Fraud Risk/eCommerce Loss Prevention
Assess fraud risk rapidly and cost effectively
Companies need fast and accurate fraud risk assessment tools to cost effectively control porfolio-wide fraud risk exposure. Location, Inc.’s powerful yet simple to use Fraud Risk Score offers valuable insights into the risk of insurance and E-commerce fraud – accessible by the insured’s address or billing address.
Used by one of the largest e-commerce companies in the U.S. for loss prevention and credit risk management, and equally valuable for insurance fraud risk management, Location, Inc.’s Fraud Risk Index can be fed into models alongside other data, or used independently by an insurer to flag claims for closer attention, reducing loss due to fraud and cost effectively improving loss ratios corporate-wide.
These unique fraud risk index data by address are designed for use by property and casualty insurance companies, real estate mortgage underwriting and leasing companies, and other fraud detection industry applications for fast and accurate fraud risk assessments.
Access: National coverage. Can be pulled by address manually or direct server-to-server, or available to license in shape file format to put behind your firewall.
Example: Each Address has an Exclusive Fraud Risk Index
|Insurance Claim or Online Order Billing Street Address
||Fraud Risk Score
(100 = greatest predicted risk)
|--- Saint Paul Circle
|--- East 1st N
|--- Watermill Avenue
|--- East Hilton Street
|--- Melrose Avenue
|--- Mayfield Court
|--- Brennan Avenue
|--- Fulda Avenue
|--- State Line Road
|--- Williamsburg Court
|--- Carraway Drive
|--- US Route 11