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Last Article Uploaded: Wednesday, October 20th, 6:13PM

Insurance

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Tower enlists AI partner to bust claims fraud

Tower has partnered with Dutch AI-based solution FRISS to automate and accelerate its claims process and help detect genuine and suspicious claims in real-time.

Wednesday, October 6th 2021, 1:31PM

“Technology and data are at the forefront of our strategy to innovate the insurance industry and help our customers better with simple and rewarding experiences,” says Tower chief executive Blair Turnbull.

FRISS is the world’s most widely implemented risk mitigation solution that features powerful AI techniques such as predictive models, network analysis and text mining.

“By separating claims with low risk of fraud on a fast track, it will standardise and further speed up claims screening at greater accuracy,” Turnbull says.

Tags: artificial intelligence claims fraud Tower Insurance Tower Life

« RBNZ holds back Solvency StandardsNew Southern Cross CLT hospital finished by Christmas »

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