Canadian Underwriter
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CGI and SAS team up to launch fraud detection service for P&C insurers


November 4, 2011   by Canadian Underwriter


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CGI Group Inc. has developed a service, powered by SAS, that is designed to assist Canadian property and casualty insurers detect insurance fraud.
The fraud detection solution will provide participating insurers with access to a service that leverages policy and claims data hosted by and managed by CGI and employs SAS fraud detection technology, including social network analysis, predictive modelling and anomaly detection, a CGI release says.
“This combination of existing data from participating insurers and an advanced software framework will produce a composite fraud score that can be used fully and consistently across the insurance value chain – from policy inception to claim,” the release continues.
The service will tie in with insurers’ existing data infrastructures and integrate into the claims and underwriting processes, while providing hands-on visual tools, such as fraud risk scores, dashboards, network link analysis and automatic archiving of data-relationship rules.
“It is truly staggering the extent to which crime rings are at the heart of auto insurance fraud in Canada,” said Carl Farrell, executive vice president of SAS Americas.
“This alliance will combine cutting-edge technology with rich historical data to give Canada’s insurers a more accurate picture of fraud and the crime rings they are up against.”


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