According to the Insurance Information Institute, the estimated cost of property and casualty insurance claims fraud is $32 billion in the US alone. And these losses are only growing.
Deter, prevent and intercept multiple types of insurance fraud with IBM Financial Crimes Insight for Claims Fraud.
Avoid payment costs and reduce pay and chase situations arising from insurance claims fraud.
Ingest large data volumes. Improve decision-making accuracy and cut false positive alerts.
Give your claims fraud investigators the needed data and analytics to assess risk in holistic context.
Identify ghost claims, exaggerated injuries, crash for cash and swoop-and-squat scenarios.
Would you like to learn more or need to schedule an appointment? Please click here