Fraud Detector

What does Fraud Detector do?

Fraud Detector is powered by data. Lots of it. As a law firm that specialises in insurance, we have access to multiple sources of data points – from our own sources, from other insurers, and from the wider industry.

Kennedys IQ Platform, our AI ‘brain’, captures and analyses all of that information to look for potentially fraudulent claims. It verifies claimant data to build a detailed picture of the people involved and their connections. For example, it can spot whether people are putting in multiple claims – either with you, or across multiple insurers. Or it can even search for connections and relationships between people, both directly and indirectly linked to the claims. It can then help you determine whether claims are legitimate, based on the risk profile of your claims and your business.

And, if you use Portal Manager to manage claims Fraud Detector will provide real-time fraud risk assessment that is presented against each claim. So you’re more likely to spot potential fraud from the outset and throughout the
life of the claim.

Fraud Detector augments human intelligence to create smarter rules. Our lawyers know about insurance and fraud, so they set the rules, then Fraud Detector challenges and verifies those rules. It can also look for patterns in the data that a human wouldn’t spot, which could lead to new rules. If the data suggests the rules are correct, Fraud Detector will flag it up to you. It’s a constant process of analysing and refining, to minimise your exposure to fraud.