4. History
2005 Establishment 2005
of a research group
for data analysis and University of
fraud and anomalies Ljubljana
2006 detection 2006
Feasibility studies and
2007 prototypes 2007
telecommunications
health and motor insurance
2008 Commercialization 2008
of Admiral for
First production insurance companies
2009 2009
(c) 2012 Optilab 4
5. Optilab
… we help them manage fraud
Admiral protects insurers from fraud
awards for innovation and uniqueness
(c) 2012 Optilab 5
7. Insurance fraud
• Motor insurers lose 10% of claims expenditure
to insurance fraud
• In Europe 17 billion EUR annually
= cca 40% of GDP of Luxembourg
Copyright (c) 2011 Optilab 7
10. 3 Admiral Industry Case
Best Cloud Service Award
2012
Copyright (c) 2011 Optilab 10
11. Industry Case
• Type: Private cloud of 7 insurance companies
(all Slovene motor insurance companies)
• Physical host of the infrastructure:
Slovene Insurance Association
• Complications: Personal data protection law
• Goal: Detect complex organized fraud
• Results: ROI in 3 months
(c) 2012 Optilab 11
12. Industry Case
• Cloud operational in Slovenia for 2 years
– Great user experience
– Great added value / ROI
• Currently addressing neighboring markets:
Hungary, Serbia, Croatia, Macedonia, Austria
• Goal: European cloud for preventing and
detecting complex organized international
insurance fraud
(c) 2012 Optilab 12
