Progressive Selects BAE Systems to Provide Fraud Detection

Progressive Insurance has selected BAE Systems Applied Intelligence to provide the insurance company with fraud protection.

The NetReveal general insurance counter-fraud solution of BAE Systems Applied Intelligence will help to augment Progressive’s identification of claims fraud in the personal auto insurance sector. The service will be integrated into Progressive’s advanced internal systems and operations to enhance fraud detection.

“The deployment of NetReveal will help us more accurately identify which claims to investigate for potential fraud," Jeff Moore, senior process director for special investigations for Progressive, said.

The NetReveal solution will help Progressive address the growing risk of opportunistic, premeditated and organized claims fraud in personal auto insurance. Utilizing the advanced network analytics and the robust alert and case management system, Progressive will supplement its ability to identify claims fraud. Additionally, the network based detection, will help to determine potentially collusive behavior earlier in the claims lifecycle.