New Claim Fraud Accelerator Accelerates Fraud Detection for Guidewire Cloud Customers
Boston When Paris, October 18, 2022 /PR Newswire/ — shift technologyA provider of AI-driven decision automation and optimization solutions for the global insurance industry today announced the availability of the Claim Fraud Accelerator on the Guidewire Marketplace. Insurers using Guidewire Cloud for claims management can now deliver fraud alerts from Shift Claims Fraud Detection directly into the environment that claims clerks use every day.
Insurance fraud is costing the U.S. economy record losses, according to new figures released by the Insurance Fraud Prevention Coalition $308.6 billion Property and casualty fraud is typical each year $45 billion of that figure. In this environment, insurers are looking for technology solutions that help them pinpoint, quickly discover, and efficiently investigate hidden fraud in the claims process. Claims professionals are looking for technology solutions that work together seamlessly to help them make the best decisions about how to resolve policyholder claims. Integration of Shift Claims Fraud Detection and Guidewire Cloud enables via The new Claim Fraud Accelerator addresses this complex challenge.
“Shift and Guidewire have already proven how effective it is to deliver fraud alerts directly into Guidewire’s claims management environment with previous add-ons for ClaimCenter.” Christy Ortmans, Director, Solutions Alliance, Guidewire. “As more and more insurers leverage the power of the cloud to support their mission-critical applications, enabling Guidewire Cloud users to take advantage of fraud detection solutions such as those offered by Shift is an important advancement. is.”
Shift Claims Fraud Detection is the company’s pioneering solution that combines the power of artificial intelligence and advanced data science to help insurers uncover previously undetectable fraud during the claims process. Shift’s data-centric approach to fraud detection reduces false positives and drives more efficient workflows, identifies simple cases of individual fraud and more sophisticated network fraud schemes, and provides clear contextual guidance and support. Provide documentation to expedite investigations. With Claim Fraud Accelerator, shift alerts can be delivered to Guidewire environments in both real-time and periodic data transfer to best meet customer needs. Importantly, Accelerators can save as much as 50% in overall implementation time, depending on customer requirements, and can often be up and running in just over two months.
“Speed, accuracy and flexibility are key in the fight against insurance fraud,” he explained. Drew Whitmore, Head of Partnerships, Shift Technology. “Together with Guidewire, we are doing just that for insurers around the world.”
About Shift Technology
Shift Technology provides AI decision-making solutions that benefit the global insurance industry and its customers. Our products enable insurers to automate and optimize underwriting-to-claims decision-making, resulting in superior customer experiences, improved operational efficiencies and reduced costs. The future of insurance starts with Decisions Made Better.Click here for details www.shift-technology.com.
contact address:
Rob Morton
Corporate communication
shift technology
+1.617.416.9216
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SOURCE Shift Technology
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