InsurTech Futures: InMyBag uses tech to fight fraud
The appointed representative, which offers cover for mobile devices, is to partner with machine learning firm Featurespace to prevent fraud.
InMyBag, which offers cover for professionals who work using mobile devices, has formed a long-term partnership with Featurespace, an adaptive behavioural analytics fraud prevention company, to support the service to InMyBag members.
InMyBag is an appointed representative of broker Let Insurance Services.
The Featurespace technology offers real-time machine learning and, according to a statement by the two companies, can detect anomalies in individual behaviour for fraud and risk management.
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