Valuable data that solves discrepancies saves money and reduces fraud
Why do insurer's ignore 80%, maybe 90% of crucial data? There are reasons such as it being unstructured, in multiple formats, in silos...
unknownx500
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InsurTech World Archive
unknownx500
To combat fraud insurers turn to augmented intelligence
Not just USA- in UK applying business rules gained from big data analytics to flag potential fraud has lead to auto insurance...
unknownx500
Blame it on the fraudsters
Fraudsters are by nature generally smart and unpredictable- as soon as an insurer identifies a particular scam they change the modus...
unknownx500
Whiplash - fraudulent claims still prevalent
Aviva rejects circa 13% of whiplash claims as fraudulent and the trend is rising. How many of the 87% accepted were fraudulent? Too many.
unknownx500
Unstructured data a brake on AI adoption
80% of modern data unstructured and insurers rarely access more than 10% of data stored in silos from various mergers and acquisitions.
unknownx500
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