Quantexa

Insurance Fraud

Delivering a category-defining vision for next-generation counter fraud and financial crime prevention - combining agility, scalability, and proven impact to help insurers lead with data-driven intelligence.

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CHALLENGE

Insurance fraud continues to erode profitability

As fraudsters and the technology they use becomes more sophisticated and interconnected, traditional rules‑based and siloed approaches struggle to keep pace — creating blind spots, false positives, and slow investigations that results in increasing loss ratios, operational costs, and customer friction.

70%

In P&C, claims paid typically absorb around 70% of premiums earned

Source: NAIC

$308B

Insurance fraud steals at least $308.6B every year from American consumers.

Source: CAIF

WHY QUANTEXA

Building A Market-Leading Vision For Decision Intelligence

Delivering a category-defining vision for fraud and financial crime prevention - combining agility, scalability, and proven impact to help insurers lead with data-driven intelligence.


Desire to take more control of fraud detection and analytics strategy

HOW WE SOLVE IT

Next generation counter-fraud capabilities

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Unify your data estate

Unify internal systems and enrich with external data (corporate registries, industry claims etc) to understand risk holistically

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Create a customer and counterparty view

Connect data to reveal hidden relationships across customers, claimants, providers, assets, and organizations

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Apply proven fraud analytics

Detect even the most sophisticated fraud with scorecards grounded in contextual data for higher accuracy and better prioritization

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Powerful investigation tools

Accelerate fraud investigations and uncover hidden relationships with more accurate contextual intelligence and AI decisioning

THE IMPACT

What we have achieved

$>3B

the amount of fraud Quantexa has helped organizations detect

75% reduction

in false positive alerts through enrichment

90% increase

up to 90% increase in fraud impact savings

3% improvement

in loss ratios from improved claims segmentation

WHERE WE HELP

Our Insurance Fraud solutions

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Application and Underwriting Fraud

Identify fraud across the full customer lifecycle and all distribution channels.

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Claims, Billings, and Provider Fraud

Block fraudulent payments and stop claims leakage across the claim, billing and payment lifecycle.

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Internal Fraud Detection

Detect insiders engaged in defrauding the insurance organization or the firm’s customers.

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Complex Investigations

Perform complex investigations across all data to identify new and unknown risks.

BENEFITS

Increased counter fraud effectiveness and efficiency across the enterprise


Reduce leakage, prevent fraud, and deliver indemnity savings, improving loss ratios by 1-3%

Solution Overview

Get an overview of Quantexa’s Fraud, Risk Management and Security solutions

category-leading technology

Our Decision Intelligence Platform

Build a single view of data and create a culture of confidence around critical decision-making that protects, optimizes, and grows your organization.

Quantexa AI​

Boost productivity and effectiveness with AI

Empower users to identify more fraud risk, faster with Q Assist, an embedded investigations Copilot, to access critical insights, automate alert triage, augment report generation and streamline report filing.

outcome-driven solutions

Decision Intelligence solutions built on our platform

FAQs

Does your platform work in real-time?

Yes. Quantexa delivers real-time contextualization and decisioning at the point of need whether that's during claims processing, policy underwriting, or payment approval. Our platform ingests and unifies data from across your organization, then applies entity resolution and network analytics in real-time to surface hidden connections, risk patterns, and fraud indicators before decisions are made.

Beyond real-time scoring, Quantexa also supports batch analytics for deep investigative work and historical pattern analysis. This dual capability means your teams get both the speed to act decisively in the moment and the depth to uncover sophisticated fraud rings operating across time. 

What AI and GenAI capabilities do you have in the platform?

Quantexa integrates AI and GenAI across three critical layers: entity resolution, network analytics, and investigative acceleration.

Entity Resolution uses probabilistic AI to connect fragmented identities, resolving the same individual across name variations, multiple addresses, and phone numbers that traditional matching tools miss. This unlocks the hidden fraud concealed in data fragmentation.

Graph Analytics applies advanced AI to reveal multi-hop networks and sophisticated fraud rings. Where rules-based systems analyze transactions in isolation, our AI-powered graph intelligence exposes coordinated schemes involving 5-20+ actors across providers, brokers, and policyholders.

Q Assist, our GenAI copilot, transforms investigative workflows. Investigators ask natural language questions like "What are the hidden connections between this policyholder and other high-risk applications?" and receive instant, contextual insights drawn from unified data reducing investigation times and enabling teams to focus on genuine threats rather than false positives.

Our Agent Gateway enables access to contextual data from Quantexa's Decision Intelligence Platform so that agentic decisions can be grounded in context, as well as enforcing governance and explainability across distributed agent networks.

DRIVE INDUSTRY TRANSFORMATION

Speak to an expert

Protect, optimize, and grow your organization with Decision Intelligence. More is possible with the right data in the right context.