TORONTO, Oct. 4, 2013 /CNW/ - The newest member in the fight to combat
insurance crime is pleased to announce its name and new CEO today.
CANATICS, or Canadian National Insurance Crime Services, is a
not-for-profit organization focused on using state-of-the-art
analytical tools to identify potentially suspicious claims in insurance
industry pooled data, to facilitate further investigation by individual
insurers. By identifying these claims with participating insurers,
CANATICS will provide insurance companies with an exciting new tool to
aid in the investigation of insurance crime.
Automobile insurance fraud is a significant cost to consumers across
Canada, and particularly in Ontario. A report by KPMG Canada, prepared
for the Ontario Auto Insurance Anti-Fraud Task Force, estimated that as
much as $1.6 billion per year is paid by insurance companies in
response to fraudulent or inflated claims. The Anti-Fraud Task Force
went on to recommend that "Insurers should move aggressively to
establish an organization that would pool and analyse claims data in
order to identify potential cases of organized or premeditated fraud."
While insurance companies identify, and prosecute fraudulent activity,
it is consumers who ultimately pay for this criminal activity through
increased insurance premiums. Ben Kosic, the newly appointed CEO for
CANATICS, says this new organization will provide the necessary
assistance to strike at fraud. "By uncovering networks of connected
claim activity across insurers we will help ensure that investigators
focus their investigations on the right claims."
Mr. Kosic, a former Partner at KPMG Canada, has a background which
covers more than two decades of management and information technology
consulting experience and a track record of defining strategies and
roadmaps and driving growth. He also has deep industry knowledge in
Business Intelligence and Data Analytics.
"Our mission is simple -- To combat insurance crime for the benefit of
Canadians," said Mr. Kosic. "We'll do that by providing individual
insurers, and the industry, with superior intelligence derived from
analytics on industry pooled data."
CANATICS also announced its Board of Directors - senior insurance
industry executives representing a cross-section of the Canadian
The Board is comprised of the following people:
Vice President Claims Services
Senior Vice President
State Farm Insurance Companies
VP Fraud Management
Karin Epp Ots
Sr. Vice-President, Regulatory and Government Relations
Aviva Canada Inc.
Vice President, Claims Operations & Legal Counsel, Ontario, Atlantic &
Desjardins General Insurance Group
Kevin John McConkey
Vice-President, Central Ontario Region
Intact Financial Corporation
Canadian National Insurance Crime Services or CANATICS is a non-profit
organization focused on fighting insurance crime by providing insurance
companies, the industry with superior intelligence, derived from
analytics performed on industry pooled data. CANATICS maintains a
relentless focus on data quality, privacy and security.
For further information:
President and CEO
Canadian National Insurance Crime Services