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, subject to policy terms. Coverage is contingent on underwriting and approval and backed by Munich Re and Swiss Re, each rated A+ (Superior) by AM Best.
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.
Evidence-Backed Claims
A claims process in which the evidence needed to adjudicate a covered loss is captured at onboarding, so claims are assessed against a record that already exists.
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.