CGE&Y PARTNER WITH CARCO FOR FRAUD DETECTION TECH.

In a deal aimed at increasing the automation of CARCO Group Inc.'s (St. James, NY) fraud detection tools for easier insurance company access, global management and IT consultancy Cap Gemini Ernst & Young (CGE&Y, New York) has formed an alliance with CARCO, a provider of investigative and security-related business information services.

As part of the partnership, CGE&Y will contribute its technology expertise for the enhancement of CARCO's tools used for insurance company fraud detection. Additionally, "CGE&Y will be contributing resources from strategy and consulting to technology services," says Scott Becchi, vice president, CGE&Y's Financial Services Practice. The consultancy firm's resources will be combined with CARCO's offerings for the development of new products that will be marketed to CARCO's insurance clients, CGE&Y's insurance clients and potential insurance clients, according to Becchi.

CGE&Y, acknowledges Becchi, stands to gain from CARCO's areas of expertise. "CARCO has very specialized skills in insurance industry risk mitigation and fraud detection management" Becchi says. "CARCO will enable CGE&Y to enhance the broad services we offer to clients across the insurance industry." In addition to fraud detection tools, CARCO is a provider of employee screening services and pre-insurance automobile inspection for used cars.

According to Michael Slattery, president, CARCO Group, the partnership is a good fit because "As a result of the alliance the two companies can enhance our business interests through the cross marketing of various clients." Together the two organizations represent more than 500 insurance customers.