The Winter Edition focuses on data – that is, exploring how it is used by criminals to commit fraud and other crimes, and how the NICB uses data and intelligence to help identify and pursue the dismantling of criminal enterprises in partnership with law enforcement and NICB Special Investigation Unit Partners.
“While the sophistication of criminal activity has improved, so has the ability to use information in new and innovative ways to confront unlawful actors,” he said. David GallowayPresident and CEO of the National Insurance Crime Bureau. “As I reflect on the challenges that our investigators and law enforcement partners face in combating insurance fraud and crime, I see a tremendous opportunity to advance our mission by leveraging these partnerships and connecting the dots between unique data sets to shed light on unknown criminal networks.”
To proactively identify emerging trends in insurance fraud, the NICB leverages its access to unique data assets in innovative ways, with an emphasis on rapidly identifying criminal networks affecting policyholders and causing untold losses. Proactive analysis, with a focus on speed and efficiency, is a major focus of the NICB data strategy as well as the development of machine learning capabilities.
“NICP will use what we gain from machine learning as one of many guidelines for our analysts and agents,” he said. Matthew Bar, chief data scientist at NICB. “It is a new technology that helps implement the tried and true investigations and analytical techniques that are the hallmark of NICB operations.”
The ongoing risks of cyber attacks are discussed in this issue. Cyber threats remain one of the most important strategic risks for United StateThis threatens our national security, economic prosperity, and public health and safety. Cybercrime is not limited to large-scale attacks on businesses and governments. On a personal level, synthetic identity fraud and financial exploitation of the elderly are nascent schemes with the cyber-intersection that we describe in the Winter Edition. The NICB will continue to closely monitor the cyber threat landscape as part of its overall mission to uniformly combat and prevent insurance crime through intelligence-driven operations.
Now in its second year of publication, Detective NICB It aims to provide insurance industry executives with proactive intelligence to help identify emerging risks and threats to the industry. Anyone interested in receiving a digital copy notice can register or send an email to [email protected] To be added to the distribution.
Report fraud: Anyone with information related to insurance fraud or vehicle theft can report it anonymously by calling the toll-free number 800.TEL.NICB (800.835.6422) or submitting a form on our website.
About the National Insurance Crimes Office: Headquartered in Des Plaines, Illinois., NICB is the nation’s premier non-profit organization dedicated exclusively to preventing, detecting and defeating insurance fraud and vehicle theft through intelligence, analytics, and operations; education and crime prevention; strategy, policy and advocacy. NICB is backed by more than 1,200 property and casualty insurers, rental car agencies, auto auctions, and self-insured entities. NICB member firms have written more than 530 billion dollars In premiums in 2020, or more than 82% of the country’s property accident insurance. includes more than 95% ($236 billion) Personal auto insurance in the country. To find out more, visit www.nicb.org.
National Insurance Crime Bureau SOURCE