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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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