Life and Health Insurers to use Advanced Artificial Intelligence to Reduce Benefits Fraud

October 23, 2022

This new initiative, led by the CLHIA and its technology provider Shift Technology will deploy advanced AI to analyze industry-wide anonymized claim data. By identifying patterns across millions of records, the program is enhancing the effectiveness of benefits fraud investigations across the industry. Employers and insurers lose what is estimated to be millions of dollars each year to fraudulent group health benefits claims. About CLHIAThe CLHIA is a voluntary association whose member companies account for 99 per cent of Canada's life and health insurance business. These insurers provide financial security products including life insurance, annuities (including RRSPs, RRIFs and pensions) and supplementary health insurance to over 29 million Canadians.

The source of this news is from Shift Technology