Validus-IVC designs specialist facility

Insurance Age staff
01 Oct 2008

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A specialist analysis and settlement facility for companies that receive credit hire and repair claims has been designed by Validus-IVC. The firm claimed it could make annual savings of more than £150m for motor insurers, solicitors and fleet operators by monitoring claims for impropriety, inaccuracies, process errors and fraud. The system, V-CAS, identifies when invoices require adjustment due to factors such as excessive car hire rates, prolonged periods of hire, improper charges and simple

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