Rapid growth in new markets often leads to higher claims frequency and severity. As insurers bring in large numbers of new policyholders, they face greater exposure, especially in the beginning. Fraudsters may target insurers entering new regions, exploiting gaps in controls and oversight, which can result in more frequent and higher-value fraudulent claims. To address these challenges, insurers are increasingly turning to artificial intelligence (AI), which helps close these gaps by analyzing vast volumes of data, spotting hidden patterns, and adapting quickly to new market dynamics to flag suspicious activity early.
Shift Claims Fraud and Shift Underwriting Risk work to stop fraud before it impacts the bottom line. With AI-powered accuracy, they uncover hidden risks, reduce false positives, and surface fraud and misrepresentation in real-time, driving stronger ROI and greater confidence across claims and underwriting.
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