These fraudulent activities can hurt the profitability of that certain product and can raise the cost, ultimately leading to an increase in the insurance premium.
Therefore, insurance companies should be able to protect themselves against these unwanted activities.
As criminals are unlikely to act alone but rather as part of an organized group, it is a top priority to be able to be empowered by network analytics to effectively detect and flag suspicious claims for further investigation.
SAS's dedicated solution can help you in your fight against fraudulent claims by providing an informative user interface, a flexible rule engine, and data visualization and network analytics.
Predefined ruleset is also part of our offering, where Consortix has leveraged our wide and deep experience gained during different successful projects all over the world.