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LONDON, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that its Fraud Detection solution has ...
SAN MATEO, Calif. & PARIS--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) announced Shift Technology as its strategic partner for insurance-based decisioning solutions. Shift’s products enable artificial ...
...technologies enable insurers to analyze vast data sets in real-time, identify suspicious patterns, and flag potential fraudulent claims for further investigation.” — Shannon Howard-Eldridge NEW ...
Financial fraud loss is on the rise. In 2024, 40% of financial institutions saw an increase in fraud-related losses compared to 2023. The cost of fraud loss for financial institutions goes beyond ...
The global Claims Processing Software Market was valued at USD 5.2 billion and is projected to reach USD 10.1 billion by 2033. The market is expected to grow at a robust CAGR of 8.5% during the ...
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AI-Based Insurance Fraud Detection: Hybrid Models Will Help Minimise Losses And Improve Accuracy
In one of the major breakthroughs in the insurance sector, an experiment by a researcher, Chetan Sasidhar Ravi, which was published in the journal ThinkAI by Springer, has come up with complex hybrid ...
Insurance is perhaps the most challenging area of software development. Its processes are regulated by strict rules, shifting policy rules and heavily embedded legacy systems, making conventional ...
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