Data analytics is a powerful tool in the fight against fraud, and the Canadian auto insurance industry has a powerful ally in that regard.
In an interview with Property Casualty 360°, Chris McKibbin – a partner in the fraud investigation, recovery and enforcement practice group for Blaney McMurtry LLP – said that data analytics can result in efficiency gains across multiple carriers, citing how the Insurance Bureau of Canada (IBC) is working with a non-profit that handles all the analyzing: Canadian National Insurance Crime Services (CANATICS).
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