Fraud detection in Insurance using AI

 

 

Nowadays fraud detection in insurance is challenging as it occurs in various patterns and types. It's becoming a very tedious, time-consuming, and highly error-prone task to analyze large data sets manually and detect fraud. The machine learning algorithm these days is used to analyze data and find patterns. AI-based machine learning models learn from data without having to rely on predetermined rules and shape their own rules by figuring out what matters. AI techniques detect complex anomalies or patterns in user behavior or the nature of transactions by comparing the data from previously used models and inspecting fraud in the form of rules. Aurify systems offer AI-based solutions for fraud detection in Insurance Industry.

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