Use Case

Claims Fraud Investigation

The Challenge

Insurance fraud costs big money for insurers; P&C fraud amounts to about $30 billion each year, comprises about 10% of P&C insurance losses and loss adjustment expenses each year.

The Solution

Use DETECT, industry-leading AI Anti-Fraud technology, 1) to detect claims fraud quickly and accurately with lower cost — minimize investigator workload while reducing pay-outs on fraudulent claims 2) to enable efficient claim handling and improved detection accuracy by bringing automation and standardization to the fraud detection and investigation process

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