SENTIENT Case Study

Insurance company in Turkey saves $5 million USD using Fraud Detection Software

Customer

One of the largest insurers in Turkey

Industry

Insurance

Function

Fraud Detection

Problem

The company processes 25000-30000 claims each month that need to be scrutinized for fraud. Each claim was processed manually, taking more than two weeks per claim. A team of 50 people scrutinized these claims, and decisions were taken largely based on loose rules and personal experiences of team members.

Solution

The company decides to adopt an ML-based software that automates the fraud analysis process through a score-based system which evaluates the fraud risk of a claim in real-time. The outliers predicted by the scoring system can be immediately investigated, reducing time to process while minimizing errors.

Result

The company was able to implement the solution in 6 months. They reaped an immediate ROI of 210% in the first year, saving 5 million USD. The digitization enables quick adoption of other ML-based solutions, enhancing their future competitiveness.

More Use Cases

For the Insurance Industry

Cyber Threats

Largest financial services company in South Africa uses ML to detect and prevent cyber threats in real-time

Data Entry

Japan-based financial services company eliminates 90% of manual data entry process through AI-enabled digitization of application information

Claims

Application of ML in faster and more accurate claims processing

2263, KAUST Tech Park Headquarters, 

4700 KAUST, Thuwal, Saudi Arabia 22935

Contact

Call : +966 54 312 3734

Email : info@unitx.tech

© Copyright 2020   |   UnitX Technologies  |   All Rights Reserved 

ممتاز

استلم الورقة البيضاء المجاني حول حلول الذكاء الاصطناعي للتصني

اتصل بـ info@unitx.tech لمعرفة المزيد

Hurray!

Here is your FREE white paper on “AI Solutions for Retail Industry”

For more details contact – info@unitx.tech

FREE White Paper

Enter your details to get it on mail!

Hurray!

Here is your FREE white paper on “AI solutions for Manufacturing”

For more details contact – info@unitx.tech

FREE White Paper

Enter your details to get it on mail!

FREE White Paper

Enter your details to get it on mail!

FREE White Paper

Enter your details to get it on mail!

Hurray!

Here is your FREE white paper on “AI solutions for Finance”

For more details contact – info@unitx.tech

Hurray!

Here is your FREE white paper on “AI solutions for Insurance”

For more details contact – info@unitx.tech

ورقة بيضاء مجانية

أدخل معلوماتك للحصول عليها الآن

ورقة بيضاء مجانية

أدخل معلوماتك للحصول عليها الآن

ممتاز

استلم الورقة البيضاء المجاني حول حلول الذكاء الاصطناعي للتأمين

اتصل بـ info@unitx.tech لمعرفة المزيد

ورقة بيضاء مجانية

أدخل معلوماتك للحصول عليها الآن

ممتاز

استلم الورقة البيضاء المجاني حول حلول الذكاء الاصطناعي للتمويل

اتصل بـ info@unitx.tech لمعرفة المزيد

ورقة بيضاء مجانية

أدخل معلوماتك للحصول عليها الآن

ممتاز

استلم الورقة البيضاء المجاني حول حلول الذكاء الاصطناعي للتجزئة

اتصل بـ info@unitx.tech لمعرفة المزيد

Get your FREE White Paper