Secrets to Combating Insurance Fraud
with Data Analytics
Three insurance executives offer a global perspective
By Michael Skiba, Ph.D.,
Jeffrey G. Rapattoni and Chris McKibbin
As the insurance industry continues to embrace data analytics, the fraud sector is seeing in- creasing benefits of implementation both do- mestically and abroad.
Fraud is an international problem as business and manufacturing become more global. What impacts a company
in Europe or Asia, will also affect companies in the U.S.
and other countries. Cyber attacks such as the WannaCry
virus are an excellent example of how one event can have
There are new tools, however, that will assist insurers
and business owners in detecting and tracking the impact
of fraud. Three insurance fraud professionals, one each
from Germany, the U.S. and Canada, weigh in on how
data analytics is changing the insurance fraud landscape.
Michael Skiba, Ph.D., is vice president of counter fraud
strategies for Inform and based in Germany. Jeffrey G.
Rapattoni is co-chair of the insurance fraud/SIU practice
group for U.S.-based Marshall Dennehey Warner Coleman & Goggin, and Chris McKibbin is a partner in the
fraud investigation, recovery and enforcement practice
group for Blaney McMurtry LLP, in Canada.