Global Fintech Series: How AI Is Enabling Advanced Fraud Detection for Insurance Claims
In the ever-evolving landscape of insurance, detecting fraudulent claims is a critical yet challenging task. Traditional methods have often fallen short, leaving insurers vulnerable to sophisticated fraud schemes. However, advanced artificial intelligence (AI) and machine learning (ML) techniques are revolutionizing this space, notably through the use of cohort analysis, to enhance fraud detection capabilities. This innovative approach offers a proactive and precise solution to identify and mitigate fraudulent activities.
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