Shift Technology and NICB Partner to Give Insurers an Early Advantage in Detecting and Combating Insurance Fraud
BOSTON and
As a trusted authority in the detection and investigation of insurance fraud, NICB maintains extensive databases on behalf of its member companies. Under the new partnership, Shift Technology customers using the company's artificial intelligence (AI) driven claims fraud detection solution FORCE™ and who are also NICB members can now use NICB's data within their respective fraud detection models. Delivered via an automated real time feed or a batch data transfer process, this important data enables an additional level of fraud detection capabilities and insights at no additional cost.
"We see this partnership as yet another positive step in helping our members conquer the ongoing fraud challenge," noted
Shift's AI supports multiple data inputs including external third-party data sources, such as those from NICB. The ability to leverage NICB's cross industry data ensures that Shift is taking a holistic approach to the detection of fraud at both the claim and network level for its clients. NICB database assets available and integrated with Shift's FORCE include: ForeWARN Alerts, Questionable Claims, MedAWARE Alerts, and additional proprietary NICB data assets.
"We have heard consistently from our US customers that they want access to rich and deep industry wide data insights to combine with their own internal data in their efforts to combat fraud," explained
Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800-TEL-NICB (800-835-6422), texting keyword "fraud" to TIP411 (847411) or submitting a form on our website. Or, download the NICB Fraud Tips app on your iPhone or Android device.
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About Shift Technology
Shift Technology is a software solution provider with a focus on enabling insurance organizations to successfully tackle the ongoing and growing claims fraud challenge. Leveraging its expertise in artificial intelligence and insurance, Shift introduced its fraud detection solution FORCE™ in 2014 and has successfully engaged more than 50 insurers globally. To date, Shift has raised over
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