An Artificial Intelligence (AI) and Machine Learning (ML) enabled application that sits on top of the legacy claims processing systems to automatically enrich it with fraud detection intelligence. With actionable insights, it enables insurers to improve their combined ratio, decrease operational overheads and improve overall customer experience.
Insurers worldwide are facing mounting economic and regulatory pressures on profitability. However, with an increase in fraud in automobile insurance, operational costs for claims data preparation and analysis is on the rise, while post-claims investigations are adding to the customer dissatisfaction.
When coupled with the need of faster claims processing to improve customer experience, it is vital to manage fraud leakages, false positives and operational costs.
What if there is an AI/ML based solution that can help you to deal with the above problems? What if there was a solution that could leverage unstructured external data to identify emerging fraud patterns, like fraud rings, staged accidents, low-speed impacts and much more.
Nia Fraud Detection for Insurance is an Artificial Intelligence (AI) and Machine Learning (ML) enabled application that sits on top of the existing claims processing systems to automatically enrich it with fraud detection intelligence.
The application leverages advanced ML to ingest unstructured data like Vehicle telematics, call logs and transcripts along with internal transactional data to evaluate each claimant’s intent along with evaluating the claim for fraud.
By Leveraging Infosys Nia TM the purposeful AI and automation platform, Nia Fraud Detection for Insurance generates accurate predictions and suggestions to help automate the decision making process and alleviate bottle necks in your business processes. The Nia platform helps you move from descriptive (reactive) to predictive to real time prescriptive analytics and automation.
With Nia Fraud Detection for Credit Cards, enterprises can both fortify and differentiate their business using the real power of data by leveraging recent advancements in AI/ML without having to deal with the complexity that comes along with it.
Nia Fraud Detection for Insurance helps you detect fraudulent claims with realtime risk evaluation of incoming claims It seamlessly introduces insights from external unstructured data to enrich the fraud intelligence, reduce false positives and identify different types of fraud such as fraud rings, staged accidents and low speed impacts (LSI).
Download this whitepaper to know how Computer Vision technologies can overcome the limitations of OCR. They can be used effectively in content extraction from images to identify and demarcate...
Nia Fraud Detection for Insurance is an Artificial Intelligence (AI) and Machine Learning (ML) enabled application that sits on top of the existing claims processing systems to automatically enrich...
Nia Fraud Detection for Credit Cards is an AI/ML based business application, which can non-intrusively supplement a credit card issuer’s existing systems to accurately prioritize alerts for fraudulent transactions.