Insurance businesses are one of the most significant parts of the financial services sector. The financial sector consists of companies that provide financial services to commercial and retail clients, including banks, brokerages, mutual funds, trust companies, credit unions, pension funds, and similar organizations.
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Insurance businesses are one of the most significant parts of the financial services sector. The financial sector consists of companies that provide financial services to commercial and retail clients, including banks, brokerages, mutual funds, trust companies, credit unions, pension funds, and similar organizations.
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Spotlight Solution
Fraudulent insurance claims represent 10 percent of all claims paid in a typical property and casualty insurance company. Saama Insurance Fraud Analytics enables insurers to screen claims on a near real-time basis against 30 flag models and 3 predictive models, enabling the routing of suspect claims to a special investigating unit (SIU) and moving the others ahead without delaying the claims settlement process. The process can deliver a
