Identity Fraud Loss Insurance
A financial-services product that indemnifies a business against monetary losses from identity fraud, transferring that liability to an insurer for a fixed premium.
Identity Fraud Loss Insurance is an insurance line — not a detection or verification tool — that pays your business back when an approved, verified identity turns out to be fraudulent and causes a loss.
How it works
A drop-in agent installs in your onboarding flow like an analytics tag. Each approved account is bound under a policy at approval, an AI model prices the residual fraud-loss risk, and covered losses are reimbursed within 30 days, denial-free. Coverage is backed by S&P AA+ rated global insurers, including Munich Re and Swiss Re.
Why it exists
Detection lowers how often fraud happens; it never covers the cost of the fraud that gets through. That residual loss traditionally sits on your balance sheet. Identity Fraud Loss Insurance moves it off your P&L for a fixed premium.
See the full overview on the Solution page, or read What Is Fraud Loss Insurance.
Denial-Free Claims
A claims process in which covered losses are reimbursed without the usual denial friction, typically within a fixed window.
MGA (Managing General Agent)
An entity that underwrites and administers insurance on behalf of insurers, with delegated authority to price and bind coverage.
Reinsurance-Backed Protection
Coverage whose claims-paying capacity is backed by rated reinsurers, giving it insurance-grade financial strength.
Risk Transfer
Shifting the financial consequences of a risk from your balance sheet to an insurer for a fixed premium.