"Insurers remain committed to paying all genuine claims as quickly as possible, and strive to acheive a balance between investigating potential frauds and ensuring that genuine claimants do not face delays as a result. Fraudulent claims and the cost of investigating suspected frauds lead to higher premiums for honest customers"

- Insurance Europe (the European insurance federation).

Fraud is estimated to represent up to 10% of all claims expenditure in Europe, according to Insurance Europe (the Eropean insurance and reinsurance federation). 10% at your insurance company adds up to:



1: Annual Settlement Payments


Enter the insurance company's annnual settlement payments


2: Estimated fraud in %


Enter the insurance comapnny's estimated fraud in %, e.g. between 5-15%


%

Expected annual fraud in EUR


Based on your numbers, the expected annual fraud per year in your organization total at:



3: Enter the amount of claims where the claim documents are digital in %

%

Potential discovering of fraud in EUR


4: Out of claims with digital claim documents, enter the % that are below a 2,000 threshold

%

Estimated fraud on claims below 2000 EUR


5: Enter the amount of fraud below EUR 2000 that can be stopped by FDS in %

%

Estimated annual improvement in fraud below EUR 2,000


6: Other annual cases of fraud above EUR 2,000 in %

%

Estimated total on annual fraud above EUR 2,000


7: Enter the amount of fraud above EUR 2,000 that can be stopped by FDS in %

%

Estimated annual improvement in fraud over EUR 2,000


Results

Total improvement with FDS


Annual FDS subscription


Return on investment / EUR


Payback time / Workdays (265)


days

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