Progressive Insurance has adopted BAE Systems‘ anti-fraud technology in an effort to identify potentially fraudulent activities in personal auto insurance claims.
The insurance company will incorporate the BAE Systems Applied Intelligence-built NetReveal insurance counter-fraud tool for internal systems and operations, BAE Systems said Monday.
“Our NetReveal solution will help Progressive with evaluating the risk of claims throughout the lifecycle, reducing fraud leakage on a pre-payment versus post-payment basis,” said Jim Anderson, president of the Americas at BAE Systems Applied Intelligence.
Progressive Insurance will use NetReveal’s network analytics and case management system in an effort to detect potential fraud earlier in the claims lifecycle.
“The deployment of NetReveal will help us more accurately identify which claims to investigate for potential fraud. Our priority is to reduce the impact of insurance fraud on our customers,” said Jeff Moore, senior process director for special investigations at Progressive.