Fraud & SIU Services unit (FS) of GlobalOptions Group (GLO), a provider of domestic and international risk mitigation and management services, has signed a three-year contract with ULLICO.
Under this contract, FS would serve as the provider of investigative and SIU services for ULLICO and its subsidiaries, including ULLICO Casualty and The Union Labor Life Insurance. GLO will offer SIU and surveillance services to assist in exposing potential insurance fraud.
GLO stated that it will use enhanced GlobalTrak proprietary enterprise risk mitigation and management suit, under the service offering to ULLICO. It provides tools like evidence processing and management and audio and video surveillance file management, including client companies with contacts and status reports in real time.
Craig Arneson, AVP, Operations of ULLICO, said: “We chose GlobalOptions’ Fraud & SIU division for their proven track record in helping companies manage risk and identify fraud across all areas of the insurance spectrum. As we cater to a specific clientele, we are especially pleased to work with the recognized leader in their field.”
