What You Need to Know About the Rise of Synthetic Identity and Entity Fraud in the Insurance Industry
Fraud in the insurance industry is evolving due to new technology and is more difficult to trace than ever before. According to a recent webinar hosted by Evadata, the latest threat is not coming from real individuals but from fabricated identities and businesses. With no clear culprit, synthetic identity and entity fraud often goes unnoticed […]
74% of Carriers are Already Leveraging AI in Fraud Detection and Prevention in the Life Insurance, Annuity, and Disability Space
How Carriers are Leveraging AI for Fighting Fraud A recent survey conducted by Evadata of 19 carriers revealed that 3/4 of them are already using Artificial Intelligence (AI) within their anti-fraud teams. These teams are applying it in fraud investigations and for other exploratory internal initiatives. While AI is still in its early days, Evadata […]