Nationwide partners with Verisk Analytics on insurance fraud

Nationwide has implemented Verisk Analytics' ClaimDirector software to fight policyholder insurance fraud.

The vendor’s technology searches for indicators as first notice of loss information comes in, giving user access to a business intelligence dashboard, interactive prior loss timeline and triage page in the process, according to the companies.

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A worker stands on the roof of an house damaged by the 2011 earthquake and tsunami in Namie, Fukushima Prefecture, Japan, on Wednesday, Oct. 5, 2016. Namie, one of the communities hardest hit by the 2011 disaster, had 21,000 residents before they fled radiation spewing from the reactors eight kilometers (five miles) away. Photographer: Noriko Hayashi/Bloomberg

"We wanted accurate and timely identification of potentially fraudulent claims through an objective and consistent approach," says Lynne Brady, Nationwide's vice president of external fraud, in a statement.

The announcement also follows Nationwide’s agreement with telematics provider TrueMotion in November to tackle distracted driving as a way to mitigate claims. As part of the deal, TrueMotion now provides granular data to the insurer on the frequency and types of distracted driving among its policyholders.

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