05 / 22 / 2018

Regardless of the Geography, Effective Travel Fraud Detection Can Add Millions to an Insurer’s Bottom Line

Looking at claims loss alone, it’s realistic for insurers to expect an incremental 2 percent improvement through effective travel fraud detection. For an insurance company handling a million claims annually, that can mean a bottom-line gain of $4 million to $6 million, enough money for two hundred people to travel around world for an entire year!