Answers to frequently asked questions are included below.
Evadata is a company that provides life and annuity carriers with data, technology, and processing capabilities for the benefit of policyholders.
Evadata is building a modern-day cloud based platform that follows best practices and standards in security, privacy, and user experience.
Evadata supports primary insurers in the life and annuity market and the policyholders they serve.
We would be happy to give you a tour of ACT. Send us a note via our contact form and we will get back to you right away.
Evadata Anti-Fraud Collaboration Technology (ACT) is a community platform for sharing fraud intelligence, anti-fraud strategies, and the most effective fraud prevention training.
ACT is an integral tool for carrier fraud prevention teams that provides: 1. A secure forum where carriers can ask questions of one another and of experts, gather market intelligence, and discuss new trends 2. Access to a robust Knowledge Repository of best practices, surveys, and recommendations 3. Compliance wikis on state fraud requirements and law enforcement expertise 4. Weekly threat digest of fraud and cyber threats 5. Monthly expert webinars on critical topics in fighting insurance fraud.
Evadata Life Event Notification Service (LENS) accelerates the claim process by improving death notification speed and decision making by processing data across carriers for common customers. In addition, it incorporates the Death Master File, state data, and obituary data, allowing carriers to get all necessary information from one provider.
LENS's faster and more accurate notifications of policyholder life events can have many impacts for carriers: 1. Improved customer experience 2. Reduced unclaimed property liability 3. Reduced interest and overpayment expenses 4. Fraud investigation alerts for common customers 5. Faster decision times and reduced claims processing resources.