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Press Centre

RBS Insurance selects Detica NetReveal® to expose organised fraud networks

27 February 2008
Faster and more efficient fraud detection will benefit genuine claimants
Following its earlier announcement to the City on 19 November 2007, Detica Group plc (DCA.L), the information intelligence specialist, today announced to the wider industry that RBS Insurance has purchased a Detica NetReveal® licence together with related professional services.
Following this agreement to purchase, Kate Lotts, Director of Specialist Claims Operations for RBS Insurance, commented: "RBS Insurance is at the forefront of adopting counter-fraud solutions for claims, and these tools add to our already powerful capability in this area."
Detica NetReveal® is designed to help insurers detect fraud with much greater speed and efficiency, enabling genuine claims to be processed faster and premiums kept competitive. Its pioneering approach to fraud detection — spotting hidden networks of fraudulent activity — has already proved successful in helping the UK's Insurance Fraud Bureau achieve an unprecedented 74 arrests of the most serious organised cross-industry criminal gangs and a significant return on investment.
Andy Cobb, Director of Business Development at Detica, says: "Detica NetReveal® is a revolutionary product, unique in its ability to pinpoint professional fraudsters that are often missed by traditional scoring products. This technology has consistently proven its ability to deliver significant benefit and we expect to continue rolling out Detica NetReveal® across our financial services and government client base."

Contact Details

Edward Bridges or Matt Dixon
Financial Dynamics
Tel: 0207 831 3113