Fraud Claims Analytics
Billions of Dollars in Cost Savings
Fraudulent claims can cost companies billions of dollars per year. Building a dashboard on Looker can help insurance agencies improve the fraud detection process for future claims.
The customer is one of the largest provider of supplemental insurance in the United States, providing financial protection to more than 50 million people worldwide. They wanted to determine the probability of a claim being fraudulent based on historical data and understand the interrelationship between different dimensions in claims. Quantiphi built a dashboard on Looker that provides data visualization techniques and insight generation to help the customer better detect fraudulent claims.