Life and Health Insurance Industry is Taking the Fight to Fraudsters
By Life/Health Professional
To address that challenge, the CLHIA recently announced an initiative with Shift Technology. Under the program, anonymized claims data will be pooled from millions of records across the industry and analysed using artificial intelligence (AI) to better identify benefits fraud. According to Frank, member insurers will be phased in as they join the initiative, but even now he sees huge interest and excitement across all levels and sizes of insurers.