Keyword
Fraud Detection
How quantum computing could impact risk management and claims
March 18, 2024 Jason ContantQuantum computing’s impact on P&C insurance operations will be wide-ranging, say several sources who spoke with CU. Almost every sector and department of the industry could be affected, including actuarial, risk management and underwriting teams, data analytics, IT, claims processing,…
Paid Leveraging data and advanced analytics, a driving force for fraud detection and profitability
September 1, 2023 CGIThe auto insurance landscape is undergoing a seismic transformation amid the rapid emergence of advanced data analytics and digital technology. Changing consumer behaviors and the unprecedented impact of emerging technologies are revolutionizing insurers’ capabilities and strategies for a new era…
Half of surveyed CEOs plan to adopt cognitive computing by 2019: IBM study
July 11, 2017 by Canadian UnderwriterHalf of surveyed chief executive officers across the globe plan to adopt cognitive computing by 2019, according to a recent study conducted by the IBM Institute for Business Value (IBM IBV). The study, titled Accelerating enterprise reinvention: how to build…
Canadian and U.S. government agencies underperform on fraud detection and reporting, study finds
June 14, 2017 by Canadian UnderwriterGovernment agencies in Canada and the United States performed significantly worse than the business sector on fraud detection and mitigation, according to a new survey from risk management software provider ACL. The 2017 Fraud Survey involved a poll of more…
Aviva plc reports 9.5% increase in rejected claims due to fraud
May 30, 2017 by Canadian UnderwriterUnited Kingdom insurer Aviva plc has reported a 9.5% increase in the number of fraudulent claims it declined in 2016, “fuelled by increases in fraud detection across motor bodily injury, household and liability claims.” Aviva said in a press release…
Half of polled Canadian businesses suspect or know their firms have been hit by fraud in last year
February 22, 2017 by Canadian UnderwriterNew survey findings indicate a disconnect between how many Canadian businesses have experienced fraud in the last year and the high level of confidence among business and C-suite executives regarding their ability to prevent such incidents. Half of the Canadian…