Shift Technology Partners with Sapiens to Streamline Fraud Detection for P&C Insurers

October 23, 2022

As a result, users of Sapiens IDITSuite for P&C insurers will soon be able to have alerts generated from Shift Claims Fraud Detection delivered directly into the claims management environment they use every day. It is estimated that claims fraud costs the insurance industry more than $80 billion per year in the U.S. alone. Shift Claims Fraud Detection has a demonstrated capability to detect suspicious claims in real-time or in scheduled workflows with a 3X detection hit rate when compared to manual or rules-based implementations. Furthermore, Shift Claims Fraud Detection delivers clear and detailed rationale for all its conclusions as part of every alert. “Insurance fraud costs the industry billions of dollars every year because fighting insurance fraud is not easy.

The source of this news is from Shift Technology