Allstate AI technology helps spot and stop fraud

Allstate AI - Technology - Hand

The insurance company is using artificial intelligence to reduce its payments to fraudulent claims. New Allstate AI technology is being used to help slash the number of times fraudsters get away with making claims. Insurance fraud has become an $80 billion industry in the United States, forcing premiums skyward. Fraudulent claims in the U.S. are currently estimated to be worth more than $80 billion every year. Legitimate customers are required to cover the cost of the payments that scammers are receiving through higher premiums. Among the reasons that insurance fraud…

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Allstate Insurance technology is now Amazon Alexa compatible

Allstate insurance technology

The insurer has added this new feature to make it easier for customers to find info and agents. Allstate Insurance technology is continually evolving and improving as the insurer works to keep itself on the cutting edge of innovation. This being the case, its latest lineup release has come along with Amazon Alexa compatibility. Customers using an Alexa device can now ask it for assistance in finding what they need from Allstate. A customer with an Amazon Echo, for example, can now take advantage of Allstate Insurance technology, too. The…

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Allstate Insurance Company launching new underwriting platform

Allstate Insurance Company

The insurer announced the implementation of the platform featuring automated data integration. Allstate Insurance Company has announced its intentions to implement the UnderwritingCenter platform. The platform was created by Myriad Development. The goal is to improve automated data integration while enhancing the quality of risk evaluation. UnderwritingCenter allows Allstate to automate its underwriting decision making processes. At the same time, Allstate Insurance Company can use the underwriting platform to integrate third party data and virtual surveys into the mix. In this way, the insurer hopes to produce greater accuracy in…

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