Insurance Claims Fraud Detection Model
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Not Claimed

Claims Fraud is a serious problem for Insurance Companies as it brings down their profits considerably. Currently, This problem is handled using either internal scoring based engines or rely on Third party agencies for investigations. These rule based systems are static in nature and involve lot of manual efforts, making the process slow and prone to errors. To tackle this, Virtusa-GCTS has developed a Machine-Learning based solution which will flag suspect claims as ‘fraud’ and those claims can be subjected to more scrutiny. It uses Boosting based AI models and saves considerable effort.
Developer
Virtusa
HQ Location
N/A
Number of Employees
17,190

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http://www.virtusa.com
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