Rampant credit hire fraud is plaguing the insurance industry, costing insurers over £1 billion annually. This persistent problem, made worse by fraudsters’ increasing sophistication, is draining insurer profits and driving up premiums for policyholders.
Our Claims Investigation Unit (CIU) quickly detects and fights fraudulent credit hire claims, analysing each claim with AI and expert knowledge to spot fraud patterns and indicators, protecting you throughout the process.
CIU tackles credit hire fraud with cutting-edge tech, expertise, and intelligence, saving insurers money.
CIU's intel database arms insurers with risk insights to make informed decisions and mitigate fraud.
CIU's proprietary tools, such as AskLudo™ and ANPR, expedite fraud detection, speeding up claims resolution.
Verisk's CIU utilises advanced tech and expertise to combat credit hire fraud, investigating areas like adverse ANPR exposure, phantom hire, overlapping hires, artificial exaggeration, and fraudulent storage, recovery, and engineering.
A team of highly skilled investigators comprises the CIU, bringing cross-market exposure to pre- and post-litigation intelligence and providing comprehensive expertise in fraud detection and prevention.
Verisk maintains extensive intelligence data of more than 14,000 entities, each assigned a risk rating. It currently holds over 5,000 Red Risk entities and associated intelligence, aiding in the identification and assessment of potential fraud risks.
AskLudo™ is Verisk’s award-winning anti-fraud tool used to identify overlapping periods of hire across all verify™ claims, helping to uncover potentially fraudulent activities.
Verisk's CIU can access a range of market tools to validate vehicles, individuals, and organisations involved in a claim.
Verisk gathers ANPR data from more than 1,200 sites across the UK, capturing over ten million vehicle registrations weekly. We use this data to validate or repudiate hire, damage, storage, and recovery claims.
Learn more about our full suite of claims solutions that provide compliance, claims development, and further fraud analysis tools. 
Let our expert team and innovative technology handle all aspects of credit hire claims, from analysis and settlement to liability resolution, hire management, and subrogation.
Transform subrogation and accelerate claim settlements with this cloud-based, SaaS platform.
Automatically triage motor damage claims into repair or total-loss workflows in seconds.
Know when a customer’s vehicle is recovered by police after a road traffic collision or a theft.