Use Cases

Insurance Fraud

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Challenges

Even though fraud costs can have a high impact on organizations, investigating every single claim is almost impossible. Furthermore, investigating honest clients may result in them feeling offended and ending their dealings with the institution.

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Opportunity

With LogicPlum’s platform, an organization can automatically build very efficient models, capable of identifying fraudulent transactions. Armed with this tool, fraud analysts can quickly produce lists of suspicious transactions and examine them, concentrating only on those transactions that show high risk. As a result, the organization’s human resources are used more efficiently, and overall customer satisfaction improves.

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Why LogicPlum

LogicPlum helps organizations to automatically create efficient models, which then can be used to optimally select those transactions that are more prone to be fraudulent.

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