CARCO Inspect

What is CARCO Inspect?

CARCO Inspect offers advanced fraud and risk prevention technology designed to protect insurance carriers and consumers from potential risk events and fraudulent activities. With its Mobile AI Fraud Prevention application, CARCO Inspect streamlines the inspection process, providing a dual-functionality platform for designated inspection site locations and self-inspections. The integrated AI and fraud alert validation technology ensures a smooth and efficient process, detecting and deterring fraud while providing a positive customer experience in just minutes.

One of the standout features of CARCO Inspect is its use of NMVTIS, the premier publicly available system in the U.S. that requires reporting of vehicle title data from various entities. This ensures that all insurance carriers, auto recyclers, junk and salvage yards, and states are accountable for providing accurate vehicle information, further enhancing the fraud prevention measures undertaken by CARCO Inspect. By leveraging advanced Mobile AI technology, CARCO Inspect offers a holistic approach to identifying, detecting, and reducing fraud within the insurance industry.

CARCO Inspect boasts a vast network of over 4,500 inspection sites across 17 states, providing convenient access for policyholders to complete pre-insurance vehicle inspections. With a track record of over 50 million transactions completed electronically, CARCO Inspect has become a trusted partner for 170+ insurance carriers over the past 40 years. Through its Predictive & Prescriptive Risk Profiling Analytics, CARCO Inspect helps identify high-risk prospect policyholders and flag them for further scrutiny using the Mobile AI fraud prevention inspection application.

Did you know that CARCO Inspect has saved the insurance industry billions of dollars by avoiding fraudulent damage claims? With its Central Data Repository and fraud detection services, CARCO Inspect processes over 11,000 vehicle fraud cases per day, contributing to the prevention of potential fraud worth $41 for every $1 invested in inspections. The quick turnaround time of 99% of pre-insurance vehicle photo inspections within 24 hours underscores CARCO Inspect's commitment to efficiency and accuracy in combating insurance fraud. Trust CARCO Inspect to safeguard your business and client base from fraudulent activities.

CARCO Inspect Features

Feature 1: CARCO Inspect Mobile AI Fraud Prevention Application

The CARCO Inspect Mobile AI Fraud Prevention Application is a cutting-edge tool designed to identify and prevent risk events and fraudulent activities that can negatively impact insurance carriers and consumers. This technology is essential in highly competitive and challenging environments where fraud detection is crucial.

• The Mobile AI Fraud Prevention Application is dual-functional, serving as both a designated inspection site location and a self-inspection tool. It streamlines and automates the inspection process through integrated AI and fraud alert validation technology. This technology can be easily integrated into mobile platforms, contains costs, and detects and deters fraud effectively. The application also provides a back-office solution and an integrated processing system powered by a fraud analytics engine.

Feature 2: NMVTIS Integration for Fraud Prevention

CARCO Inspect integrates the premier NMVTIS system into its fraud prevention technology to provide additional layers of protection against fraudulent activities. NMVTIS is a publicly available system in the U.S. that mandates reporting of vehicle title data by insurance carriers, auto recyclers, junk and salvage yards, and states.

• The integration of NMVTIS allows CARCO Inspect to access critical vehicle title data, which enhances the overall fraud prevention capabilities of the system. By cross-referencing this information with inspection data, CARCO Inspect can identify discrepancies and potential fraud indicators more efficiently.

Feature 3: Central Data Repository for Fraud Investigation

CARCO Inspect's Central Data Repository is a valuable resource for insurers, special investigative units, and law enforcement agencies in investigating fraudulent activities related to vehicles. The repository contains a wealth of data points that help in identifying and prosecuting individuals involved in fraudulent schemes.

• The Central Data Repository is used to investigate approximately 11,000 vehicle fraud cases per day, with 175 million new fraud preventive data points being added annually. This database plays a crucial role in identifying high-risk individuals and vehicles, contributing to the overall reduction of fraudulent activities in the industry.

How to Use CARCO Inspect?

• Visit the CARCO Inspect website to learn more about its fraud and risk prevention technology.
• Understand the importance of mobile AI technology in preventing risk events and fraudulent activities.
• Familiarize yourself with the services and solutions provided by CARCO Inspect.

• Navigate to the CARCO Inspect homepage.
• Click on the 'Agent Login' or 'OPTIS Client Login' to start the account creation process.
• Follow the prompts to provide necessary information and set up your account.

• Access your account through CARCO Inspect.
• Locate the section for mobile applications.
• Download the Mobile AI Fraud Prevention application on your mobile device.
• Install the application and log in using your CARCO Inspect credentials.

• Open the Mobile AI Fraud Prevention application.
• Select the option to utilize the application as a designated inspection site location.
• Input the required details for setting up the inspection site.

• Open the Mobile AI Fraud Prevention application.
• Choose the self-inspection option.
• Follow the guided prompts to capture necessary photos and information for the vehicle inspection.

• Complete the inspection process on the Mobile AI application.
• Ensure all photos and required information are correctly entered.
• Submit the inspection data through the application.
• Wait for the application to process and validate the submission using CARCO Inspect’s integrated AI technology.

• Log in to your account on CARCO Inspect.
• Navigate to the 'Check Your Inspection Report Status' section.
• Enter the inspection ID or relevant details to track the status of your inspection report.

• Go to the CARCO Inspect website.
• Visit the 'Policyholder Resources' section for additional tools and information.
• Utilize resources such as the inspection site locator and FAQs.

• Enable notifications for fraud alerts within the Mobile AI application.
• Monitor real-time alerts provided by CARCO Inspect to stay informed about any potential fraud activities.
• Use the alerts to take timely preventive actions.

• Log in to your CARCO Inspect account.
• Navigate to the 'Central Data Repository' section.
• Utilize the repository for detailed vehicle title data and risk profiling analytics.

• Explore the various services offered by CARCO Inspect such as NMVTIS, CheckThatVIN, and Open Recall Information.
• Integrate these services into your risk prevention and fraud detection processes.
• Regularly update your knowledge by visiting the CARCO Inspect News section.

CARCO Inspect Frequently Asked Questions