Inform GmbH

June 13, 2016 09:00 ET

INFORM and Mohawk Security Partner to Deliver an Automated Advertisement Search Solution for Claims Assessment and Fraud Recovery

AACHEN, GERMANY and OSLO, NORWAY--(Marketwired - Jun 13, 2016) - INFORM, a global provider of insurance process optimization technology and fraud management, and co-innovator Mohawk Security, a leading provider in classified advertisement databases, today announced a new technology partnership. The partnership will combine Mohawk's huge advertisement database technology with RiskShield of INFORM.

The first phase of the partnership will focus on developing an Automated Ads Search solution connecting Mohawk's extensive database system to RiskShield's smart decision engine adding new functions such as workflow capabilities and risk scoring based on machine-learning technology.

Dr. Andreas Meyer, EVP at INFORM, commented, "With this new partnership we can better support fraud investigators to streamline their workflow, providing direct access to billions of live and historical advertisements and recover fraudulent cases, all within a single platform. This will not only increase the efficiency of fraud investigation, but also improve the validation process of the genuine claims for fast track settlement."

"We are very pleased to form a partnership with INFORM. By combining INFORM's expertise in delivering intelligent decision logic to improve business productivity, with INFORM's vision of insurance process optimization, we can explore exciting new opportunities leveraging Mohawk´s wealth of information for trend analysis and predictive fraud behavior monitoring," said Lars Skaar, CEO of Mohawk Security.

About Mohawk Security
Mohawk Security is a Norwegian technology company that provides access for Banks and Insurance Companies to databases containing classified ads in numeral markets around the globe. Mohawk has currently more than 60+ customers in the Financial Industry and are fast growing. Mohawk Security received the prestigious Gazelle Award in 2015. The Norwegian Gazelle award is given to companies that fulfill requirements regarding required doubling of revenue over the latest four years and a combined positive net result as well as no years with negative growth in turnover.

INFORM is global provider of claims process optimization, workflow automation, compliance and fraud management solutions, assesses the potential for claim fraud at first notice of loss, medical billing fraud, and performs risk assessment within insurance application data. With a predictive approach, RiskShield incorporates time proven methods such as fuzzy logic, pattern recognition, business rules, and the use of both internal and external data sources to score claims quickly and effectively resulting in valuable insights of fraudulent behaviour. RiskShield is used in more than 35 insurance companies currently in Europe and North America, protecting some of the world's largest insurers, including AXA, GEICO and Zurich.

Winner of the Merchant Payments Ecosystem Award 2015 for Best Data Security Solution

Contact Information

  • Press contact:
    Birgit Hofsli
    Mohawk Security
    Email Contact
    +47 458 53 128

    Press contact:
    Stanley Harmsen van der Vliet
    Email Contact
    +49 2408 9456 5000

    US Press Contact:
    Valerie Harding
    Ripple Effect Communications
    Email Contact