--- title: Risk Insights | Accurate and Fair FS algorithms description: Independent reviews of claims fraud triage, credit scoring, broker commissions and fee calculations for banks, insurers and credit unions. Risk Insights. Financial services algorithm integrity. Helping banking and insurance leaders make sure their data does not disadvantage or harm customers. image: https://riskinsights.com.au/hubfs/Risk-Insights-Apple-Touch-Icon.png --- [Skip to content](https://riskinsights.com.au#main-content) [![Risk Insights - Logo - (RGB, Horizontal, Small)](https://riskinsights.com.au/hs-fs/hubfs/Risk%20Insights%20-%20Logo%20-%20(RGB%2c%20Horizontal%2c%20Small).png?width=200&height=40&name=Risk%20Insights%20-%20Logo%20-%20(RGB%2c%20Horizontal%2c%20Small).png)](https://riskinsights.com.au?hsLang=en) - [Articles](https://riskinsights.com.au/blog) - [Approach](https://riskinsights.com.au/approach) - [About](https://riskinsights.com.au/about) - [Contact](https://riskinsights.com.au/contact) Open main navigation Close main navigation - [Articles](https://riskinsights.com.au/blog) - [Approach](https://riskinsights.com.au/approach) - [About](https://riskinsights.com.au/about) - [Contact](https://riskinsights.com.au/contact) --- # Models and calculations make mistakes. We find them. # Models and calculations make mistakes. We find them. We provide independent reviews of algorithmic systems in banking and insurance. - Catching errors, logic flaws and potential biases that are easy to miss. - Uncovering these problems before they hurt your customers, [partners](https://riskinsights.com.au/broker-partner-commission-accuracy-reviews?hsLang=en), bottom line, or reputation.   What we're usually brought in to look for: - **Calculations** that don't match what customers were told. - [**Commissions**](https://riskinsights.com.au/broker-partner-commission-accuracy-reviews?hsLang=en)that don't match broker or partner agreements, paid too high or too low. - **Biased claims fraud models** that waste resources on the wrong investigations and treat some customers unfairly. - **Flawed scoring** that rejects good customers or approves risky ones.   How our engagements work: - We check the results against what was **intended** (contracts, product terms, policies), not just whether the process was followed. - You work **directly** with Yusuf, who has 25 years of experience reviewing systems for banks and insurers. - **Fixed price**, typically in the $50,000 to $150,000 range. - Most reviews take **2 to 6 months**. - **Independent**: we don't design or build the systems we review.   --- ## Why is this so hard to get right? It’s not because your team is negligent. It’s because FS data and algorithms are tricky. - **Layers of legacy:** New models sit on top of old systems. Errors creep in where the layers meet. - **Drift:** Models that worked perfectly in 2020 might be unfair today. - **Black Boxes:** It's not always easy to explain how a fee or decision was calculated.   ## We get into the weeds - Moving beyond a simple scan of your policy documents. - Tracing the calculations, stress-testing the logic, and checking the data. - Telling you plainly what’s broken and how to fix it, without the complexity. [Our approach is outlined further here](https://riskinsights.com.au/approach?hsLang=en).   ## We work with senior leaders Heads of claims, fraud, credit and [partnerships/distribution](https://riskinsights.com.au/broker-partner-commission-accuracy-reviews?hsLang=en) in insurers, banks and credit unions. People who want to know their systems are [accurate](https://riskinsights.com.au/blog/accuracy-outcome-focused-approach?hsLang=en) and [fair](https://riskinsights.com.au/blog/fairness-equity-vs-equality?hsLang=en). If this is your situation, [schedule a call.](https://riskinsights.com.au/meetings/yusuf-moolla?hsLang=en) We'll explore your concerns and outline a plan to address them.   ## Explore our articles? Start here: [![A stylised magnifying glass focusing in on specific areas of a complex network, leaving other areas in soft blur. Visual metaphor for selective, focused review scope.](https://riskinsights.com.au/hs-fs/hubfs/magnifying%20glass%20stylised%20focus.png?height=200&name=magnifying%20glass%20stylised%20focus.png)](https://riskinsights.com.au/blog/structuring-the-review-focus-top-down-then-bottom-up?hsLang=en) ## [Structuring the review focus: top-down, then bottom-up](https://riskinsights.com.au/blog/structuring-the-review-focus-top-down-then-bottom-up?hsLang=en) TL;DR • Don’t default to a “standard” or “comprehensive” package. • Start with a simple top-down... [Read this article](https://riskinsights.com.au/blog/structuring-the-review-focus-top-down-then-bottom-up?hsLang=en) [![BIAS vs Money - Justice Scale](https://riskinsights.com.au/hs-fs/hubfs/BIAS%20vs%20Money%20-%20Justice%20Scale%20%283%29.png?height=200&name=BIAS%20vs%20Money%20-%20Justice%20Scale%20%283%29.png)](https://riskinsights.com.au/blog/bias-monetary-impact?hsLang=en) ## [Bias can have a direct monetary impact](https://riskinsights.com.au/blog/bias-monetary-impact?hsLang=en) TL;DR • Preventing bias is not just about fairness. • We explore a scenario in insurance fraud... [Read this article](https://riskinsights.com.au/blog/bias-monetary-impact?hsLang=en) [![Old Ways Wont Open New Doors sign with beach background](https://riskinsights.com.au/hs-fs/hubfs/Old%20Ways%20Wont%20Open%20New%20Doors%20sign%20with%20beach%20background.jpeg?height=200&name=Old%20Ways%20Wont%20Open%20New%20Doors%20sign%20with%20beach%20background.jpeg)](https://riskinsights.com.au/blog/accuracy-outcome-focused-approach?hsLang=en) ## [Algorithmic System Accuracy Reviews – Choosing the Right Approach](https://riskinsights.com.au/blog/accuracy-outcome-focused-approach?hsLang=en) TL;DR • Outcome-focused accuracy reviews directly verify results, offering more robust assurance... [Read this article](https://riskinsights.com.au/blog/accuracy-outcome-focused-approach?hsLang=en) --- We acknowledge Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the lands on which we live and work. We pay our respects to Elders past and present, and honour the rich diversity of the world's oldest living cultures. [View our LinkedIn page](https://www.linkedin.com/company/riskinsightsap) [email us](mailto:info@riskinsights.com.au) [Call us](tel:+61408946143) 2026 Risk Insights Pty. Ltd. | [Privacy](https://riskinsights.com.au/privacy-policy?hsLang=en) | [Disclaimer](https://riskinsights.com.au/disclaimer?hsLang=en)