Digital Commerce Detector Verisk

Innovative insurance solutions powered by advanced data analytics, technology, scientific research, and deep industry knowledge. Create innovative P&C insurance programs, streamline data reporting to regulators, and leverage analytics to assess and price risks with speed and precision. Refine life, annuity, and pension plans from the individual to the portfolio level, driving value across individual life and annuity lines. Improve combined ratios and unlock greater reinsurance profitability by managing your risk on global, commercial, and enterprise levels. Compete in new markets with solutions for specialties such as professional liability, management liability, and crime and fidelity. The integration of the fraud detection tools with ClaimSearch is expected to enhance claim outcomes, and lower financial impact.

Verisk has partnered with Legentic to incorporate two fraud detection tools into its ClaimSearch platform in the US. The integration of these tools into ClaimSearch, a claims intelligence network and fraud detection platform, is anticipated to enhance claim outcomes, lower financial impact, positively impacting loss ratios. The gold standard of business intelligence. Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise. Daily stocks & crypto headlines, free to your inbox By continuing, I agree to the Market Data Terms of Service and Privacy Statement

Sep 1, 2025 | ! Homepage Slider, ! Recent Industry News, Analytics and AI, Artificial Intelligence, Business Data, Consumer Data, Credit Insurance, Open Insurance, Product Development, Risk Management, Technology, Trade Credit, United States, Verisk | 0 | Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced a strategic alliance with Legentic, a fraud and financial crime detection and prevention company, to launch two advanced fraud detection and asset... Now available for the first time in the U.S., Digital Commerce Detector can help insurers automate the identification of suspicious activity on online marketplaces tied to stolen or total loss assets. Additionally, Digital Asset Finder helps streamline insurers’ location and recovery efforts of legitimately stolen vehicles and property post claim-payout.

With insurance fraud in the U.S. now costing consumers $308.6 billion annually, according to the Coalition Against Insurance Fraud, and as property and casualty (P/C) theft schemes evolve, insurers face mounting pressure to detect fraud activity earlier and recover assets... Traditional manual investigation and asset location methods are often too slow, resource-intensive and costly, placing a heavy burden on IT, claims and investigative teams. “Insurance fraud and theft continue to grow in sophistication, and we’re committed to equipping the industry with cutting-edge tools to help minimize financial exposure and operational strain,” said Jeff Ryan, chief product officer, Anti-Fraud... “Through seamless integration with ClaimSearch, this launch delivers automated access to previously hard-to-find, critical data points. These insights help empower insurers to identify fraud earlier, recover assets faster and drive more efficient claim outcomes.”

Partnership Announcement: Verisk has partnered with Legentic to integrate two fraud detection tools into its ClaimSearch platform in the US, enhancing claims intelligence and fraud detection capabilities. New Tools Overview: The Digital Commerce Detector automates the identification of suspicious online activities related to stolen assets, while the Digital Asset Finder helps locate and reclaim legitimately stolen vehicles and property post-claim. Operational Improvements: These tools aim to automate investigative workflows, improve recovery operations, and provide insurers with critical data insights to identify fraud earlier and recover assets faster. Market Expansion: Legentic's technology, already successful in Europe, is now set to expand within the US market through this collaboration, addressing the rise in complex insurance fraud and theft cases. Copyright © 2025 Intellectia.AI. All Rights Reserved.

New capabilities help insurers detect fraudulent claims activity and streamline recovery of previously paid losses JERSEY CITY, N.J., August 21, 2025 – Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, today announced a strategic alliance with Legentic, a fraud and financial crime detection and prevention company,... Now available for the first time in the U.S., Digital Commerce Detector can help insurers automate the identification of suspicious activity on online marketplaces tied to stolen or total loss assets. Additionally, Digital Asset Finder helps streamline insurers’ location and recovery efforts of legitimately stolen vehicles and property post claim-payout. With insurance fraud in the U.S. now costing consumers $308.6 billion annually, according to the Coalition Against Insurance Fraud, and as property and casualty (P/C) theft schemes evolve, insurers face mounting pressure to detect fraud activity earlier and recover assets...

Traditional manual investigation and asset location methods are often too slow, resource-intensive and costly, placing a heavy burden on IT, claims and investigative teams. ClaimSearch, the world’s leading claims intelligence network and fraud detection platform, now offers access to Digital Commerce Detector and Digital Asset Finder, enabling insurers to: “Insurance fraud and theft continue to grow in sophistication, and we’re committed to equipping the industry with cutting-edge tools to help minimize financial exposure and operational strain,” said Jeff Ryan, chief product officer, Anti-Fraud... “Through seamless integration with ClaimSearch, this launch delivers automated access to previously hard-to-find, critical data points. These insights help empower insurers to identify fraud earlier, recover assets faster and drive more efficient claim outcomes.” Home » News » Insurtech » Verisk Unveils New ClaimSearch Tools to Detect Digital Commerce and Locate Assets in Insurance Investigations

Verisk (Nasdaq: VRSK), a leading global data analytics and technology provider, announced a strategic alliance with Legentic, a fraud and financial crime detection and prevention company, to launch two advanced fraud detection and asset... Now available for the first time in the U.S., Digital Commerce Detector can help insurers automate the identification of suspicious activity on online marketplaces tied to stolen or total loss assets. Additionally, Digital Asset Finder helps streamline insurers’ location and recovery efforts of legitimately stolen vehicles and property post claim-payout. With insurance fraud in the U.S. now costing consumers $308.6 billion annually, according to the Coalition Against Insurance Fraud, and as property and casualty (P/C) theft schemes evolve, insurers face mounting pressure to detect fraud activity earlier and recover assets... Traditional manual investigation and asset location methods are often too slow, resource-intensive and costly, placing a heavy burden on IT, claims and investigative teams.

ClaimSearch, the world’s leading claims intelligence network and fraud detection platform, now offers access to Digital Commerce Detector and Digital Asset Finder, enabling insurers to: Insurance Nerds Editorial Team : Aug 22, 2025 7:10:03 AM Verisk has announced a new collaboration with Legentic to enhance its ClaimSearch® platform with two advanced fraud detection tools. This initiative aims to better equip insurance professionals in identifying fraudulent activities within the digital commerce space. This development is particularly relevant for insurance professionals focused on claims management and fraud prevention. By integrating these tools into ClaimSearch®, Verisk aims to streamline investigations and improve overall efficiency in processing claims.

With the rise of digital commerce, fraudulent activities have also increased. This partnership reflects a proactive approach to these challenges within the insurance industry. By utilizing advanced technology, insurers can more effectively combat fraud and protect their businesses. This alliance between Verisk and Legentic underscores the industry's shift toward technology-driven solutions for traditional challenges. The new tools are expected to play a key role in enhancing the capabilities of the ClaimSearch® platform.

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