NICB and Agero Partner to Combat Insurance Fraud 

Two leaders in their respective industries are joining forces to protect insurers and communities from questionable third-party roadside and vehicle service providers to deter insurance fraud. 

(Image credit: Sincerely Media/Unsplash.)

The National Insurance Crime Bureau (NICB, Oak Brook, Ill.), a not-for-profit organization dedicated to preventing and prosecuting insurance fraud and crime, and Agero (Medford, Mass.), a white-label provider of digital driver assistance services and software for the majority of automotive insurance brands, have formed a strategic partnership to combat fraud before it happens.

David J. Glawe, President and CEO of NICB.

“Through this strategic partnership, NICB and Agero will work together to detect fraudulent activities swiftly, prevent losses, and protect everyday Americans from vehicle service provider scams and crimes,” comments David J. Glawe, President and CEO of NICB.

The FBI reports that insurance fraud (non-health insurance) is estimated to be more than $40 billion per year, costing the average U.S. family between $400 and $700 annually in increased premiums. Additionally, auto insurance fraud is underreported, as 29 percent of those who say they were victims never reported their suspicions. In a joint statement, the NICB and Agero say these are the exact negative impacts that they looking to address through their partnership.

“Agero’s comprehensive approach to detecting malicious behavior and road safety enhancement is driven by our relentless pursuit to protect drivers and insurers through technological innovation and our commitment to excellence,” comments Jeffrey Blecher, COO, Agero. “By harnessing the power of data intelligence, technology and five decades of experience, we continue to make significant strides in protecting insurers, drivers and the communities we serve from the adverse effects of fraudulent activities.”

Jeffrey Blecher, COO, Strategy, Agero.

Protecting Consumers from Fraudulent Operators

Agero reports that it maintains strong relationships with two-thirds of all auto insurers, most of whom are NICB members, helping manage 12 million auto-related events each year. Agero joining NICB as a strategic partner represents an example of increased coordination between the technology, driver services, and insurance industries to protect consumers from fraudulent operators.

NICB and Agero say they are committed to partnering with key stakeholders in government, law enforcement, and across the broader insurance industry to help consumers recognize red flags and report suspicious activities.

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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