One Call Insurance is one of the largest independent insurance brokers in the UK. Last year they wrote £125 million in gross written premium and they currently have approximately 400,000 live policy holders. They were experiencing a wide range of fraud, including:
• Ghost brokers and organized fraud rings trying to obtain fraudulent policies. • Individuals switching from different insurance companies after defaulting on payment. When One Call Insurance switched to ThreatMetrix, it was able to: • Analyze every new policy application in the context of the applicant’s digital identity, to identify any anomalies or high-risk behavior that could indicate fraud. • Reject applications that looked fraudulent before they went on cover.
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