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Identify Fraudulent Claims for One of India's leading general insurance

Business Objective
  • Harnessing Digitalization-Use Data Analytics for Fraud Identification
  • Reveal Complex fraudlent patterns
  • Uncover potential frauds and minimize losses
  • Provide Early Warnings triggers
  • Create Recommendation for Smoother & faster Processing
Challenges Faced by the client
  • Absence of proper fraud management
  • Increasing fraud lossess impacting profitability
  • Non-scientific & Manual fraud identification process
  • Reactive Mechanism for fraud analysis
Solution(s) Proposed
  • Big Data Analytics & Machine Learning based alogorithms

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