From deepfakes to dodgy dealers: How AI and scams are driving up insurance risk
Recently a LinkedIn post went viral in which a woman faked her own car accident. She used AI to generate images...
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CLARA Analytics study reveals AI as early warning system for insurance fraud
A groundbreaking CLARA Analytics study on fraud detection in property and casualty insurance claims has revealed that advanced analytical methods can accurately identify...
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AI lessons from the cloud
The cloud didn’t disrupt the insurance industry overnight. What it did was unlock the conditions for disruption. Suddenly, lean startups could...
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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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