FICO unveils new insurance technology solution to fight multi-billion dollar insurance fraud problem

Insurance Technology investments

A new FICO insurance technology solution marries link analysis, business rules, and predictive analytics. FICO has introduced a new form of insurance technology that is designed to help to cut back on the $50 billion problem from fraudulent claims. The product is designed to assist insurers to overcome the increasing claims fraud issue that is costing billions of dollars every year, which is therefore causing rates to rise in order to compensate for the additional losses. This new insurance technology product is called the FICO Claims Fraud Solution. It brings…

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