BayesFraud is a market-leading predictive analytics solution that provides insurers with advanced, automated fraud detection capabilities during claims handling.
Our solution consistently evaluates all submitted claims for fraud and alerts claims handlers to high-risk claims. In this way routine claims can be fast-tracked for immediate settlement, and claims with the highest likelihood of fraud can be investigated further – before costly claims are paid out.
The results: A positive end-to-end claims experience strengthens customer loyalty and retention. And when only high-risk claims are sent to investigators, hit-rate accuracy increases and valuable time and resources can be dedicated to claims with the greatest potential of fraud – and cost savings for insurers.