NetMap visual link analysis technology also forms the basis of ISO’s PC-based ViewLink Manager software that dramatically improves insurers’ effectiveness in using the ISO ClaimSearch system by presenting relationships in visually compelling form. To detect patterns of fraud, NetMap for Claims analyzes insurers’ own data as well as data from the ISO ClaimSearch® system, ISO’s antifraud claims information database of 256 million records. Top insurers analyze their data using NetMap for Claims software to reveal potentially fraudulent claims. “Full ownership and control of NetMap deepens ISO’s ability to meet that commitment.” “ISO is committed to be an arsenal in the property/casualty industry’s war on claims fraud that robs insurers – and ultimately policyholders – of more than $24 billion a year,” Coyne said. We evolved ClaimDirector to provide adjusters and SIU teams with a better way to access real-time insights based on our industrywide claims database, said Carlos Martins, vice president and general manager of ISO ClaimSearch. Coyne, ISO’s president and chief executive officer, said. from insurers internal databases as well as the ISO ClaimSearch anti-fraud database system. NetMap will allow for insights into complex and emerging organized fraud activity within and between claims. property/casualty insurance industry an uninterrupted flow of fraud-detection products and services, and support for those services,” Frank J. “By acquiring sole ownership of NetMap and integrating it into ISO’s claims unit, ISO is now able to assure the U.S. The Australian entity is licensed to sell NetMap insurance products in the Australian, New Zealand and Singapore markets, and non-insurance products worldwide other than in the U.S. based in Sydney, Australia, under the leadership of its chief executive officer, Richard McLean, the former head of NetMap Analytics. Moreover, ISO will retain a minority position in NetMap Analytics Pty Ltd. ISO will retain sole rights to sell NetMap insurance products – including ViewLink Manager and NetMap for Claims – around the world, other than in Australia, New Zealand and Singapore.
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