An estimated $80 billion in fraudulent claims are made every year in the U.S. alone . Machine learning can be used to find subtle patterns in your data and more accurately flag suspect claims. In addition, machine learning can be used to reduce false positive events and thus improve both operational efficiencies and your customers' experience.
Interested in using AI to automatically detect fraud? Contact us and lets dig in together.
1. Coalition Against Insurance Fraud http://www.insurancefraud.org/the-impact-of-insurance-fraud.htm