Najm for Insurance Services and SAS, the leader in the market of analytics as well as anti-fraud technologies, has recently signed an agreement for countering and reducing fraud in motor and automobile insurance claims.
The SAS director, Abed Hamandi, for professional services as well as delivery in Africa and the Middle East, said that the Insurance fraud was becoming increasingly sophisticated and advanced. He said that this reality demanded that insurers proactively make a change in their methods of investigation.
He said that these advanced solutions would help the service providers to mitigate the risk and also concentrate on streamlining the claims via automation, artificial intelligence, and machine learning. He added that SAS has always been placing great emphasis on security and applications, especially for the sector of financial services that are most at risk.
Their partnership with Najm would mean that it could be safe from the risks of fraudulent claims, and that their customers could get a much safer, and more user-friendly experience with a complicated solution along with the best possible professional service.
Najm has been trying to improve their efficiency in fraud identification, speeding up the resettlement of the claims and better being able to develop alerts by making use of the latest technologies.
Utilizing Artificial Intelligence and technologies of machine-learning, SAS shall be automating the aspects of the claimant profiling of Najm, and shall also be aiming to complement the already existing manual processes for detecting fraud via behavioral responses and risk patterns that are assessed automatically.