Insurance Bureau of Canada – IBM SPSS Case Study
The insurance industry is constrained by the manual and ad hoc approach to detecting and investigating potential fraud.
To address its objective of automating the detection of potential claim fraud and the identification of possible fraud rings, IBC engaged IBM to perform a Proof-of-Concept project using IBM InfoSphere Identity Insight and IBM SPSS Modeler.
The benefit IBM POC quickly found suspects and their claims reducing investigation efforts; found a previously unidentified suspect fraud ring; and gathered more information against suspected fraudsters with a higher degree of confidence.
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