"Today, 7 out of 10 motor insurance claims have fraudulent behavior (increased damages, combination of few damages into one, multiple use of same crashed parts in staged accidents, cash-for-crash and paper collisions). The frequency of these issues is materially negatively affecting the profitability of insurance companies." - So how will you decrease the fraud rate?
kasko2go will include a revolutionary digital fraud detection system, based on cutting edge technology. We analyze a driver pre-& post-accident behavior, set our trust index on the basis of a drivers insurance and claims history record, etc. This enables us to detect high fraud risk incidents and to cut the insurers security costs and decrease the fraud rate. This innovation is presented in details below (see Development Plan, 2.4). Its impact on the profitability of kasko2go (Liechtenstein) AG, and therefore on its competitive advantage is expected to be material.