Failover

Fraud Detection

Insurance

 Whether it’s hard fraud (e.g., staged accidents) or soft fraud (e.g., embezzlement), there are always indicators that can suggest a high-risk claimant — while these are often subtle, if they are uncovered they can provide a significantly positive impact on an insurer’s bottom line.

Benefits for the company

Fraudulent activity costs the insurance industry billions annually.

Feasability

High

Type of expertise/ AI domain

Deep Neural Networks, Support Vector Machines, Clustering, Anomaly Detection

Internal data required

Historical Payment and User Activity Data

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