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This insurance company is a private life insurance company providing services to customers to secure their future. This company serves people pan India and is known as one of India's established insurance companies that offers value to the customers to safeguard their future.
A combination of watertight diligence in underwriting policies and compliance inefficiencies resulted in increased fraud in claims. They wanted to detect and prevent any possibility of fraud that could incur any loss to their business.
Adapting two different projects was implemented using machine learning to reduce fraud.
Configuration and Deployment timeline- 3 Months Study, 3 Months Deployment, 2 Months Transition Time to Go Live- 6 Months from Contract