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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 ...
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 ...
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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 ...
Which seems like a better use of money — more than a decade of federally funded cancer research or one year’s worth of fraudulent insurance claims? The price tags, it turns out, are the same: $80 ...
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