Shift Technology Delivers Fraud Detection for Elephant Insurance
Well known for its customer-centric approach to insurance, Elephant is focused on ensuring consumers have access to the best products and services available, at the right cost, to deliver the protection they need. Recognizing that insurance fraud can impact all policyholders through higher premiums and a lengthier claims process, Elephant sought to strengthen its fraud detection capabilities. After careful evaluation of the technology available, Elephant selected the Shift Claims Fraud Detection solution. According to Elephant, Shift was selected because its artificial intelligence and data science expertise helps improve the detection of fraud earlier in the claims process to avoid issuing payments on fraudulent claims and provides agents with important tools for investigations.
"Insurance fraud is a cost we all bear. Naturally, we want to do our best to reduce fraud, making it possible to offer our customers the lowest price possible," explained
In addition to its own evaluation of the Shift solution, Elephant was impressed with the technology's performance at two of the insurer's sister companies in
"It is incredibly gratifying to work with insurers like Elephant who understand that the ability to spot potential fraud, as early as possible, has an incredibly beneficial impact on the claims process overall," explained
About Shift Technology
Shift Technology delivers the only AI-native fraud detection and claims automation solutions built specifically for the global insurance industry. Our SaaS solutions identify individual and network fraud with double the accuracy of competing offerings, and provide contextual guidance to help insurers achieve faster, more accurate claim resolutions. Shift has analyzed billions of claims to date and was presented
Contacts:
Shift Technology
+1.617.416.9216
[email protected]
View original content to download multimedia:http://www.prnewswire.com/news-releases/shift-technology-delivers-fraud-detection-for-elephant-insurance-301192709.html
SOURCE Shift Technology
Annexus New Venture Aims to Reinvent Retirement Plan Market
BrokerTech Ventures Announces Expanded Insurance Company Partnerships
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News