Verify watch authenticity and theft status for accurate risk assessment. Prevent fraudulent claims and ensure proper coverage with our insurance-grade verification platform covering 13,000+ stolen timepieces.
Comprehensive fraud protection
Understanding the financial impact on insurers
Reduce fraud, assess risk accurately, and protect your bottom line with comprehensive watch verification services
Identify fraudulent claims before payout by verifying if claimed watches are actually stolen, preventing significant financial losses.
Accurately assess policy risks by verifying watch authenticity and theft history during underwriting process.
Streamline claims investigation with instant verification results, reducing investigation time and costs.
Document due diligence efforts with verification reports that provide legal protection in disputed claims.
Build customer confidence by demonstrating thorough verification processes and fair claim handling.
Access valuable data insights about watch theft patterns to improve risk models and pricing strategies.
Real fraud patterns that cost insurers millions annually
Policyholder claims their watch was stolen but actually sold it or hid it to collect insurance money.
Policyholder claims a replica or lower-value watch is an expensive authentic piece to inflate payout.
Same stolen watch is claimed by multiple policyholders across different insurers to multiply payouts.
Policyholder purchases insurance after watch was already stolen, then files claim shortly after.
Criminal networks file multiple coordinated claims using stolen or fake documentation.
Policyholder arranges fake theft with accomplices to create believable claim scenario.
Integrate verification into your claims and underwriting process
Verify watch authenticity and value during the underwriting process to ensure accurate risk assessment and premium pricing.
When a theft claim is filed, immediately verify the watch against our stolen database to check for previous theft reports.
Use verification results to guide investigation efforts and determine claim validity with documented evidence.
Make informed claim decisions based on comprehensive verification data and documented investigation results.
Compare the cost of fraud versus prevention
Save $153,000 per prevented fraud case with 942% ROI in first year
Seamlessly integrate with your existing systems
Connect directly to your claims management system with our RESTful API for automated verification.
Access our web-based platform for manual verification during claims investigation and underwriting.
Upload spreadsheets for batch verification of multiple watches for portfolio analysis and risk assessment.
What insurance professionals say about StolenWatch
"StolenWatch has revolutionized our claims investigation process. We've identified and prevented over $2 million in fraudulent claims in just the first year."
"The integration was seamless and the fraud detection rate has exceeded our expectations. Our loss ratios have improved significantly."
"Real-time verification has transformed our claims processing. We can make informed decisions instantly while protecting legitimate policyholders."
Join leading insurance companies using StolenWatch to reduce fraud and improve profitability