Huatai Insurance Chooses FICO Insurance Fraud Solution to Fight Mounting Auto Insurance Fraud and Streamline Claims Process
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In 2011,
FICO's predictive analytic models help uncover fraud early in the process, analyzing claims as they are submitted and identifying potential fraud before payments are issued. At the same time, a link analysis tool uncovers patterns between claims indicating that the fraud may be the work of an organized criminal ring. By pinpointing fraud more precisely and minimizing "false positives" (legitimate claims singled out for fraud review), FICO's solution enables
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"Fraud is both costly and disruptive, and will likely escalate as
Established in 1996,
About FICO
FICO (NYSE: FICO) delivers superior predictive analytics solutions that drive smarter decisions. The company's groundbreaking use of mathematics to predict consumer behavior has transformed entire industries and revolutionized the way risk is managed and products are marketed. FICO's innovative solutions include the FICO® Score — the standard measure of consumer credit risk in
For FICO news and media resources, visit www.fico.com/news.
Statement Concerning Forward-Looking Information
Except for historical information contained herein, the statements contained in this news release that relate to FICO or its business are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially, including the success of the Company's Decision Management strategy and reengineering plan, the maintenance of its existing relationships and ability to create new relationships with customers and key alliance partners, its ability to continue to develop new and enhanced products and services, its ability to recruit and retain key technical and managerial personnel, competition, regulatory changes applicable to the use of consumer credit and other data, the failure to realize the anticipated benefits of any acquisitions, continuing material adverse developments in global economic conditions, and other risks described from time to time in FICO's
FICO and "Make every decision count" are trademarks or registered trademarks of
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The Independent Weekly, Durham, N.C., Bob Geary column [The Independent Weekly, Durham, N.C.]
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