Risk Mitigation

The insurance industry is built upon managing risk. Today, that is more difficult than ever.

The technological advances we enjoy in the workplace have made it possible to obtain credit, purchase products, apply for a job and gather information from virtually any computer. But this convenience also carries risks, as criminals may also obtain information, goods and services illegally from careless or unsuspecting computer users.

For the insurance industry, Acxiom’s sophisticated technology and products provide analytically enhanced insight into suspect claims, witnesses, assets and other vital information. This information is particularly important for financial institutions, corporate fraud departments and risk management agents. Our solutions are designed to help your special investigations unit (SIU) and claim units identify fraudulent or abusive claims, and investigate and recover payments.

FactCheck-X

The fastest-growing consumer problem in the United States is identity theft. Protect your organization against fraud losses with Acxiom FactCheck-X, our secure online system that verifies identities through drivers’ licenses, Social Security Numbers and state identifications. FactCheck-X verifies the identification of claimants by cross-referencing inconsistencies that might indicate a potential fraud attempt and uses the latest technology to provide a unique approach to combat identity theft.

InsightInvestigate

Acxiom’s InsightInvestigate gives your company access to billions of records to assist in your investigative efforts. Using analytically enhanced data, it offers powerful insight into suspects, witnesses, assets and other vital information that help save time, money and resources for law enforcement agencies, law firms, investigators and corporate fraud departments.

InsightCollect

Acxiom InsightCollect is a high-quality, low-cost tool used for collections, fraud management and risk mitigation. This online tool combines an easy-to-use format with in-depth data and advanced analytics, providing accurate, actionable information that can be used to locate and contact debtors and fraud.

Properly used public record information can be a highly effective risk management weapon. Acxiom’s risk management solutions can be crucial in the evaluation of operational and market risks with businesses and consumers and can provide vital information needed for the relationship management process.

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