Aviva

Auto Added by WPeMatico

Banner for AI & Big Data Expo by TechEx events.

Aviva deploys AI to stop £230M in sophisticated insurance fraud

ai, AI (Artificial Intelligence), AI Business Strategy, AI in Action, AI Market Trends, Artificial Intelligence, asset protection, Aviva, Computer vision, deep learning, Enterprise AI, Featured News, Features, Finance AI, Fintech, Fraud, fraud detection, How It Works, Inside AI, Insurance, Machine Learning, Natural Language Processing (NLP), risk management, Trust, Bias & Fairness, World of Work

Aviva has uncovered a record £230 million in insurance fraud claims and is using AI tools to counter the growing problem. The battleground has changed, and the culprits are also coming armed with a new generation of tools. We’re now in an environment where AI is being used not just to defend against fraud, but […]

Aviva deploys AI to stop £230M in sophisticated insurance fraud Read More »

Aviva detects record £230m in bogus insurance claims as use of AI rises

ai, AI (Artificial Intelligence), Artificial Intelligence, Aviva, Business, Car insurance, Insurance, Insurance industry, Money, Motoring, UK news

Insurer found 18,400 suspect claims last year with some scammers using AI to fake accident scenes and documentsBogus insurance claims worth more than £230m were detected by the insurance firm Aviva last year as scammers tried new tricks including using artificial intelligence to fake car accident scenes, documents and to exaggerate damage.The insurer identified more

Aviva detects record £230m in bogus insurance claims as use of AI rises Read More »