Geographic intelligence and fraud

Ordnance Survey’s extensive portfolio of geographic data is key to integrating systems for screening, validating and investigating potentially false claims. It can also assist in demonstrating that you are using all means available to meet any future guidelines that the FSA may set.

Combining your own and third party information with our location data can give you greater confidence in analysing, highlighting and preventing fraudulent claims and help reduce potentially fraudulent policy applications. The ability to drill down to an individual address level in the data enables you to accurately locate claimant, witness and third party addresses in addition to the claim location and investigate the relationship between them.

Your fraudulent claims experience can be analysed in detail geographically to provide further insight. It can then be compared to your full claims experience on a national basis to identify trends, hotspots and patterns to help ensure your anti-fraud strategy is targeting the correct areas. This information can be used to refine your underwriting policies to counter the effect of fraud.

Geographic data also provides the platform for greater data sharing between insurers and their relevant business partners, and between the relevant industry bodies in the fight against fraud.

You can model combined data to give a clear and detailed view of circumstances surrounding a potentially fraudulent claim from your desktop. Information can be queried and analysed more quickly and flexibly, reducing the time taken to evaluate, settle and repudiate claims and fraud data.   
  
Benefits to your business:

• Identify trends, patterns, relationships and anomalies in claims
• Detect, investigate and prevent the settlement of fraudulent claims
• Improve your loss ratio by repudiating fraudulent claims
• Provide a more competitive service by speeding up claims handling
• Prevent potentially false policy applications
• Pinpoint fraud hotspots
• Reduce the need for lengthy site visits
• Improved intelligence through better data sharing
• Improved counter fraud underwriting policy.