GlobalOptions has entered into a definitive license and share option agreement to substantially acquire all assets of the UK-based Claims and Surveillance Bureau (CSB) for an undisclosed sum.
The US firm offers special investigative unit services to the insurance community, while CSB caters coverage for all levels of enquiry, employing a national field force of expert claims consultants, surveillance operatives and fraud investigators.
Commenting on the agreement, CSB managing director Steve Cook said the agreement will provide the fraud and cost containment technology to the global insurance industry, leveraging combined resources and intelligence system.
As part of the agreement, the UK based company will now be an integral part of implementing comprehensive counter fraud programs to reduce cost of insurance fraud for consumers in the country, by effectively managing all investigations through GlobalTrak.
GlobalTrak is a case management and intelligence system, which allows underwriters to rapidly take decisions on potentially fraudulent claims and provide metrics for better fraud prediction trends across all lines of business.
Headquartered in Orlando, Florida with offices in London, Glasgow, Philadelphia, Chicago and Sacramento, GlobalOptions provides investigative products and services to insurance carriers, self-insured corporations, and third-party administrators.
