#USA #Washington, D.C. #Digital Assets #AXA #MomentProof

MomentProof Revolutionizes Digital Asset Security for Insurance Claims

In a significant milestone for the insurance industry, MomentProof, Inc. has successfully rolled out its patented digital asset protection technology, known as MomentProof Enterprise, to AXA. This groundbreaking deployment marks a pivotal step in ensuring the authenticity of digital assets, such as images and audio recordings, encountered during the insurance claims process.

MomentProof specializes in providing AI-resilient certification and verification technology that safeguards digital assets against manipulation, particularly from AI-powered threats like deepfakes. The company’s approach revolves around certifying media at the moment of capture. This feature means that each digital asset, whether it's an image, video, or voice recording, is secured with cryptographically verifiable data, effectively preventing unauthorized alterations.

A Stronger Foundation for Insurance Claims

Ahmet Soylemezoglu, the co-founder and President of MomentProof, expressed the company's excitement in collaborating with AXA, emphasizing their commitment to ensuring the authenticity of crucial evidence used in claims processing. “Delivering MomentProof Enterprise for AXA demonstrates our commitment to guaranteeing that insurance claims are backed by authentic digital assets resilient to manipulation,” Soylemezoglu noted.

AXA, a leader in the insurance market, has incorporated MomentProof-certified digital assets into its claims workflow, replacing traditional, probabilistic methods of assessing the authenticity of claims evidence. This integration has yielded remarkable results by eliminating uncertainties surrounding the credibility of claim data. By doing so, AXA has not only diminished the risk of fraud but has also drastically reduced the time required for claims processing.

Levent Serinol, Senior Director at AXA, highlighted the efficiency brought about by this innovative solution. “MomentProof-certified images now provide AXA with verified authenticity for all captured claim data, including precise location, timestamp, and information about the recording device, along with confirmation of the authorized person involved,” Serinol explained. He further stated that this robust verification process significantly enhances claims security and operational efficiency at AXA.

What Sets MomentProof Apart?

MomentProof operates on two core phases: Certification and Verification. During the Certification phase, digital assets are cryptographically sealed in real-time, which generates a certificate of authenticity for each item. Meanwhile, the Verification phase delivers deterministic outcomes with 100% cryptographic certainty, verifying the certified assets without ambiguity. This dual approach not only creates a fail-safe for the authenticity of digital assets but also provides a clear record for legal and journalistic applications, ensuring integrity and accountability in documentation.

The applications of MomentProof technology extend beyond the realm of insurance. Its offerings are particularly suited for fields like journalism, law enforcement, digital forensics, and the careful handling of evidence chains. By providing a way to preserve the integrity of digital content from the moment of creation, MomentProof contributes an essential layer of security to numerous sectors.

Future Prospects

MomentProof Enterprise is offered both as a cloud service compliant with GDPR and SOC 2 as well as an on-premises solution, integrating seamlessly with existing systems through its Mobile, Enterprise, and Messaging APIs. Since its founding in 2022 in Europe, the company now operates out of Washington, D.C., and is keen to expand its reach in the U.S. market.

To meet the increasing demand for reliable digital asset protection technology, MomentProof is actively seeking qualified distributors. This strategic move is aimed at fortifying its presence within the rapidly evolving landscape of digital security, ensuring that organizations can effectively combat the growing threat of digital manipulations.

In conclusion, MomentProof’s infusion of cutting-edge technology into the insurance landscape not only bolsters security but also sets a new standard for the reliability of digital evidence in claims processing. As digital assets continue to play a pivotal role in various industries, solutions like those offered by MomentProof will be essential in maintaining trust and integrity in the digital age.