Shift P&C Claims Fraud Detection

Shift Technology aims to solve the key barriers that prevent insurers from detecting fraud more accurately and rapidly, to drive more concrete improvements to the loss ratio. Shift has now analyzed 2.6 Billion claims and policies for more than 100 customers across the world.

Shift can integrate first party insurance data with over 100 external data sources. This includes documents, business records, social media, and leading fraud data partners, such as LexisNexis and the NICB. By unifying data sources, clients have increased visibility and more success when identifying fraud.

The AI team at Shift includes over 200 data scientists, helping insurers go beyond the rules-based approach to fraud detection. With Shift, insurers can quickly detect new

fraud indicators, even if they’re unique to an insurer’s book of business and geographic footprint.

Lastly, Shift lets the SIU quickly triage and investigate suspicious claims. Claims teams receive 100% explainability regarding any alert, along with relevant details and sources.