To help spot fraudulent claims...
Published: 28 July 2008 10:00 GMT
The insurance distribution arm of vehicle maintenance chain Kwik Fit has implemented website tracking software from Tealeaf to help it improve sales conversions on its site - and identify potentially fraudulent applications.
Kwik Fit Insurance acts as an intermediary for 27 insurance companies offering car, household, travel, pet, van and motorcycle insurance, and breakdown recovery, over aggregation sites such as moneysupermarket.com. It is now using Tealeaf's software to collect a record of nine million customer sessions per month in order to help improve the online experience of visitors to its website.
silicon.com Financial Services
Get the latest financial services news straight to your inbox. Sign up for the FS newsletter today!
The software can be used to drill down into any customer session, view the pages they visited and the data they entered to verify insurance claims and pinpoint fraudulent claimants. Every visit is time stamped and is fully re-playable to allow for easy reference and reporting.
According to Kwik Fit Insurance online operations and planning manager Annie McRae, the companies online business is growing at such a rate that it needed sophisticated monitoring systems to keep competitive.
She told silicon.com: "The system gives us complete visibility on customer behaviour on the site. It means we can see everything the customer saw."
McRae pointed out this visibility can also be used to identify potentially fraudulent activity if a customer went through a quotation process and then went back to change a particular risk factor. Previously, the only information the company would have had would be the data going through to the back office at the point of purchase.
No value was put on the project but McRae believes the improvements she has made to customer experience on the site since the software was installed in March has already provided a return on that investment.
Travel site bookings fly when glitch fixed
Shoppers to spend £40bn online
Online shoppers get savvy in run-up to Xmas
Holidaybreak rolls out site troubleshooter
Co-op Financial Services' mail goes digital in £12m deal
Sepa fraud risk warning for businesses
Swinton Insurance gets chatty with IP tech
Scottish Re evaluates risky data
How Norwich Union computes pay-as-you-drive
Towergate opts for converged network policy
Key Responsibilities: Monitor the data and perform coding and quality control tasks on a daily basis, ensuring that data is processed promptly and ...
Embedded Software Engineer, Newcastle, 40,000 Role:- Design of control systems for vehicle applications Coding System testing Microprocessor ...
This is a key role within the business bridging the gap between sales, marketing, NPD and supply chain planning. The in-bound supply chain, customer ...
Agenda Setters 2009
Welcome to the ninth annual Agenda Setters poll silicon.com's list of the top 50 most influential individuals in the technology and IT industries, from techies and CIOs to entrepreneurs and business leaders. Find out more in our latest special report.
Stories from the web...
Copyright © 2008 CBS Interactive Limited. All rights reserved. Top of page
Nick Beecham and Belinda Doshi
No more tax breaks for offshoring?
Financial services firms must prepare now for 2010 legal changes
Tim Ferguson
On a new Voyager, tackling fraud and the intellectual challenge
Interview: Nationwide IT director, Peter Stafford
Nick Heath
David Lister on smart grids and why he left RBS
Interview: National Grid CIO
Andy Jones
Why banks will push ahead with offshoring
Comment: Even if they don't want to
Catherine Stagg-Macey
Legacy IT holding back insurers
Comment: Economic crisis means finance giants must step lively
Julian Goldsmith
The City fund manager with no IT department
Q&A: How asset management is embracing the cloud...