Detecting Insurance Fraud is Heating Up

by Stuart Rose

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

Saludsa が Shift Claims Automation(シフト・保険金支払プロセスの自動化)を採用

by Shift Technology

September 23, 2021

Read more

シフトテクノロジー、世界をリードするエンタープライズ クラウドマーケットプレイス「Salesforce AppExchange」 への新たな追加ソリューションとして、「Shift Claims Automation」を発表。

July 21, 2021

Read more

シフトテクノロジー社が 2021年Microsoft France Industry Award Partner of the Yearを受賞

July 13, 2021

Read more

保険に対する意思決定を変革するためにシフトがどのように役立つかをご紹介します。

シフトテクノロジーのニュースと最新情報をご購読ください

  • This field is for validation purposes and should be left unchanged.
クッキーを管理する