Fraud Detection

Signs That May Indicate Worker’s Compensation Fraud

The National Insurance Crime Bureau (NICB) pegs worker’s compensation fraud as a fast-growing menace, resulting in damages of over $7 billion annually. Certain early warning signs may point to fraudulent claims. Here is a look at the red flags that need further investigation to determine whether or not fraud is being perpetrated. Employee fraud 1. …

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How AI Saves Time in Worker’s Compensation Fraud Detection

In the area of worker’s compensation fraud detection, AI-powered software is making the identification of fraudulent activity and the overall fraud management function efficiently. Generate critical reports within minutes When an individual or an external agency tip-off special investigating unit then proving it with sufficient documentation is the logical next step. But sifting through mountains …

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7 Reasons to Embrace Machine Learning to Detect Worker’s Compensation Fraud

Workers’ compensation fraud is more common than you may imagine. It may perpetrated by any stakeholder in the insurance ecosystem. Detecting fraud manually is an impossibly time-consuming task. Equally inefficient is meeting information requests from the District Attorney’s office or an external agency – if you’re still not using a new technology solution. Specifically, solutions …

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