Back to All Posts
Blog

How Insurers Can Leverage Photo-based Solutions to Combat Auto Insurance Fraud

“Stretching the truth is common, especially in auto insurance. When drivers get into a car crash, insureds can easily include Unrelated Prior Damage, e.g., a cracked head lamp or dented fender from not be careful in a parking garage.

Today, insurers have to take an insured’s word at face value. Soft fraud, such as accidentally backing up into your mailbox and calling it a hit-and-run, is not uncommon in auto insurance claims. In fact, almost 20 percent of all policyholders admit to stretching the truth to obtain a larger settlement, and 42 percent of individuals blame high premium costs as the reason for overstating the truth.”

Read the full article on Insurance CIO Outlook.

Back to All Posts

Stay in the know, sign up for our mailing list.