$1.5B+ Lost to Claims Fraud — And 75% of It Goes Undetected
Stop claims fraud in its tracks, verify every policyholder instantly, and meet money laundering prevention requirements — all through a single identity platform built for African insurers.
The Problems Eating Into Your Margins Every Day
Insurance fraud, identity gaps, and compliance burdens are eroding your margins, delaying claims, and destroying customer trust. These are the problems you can no longer afford to ignore.
$1.5B+ Lost to Claims Fraud Every Year
Insurance fraud costs African insurers over $1.5 billion annually. Fake identities, staged accidents, and inflated claims are rampant. Manual verification catches less than 25% of fraudulent claims — meaning 3 out of 4 fraudsters get paid.
You Cannot Prove Who Is Filing a Claim
When policyholders cannot be reliably identified at claim time, insurers face delayed payouts, bitter disputes, and regulatory scrutiny. Identity verification at sign-up is often superficial — and it shows when claims are filed.
Agents Sit Idle for Weeks Waiting on Checks
Insurance agents and brokers must meet strict regulatory requirements. Manual background checks take 2 to 4 weeks, delaying agent deployment and the revenue they would generate. Every week of delay is a week of lost sales.
Your Products Are a Magnet for Money Laundering
Insurance products are vulnerable to money laundering. Premium payments and lump-sum payouts can be used to move illicit funds. Regulators require robust money laundering prevention programs — and the penalties for non-compliance are severe.
Claims Take 10 Days Because Documents Sit in a Pile
Claims processing relies on manual document verification — IDs, death certificates, medical reports, police reports. Each claim requires 3 to 5 document reviews, taking 5 to 10 business days. Every day of delay erodes customer trust.
What Inaction Is Costing Your Insurance Business Right Now
Every day without modern identity verification costs your insurance business in fraud payouts, operational waste, and customers who choose a faster competitor.
01
$1.5B+
Annual claims fraud across African insurers
02
25%
Fraud catch rate with manual review
03
2–4 wks
Agent onboarding delay (lost revenue)
04
5–10 days
Average claim payout wait time
How Identity Failures Destroy Customer Trust at Claims Time
In insurance, customer trust is earned over years but lost in a single claims experience. Slow, painful claims processes are your biggest competitive liability.
Slow Payouts Lose Customers to Competitors
Customers buy insurance for peace of mind. When claims take weeks to process because of identity verification delays, trust erodes fast. Competitors offering same-day or next-day payouts are winning market share right now.
Customers Expect to Buy a Policy in 5 Minutes
Modern insurance competitors offer policy purchase in under 5 minutes. Traditional insurers with manual identity checks lose customers before the application is even complete.
The Claims Moment Is Make or Break
The moment of truth for insurance is claim settlement. Re-verification requests, additional document demands, and identity disputes at claim time destroy customer relationships built over years. One bad claims experience and they switch forever.
How TRD Platform Stops the Bleeding
Every insurance pain point addressed with identity systems designed for claims speed and fraud prevention.
Challenge
Claims Fraud
TRD Resolution
Automated identity verification at the moment a claim is filed. Face matching of the person filing against the policyholder on record. Smart analytics that detect unusual claim-filing behavior in real-time, before a single naira is paid out.
Challenge
Policyholder Identity
TRD Resolution
Thorough identity checks at policy purchase create a trusted baseline. When a claim is filed, verification becomes an instant comparison — not a fresh investigation — dramatically speeding up legitimate payouts.
Challenge
Agent Delays
TRD Resolution
Automated agent background checks completed in under 24 hours. Continuous monitoring for regulatory changes. Pre-built compliance reports ready for regulators on demand.
Challenge
Money Laundering
TRD Resolution
Real-time screening against sanctions lists, government officials, and negative news at policy purchase and claim payout. Automatic regulatory reports filed on your behalf to keep you ahead of regulators.
Challenge
Document Pile-Up
TRD Resolution
Auto document reading with authenticity checks. 20+ document types verified in seconds — not days. Automated cross-referencing against the databases of the organizations that issued them.
Your Insurance Business Today vs. With TRD Platform
Real numbers from insurers like yours. This is the transformation you could see within weeks.
| What You Measure | Your Current Situation | With TRD Platform |
|---|---|---|
| Time to Process a Claim | 5–10 business days | < 1 business day |
| Fraud Catch Rate | 25% | 95%+ |
| Time to Onboard an Agent | 2–4 weeks | < 24 hours |
| Time to Buy a Policy | 30+ minutes | < 5 minutes |
| Document Verification | Manual, 3–5 docs per claim | Automated, 20+ types in seconds |
| Money Laundering Checks | Batch, once a week | Real-time, every transaction |
| Customer Satisfaction | Low (slow payouts) | High (fast payouts) |
| Annual Fraud Losses | $1.5B+ across the industry | Reduced by 80% |
Key Features for Insurance
Purpose-built identity systems for the unique demands of African insurance operations. Every feature designed to save you money, time, and risk.
Instant Claimant Verification
Instant face matching of the person filing a claim against the policyholder on record. Prevent impersonation and duplicate claims in real-time, before a payout is made.
From $899/mo — Upgrade to unlock
Thorough Policyholder Identity Checks
Comprehensive identity verification at policy purchase that establishes a trusted baseline. Supports government-issued IDs, bank verification, passport, and 20+ additional ID types across Africa.
From $299/mo
Agent Background Checks in Under 24 Hours
Automated background verification for insurance agents and brokers. Criminal, credit, and regulatory history checks completed in under 24 hours with continuous monitoring built in.
Enterprise only — Talk to Sales
Money Laundering Prevention
Real-time watchlist checking, politically exposed persons identification, and automatic news screening at policy purchase and claim payout. Automatic regulatory reports filed on your behalf to meet regulator requirements.
Enterprise only — Talk to Sales
Automated Document Verification
Auto document reading for death certificates, medical reports, police reports, and 20+ document types. Authenticity checks with automated cross-referencing against issuer databases — in seconds, not days.
From $899/mo — Upgrade to unlock
AI-Powered Fraud Analytics
Advanced analytics and behavioral modeling detect suspicious patterns across claims. Recognising known fraud devices, uncovering connections between fraudulent claims, and AI that spots unusual patterns reduce fraud losses by up to 80%.
Enterprise only — Talk to Sales
Stop Paying Fraudulent Claims — Start Paying Legitimate Ones Faster
Every fraudulent claim you pay is money stolen from honest policyholders. Every legitimate claim you delay is a customer you lose. See how TRD Platform can transform your verification, compliance, and claims operations in days, not months.