New Property and Casualty Insurance Fraud Detection Service Announced
David M. Bresnahan
September 19, 2006
CHARLOTTE, N.C. -- ECS Reporting Solutions has announced the availability of online services, designed to help the insurance industry to identify and prevent fraud.
Property and casualty insurance fraud is estimated to cost the insurance industry as much as $30 billion per year. Attempted check fraud at the nation's banks rose to $5.5 billion according to the 2004 American Bankers Association Deposit Account Fraud Survey Report. Fraud prevention is a major concern for banks, financial institutions, insurance companies, and government organizations.
The ECS gateway system can be used to create customized reports, notifications and digital dashboards designed to identify and prevent fraud. This enables users to extract information such as claimant profile data, previous loss history data, and almost any other information that can be used to identify possible red flags of fraud.
ECS has virtually unlimited public records databases, and partnerships with leading business intelligence software providers, to provide cutting-edge data mining capabilities, according to information from the company web site at
Property and casualty insurance fraud is estimated to cost the insurance industry as much as $30 billion per year. Attempted check fraud at the nation's banks rose to $5.5 billion according to the 2004 American Bankers Association Deposit Account Fraud Survey Report. Fraud prevention is a major concern for banks, financial institutions, insurance companies, and government organizations.
The ECS gateway system can be used to create customized reports, notifications and digital dashboards designed to identify and prevent fraud. This enables users to extract information such as claimant profile data, previous loss history data, and almost any other information that can be used to identify possible red flags of fraud.
ECS has virtually unlimited public records databases, and partnerships with leading business intelligence software providers, to provide cutting-edge data mining capabilities, according to information from the company web site at
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