CARCO Fraud and Risk Prevention Technology
CARCO Fraud and Risk Prevention Technology is a comprehensive solution designed to protect insurance carriers and consumers from fraudulent activities and risk events in the automotive insurance industry. With over 40 years of experience and 54 million inspections completed, CARCO has become the leading provider of pre-insurance inspection services in the United States. The technology combines mobile AI applications, a vast inspection site network, and sophisticated data analytics to streamline the inspection process, detect fraud, and mitigate risks for insurance companies.
The CARCO solution leverages mobile AI technology, a comprehensive inspection network, and data analytics to streamline the vehicle inspection process, detect fraud, ensure regulatory compliance, and provide actionable insights for risk mitigation in the insurance industry. It features a dual-functionality app for designated inspection sites or self-inspection, with integrated AI and fraud alert validation technology. Additionally, it offers access to a central data repository, NMVTIS integration, and advanced predictive and prescriptive analytics.