CANATICS and IBC Fighting Auto Insurance Fraud in Ontario
While it is easy to think that auto insurance fraud is a problem for the big smoke of the cities in Southern Ontario, the truth is the crime is also a problem for Sudbury and across the northern regions of the province. To further combat rife auto insurance fraud in Ontario, the Canadian National Insurance Crime Services (CANATICS) has teamed with the Insurance Bureau of Canada (IBC) to fight fraud and improve detection methods for suspicious claims.
Toronto based CANATICS is a non-profit that uses cutting edge software to hunt for suspicious insurance claims, passing on any activity it finds to insurance companies. The organization works with auto insurance providers to work towards better fraud detection methods. Insurance companies have been working harder to fight fraud, with many opening dedicated fraud busting teams.
Aviva Canada is leading the way, and last week CTV News found an undercover video that the company made showing an Ontario clinic helping patients to conduct claims fraud.
CANATICS is now going to use its technology to pass on suspicious claims alerts to the IBC as well as insurance companies, allowing the bureau to carry out further investigations independently.
“The fraudsters move fast. The insurance industry has to move faster,” said Ben Kosic CEO, CANATICS.
“This collaboration is an important step forward,” said Kosic in a release. “As two organizations with an industry-wide view, CANATICS and IBC are uniquely positioned to support the fight against fraudsters who attack multiple insurance companies. CANATICS is the early warning system, producing alerts on suspicious activity. IBC is the investigative body that can confirm whether activity is indeed fraudulent, by gathering the evidence that police and prosecutors need to bring the bad guys to justice.”
Garry Robertson, IBC’s National Director of Investigative Services, said: “This partnership with CANATICS will be very important. IBC has the mandate to coordinate organized crime ring investigations and provide police and prosecution support. Access to CANATICS alerts should greatly improve the effectiveness of our investigations thereby bringing the fraudsters to justice sooner and reducing the impact of fraud on honest policy holders.”
