Insurers Target Organized Crime With Fraud Detection System
Law360, London (April 27, 2021, 5:12 PM BST) -- Britain's Insurance Fraud Bureau said on Tuesday that it is teaming up with Paris-based Shift Technology to develop artificial intelligence that will better detect organized crime networks seeking to commit fraud.
The bureau is a not-for-profit body set up by the insurance sector to fight organized fraud via a database.
"Shift will analyze millions of policies and claims records from industry databases to help expose organized insurance fraud networks," the bureau said in a statement.
The AI software will be available to members in 2022, the organization said. Shift said its software will use AI to "learn and grow" in response...
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