Paris, Boston & London, February 16, 2021
Shift Technology and CRIF collaborate in the fight against insurance fraud in the UK
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced it has collaborated with CRIF Decision Solutions Ltd., leader in information services, fraud prevention and digital solutions. As a result, Sherlock solution will be made available to MIB CUE (Claims and Underwriting Exchange database) members via Shift’s Fraud Detection and Prevention solution.
CRIF’s Sherlock is designed to deliver counter-fraud intelligence to investigation teams. Sherlock cross-searches millions of aggregated records in real time, creates an immediate profile of customers and highlights the potential risk involved helping maximize time and resources.
By consolidating several data sources, Sherlock already supports approximately 100 UK insurers in streamlining their investigation processes, delivering operational efficiencies, and reducing the time to collect and integrate key information. These rich fraud intelligence data from Sherlock are now available to MIB CUE members via Shift to strengthen claims fraud detection analysis, increasing overall accuracy and uncovering organized fraud networks.
Read more on crif.co.uk