The Role of AI in Enhancing Fraud Detection in Insurance

The Role of AI in Enhancing Fraud Detection in Insurance

Blog Article

Fraud is becoming a bigger problem for the insurance industry in the digital age. Insurance fraud damages policyholders’ trust in insurers and is not simply expensive. The complex strategies used by fraudsters are surpassing the effectiveness of traditional methods of fraud detection, even though they are still useful to some degree. Herein lies the role of artificial intelligence (AI), which provides a potent remedy to improve fraud detection and prevention....

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