NICB: Your Trusted Partner in Leading the Fraud Fight
Don’t fight insurance fraud alone. NICB is on your side offering exceptional benefits for your company.
- Ability to analyze aggregated member company claims data to identify organized networks
- Production of fraud alerts that identify schemes, questionable medical providers, and parties of interest
- Coordination of multi-carrier, multi-claim investigations
- Strong partnership with SIU and claims communities that foster collaboration
- Recognized by federal, state, and local law enforcement as experts in insurance crime, vehicle theft, and vehicle identification
- Task force coordination and participation
- Hosts regional dialogue meeting to foster information sharing between members and law enforcement
- Facilitates the mandatory reporting of questionable claims to 48 state insurance departments
- Virtual, in-person, and customized fraud education programs for your staff
- Location, identification, and repatriation of stolen vehicles in foreign countries
- Government and public affairs expertise
- Integration of NICB alerts and information in ISO ClaimSearch® to help make better claims decision
How we helped our members in 2021
- 146,411 total questionable claims
- 3,539 ForeWARN and MedAWARE Alerts published
- $51M in loss mitigation
- $11,2M in restitution ordered
- 1,916 hours of training provided to member employees and law enforcement
- Over 92,000 NICTA courses completed
- 252,500 vehicles recovered with a total value of $959M
- 29,504 NICB agent vehicle recoveries valued at $42M
Regardless of your company’s size or book of business mix, NICB can support your fraud-fighting needs!
Consider these facts
- 4.7 out of 5 customer satisfaction rating from our members, who write more than 95% of the nation’s personal auto insurance and 82% of the nation’s property/casualty insurance;
- 90 cents of every membership assessment dollar is used for anti-fraud programs;
- Claims and SIU professionals can share information with their counterparts at other companies as well as with members of law enforcement at NICB Regional Dialogue Meetings;
- More than 4,854 hotline calls and webtips received and processed, leading to more than 668 referred to members; and,
- More than 3,500 alerts issued to advise members of fraud schemes, crime forecasts and case developments.
