During the CQCS Insurtech & Innovation 2020, Shift Technology plans to present two solutions specially developed for claim automation and fraud, waste and abuse detection.

The first of these bears the name of Luke and aims at a quick, precise and simple resolution in the claims process. The novelty offers indemnity claim resources created based on the Artificial Intelligence decision mechanism.

The other solution is called Force and has so far analyzed more than a billion claims for major insurers around the world. The tool uses native Artificial Intelligence and can be used by any insurance company in the world.

The use of these new technologies meets the needs of the market and can support insurers in the great challenge of combating fraud. Therefore, Shift Technology works to identify suspicious claims activity related to providers, networks and other parties with twice the accuracy of competing offers.

Founded on the belief that Artificial Intelligence (AI) has the potential to unlock the future of the insurance industry, the company today has hundreds of Data scientists focused 100% on creating AI solutions to help these global insurers offer their better experiences for policyholders.

It is worth remembering that all this demand for solutions in the insurance industry – such as the search for new pricing models, document analysis, telemetry, as well as the potential of new businesses that use data intensive use in decision making – will still be targeted of many innovations.

All of this can be seen up close during the CQCS Insurtech & Inovação, the most important meeting of insurance innovation in Latin America. The event will take place on November 23 and 24, at the Pro Magno Centro de Eventos, in São Paulo. For more information, visit www.cqcsinsurtech.com.br

Source: CQCS Insurtech & Inovação.

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