CNA Financial, a provider of commercial insurance products, has said that it will use SAS Fraud Framework for Insurance solution from SAS, a provider business analytics software and services, to deal with the fraud.
Developed by SAS, the SAS Fraud Framework for Insurance solution will assist in fraud prevention by facilitating the detection and prioritization of suspicious claims in order to help protect legitimate policyholders and claimants.
CNA Special Investigations Unit director Tim Wolfe said that identifying fraud one claim at a time continues to be important, but being able to detect and react to organized networks perpetrating fraud across multiple claims, jurisdictions and lines of business is where we can have the biggest impact.
CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. CNA’s services include risk management, information services, underwriting, risk control and claims administration.