AXA has entered into a deal with BAE Systems Detica to use its Detica NetReveal insurance claims fraud prevention service.
AXA noted that the deal will help it select a single solution across the group.
AXA will receive Detica NetReveal service followed by various other European pilot projects as a hosted service, which it expects will enable it to reduce costs in IT expenditure and implementation times.
Detica NetReveal reduces the risk of fraudulent customer claims and improves investigation times for personal and commercial motor and property lines of business.
The NetReveal offering provides a single view of customers and their known associates, scoring individual and network behaviours across an organisation’s entire portfolio of products and brands, and prioritises the risks associated with suspicious activity.
AXA noted that the offering will enhance its processes, workflows and reporting which are standardised across the company’s global business units, thus forming part of a global programme to use a single platform.