At BAE Systems, we are helping Canadian National Insurance Crime Services (CANATICS), use sophisticated analytics in the fight against insurance crime.
CANATICS is a not-for-profit organisation focused on identifying potentially suspicious claims in insurance industry pooled data, to facilitate further investigation by individual insurers.
Watch the video to explore the CANATICS multi-year proof-of-concept, using NetReveal from BAE Systems.
NetReveal is currently fundamental to the way CANATICS detects insurance fraud in the Canadian auto industry:
- Finding patterns within distributed data from multiple carriers
- Enabling entity resolution
- Processing huge volumes of data at a fast pace, to create a true picture of what’s really happening, and understand the connections between people, places and potentially fraudulent claims
- Tracking suspicious behaviours and forwarding prioritised leads to insurers for investigation
