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Insurance / In the News

How AI Uncovers Fraud in High Volume, Low Value Claims

Daisy Intelligence avatar Daisy Intelligence
May 10, 2022 11:03:00 AM

An article by Daisy Founder and CEO Gary Saarenvirta has been featured in PropertyCasualty 360. 

The article discusses the difficulty of investigating high volume, low value claims and how AI can support with investigation efforts while uncovering previously unidentified fraud.

"With resources stretched thin, special investigations teams don’t have the capacity to review low-value claims (i.e., claims for minor windshield damage) and instead write them off...Tackling fraud and automating claims processing with artificial intelligence, which processes and compares millions of claim details in real time, will alleviate the strain on insurers and proactively avoid fraud that may have otherwise gone undetected – resulting in significant time and financial savings," says Saarenvirta.

Read the full article from PC360 here. 
Insurance, In the News
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