Assets Identification
Financial frauds are major concerns for the insurance companies. From filling of fake claims to approval of fake claims is major headache for insurance companies.
Corporates buys master policy and every asset under their ownership or new asset purchased automatically gets insured even without any inspection. Many a times, these assets are sold of and replaced by another outdated similar looking/locally assembled assets to defraud insurance companies. After replacing assets, fraudulent claims of theft/fire etc. are filed with Insurance companies.
In such an event, insurance companies does not have any proper mechanism to verify the genuine claims as they all reply on 3 rd party surveyor who also becomes party to such fraudulent claim.
XIDA microdot identification kit protects insurance companies against such fraudulent claims. With XIDA microdots while insuring the assets microdots are marked on all assets under insurance and are recorded with Insurance companies. In the event of any claim being filed, insurance companies can easily verify the genuinity of assets by verifying a single microdot from the microdot markings and cross verifying the same with their database.
We at XIDA provide end to end solution for Insurance companies starting from marking an asset to recording the information and assisting the insurance companies in the event of claims.
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