in Security

BAE Systems helps NFU Mutual combat fraud

Posted 5 December 2016 · Add Comment

BAE Systems has teamed up with NFU Mutual to provide the insurance firm and its customers with comprehensive protection across underwriting, claims and financial crime services.


 
The contract will commence in 2017 and see BAE Systems’ financial crime division provide NFU Mutual with a counter fraud solution that will detect and prevent financial crime throughout the customer lifecycle and across the business. The partnership will enable NFU Mutual to exploit external and internal data sources to accurately identify fraudsters at the point of sale and point of claim, whilst ensuring customers are fast-tracked through the policy application and claims processes.
 
George Robbins, VP EMEA, Commercial Solutions at BAE Systems Applied Intelligence, said: “We will be working with NFU Mutual to help it deliver on its zero tolerance approach to fraud and financial crime by implementing faster and more accurate fraud detection, using the best data at the right time in the right way.
 
“Many businesses work in silos, which often means teams not only operate using different systems and technologies, they also duplicate effort and costs. By consolidating NFU Mutual’s operations into a single group fraud and financial crime platform we can improve controls on financial crime and fraud detection.
 
“The decision to work with BAE Systems came from a recognition that we are able to provide a system that is proven within the insurance industry and which can be tailored towards the specific needs required for NFU Mutual. This, coupled with BAE Systems extensive data partnerships, enables us to create a platform which combines high quality analytics and data sources ultimately maximising value for NFU Mutual.”
 
Steve Bower, Customer Services Director at NFU Mutual, said: “The partnership with BAE Systems will help us continue to take a tough stance on fraud, while maintaining the first class levels of customer service that our members have come to expect. By embedding these new advanced capabilities across claims, underwriting and financial crime, we are tackling fraud more effectively and ultimately providing greater value to our members.”
 

* required field

Post a comment

Other Stories
Advertisement
Latest News

LOCKEN to secure Renvico wind farms

LOCKEN has been selected by Renvico to secure its windfarms with electronic keys which combine innovative electronics with a mechanical component.

A330neo embarks on function & reliability tests

The A330neo, Airbusí newest widebody aircraft, has embarked on a worldwide tour to demonstrate its readiness for airline operations.

CILT concerned for UK's post-Brexit freight operations

The Chartered Institute of Logistics and Transport (CILT) is encouraging operators, customers and the Government to take steps now to ensure the profession is prepared for the effects of - and harnesses the opportunities of - leaving

Bombardierís Global 7500 reaching completion

Bombardier has announced that Global 7500 aircraft started arriving at the companyís Montreal facilities last month, where high-precision completion work is now being carried out.

Direct flights from DSA to Belfast take off

Doncaster Sheffield Airport (DSA) saw the start of a new Flybe route direct to Belfast jetting off from today.

Gatwick launches Summer Festival

London Gatwick has launched its first ever airport-wide festival to celebrate the start of the British summer.

ODU SK191217191218
See us at
AdvancedEngin BT1406011118SMIFAVSBT151118FIL18 BT111017220718SMI GMSCBT3005081118DVD18BT3105200918