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…
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…
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,…
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…
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…
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…
In today's ever-evolving financial landscape, staying ahead of risks and maintaining a comprehensive understanding of your customers is more critical than ever. Perpetual Know Your Customer (pKYC) is not merely a buzzword; it's a transformative approach that empowers financial institutions to continuously monitor…
The Quantexa Community is here to support and enhance your Quantexa journey and we want you to be able to make full use of the Community capabilities. To help you on your way, we (the Community Team) host monthly sessions to show you around the Community, highlighting useful features and where you can find resources. What…
Join Accenture | Google Cloud | Quantexa for our onsite Chicago event. - Operating in a contextual next-gen (AI) insurance marketplace. Received practical guidance on how to grow quickly but stably and how to optimize your core business for tomorrow's future insurance market. Event will conclude with Demos, Networking &…
The Financial Crime Summit is where leading practitioners from the world’s leading banks and other financial institutions meet with regulators, consultants and solution-providers to discuss the future of combatting financial crime.