SAS Fraud Management is a comprehensive solution that helps organizations detect and prevent fraudulent activities using advanced analytics and machine learning.
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Best FICO Insurance Fraud Solutions Alternatives ranked by AI · updated Aug 2026
FICO Insurance Fraud Solutions help insurers identify suspicious claims and applications using predictive analytics, rules, and network analysis. The products are intended for carriers that need fraud scoring and investigation support integrated with existing decision systems.
Top 6 FICO Insurance Fraud Solutions alternatives
Shift Technology provides AI-driven decision automation and optimization solutions for the insurance industry.
Contact for pricing
FRISS is an insurance fraud and risk-detection platform for insurers, brokers, and claims teams. It uses rules, predictive analytics, network analysis, and...
Pros
- Designed specifically for insurance fraud and claims workflows
- Supports fraud detection across underwriting, claims, and policy servicing
- Combines automated scoring with investigator case-management tools
Cons
- Enterprise pricing and implementation can be substantial
- Requires quality claims and policy data for effective modeling
- Less suitable for general-purpose fraud outside insurance
LexisNexis Risk Solutions provides data and analytics to help assess and manage risk.
Pros
- Comprehensive risk assessment tools
- Trusted data sources
Cons
- Complex interface
- Higher learning curve
Contact for pricing
5
ClaimSearch
Verisk
ClaimSearch is Verisk's insurance claims database and analytics service for detecting suspicious claim activity. It helps insurers compare claims against industry data,...
Pros
- Large industry claims-data network can reveal cross-carrier patterns
- Strong fit for property and casualty claims investigations
- Useful for entity linking and repeat-claim detection
Cons
- Data coverage and value vary by insurance market
- More dependent on external industry data than FRISS
- May require integration with separate claims and investigation tools
6
NetReveal
BAE Systems
NetReveal is a financial crime and fraud analytics platform used by insurers, banks, and other regulated organizations. It applies link analysis, rules,...
Pros
- Powerful network analysis for organized and collusive fraud
- Supports complex investigations and entity relationships
- Suitable for large regulated organizations with diverse fraud types
Cons
- Less insurance-specific than FRISS
- Typically more complex to deploy and operate
- May require specialist investigators and data engineers
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