Hill Dickinson develops fraud risk profiling model

Hill Dickinson Fraud Unit has developed a fraud risk profiling model which risk assesses and scores individual motor claims and the claimants within them.

The firm, which said it has analysed ten years of historic claims data, said it will allow insurers to align their counter fraud responses towards a level of risk they deem acceptable.

The fraud risk profiling model allocates points to multiple risk factors and advises on those claims considered highly suspect and warranting further investigation.

Hill Dickinson head of fraud, Peter Oakes, said: “Fraud risk profiling and the new MDA process is part of an ongoing Netfoil development programme.

“HDFU is uniquely placed to be able to raise the bar on fraud screening in this way, due to our continued investment in our analytical expertise and our Netfoil database with its rich mix of defendant and claimant data sources.”