InsurTechPredict: AI-driven Predictive Analytics for Claims Fraud Detection in Insurance
Keywords:
AI, predictive analytics, fraud detection, insurance, machine learningAbstract
Advanced AI-driven predictive analytics framework is introduced which is InsurTechPredict used for fraud detection in insurance claims processing. By exploiting deep neural networks and anomaly detection algorithms, the model systematically identifies fraudulent claims by analysing complex and multidimensional historical claims data. Traditionally fraud detection methodologies depend heavily on rule-based heuristics, which are prone to high false-positive rates and inefficiencies.
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References
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