Admiral identifies £250,000 worth of potential fraud
Admiral has identified a quarter of a million pounds worth of potential fraud in just nine days following the implementation of a new claims fraud system.
The FICO system went live earlier this month, and the company claims that it has already improved the ability of Admiral's fraud team to detect suspicious claims and prioritise cases.
"We chose a groundbreaking solution to get groundbreaking results," said Susan Evans, fraud operations manager for UK operations at Admiral.
"FICO's development of predictive models for our business, and our implementation of their combined solution, has been a tremendous success.
"In the first nine days since the
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