INFORM, a global provider of fraud management and claims process optimization technology and the National Insurance Crime Bureau (NICB), the nations premier not-for-profit organization dedicated exclusively to fighting insurance fraud and crime, today announced a new technology partnership. The partnership will combine NICBs data assets with INFORMs RiskShield decision engine technology.The partnership leverages NICBs extensive databases, including data in ForeWARNSM Alerts, Questionable Claims, and MedAWARE® alerts arising out of the Aggregated Medical Database and integrates the data into RiskShields decision engine for mutual members of NICB and customers of INFORM. This integration adds new functions, such as workflow capabilities and risk scoring based on machine-learning technology. This will allow significant added value to fraud detection and prevention for INFORM clients as partners of INFORM can explore an infinite number of possibilities to leverage this NICB data in an automated manner.
“With this new partnership, we can better support fraud and claim units to streamline their workflow, providing access to NICBs data and deliver these results in an automated manner, saving significant time and effort,” said Dr. Andreas Meyer, Executive Vice President at INFORM. “This will not only increase the efficiency of claims and fraud units, but it will also significantly improve fraud detection by tapping into NICBs broad database”.