CARCO: Revolutionizing Fraud and Risk Prevention
CARCO stands at the forefront of fraud and risk prevention with its advanced Mobile AI technology platforms. These platforms are engineered to identify and prevent risk events and fraudulent activities that could otherwise pose significant threats to insurance carriers and consumers in highly competitive and challenging environments.
The Mobile AI Fraud Prevention application is a standout feature of CARCO. It comes with dual functionality, serving as a designated inspection site location or enabling self-inspection. The integrated AI and fraud alert validation technology simplifies and automates the inspection process. It offers a back-office solution that is easily integrated into mobile platforms, helping to contain costs while effectively detecting and deterring fraud. The integrated processing system, powered by a fraud analytics engine, ensures a positive customer experience, with inspections taking just minutes to complete.
In addition to its advanced fraud prevention capabilities, CARCO also incorporates NMVTIS, the premier publicly available system in the U.S. This system requires all insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title data, further enhancing CARCO's ability to prevent fraud and manage risks.
CARCO is not only a leader in fraud prevention but also in insurance inspections. It is the leading provider of vehicle pre-insurance inspection services in the U.S., with major insurance carriers and brokers choosing it for its extensive and convenient site network and its use of advanced technology to ensure the inspection process is efficient and compliant with regulations.
Policyholders also benefit from CARCO's services, with an easy way to find a local inspection site and check the status of their inspection report. With a pre-insurance inspection network of 4,500+ sites across 17 states and a history of over 50 million transactions completed, CARCO is a trusted name in the industry.
In summary, CARCO's comprehensive approach to fraud and risk prevention, combined with its expertise in insurance inspections and commitment to providing a positive customer experience, makes it a valuable solution for businesses and consumers alike.
