Technology has become the central theme of the current society, and big data is not an exception of evolving the insurance industry. Big data utilization in insurance solutions is not a trend but rather an inevitable change that turns into ...
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The Role of AI in Enhancing Fraud Detection in Insurance
Fraud is becoming a bigger problem for the insurance industry in the digital age. Insurance fraud damages policyholders’ trust in insurers and is not simply expensive. The complex strategies used by fraudsters are surpassing the effectiveness of traditional methods of ...
Redefining Insurance Claim Fraud Detection Through Innovative Technology
This innovation is to lower the risk of fraud by giving users access to an open risk assessment based on their filed insurance claims. The main goal of the project was to create an application that would assess user risk ...