Tag: Fraud Detection
The use of Artificial Intelligence to detect insurance fraud
In insurance, hard-to-detect fraud approaches have been implemented to reduce premiums and recover underpaid premiums. For example, claims for new flat-screen televisions and new products tend to spike around major sporting events, which may be indicators of fraud. Using artificial intelligence to detect this fraudulent activity and alert experts in time to handle the claim ...
AI and Machine Learning in Fraud Detection – How Does it Work?
How AI And ML Help Business In Fraud Detection? Machine Learning is becoming an essential part of fraud detection. It helps companies identify fraudulent activities with high accuracy and speed. ML models require a large amount of data to be used for training. While this issue may not be an issue for large companies, ...