£85 million of fraud detected by in 2015 but whiplash fraud increases by over 9%.
Insurers must be able to access and analyse more of its internal data to improve further. Typically 85% to 90% is inaccessible! AI and machine learning are of no use in these cases.
Analyse this AND
- join with the 90% of structured data already analysed
- Join external and third party data
- Exploit watch lists
- Augment Fraud professional's nouse with augmented intelligence
Watch this short video for practical and proven solution
The insurer rejected one in 10 whiplash claims last year for proven or suspected fraud. In addition, the number of rejected claims increased across motor bodily injury, household and liability lines.