Predictive Analytics is a breakthrough in the battle against waste, abuse and fraud

Insurers think Predictive Analytics is a major breakthrough in their battle against waste, abuse and fraud

Premiums in the United Arab Emirates currently amount to over $9 billion. WAF has become one of the main reasons for this uncontrolled and at times unjustified growth. Existing rule based systems for fraud detection are not in a position to identify fraudsters and prevent losses insurance companies are incurring. Insurers are seeking more adequate and efficient alternatives for fraud detection and loss prevention.

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