Fighting Emerging Fraud Schemes With Data and Artificial Intelligence
Report Summary
Fighting Emerging Fraud Schemes With Data and Artificial Intelligence
Technological shifts have enabled sophisticated fraud schemes, but technology can also help carriers fight back.
Boston, July 27, 2017 – Fraud is one of the most critical issues facing global P&C insurance carriers today, not only because of the staggering monetary cost but also because those committing fraud are constantly changing their tactics. In order to keep up in the fight against fraud, carriers must be able to access and deploy the appropriate technology.
This report explores the types of fraud carriers typically face as well as the technology that is available to them and profiles the following firms: BAE Systems, Click-Ins, Digital Recognition Network, DXC Technology, FICO, Friss, Futusome, Giact, Infinilytics, Intellect Seec, iovation, LexisNexis Risk Solutions, RSA, SAS, SmartContract, Synectics, ThreatMetrix, and TransUnion. It is based on 26 Aite Group interviews conducted between March 2017 and June 2017 with industry practitioners at insurance carriers and innovators at technology vendors.
This 42-page Impact Report contains one figure and two tables. Clients of Aite Group’s P&C Insurance service can download this report, the corresponding charts, and the Executive Impact Deck.