Predictive Analytics: A Powerful Fraud-Fighting Tool

Technology is a valued ally of insurers in combatting insurance fraud. And for good reason — this crime is growing. These are two findings of the Coalition’s newest study of how insurers use tech to combat billions of dollars in fraud each year. The study is one of the surest barometers of progress in how insurers wield technology against fraudsters. It’s also a window into scams that most concern property-casualty insurers, and how they’re responding. Fraud is climbing, more than 60 percent of insurers say in the study. Cyber-fraud is a newer problem area that insurers are using tech tools to combat.