Counter fraud by improving detection
$32 billion is the estimated cost of P&C fraud each year in the US alone, as per the Insurance Information Institute.
Deter, prevent and intercept fraud to help prevent losses with IBM Financial Crimes Insight for Insurance, a fraud early detection tool that uses a wide variety of advanced analytics and big data. The solution improves both detection processes and decision making, helping insurers to expand the observation space within the institution and to speed investigations.
Stop multiple types of medical fraud with powerful AI analytics from IBM. Watch the video to learn more about fraud early detection.
Stop fraud before it starts
Avoid fraudulent claim payment costs. Reduce pay and chase situations. Uncover staged accidents, ghost claims, exaggerated injuries, crash for cash and swoop-and-squat scenarios.
Reduce false alerts
Improve decision making accuracy and cut false positive alerts. Ingest large volumes of data through various analytic lenses. Instantly route suspicious schemes to the SIU.
Give your investigators the data and analytics they need. Evaluate risk in the context of everything you know.