Millions of Americans rely on insurance to protect their property, homes, and lives: and millions of businesses rely on insurance to protect their businesses. At Whooster, our patented algorithms and advanced data fusion helps insurers with fraud investigations, user onboarding, application verification, risk management, and more.
We provide real-time, accurate data on people and businesses. No matter if you use our service in the field or at your desk, you can expect a detailed report with the information you need to deliver top-tier service to your valued customers. With Whooster’s OWL technology, public and proprietary records are easily accessible and navigable and can be linked and matched with your own confidential and proprietary data. Search quickly for specific individuals, relations between people, businesses and assets, and vehicle traffic histories.
Fact: The National Insurance Crime Bureau reports that approximately 10% or more of property and casualty insurance claims could be fraudulent.
Given the size and financial scope of the insurance industry, some level of fraud is to be expected. Yet the FBI reports that the cost of insurance fraud is estimated to be around $30 billion a year. Using Whooster’s technology, investigators can swiftly locate people based on their phone number, residential or electronic address, social media, known associates, and other information. And, with our Text Messaging Platform (SMS/MMS) integration, it can all be done in real-time from the field with no internet connection.
When Derek Jones was presumed dead in a kayaking accident, his wife was left heartbroken thinking that his body would never be found. Left mourning and with a mountain of bills to pay, she carried on hope that one day she could put his remains to rest. Then something odd happened — a woman claiming to be Derek’s wife contacted the family’s insurer about collecting Derek’s life insurance policy.
Investigators used Whooster’s technology to conduct a search on Derek’s phone number, and contacts and discovered he faked the drowning and had eloped to the Florida Keys with another woman. Authorities were contacted and Derek was arrested for insurance fraud.
Fact: According to the Insurance Information Institute, the insurance industry is comprised of thousands of businesses collecting more than $1.1 trillion in premiums per year.
In the insurance business, the key to lasting relationships is a seamless user onboarding experience. Today, new customers expect that any insurer — big or small — will have a snappy, technologically advanced system in place. The user onboarding process is your chance to make a good impression and give your customers peace of mind that they made the right choice in choosing a policy holder.
A new home, car, and family on the way, Karen Miles was shopping for the right insurer. She wasn’t sure if she wanted to bundle home and auto, until she came across an insurer using Whooster. From the first phone call, she felt at ease. The entire process was quick and efficient, and her first policy was set up with a few clicks — no mountain of paperwork necessary. Thanks to Whooster, her insurer was able to provide an automated pre-fill application and verification process that fit into her busy life.
Fact: Unclaimed life insurance benefits in the U.S. are over $1 billion.
As an insurer, you need rapid, accurate data on your customers. Whether you are investigating a claim, trying to locate the recipient of a policy, verifying an auto is housed at the location on the application, you cannot afford delays or issues in obtaining information. Whooster’s powerful software finds the data you need, when you need it, and with just a few clicks.
When Mortimer Tennessee died in his sleep at 92, his friends and neighbors remembered him fondly for his sharp wit and love of wine. They could not recall however, where his niece and only beneficiary Betty was living. Without Whooster’s real-time data aggregation and patented algorithm, Betty would never know of her uncle’s passing or that she was the beneficiary of his life insurance policy. Within a day of Mortimer’s passing, his insurance company used Whooster to locate Betty in a small town on the other side of the country.
Fact: In 2018, nearly 60 million Americans enrolled in Medicare.
The insurance industry likely faces changes in federal regulations on the road ahead. Staying abreast of such developments is integral to both risk management and compliance. Given the abundance of risk-related data that must be consolidated, and accessible, effective risk management and compliance demands assistance from advanced analytics software like Whooster. With our real-time aggregation of data, you can stay one step ahead of uncertainty, resolve potential incidents of fraud, and remain compliant in the ever-changing regulatory environment, ensuring your bottom-line is secure.
Steve Joplin, an insurance agent for a major insurance company, just completed the sale of an auto policy for a new customer. Within weeks, the customer reported their car stolen and filed a claim. Relying on Whooster’s access to a wide range of public and private data, Steven compared the suspicious claim to past claims that were fraudulent and noticed a correlation. The claim was immediately flagged for an investigation. Within a day, the customer’s car was located hidden in a barn on their property. Thanks to Steve’s use of Whooster, he saved his insurance company time and money.
Internet-supported solutions including search, data retrieval and batching.
Integrated into our Web-Based platform. Batch 2 – 100,000+ records at one time.
Delivery of data in the field to your mobile device without an app or web access.
Integration of the Whooster Data Fusion Engine directly into your existing software improves your search capabilities – saving you time and money.
Gain access to our data fusion engine through our API Affiliates that offer products used for human trafficking investigations, cell detail record analysis, cell forensics, case management and signal interception, among others.
Challenged on How to Access your Proprietary – Classified and Legacy – Structured or Unstructured Datasets –Struggling to Incorporate New Data Sources - Whooster’s Owl Technology is the solution.
Whooster is not a consumer reporting agency and the Whooster services are not provided by "consumer reporting agencies," as the term is defined in the Fair Credit Reporting Act (15 U.S.C § 1681, et seq.) ("FCRA") and do not constitute "consumer reports," as that term is defined in the FCRA. The Whooster service may not be used in whole or in part as factor in determining eligibility for credit, insurance, employment or for any other purpose under the FCRA.
