The iFraud Defense Database
Stakeholder collaboration is the key to success in the fight against insurance fraud. Whereas, the unified stakeholders are the warriors, the iFraud Defense Database is both the proactive shield of defense and the sword in battling the Fraudemic.
This proprietary tool offers advanced features designed to revolutionize the fight against insurance fraud. With features such as its master search query, powered by generative AI capabilities, it enables stakeholders to uncover insights and connections with unparalleled speed and precision.
Perhaps most importantly, the database breaks through the limitations of single-carrier or employer silos, offering a comprehensive, industry wide view. Empowering subscribers to detect and address fraud schemes that span multiple stakeholders, fostering a collaborative and proactive approach to fighting and preventing fraud.
Defense Database Features
Connect The Dots - Discrepancy Notifications
Enhanced and robust metrics of historical and current data, provides a deeper, more accurate analysis, enabling subscribers to measure impacts, identify trends more efficiently and with iFraud's Discrepancy Alerts assist to proactively identify potential fraud. Employers, Defense Counsel, Carriers and Brokers are empowered with a powerful proactive tool that provides objective data to be used in the fight.
Create Powerful Actions
Working collaboratively among stakeholders is essential in taking decisive action against entities involved in insurance fraud. By sharing data, and insights we can identify patters of fraudulent behavior more effectively and hold bad actors accountable. A unified approach amplifies the impact of anti-fraud measures, deterring potential offenders and disrupting organized schemes that exploit the system.
Legal & Jurisdiction Analytics
By aggregating data from settlements to jurisdictional histories, we gain valuable insights into patterns and trends that can inform strategy. Understanding historical settlement amounts and associations with third-party litigation funding programs helps us to combat the issue. While jurisdictional histories reveal tendencies of specific courts and judges. This integration helps us to level the playing field.