Tues1420 data cloudprovider-stefanfurlan-optilab
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The document summarizes a presentation given at the EuroCloud Luxembroug 2012 conference about Optilab and their Admiral Cloud software. It provides an overview of Optilab's history developing fraud detection software since 2005. It notes that insurance fraud costs the motor insurance industry in Europe 17 billion euros annually. The document also describes an industry case study of a private cloud implemented among 7 Slovenian motor insurance companies to detect complex organized fraud that achieved return on investment within 3 months. It aims to expand this cloud to neighboring markets to prevent international insurance fraud.
Tues1420 data cloudprovider-stefanfurlan-optilab
- 1. EuroCloud Luxembroug 2012 Admiral Cloud Luxembourg 9. 10. 2012
- 2. Agenda 1. Optilab 2. Fraud, Fraud mgmt and Admiral 3. Admiral Cloud Industry Case Copyright (c) 2012 Optilab 2
- 3. 1 Optilab Copyright (c) 2011 Optilab 3
- 4. History 2005 Establishment 2005 of a research group for data analysis and University of fraud and anomalies Ljubljana 2006 detection 2006 Feasibility studies and 2007 prototypes 2007 telecommunications health and motor insurance 2008 Commercialization 2008 of Admiral for First production insurance companies 2009 2009 (c) 2012 Optilab 4
- 5. Optilab … we help them manage fraud Admiral protects insurers from fraud awards for innovation and uniqueness (c) 2012 Optilab 5
- 6. 2 Insurance fraud Copyright (c) 2011 Optilab 6
- 7. Insurance fraud • Motor insurers lose 10% of claims expenditure to insurance fraud • In Europe 17 billion EUR annually = cca 40% of GDP of Luxembourg Copyright (c) 2011 Optilab 7
- 8. Fraud Management (c) 2012 Optilab 8
- 9. Admiral Familly (c) 2012 Optilab 9
- 10. 3 Admiral Industry Case Best Cloud Service Award 2012 Copyright (c) 2011 Optilab 10
- 11. Industry Case • Type: Private cloud of 7 insurance companies (all Slovene motor insurance companies) • Physical host of the infrastructure: Slovene Insurance Association • Complications: Personal data protection law • Goal: Detect complex organized fraud • Results: ROI in 3 months (c) 2012 Optilab 11
- 12. Industry Case • Cloud operational in Slovenia for 2 years – Great user experience – Great added value / ROI • Currently addressing neighboring markets: Hungary, Serbia, Croatia, Macedonia, Austria • Goal: European cloud for preventing and detecting complex organized international insurance fraud (c) 2012 Optilab 12
- 13. Thank you for your attention!