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Enable cross-insurer fraud prevention and detect non-compliant behaviour and with ICO.Link

GDPR-compliant, cryptographic solution for cross-company comparison of relevant data to detect misconduct ICO.Link

Data synchronisation - but in compliance with data protection regulations!

Manipulated documents are one challenge for fraud management. The other is the issue of multiple identities when opening an account or taking out multiple insurance policies. The latter is illegal for many forms of insurance. Benefits could be paid out that are based on genuine documents but are paid out by several insurance companies at the same time. However, it is difficult for banks to check whether someone already has a large number of accounts and is perhaps involved in money laundering or whether someone has multiple insurance policies. For good data protection reasons, companies have not been able to exchange data with each other to detect such misconduct - until now.

ICO.Link is the first GDPR-compliant, cryptographic solution for the cross-company synchronisation of performance and contract data. This makes it easy to detect misconduct. This technology is interesting for banks to detect multiple identities. Three use cases are particularly relevant for insurance companies:

In these deep dives, we explain how ICO.Link detects cases of fraud involving multiple insurance policies for daily allowances through the GDPR-compliant exchange of encrypted data records, how ICO.Link clarifies the status of previous insurance policies in the area of legal protection regardless of customer details and what ICO.Link can do efficiently to combat fraud caused by multiple submissions in the area of foreign travel health insurance.

Pilot studies successfully completed


Pilot studies in cooperation with renowned insurance providers and Versicherungsforen Leipzig have now been completed. ICO.Link has successfully demonstrated that the detection of fraudulent multiple insurance policies and the protection of data protection rights are no longer contradictory.

Perfecting fraud defence

With the help of ICO.Link, a gap in fraud management can be filled and, among other things, multiple identities or concealed pre-insurance can be detected.

Comparing data the legal way

ICO.Link was developed with the highest level of expertise in information technology and data protection. The data protection compliance of the solution has been externally confirmed by experts

Complying with the duty to inform

Uncovering information deficiencies protects insurance companies from fraud - but also insured persons from accidental misrepresentations with legal consequences

Innovative encryption

Insured persons' data is protected by state-of-the-art cryptographic procedures and cannot be converted back into personal data at any time

Ready-to-use-technology

ICO.Link can be used immediately to complete fraud defence. No specific data needs to be fed in and trained

Complete protection

The platform completes the product triad: ICO.Link, ICO.Match and ICO.Fraud ensure comprehensive fraud protection and greater cost efficiency for insurers

How ICO.Link helps insurance companies

Until now, multiple insurance policies have been the blind spot in the defence against fraud. However, an ageing society in particular is dependent on fair and efficient daily sickness allowance and long-term care insurance policies. Fraud with multiple insurance policies is therefore not only a burden on insurance companies, but on society as a whole. The special thing about the ICO.Link platform is that it enables insurance companies to exchange information without exchanging sensitive personal data. Insured party data is encrypted, i.e. transformed into a unique fingerprint for each claim by means of hashing. This allows fraud-prone multiple contracts to be recognised across insurance companies, while personal data remains protected.

Any questions? 
Let's talk

Swantje Peter

+49 3641 92 90 988 sp@ico-lux.com