Insurers’ use of predictive analytics to fight fraud has reached an all-time high, according to an insurance fraud technology study by the Coalition Against Insurance Fraud and SAS. The study reveals that 80% of insurers use predictive modeling to detect fraud, up from 55% in 2018. In a category new to the 2021 survey, the… Continue reading Use of AI to Fight Insurance Fraud Hits All-Time High
Tag: predictive analytics
North America Life Insurers Embrace Predictive Analytics to Elevate their Business
North America’s life insurance industry will increase its investment in predictive analytics capabilities over the coming years, according to Willis Towers Watson, a leading global advisory, broking and solutions company. Findings from the company’s Life Predictive Analytics Survey show that life insurers recognize they need to invest in predictive analytics to address earnings and profitability… Continue reading North America Life Insurers Embrace Predictive Analytics to Elevate their Business