Tag: fraud detection technology

Allstate’s Quantum Leap into the Future of Insurance

Angela Linders
Insurance Technology Allstate insurance news

Allstate Joins Chicago Quantum Exchange to Shape the Future of Insurance What if your insurance rates could be calculated faster, more accurately, and in a way that actually makes sense? That’s not just wishful thinking anymore. Allstate, one of the biggest names in insurance, is teaming up with the Chicago Quantum Exchange (CQE). And they’re not just testing the waters. They’re all in. “Allstate has thrived for 94 years by creating the future, not simply adapting to trends,” said Tom Wilson, Chair, President, and CEO of Allstate. “Quantum computing is…

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Enservio Enhances Flagship Claim Management Solution with Real-time Fraud Detection

PR Article
claim management system

Claims adjusters working on the job have something unique they can add to their toolkit: A way to root out potential fraud as it happens. Enservio, Inc. today introduced a new option for its flagship ContentsExpress™ contents management solution that equips claims professionals with a fraud detection capability that identifies and scores fraudulent claim items while claim items are being recorded and processed. ContentsExpress, with this new fraud detection option, targets soft or opportunistic fraud for home contents claims relating exclusively to theft. The fraud detection technology is based on…

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Finding the Golden Needle – What Big Data means to Insurers?

Rose Stuart
insurance technology

Insurance Technology Article: The phrase Big Data seems to have taken the technology world by storm this year. A year ago, many insurance company’s IT Directors, even CIOs were not aware of Hadoop; now it is becoming an industry standard at many carriers. But in reality big data is not new to the insurance industry. It continues a trend that probably started back in the 1970’s with the invention of policy administration solutions and other IT systems. What has changed in recent years is the velocity of data flow, the…

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