CARCO, a leading provider of mobile artificial intelligence (AI) technology for pre-insurance fraud prevention inspection services and risk solutions, announces the release of its new NSA Protect product, developed to help the non-standard auto (NSA) market fight and prevent fraud. CARCO’s NSA Protect solution provides security level protection against fraud through the integration of mobile artificial intelligence (AI) fraud detection and centralized data for high-risk prospect profiling. NSA Protect arms the insurance industry with a predictive and preemptive tool for deterring fraudulent claims.

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As the insurance industry accelerates its growth plans into the high-risk policyholder market, CARCO’s NSA Protect product can help facilitate growth while focusing on lower fraud losses and longer-term competitive premium stability.

CARCO’s introduction of NSA Protect addresses the current post-COVID pandemic landscape, which is prime for increased fraud as drivers return with increased vehicle purchases and underwriting required for the industry to price premiums. A small increase in driving activities from a small cohort with less disciplined tendencies could cause a claims frequency surge, according to projections from McKinsey & Company.

“Our NSA Protect fraud detection and deterrence holistic product is a timely industry fraud-fighting strategy component, and consistent with CARCO’s 40-plus years providing fraud-fighting technology platforms,” said Will Pagan, Senior Vice President and General Manager at CARCO. “With mobile technology from 2012 and mobile AI since 2019, converged with centralized fraud risk profiling data and subject matter experts, CARCO has provided over $2.4 billion in fraudulent claim avoidance over 5 years.”

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