to is getting out of control. Not only does this
mean claims that were priced for a few months back could be +20% more costly,
thus affecting a carriers bottom line, it also means that pricing models
which had been…
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Challenger Insurers & the lemonade factor
Lemonade have posted their Q3 results with a net loss creeping towards $100m, a **** loss ratio of 94% counteracted by a 70% increase in GWP and premium in-force. It shows how much attention is being paid on customer growth vs customer risk & claims costs. I am not looking to question the strategy but is that the right…
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Why are networks so important in financial crime?
A question I get asked quite often is "why are networks so important in identifying financial crime?" Organised criminals have learnt to attack weaknesses in claim/application/quote systems to generate high value low-risk income. Often, legitimate identities are hijacked or bogus ones are created and typically these…