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How to address the threat of identity-related fraud for personal lines carriers
May 30, 2023, 9:53 p.m. | Joel R. McConvey
Biometric Update www.biometricupdate.com
A new research study from LexisNexis Risk Solutions says identity-related fraud in the claims process is one of the biggest challenges facing personal lines carriers in the insurance sector.
Entitled “Detecting the Undetectable: What personal lines carriers are doing to tackle digital identity fraud in claims”, the study is based on a survey of the top 50 carriers in the U.S. It makes the case that some identity-related fraud has become sophisticated enough to avoid detection. Synthetic or stolen IDs …
address biometric-authentication biometrics market reports biometrics news carriers challenges claims digital digital-identity doing financial services fraud fraud prevention identity identity verification insurance lexisnexis lexisnexis risk solutions personal process research risk sector solutions study threat undetectable
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