Repwest selects Attestiv AI technology for claims fraud detection

Boston, MA – December 14, 2022 – Attestiv Inc., the digital media authenticity leader, announces the selection of the Attestiv AI-based Image Analysis Service by RepWest Insurance. Repwest, an Arizona-based company, who handles claims as a third-party administrator for U-Haul, the moving and self-storage rental company, has chosen Attestiv’s Analysis Service to analyze images submitted in insurance claims.

Repwest employees can now use Attestiv’s web-based interface to analyze any suspicious customer-provided images on-demand. Using patented AI technology, the Attestiv service scans image data for anomalies across a variety of attributes including metadata (time, date, location), evidence of editing, and photos taken of computer screens which identifies fraud attempts. When anomalies are detected, Repwest is armed with data that supports the work of both the Special Investigation Unit and their legal department.

“It’s amazing that this platform gives us what we need to identify suspicious images and be able to use it as evidence during our investigation and any subsequent litigation,” said Courtney Valentin, Special Investigator at Repwest. “Coordinated fraud rings plague insurance organizations like ours and we now have a detection strategy that enables us to combat fraud with confidence. Moreover, once the word is out that Repwest has these new capabilities, we expect it to act as a major deterrent against fraud attempts”. 

“Repwest is harnessing the immense benefits provided by our image fraud detection service to increase efficiencies across the organization’s claims team. By eliminating payouts on fraudulent claims, Repwest will be able to reduce losses” said Paul Duran, Senior Business Development Director at Attestiv. “We are excited to help support Repwest’s team with our innovative AI technology.”

 

About RepWest

Repwest (Formerly Republic Western) Insurance Company is a property and casualty insurance company in operation for over 45 years. Its parent company AMERCO is the parent company for U-Haul International. Repwest provides insurance policies for U-Haul, U-Haul’s customers, and dealers. In addition, Repwest provides insurance programs for the self-storage industry independent of U-Haul. Repwest also provides loss adjusting and claims handling for U-Haul through regional offices across North America. The claims division consists of 3 Regional Claim Offices and several support departments, such as SIU, Subrogation, Desk Review Program, and Central Reporting. The entire claims division and support staff consists of approximately 240 people. For more information, please visit https://www.repwest.com/

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Nicos Vekiarides

Nicos Vekiarides

Nicos Vekiarides is the Chief Executive Officer & co-founder of Attestiv. He has spent the past 20+ years in enterprise IT and cloud, as a CEO & entrepreneur, bringing innovative new technologies to market. His previous startup, TwinStrata, an innovative cloud storage company where he pioneered cloud-integrated storage for the enterprise, was acquired by EMC in 2014. Before that, he brought to market the industry’s first storage virtualization appliance for StorageApps, a company later acquired by HP.

Nicos holds 6 technology patents in storage, networking and cloud technology and has published numerous articles on new technologies. Nicos is a partner at Mentors Fund, an early-stage venture fund, a mentor at Founder Institute Boston, where he coaches first-time entrepreneurs, and an advisor to several companies. Nicos holds degrees from MIT and Carnegie Mellon University.

Mark Morley

Mark Morley is the Chief Operating Officer of Attestiv.

He received his formative Data Integrity training at Deloitte. Served as the CFO of Iomega (NYSE), the international manufacturer of Zip storage devices, at the time,  the second fastest-growing public company in the U.S.. He served as the CFO of Encore Computer (NASDAQ) as it grew from Revenue of $2 million to over $200 million. During “Desert Storm”, Mark was required to hold the highest U.S. and NATO clearances.

Mark authored a seminal article on Data Integrity online (Wall Street Journal Online). Additionally, he served as EVP, General Counsel and CFO at Digital Guardian, a high-growth cybersecurity company.

Earlier in his career, he worked at an independent insurance agency, Amica as a claims representative, and was the CEO of the captive insurance subsidiary of a NYSE company.

He obtained Bachelor (Economics) and Doctor of Law degrees from Boston College and is a graduate of Harvard Business School.