![]() ![]() The solution is hosted on the cloud, and made available via a subscription model. Looking at counter-fraud operations across the entire lifecycle, the solution incorporates advanced analytics and investigative analysis throughout the entire process, with powerful “out-of-the-box“ machine learning models for fraud detection, and IBM Watson tools that enable clients to train new AI models for counter-fraud efforts.Īs a result, Luxoft Financial Crimes Intelligence with IBM Technology is designed to enable insurance clients to develop new and advanced machine learning and AI fraud management models. IBM FCI uses advanced analytics and machine learning to detect suspicious claim and policy activity across the “observation space” and routes that activity to an insurer’s investigative unit. The new Luxoft Financial Crimes Intelligence with IBM Technology is an end-to-end software-as-a-service solution for insurance fraud detection and investigation that integrates IBM Financial Crimes Insight (FCI), which runs on IBM’s integrated data and AI platform, Cloud Pak for Data. ![]() 2 And in the UK, 469,000 insurance frauds were detected by insurers in 2018, with a value of £1.2 billion according to the most recent figures released by the Association of British Insurers 3 on their website. family between $400 and $700 per year in the form of increased premiums. 1 Insurance fraud can cost the average U.S. The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year according to the U.S. A new fully-hosted and managed service designed to help insurance companies improve their fraud detection processes ![]()
1 Comment
7/27/2023 02:01:39 pm
Nice information! An Investigative Agency always put the highest standards of integrity and professionalism. We providing expert investigative and fraud mitigation services for nearly 60 years helping our clients Decide Without Doubt.
Reply
Leave a Reply. |