Fraud fight on a knife edge as technology presents serious challenges
Two of the insurance industry’s leading fraud experts have warned the sector is losing the battle against criminals as the use...
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Aston University partners with appliance care experts to develop new AI tools capable of detecting insurance fraud
Domestic & General says off-the-shelf fraud detection technologies are not currently fit-for-purpose and its current system is only partially automated. According...
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Insurers should look at AI with a domain-based approach: McKinsey
While most insurers have started to implement AI, few are benefiting from the technology across all business processes. Carriers that take...
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How AI can improve insurance coverage
CSIRO, Australia’s national science agency, and the Insurance Council of Australia (ICA) have released a report outlining how artificial intelligence (AI)...
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Verisk adds Legentic fraud detection tech to ClaimSearch platform
Verisk has partnered with Legentic to incorporate two fraud detection tools into its ClaimSearch platform in the US. The integration of these...
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Industry Voice: Battling AI-driven fraud in insurance and healthcare
Artificial Intelligence (AI) is transforming the insurance and healthcare industries, driving improvements in efficiency and service delivery. At the same time, however, it is...
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The Insurance CX Upgrade: AI and Virtual Assistants in Action
CSAA Insurance Group uses AI at every touchpoint—from virtual receptionists to fraud detection—to serve smarter and faster. The Gist Artificial Intelligence...
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From gut instinct to data-driven: How advanced data analytics is transforming insurance
Data is no longer a backend enabler—it is the engine driving transformation across the insurance value chain. What was once guided...
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Instnt partners with Munich Re to expand fraud insurance capacity
Instnt, a venture-backed insurance technology company, has announced a strategic partnership with global reinsurer Munich Re to expand reinsurance capacity for...
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AI improves insurance fraud detection by 14 times, issues policy within 15 minutes
Artificial Intelligence (AI) in the insurance sector is now carrying about half of the workflow. As a result, the time to...
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