Insurance fraud is on the rise and shows no sign of slowing. Are your clients or prospects trying to pull a scam? Industry experts share their red flags for fraud.
Data-driven technology has allowed insurers to automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes.
Data-driven technology has allowed insurers to automate much of underwriting in some areas of P&C, but the larger goal of transforming underwriting form an art to a science is achieved by making better use of business intelligence to increase efficiency and improve outcomes.
The customer may be king, but insurers cant afford to treat every customer like one. Knowing who to retain, who to target for up-selling and who deserves royal treatment are goals behind todays customer analytic solutions.
The customer may be king, but insurers cant afford to treat every customer like one. Knowing who to retain, who to target for up-selling and who deserves royal treatment are goals behind todays customer analytic solutions.
Though predictive modeling has long been considered a natural fit for claims fraud detection, results have been mixed. To better utilize this powerful tool, insurers must examine past flops and build a stronger defense.