Canadian non-profit fighting insurance crime selects U.K. firm to analyze pooled data

Canadian National Insurance Crime Services (CANATICS), a non-profit focused on fighting insurance crime, has closed a five-year deal with an analytics service based in the United Kingdom to use for pooled industry data.

 “We chose BAE Systems Detica as our partner because they have the knowledge, skills and services to give the Canadian auto insurance industry superior intelligence from analytics on industry-pooled data,” Ben Kosic, CEO of CANATICS commented in a statement on the deal.

“By working with Detica, we will ensure our member insurers’ investigators focus on the right claims to reduce organized and premeditated fraud in Canada.”

The U.K. firm also has an office in downtown Toronto.

First launched last October, CANATICS’ mandate is to analyze pooled auto insurance industry data to find suspicious claims that individual insurers can then investigate.

The Insurance Fraud Bureau in the U.K. and the National Insurance Crime Bureau in the U.S. have analyzed pooled industry data for years to identify organized fraud activity, CANATICS noted.