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Insurance Use Case

Ines Bottarelli avatar
Written by Ines Bottarelli
Updated over a year ago

In the insurance sector, Finovox operates at two key stages of the client journey: at the subscription stage and during indemnification.

SUBSCRIPTION / KYC

During subscription, Finovox helps determine if the insured person is using fraudulent documents through:

  • Consistency analysis: The main component of our control process at the subscription stage. We check if the information provided is consistent and aligns.

  • In-depth visual and computer analysis to detect signs of automated generation or electronic forgery.

For this use case, Finovox is primarily used to verify (non-exhaustive list):

  • Identity cards

  • Passports

  • Driver's licenses

  • Company registration certificates (KBIS)

  • Tax declarations

  • Payslips

  • Bank account details (RIB)

  • Diplomas


INDEMNIFICATION

One in five people reports having committed insurance fraud. It is essential to ensure that the information provided is accurate and that supporting documents, such as accident reports and invoices, are authentic.

This verification ensures fair indemnification and protects businesses from fraudulent claims.

Finovox operates with various technological components to detect fraud:

  • Consistency analysis

  • In-depth visual analysis

  • Computer analysis to detect signs of automated generation or electronic forgery

For this use case, Finovox is primarily used to verify (non-exhaustive list):

  • Invoices

  • Quotes

  • Bonus/malus certificates

  • Accident declarations

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