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Fraud and Risk Prevention Technology
CARCO protects insurance carriers and consumers through its advanced Mobile AI technology platforms engineered to identify and prevent risk events and fraudulent activities that can expose companies and their bottom lines in highly competitive and challenging environments.
CARCO’s Advanced AI Mobile Technology
CARCO’s Mobile AI Fraud Prevention application is designed with dual-functionality for utilization as a designated inspection site location or self-inspection. The integrated AI and fraud alert validation technology streamlines and automates the inspection process, providing:
- A back-office solution
- Easily integrated into mobile platforms
- Contains cost
- Detects and deters fraud
- Integrated processing system powered by a fraud analytics engine
- A positive customer experience
- Minutes to perform the inspection
Our risk and fraud detection and deterrence solutions also include NMVTIS — the premier publicly available system in the U.S. that requires all insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title data.
CARCO’s Advanced Mobile AI Fraud Prevention Process
EXPERIENCE CARCO’S ADVANCED MOBILE AI TECHNOLOGY, PROVIDING A HOLISTIC APPROACH TO IDENTIFY, DETECT AND REDUCE FRAUD.
CARCO provides businesses with the tools necessary to protect their clients from a variety of risk events and fraudulent activities that can expose companies and their bottom lines. Our solutions include NMVTIS — the premier publicly available system in the U.S. that requires all insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title data.
CARCO is the leading provider of vehicle pre-insurance inspection services in the U.S. Major insurance carriers and brokers choose us for our extensive and convenient site network along with our experience deploying advanced technology to complete the inspection process in the most efficient and effective manner while complying with regulations.
CARCO offers policyholders an easy way to find a local inspection site and check the status of their inspection report.
Pre-insurance inspection network of 6,000+ sites
across 17 states
Over the course of 40 years, 170+ insurance carriers have entrusted CARCO
Over 50 million transactions completed to date.
99% processed electronically.
In 2020, 30 storms Flooded 447,000+ Vehicles. CARCO’s CheckThatVin.com provides vehicle title history, which includes open safety related recall information.
Did You Know?
Did you know that CARCO has been performing fraud preventive pre-insurance vehicle photo inspections since 1977, becoming the industry's experts with 54+ million inspections completed, through a 4,500+ inspection site network in four regulated and 12 non-regulated states?
Did you know CARCO avoided $2.4 billion for the insurance industry in auto insurance fraudulent damage claims over the past five years?
Did you know CARCO’s Central Data Repository used by Insurer Special Investigative Units & Law Enforcement to investigate ~11,000 vehicle fraud per day, with 175 million new fraud preventive data points added annually?
Did you know CARCO’s Predictive & Prescriptive Risk Profiling Analytics provides the insurance industry flag high-risk prospect policyholders to submit through our Mobile AI fraud preventive inspection application?
Did you know CARCO’s fraud detection and deterrence services provide the insurance industry an ROI with every $1 invested in inspections results in ~$41 in potential fraud avoidance?
Did you know that 99% of pre-insurance vehicle photo inspections are received and processed electronically within 24 hours?
Did you know that a CARCO fraud tip led to the dismantling of a $15 Million auto fraud ring?
Did you know CARCO helped the NY Attorney General identify and prosecute a fraud ring – “Operation Decoy Delivery”?
Did you know CARCO central data repository contributed in NY Law Enforcement break up a ~$300 million luxury car theft ring?
Did you know that CARCO’s technology, business practices and Fraud Prevention Analyst identify stolen vehicles with counterfeit VIN’s for NICB and Law Enforcement to prosecute?