Insurers Deploy Predictive Analytics, Synthetic Intelligence in Fraud Battle

Insurers are having a more substantial share of suspicious declare referrals from fraud-detection know-how and are increasingly using artificial intelligence to sift as a result of info, in accordance to a new review by the Coalition Versus Insurance plan Fraud and SAS.

The Insurance Fraud Engineering Review observed that 80% of respondents to a study of Coalition customers taken last October and November noted that they use predictive analytics to detect fraud, up from 55% in 2018. The use of text mining has doubled, leaping to 65% from 33% all through the a few-12 months period.

“These conclusions confirm

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