Hope or hazard? Generative AI takes center stage for Fraud Week 2023
As the sun rises on another International Fraud Awareness Week, Nov. 12-18, 2023, it shines on a world perhaps more fraud conscious than at any time in...
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ChatGPT: An insurer’s friend or foe in the fight against insurance fraud
The hype around ChatGPT and other artificial intelligence is hard to escape. The importance of learning the risks and advantages of...
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Will we need AI to monitor AI?
As we look at technology in this month’s issue, artificial intelligence jumps out as the trend that continues to create the...
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Instnt introduces biometric digital ID supporting SSI for insurance sector
New York-based Instnt, which provides technology for preventing insurance fraud, is launching a decentralized digital identity for consumers to ease onboarding of...
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Marine urged to adapt as fraud, digitalization, and net-zero ambitions grow
The last day of the annual International Union of Marine Insurance (IUMI) conference in Edinburgh, Scotland, much like the previous days...
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Digital fraud attempts in Canada spike 189% from pre-pandemic, reveals new TransUnion report
Despite a return to something more closely resembling pre-pandemic levels in 2022, the TransUnion (NYSE: TRU) 2023 State of Omnichannel Fraud Report found...
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How will AI impact the insurance industry?
Artificial intelligence (AI) is reshaping the insurance industry by verifying data, assessing risk, detecting fraud and lowering human error. The Importance...
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AI in Insurance: How does it affect businesses?
Widespread market adoption of digitalization and artificial intelligence (AI) usually reflects the advantages they offer to companies in an industry. Their clients gain...
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Verisk modernizes system to combat insurance fraud in Israel
Verisk announced the launch of its new ClaimSearch system in Israel. Developed in collaboration with the Israel Insurance Association and with the backing of the...
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Tackling the terrors of insurance fraud with AI
According to the Insurance Fraud Detection Market Research, 203, the global insurance fraud detection market size was valued at $3.3 billion...
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