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Implementation Covers Auto Sector for one of Mexico’s Leading Insurers

PARIS & BOSTON – March 5, 2020 – Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry today announced that Seguros Banorte, one of the leading insurers in the Mexican market, has selected the company for fraud detection. As a result, the carrier will deploy Force, Shift’s fraud detection solution, to identify illegitimate claims impacting their auto insurance business.

"We have always believed that fast and accurate fraud detection is a critical aspect of an insurer's overall ability to deliver an exceptional customer experience," explained Jeremy Jawish, CEO and co-founder, Shift Technology. "Through our technology, we help Seguros Banorte accelerate the compensation process for legitimate auto claims by separating them from those that may be fraudulent. As important, they can avoid paying compensation for ‘bad’ claims which ultimately benefits all honest policyholders.”

About Shift Technology

Shift Technology delivers the only AI-native fraud detection and claims automation solutions built specifically for the global insurance industry. Our SaaS solutions identify individual and network fraud with double the accuracy of competing offerings, and provide contextual guidance to help insurers achieve faster, more accurate claim resolutions. Shift has analyzed hundreds of millions of claims to date and was named by CB Insights to the 2018 Global AI Top 100. For more information please visit www.shift-technology.com.

Contact:

Shift Technology

Rob Morton

Corporate Communications

rob.morton@shift-technology.com

617-416-9216