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Presents a FREE Web Seminar...

The Automated Detective: How Predictive Analytics Increases Fraud Detection

Date held: May 21, 2008
Hosted by: Insurance Networking News and SPSS
Duration: 1 hour

With the increasing sophistication of organized fraud rings, rising rates of identity theft, and an economic situation that tempts opportunistic claims fraud, the insurance industry needs better ways to detect fraud. That’s why many insurance carriers have turned to the science of predictive analytics. Predictive analytics can enhance a company’s business rules to deliver a highly effective fraud detection system. And, because it is automated, predictive analytics also reduces the time, labor, and expense of fraud detection.
In this webcast, you’ll hear insurance industry and predictive analytics experts describe the measurable benefits that this technology has delivered, including:

-Accelerated identification of suspect claims early in the process
-Reduced false positives and increased accuracy for suspected fraudulent claims
-Faster claims processing for legitimate customers
-Improved productivity of SIU by referring only highly qualified cases
-Ability to detect identity theft, opportunistic claims fraud and suspicious activity commonly associated with fraud rings
-Ability to extract clues from claims and investigation notes for more accurate detection

If you are involved in claims processing, fraud investigation, or improving claims customer satisfaction, be sure to register now and join us on May 21, 2008 at 12:00PM ET for this valuable webcast.

Featured Speakers:

David West
Research Area Director, Insurance
TowerGroup

Richard Hren
Director of Product Marketing
SPSS


Register Now

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