BAE Systems Detica to Work to Help Canadian Insurance Service Detect Fraud; Chris Green Comments

Bae-systems-logo_ExecutiveBiz1BAE Systems Detica has reached an agreement with the Canadian National Insurance Crime Services to investigate auto insurance claims in an effort to help detect and prevent financial fraud.

Detica will work with not-for-profit CANATICS to identify potential insurance claims fraud by using analytical tools and to probe individual insurers, BAE Systems Detica said Wednesday.

Chris Green, managing director of financial crime at BAE Systems Detica, said the company intends for the partnership to help the Canadian insurance industry counter fraud.

CANATICS will use Detica’s NetReveal anti-financial crime technology to automate risk scoring and expose fraudulent activities.

NetReveal is built to combine data from multiple sources for a centralized view of fraud patterns, as well as to consolidate predictive analytics and social network analysis.

CANATICS is commissioned for a 5-year service and initial target for fraud detection is Ontario.

Check Also

Bill Beard SVP Vertex Aerospace

Bill Beard Promoted to Corporate Operations & Strategy SVP at Vertex Aerospace

Bill Beard, former interim senior vice president of corporate business operations and development at Vertex Aerospace, has been promoted to SVP of corporate operations and strategy.


Carahsoft, GitLab Partner to Offer Agencies DevSecOps Platform via AWS Marketplace

Carahsoft Technology has agreed to offer GitLab's suite of DevSecOps tools to government organizations through Amazon Web Services' cloud marketplace and helped launch a product and training package as part of the partnership


QTS Receives EPA Recognition for Energy Procurement Approach

QTS Realty Trust has won a Direct Project Engagement award from the Environmental Protection Agency for the data center services provider's practice of sourcing renewable electricity to power its operations.