of quote fraud mitigated
of suspicious quotes identified
Celebrus was deployed to capture detailed individual-level visitor data, including visitor, click, and quote form content. Using this detailed insight, the insurer was able to find suspicious activity quickly, identifying single sessions where multiple similar quotes were submitted. They used the individual-level data from Celebrus to conduct a detailed analysis of each session.
The analysis found visitors were manipulating answers on the application form to obtain lower quotes. People were changing answers, such as occupation status, contents/vehicle valuations, etc. and re-submitting the quotes. The insurer deployed rules within Celebrus to flag quotes in live time for investigation and interception, and deployed the fraud solution across mobile and web applications.
Since Celebrus also enables rules to be configured to counter the activity, the insurer was able to actively prevent this “friendly” fraud.
By identifying, investigating, and strategically countering suspicious quotes, the insurer mitigated £10 Million in quote fraud.
This forward-thinking insurer did it, and you can too!
Celebrus is the only fraud defense solution that solves for ALL fraud types - even friendly fraud! Celebrus is the missing link in your fraud strategy, delivering the live-time identity resolution, behavioral context, and activation needed to detect and prevent fraud.
Finally solve your data, identity, and connectivity gaps with full compliance to elevate your fraud prevention strategy.
Connect with us today to experience the power of Celebrus for yourself!