Insurance fraud detection

Insurance fraud detection involves identifying when claims are dishonest or exaggerated to gain unfair financial benefits. Using data analysis, pattern recognition, and sometimes technology like artificial intelligence, insurers examine claims for inconsistencies or suspicious behavior. This process helps differentiate legitimate claims from fraudulent ones, protecting honest customers and maintaining the integrity of the insurance system. Overall, it ensures that resources are used appropriately and prevents dishonest activities from causing higher premiums for everyone.