Carrier Checklist: How to Move Fraud Prevention Upstream

Produced by: Plaid

Format: White Paper

Topics: Digital Payments, Fraud and Underwriting

Overview

Insurance fraud is often detected after a claim is filed, a payment fails, or losses have already occurred. But it doesn’t have to be that way.

Leading insurers are shifting fraud detection earlier in the lifecycle using a simple 3-step approach:

  • Verify identity upfront to stop synthetic fraud before policies are issued
  • Monitor risk continuously with network intelligence
  • Validate claims with transaction data to reduce soft fraud

By combining identity verification with real-time network and transaction data, insurers can catch more fraud before it enters the workflow.

Checklist for Carrier Leaders

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