Verisk Unveils New Claimsearch Tools To Detect Digital Commerce And

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.” 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. 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.” Insurance fraud costs U.S. consumers an estimated $308.6 bn every year, putting pressure on carriers to adopt more advanced detection systems.

Verisk has teamed up with Legentic to address this problem, launching two fraud-focused tools on its ClaimSearch® platform. The new features allow insurers to track suspicious activity across digital marketplaces and recover stolen property after claims are paid. Users gain the ability to automate investigative workflows, monitor platforms around the clock, and improve claims processing with limited IT demands. Legentic’s analytics technology, widely adopted by European insurers, will now scale across the U.S. market. The collaboration expands the reach of fraud prevention capabilities and speeds up asset recovery efforts for American carriers.

Jeff Ryan, chief product officer of Anti-Fraud Analytics at Verisk, noted that fraud and theft schemes continue to grow in complexity. 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.

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:

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