Success stories

Real time Claims fraud detection for a large insurance provider in US

Written by Admin | Jul 17, 2024 5:38:19 AM

A large US insurance provider faces significant financial losses due to fraudulent claims. Traditional methods of detecting fraud are often reactive and rely on manual review after a claim is submitted. This reactive approach allows fraudulent claims to be paid out before detection, impacting the company's bottom line and potentially raising insurance premiums for honest customers.