Perspectives
Improve Underwriting Profitability by Stopping Fraud at the Door
August 30, 2024
Proactively manage the book of business
Improve underwriter efficiency
Enhance policyholder experience
Industry expertise
Identify anomalies using AI to enhance underwriting decisions throughout the policy lifecycle
Improve pricing
Enhance rating accuracy by identifying policy misrepresentation.
Detect policy fraud
Automate external data access
Ghost Broking: Using AI to Stop the Growing Risk for Underwriters
Underwriters across the world have been stepping up to the challenges of digital policy fraud by deploying advanced AI, and the result is more than just fraud stopped. Underwriting and Policy Fraud experts James Tesdall and Gareth Evans discuss how Shift’s AI-powered Underwriting Risk Detection is helping insurers bust ghost broking networks across the world, and why AI is uniquely positioned as the tool Underwriters can use to stop this form of policy fraud.
Customer Success Stories
“A perfect example of what happens when a customer-first insurer adopts powerful technology”
Amica
"Shift's Underwriting Risk Detection generates more than $30M in annual underwriting mitigation while maintaining Underwriting staff levels.”
Top 5 US Auto Insurer
“We can best achieve our goals … by applying the right technology solutions to the challenge”
Markerstudy
Learn how Shift can help you successfully identify, investigate and prevent more fraud