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Progressive Selects BAE Systems to Detect Fraud

The solution will be used to enhance the recognition of claims fraud in auto insurance.

Progressive Insurance has chosen to implement the NetReveal general insurance counter-fraud solution from BAE Systems Applied Intelligence. The investment will help to better identify claims fraud for personal auto insurance.

In an effort to address the increasing risk of claims fraud in the personal auto space, Progressive will integrate NetReveal’s analytical and case management capabilities into its internal systems and operations. The system’s network-based detection will also help to capture collusive activity early on in the claims cycle.  

“The deployment of NetReveal will help us more accurately identify which claims to investigate for potential fraud,” said Jeff Moore, senior process director for special investigations at Progressive, in a statement. “Our priority is to reduce the impact of insurance fraud on our customers." 

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Kelly Sheridan is Associate Editor at Dark Reading. She started her career in business tech journalism at Insurance & Technology and most recently reported for InformationWeek, where she covered Microsoft and business IT. Sheridan earned her BA at Villanova University. View Full Bio

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Nathan Golia
Nathan Golia,
User Rank: Author
9/16/2014 | 2:03:48 PM
Data leaders
Progressive has a long history of using data effectively within its enterprise — I wonder if this is a new area for the company or a refinement of legacy tools they were using in fraud detection.
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