Detecting Insurance Fraud is Heating Up

An inflated value for stolen property. A body shop estimate that happens to include pre-existing damage. Medical charges for nonexistent conditions. It’s all small potatoes, a victimless crime, fair compensation for spiraling premiums and deductibles, right?

That attitude seems to prevail among business and consumers these days. According to an Accenture survey  30 percent of claimants aged 18 to 34 admitted overstating their losses when they last submitted a claim. Add to this the significant increase in organized claims fraud – staged and induced accidents, organized use of accident management companies and crooked doctors, to name just a few examples – and we’re now well outside the realm of small potatoes.

With all this happening is obvious why insurance fraud is a hot topic and to help solve this issue the industry’s finest Special Investigation Unit members are getting together at the annual IASIU conference from September 8th  to 11th  in the heat of Phoenix. At this event they will discuss best practices for detecting, investigating and deterring insurance fraud, especially technologies like artificial intelligence.

If you are attending the conference and wish to learn more about how Shift Technology is transforming the insurance industry please stop by Booth 320. One of insurance experts will be able to demonstrate Force, our AI-native fraud detection solution.

Shift Perspectives

First Central Goes Live with Shift Insurance Suite to Mitigate Fraud in Application and Claims Processes

Februar 23, 2021

Read more

Entdecken Sie, wie Ihnen Shift dabei helfen kann, die Entscheidungsfindung in Versicherungsfällen auf eine völlig neue Ebene zu heben.

Abonnieren Sie die Nachrichten und Updates von Shift Technology.

  • Dieses Feld dient zur Validierung und sollte nicht verändert werden.
twitter linkedin instagram arrow-down arrow-left arrow-right close-icon search-icon checkmark-icon