NICB and Agero Join Forces to Combat Insurance Fraud

OAK BROOK, IL June 12,  2024 — Two leaders in their respective industries are joining forces to protect insurers and our communities from questionable third-party roadside and vehicle service providers to deter insurance fraud. The National Insurance Crime Bureau (NICB), the nation’s premier not-for-profit organization dedicated to preventing and prosecuting insurance fraud and crime, and Agero, the leading white-label provider of digital driver assistance services and software for the majority of automotive insurance brands, are forming a strategic partnership to combat fraud before it happens.

“Through this strategic partnership, NICB and Agero will work together to detect fraudulent activities swiftly, prevent losses, and protect everyday Americans from vehicle service provider scams and crimes,” said David J. Glawe, President and CEO of NICB.

The FBI reports that insurance fraud (non-health insurance) is estimated to be more than $40 billion per year, costing the average U.S. family between $400 and $700 annually in increased premiums. Additionally, auto insurance fraud is underreported, as 29 percent of those who say they were victims never reported their suspicions. These are the exact negative impacts that NICB and Agero are looking to address in their partnership.

“Agero's comprehensive approach to detecting malicious behavior and road safety enhancement is driven by our relentless pursuit to protect drivers and insurers through technological innovation and our commitment to excellence,” said Jeffrey Blecher, Chief Operating Officer at Agero. “By harnessing the power of data intelligence, technology and five decades of experience, we continue to make significant strides in protecting insurers, drivers and the communities we serve from the adverse effects of fraudulent activities.”

Agero maintains strong relationships with two-thirds of all auto insurers, most of whom are NICB members, helping manage 12 million auto-related events each year. Agero joining NICB as a strategic partner is the latest example of increased coordination between the technology, driver services, and insurance industries to protect consumers from fraudulent operators.

Both NICB and Agero are committed to partnering with key stakeholders in government, law enforcement, and across the broader insurance industry to help consumers recognize red flags and report suspicious activities.