Insurance Times Awards 2022: ‘One in every 100 email addresses’ is flagged for fraud markings each month – LexisNexis Risk Solutions

Explain briefly about your entry in the Business Partner of the Year – Technology Supplier category

LexisNexis Emailage Rapid is an innovative identity verification and risk scoring solution that provides immediate verification of the applicant’s identity and that they are not linked to known fraud, prior to policy inception.

By using billions of transactions from global payment processors and other online industries, we have developed this email intelligence-based fraud prevention solution to help support front end insurance fraud detection, reduce customer friction and free up resources within counter fraud teams for insurance providers. As such, is fits perfectly with this award category.

What do you think makes your entry stand out from your competition?

Emailage Rapid helps prevent business being written that is potentially fraudulent, it helps protect individuals from having their identity compromised and supports a streamlined on-boarding process for the vast majority of customers who are genuine.

On average, one in every 100 email addresses is being flagged as having strong fraud markings each month. With the cost of an average fraudulent insurance claim exceeding £12,000 and fraud on the rise, identifying just 1% of potential fraudsters early can save the industry millions each year.

What would winning this award mean to you and your firm?

An Insurance Times Award for LexisNexis Emailage Rapid would be fantastic vindication for all the work we have done to help stop fraud at the front end through email intelligence.