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Workers’ Compensation Insurance: Emerging Methods to Combat Fraud

Workers’ Compensation Insurance: Emerging Methods to Combat Fraud

Vendors can help carriers enhance their response to increasingly sophisticated fraud schemes.

Boston, September 6, 2018 – Anecdotal evidence about long-tail claim payouts for less-detectable injuries continues to proliferate, leading insurance carriers to turn their attention to combating fraud in workers’ compensation. Fortunately for insurance carriers, plenty of options for fighting workers’ compensation fraud are at their disposal.

This report details the types of fraud being perpetrated in workers’ compensation, the trends driving this fraud, and what options are available to carriers to help combat it. This report profiles BAE Systems, Betterview, Carpe Data, Delta Group, DRN, Friss, Globlue, Infinilytics, Inform, LexisNexis Risk Solutions, LTAS, MākuSafe, Neustar, PhotoFax, Safesite, SAS, Search Pros, Shift, Skopenow, TransUnion, Verisk, and Willis Towers Watson, and is based on 26 interviews conducted from March 2018 to August 2018 with executives at U.S.-based insurance carriers and vendors that fight insurance fraud in the United States and Europe.

This 41-page Impact Note contains two figures and four tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.

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