Skip to main content

Zurich strengthens fraud defences with AI

AI central core processing and transferring data between different units

Zurich Insurance has partnered with Quantexa to increase the power of its real-time fraud detection via an artificial intelligence-enabled platform.

The provider detailed the platform will operate across multiple lines of business, alerting claims handlers to suspicious activity using an expanded range of sources and records so they are able to make decisions more effectively (see box, right).

Zurich has been operating real-time fraud detection for the past three years and detected the equivalent of £260,000 worth of bogus claims every day in 2024.

Zurich on how it worksClaims handlers input details of claims as normal, using information

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe

You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

Register

Sign up and gain access to five complimentary news articles every month.

Already have an account? Sign in here

Show password
Hide password

Meet the MGA: rrelentless

Looking to shift the agenda from reactive claims handling to proactive data-driven risk prevention, Gary Gallen, founder and CEO of the rradar group of companies, pictured, outlines his plans for its MGA rrelentless including product diversification and gaining full authorisation.

Most read articles loading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: