As an insurance agency, it’s important that you protect yourself and your clients against fraudulent claims. There are many ways fraudulent claims can pop up; you may have an individual who submits a fraudulent claim, a hospital that submits a fraudulent treatment, or an individual who’s pretending to be someone else to claim certain benefits. It’s important that you protect your agency from fraud. Here are a few ways Tracers can help.

Access information in your preferred manner with the best software for insurance companies

There are many ways in which you might want to access information about people. That’s because different methods of information access work best for different companies. You might want to utilize one of these methods of accessing information:

• Batch processing.
• API.
• Individual searches.
• Searching through partners.

Depending on your individual needs, you could need one or more of these options in your insurance agency. Whether you need information in batches because you run hundreds of searches per day or you need API so you can search from your own framework, Tracers allows you to search in the way that works best for your needs.

Uncover evidence of connections and identity for your insurance fraud investigation

Uncovering connections is an important part of understanding claims. For example, if someone has familial ties to a company that’s filing a number of insurance claims on their behalf, you may be right to be suspicious of some of these claims. That’s why you need to get information about relationships when you’re looking through flagged claims.

It’s important for you to have this information when you start to sort through claims so you can determine whether those claims are genuine or not. Familial connections can help you uncover false claims, verify individuals’ identities, and generally run your agency more effectively.

Cross-reference information from other industries

Cross-referencing information is one of the most important things you can do when you’re looking into potential insurance fraud, whether it comes from putting in untruthful claims or from full-fledged identity fraud. You need to get information from other industries. That’s why Tracers covers a wide variety of industry information, including information from these industries:

• Collections.
• Financial services.
• Government.
• Law enforcement.
• Licensed investigators.

When you’re looking for additional information on an individual, you might need to look into unexpected locations. That includes information from industries that you might not think of at first. With a full profile of an individual from Tracers, you can gain access to all the information you need to make a decision.

Prevent fraud before it happens with an insurance fraud investigation software

When you’re trying to avoid insurance fraud, the best option you have available is to stop it at the source. That means you have to prevent fraud before it happens, which often means performing background investigations and verifying identities with data prefill from the beginning.

Mitigating corporate risk for your insurance agency shouldn’t be about chasing down fraud after it happens. You should commit at least some of your company’s time and energy to setting up a system that can help you verify claims more easily. Tracers gives you the tools you need to do that.

What types of data can Tracers provide insurance agencies?

An important thing to pay attention to is the types of data you can get when you go through investigations. Tracers offers many types of tools you can utilize for your investigations, including:

• Motor vehicle data.
• Address history.
• Skiptracing services.
• Telephone and cellphone history.
• Relatives, neighbors and roommates.
• Business relationships.
• Bankruptcy and judgment records.
• Criminal history.
• Assets.

With all this information, it’s easier to uncover fraud and avoid fraud happening in the future. Tracers pulls information from over 120 billion records, sourced from over 6,000 locations. That means you can rely on the information Tracers provides every time you look into another case. When you’re looking for a way to maximize your insurance agency’s efficacy, you should use Tracers data.

More information

What is insurance fraud investigation software?

As an insurance agency, it’s important that you protect yourself and your clients against fraudulent claims. There are many ways fraudulent claims can pop up, and insurance fraud investigation software allows you to research claims more thoroughly in order to protect your agency from fraud.

What do I need to access insurance fraud investigation software?

If you’re an insurance agency looking to protect yourself from fraud, you can access an insurance fraud investigation software that pulls data from a wide variety of industries and cross-references it with other sources. You can access information with numerous methods, and choose the one that works best for your agency.

What does insurance fraud investigation software reveal?

Insurance fraud investigation software allows you to set up a system for flagging claims and research them more thoroughly once they’ve been flagged. Specifically, insurance fraud investigation software can reveal familial connections, background information, contact information, and public records that can help you verify someone’s identity.

How can I get started with using insurance fraud investigation software on my own?

To get started performing thorough insurance fraud investigations, you should use insurance fraud investigation software like Tracers. Tracers pulls information from over 120 billion records, sourced from over 6,000 locations, which means you can rely on the information Tracers provides every time you look into another case.