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CARCO provides fraud and risk prevention technology to protect insurance carriers and consumers. Their advanced mobile AI platforms identify and mitigate risk events and fraudulent activities. They offer solutions such as a mobile AI fraud prevention application, NMVTIS integration, and a central data repository to help businesses protect their clients and bottom lines.
CARCO offers a suite of tools and services. Policyholders can use the website to locate inspection sites and check the status of their reports. Insurance carriers can utilize CARCO's AI-powered mobile app for inspections and access the central data repository to conduct fraud investigations.
CARCO’s Mobile AI Fraud Prevention application features dual-functionality for use at designated inspection sites or for self-inspections. The integrated AI and fraud alert validation technology streamlines and automates the inspection process.
NMVTIS is a U.S. system that requires insurance carriers, auto recyclers, junk and salvage yards, and states to report vehicle title data. CARCO integrates with NMVTIS to provide vehicle title history and identify potential fraud.
CheckThatVin.com is a service provided by CARCO that offers vehicle title history, including information on open safety-related recalls.
CARCO’s fraud detection and deterrence services provide a measurable return on investment, where every $1 invested in inspections results in approximately $41 in potential fraud avoidance.
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