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Allied Universal Acquires Investigative Risk Management to Expand Reach

Security giant brings advanced fraud detection and cross-border capabilities to the Canadian insurance claims market.

Security and facility services company Allied Universal announced the acquisition of Investigative Risk Management, a workplace and insurance claims investigation firm based in Ontario, Canada.

The acquisition integrates IRM into Allied Universal Compliance and Investigations, the company's global insurance claims services division. Financial terms of the deal were not disclosed.

The merger establishes a dedicated Canadian investigative workforce, allowing the compliance and investigations unit to provide fraud detection, insurance claims investigations and risk assessments across the country. The move also enhances Allied Universal's capacity to manage cross-border investigations across North America.

As part of the integration, Allied Universal plans to launch its proprietary fraud-detection analytics and risk assessment tools, including Third Eye and PartnerLink, in Canada. The technology aims to help clients identify fraud risk earlier in the claims process.

Company officials said the combination of Allied Universal's software with IRM's existing operations in digital forensics, intelligence-led surveillance and cybersecurity will create an integrated platform designed to speed up claim resolutions.

Following the acquisition, IRM will continue to provide its standard investigative services while incorporating Allied Universal's technology.

About the Author

Jesse Jacobs is assistant editor of SecurityToday.com.

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