How serious a risk is AI-driven insurance fraud?
Recent data on insurance fraud is hard to come by. Estimates suggest that 10% of claims are either fabricated or inflated....
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CLHIA taps AI to bolster financial stability, fight claims fraud
The Canadian Life and Health Insurance Association (CLHIA) is expanding its data pooling program and increasing its use of artificial intelligence...
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Shelter Insurance adopts Shift Technology’s fraud detection solution
Shelter Insurance has implemented Shift Technology’s Shift Claims Fraud Detection solution in order to optimise defences against auto and property insurance fraud. Following...
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Shelter Insurance adopts Shift Technology’s fraud detection tool
Shelter Insurance has implemented Shift Technology’s Shift Claims Fraud Detection tool to enhance defences against auto and property insurance fraud. The...
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From AI deepfakes to wire transfer fraud, cyber risks are growing for high-net-worth individuals
Personal cyber coverage has been offered as an add-on to a homeowner’s policy. However, as cyber threats have grown more sophisticated...
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How bad is deep fake fraud?
I’m listening to a fascinating podcast from the BBC about Whisky Bandits. The scam is that you buy a cask of whisky...
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FleetCheck warns of rising AI insurance fraud risk
The threat of AI-enabled insurance fraud is growing rapidly for vehicle fleets, driven by dramatic improvements in the realism of AI-generated...
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AI-generated images now being used for motor insurance fraud – report
Some drivers may be using AI-generated images to present exaggerated vehicle damage in motor insurance claims, according to industry sources. Image-generation...
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AI insurance fraud poses growing threat to fleets as image quality improves
The dangers of AI-enabled insurance fraud are growing for fleets as image quality continues to rapidly improve, FleetCheck has warned. Neil...
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AI vs. insurance fraud?
The U.S. insurance industry is a colossal $2 trillion in market value, with P&C) insurers accounting for nearly half of that...
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