Enterprise Software

Best Practices in Fraud Detection and Prevention Using Business Intelligence & Predictive Analytics

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Executive Summary

Insurers are developing unique predictive models that suit their business needs to stay competitive. It includes making best use of their data assets, industry knowledge, industry resources (including external databases) and analytics. Analytics is in use by insurers for product innovations, product redesign and optimal pricing resulting from intelligence gained from fraud detection to stay competitive and keep portfolio position healthy.

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