Information Technology
Arvato Financial Solutions and INFORM Join Forces to Expand Fraud Management Services With a Solution Enhancing SAP® Fraud Management for Insurance
With the new global agreement, Arvato Financial Solutions and INFORM aim to deliver a Rapid Deployment Solution enhancing the SAP® Fraud Management for Insurance analytic application. SAP Fraud Management for Insurance helps insurance companies automate and optimize fraud detection, improve fraud investigation efficiency and avoid payments on illegitimate claim requests.
The collaboration is expected to provide significant value for insurance companies around the globe and across all insurance business lines. It allows insurance companies to choose from a broad set of predefined fraud detection rules and content, combined with insurance fraud and analysis expertise and skills offered by INFORM and Arvato Financial Solutions.
Key benefits for insurance companies will be:
"With our successful alliance, INFORM and Arvato Financial Solutions are able to offer a perfect combination of knowledge and add-on technology based on our RiskShield software experience with professional outsourcing services, credit & claims data sources, and global presence," says Dr. Andreas Meyer , Executive Vice President, Risk & Fraud Division at INFORM. "We expect this collaboration to further increase the value proposition for insurance companies choosing our offering as an enhancement of the SAP Fraud Management for Insurance solution."
"As a leading expert for credit information and fraud prevention for the German insurance industry, we have been working with INFORM for many years," says Dr. Frank Schlein , President Risk Management at Arvato Financial Solutions. "Our industry-specific outsourcing solutions, combined with valid credit & claims data sources, and our unique analytics expertise can be implemented for the further benefit of our insurance clients on a global scale. It will give all new clients the possibility to combine a state-of-the-art software technology with our outstanding knowledge of how to identify fraudsters within insurance portfolios."
As compliance requirements shift and the volume and variety of fraud increases, insurers need to find ways to detect and manage irregularities quickly and efficiently. Combining SAP Fraud Management for Insurance, which is based on the SAP HANA platform, with Arvato´s and INFORM´s deep expertise will be tremendously beneficial to insurance companies around the globe. It gives insurers the tools, services and support they need to manage the complex compliance landscape and successfully fight financial crime and fraud.
https://www.arvato.com/finance/en/about/press-releases/2016/arvato-financial-solutions-und-inform-kooperieren-und-erweitern-.html
Press contact:
Solutions
Nicole Schieler
c/o Arvato infoscore GmbH
Rheinstraße 99
76532 Baden-Baden
presse.afs@arvato.com
fon +49(0)7221/5040-1130
fax +49(0)7221/5040-3055
http://finance.arvato.com