Skip to main content

Detecting Insurance Fraud Using IBM Predictive Analytics

  • Detecting Insurance Fraud Using IBM Predictive Analytics

    Detecting Insurance Fraud Using IBM Predictive Analytics

    Date added: 09 May 2012

    Insurance organizations are using predictive analytics to detect fraud. For example, Santam, South Africa's leading short term insurance company, has saved $2.4 million on fraudulent claims in the first four months of using IBM business analytics software. The technology is enabling faster payouts for legitimate claims.