SGD 40,000

Background

The insurance claim process can often be costly and time-consuming for insurance companies. Claim officers have to handle the documentations and administer each claim while operations departments have to verify a large number of transactions to potentially identify fraudulent claims behaviour.

Context of Challenge

We are scouting for partners with technology and solutions that would help us to optimise transactional monitoring and identify deliberate misconduct. We would like to better recognise patterns of fraudulent behaviour to automatically flag potential fraudulent claims. The solution can also be applicable for new business where historical data is limited or non-existing.