How Small and Medium Insurers Can Leverage AI and Machine Learning to Combat Fraud
Insurance fraud is a significant and challenging issue. To bolster their inhouse programs to combat fraud, nine of the larger Canadian P&C insurers pool their data at CANATICS. These sophisticated programs and systems cause fraudsters to look for easier targets – organizations with less sophisticated or even little or no fraud detection capability at all.
Zencos, a leader in implementing and integrating SAS solutions, and SAS have partnered to deliver a robust, configurable, AI-driven solution to identify the multitude of ever-changing fraud schemes for the smaller insurer.
Join us to learn best practices in detecting insurance fraud, and the combination of techniques required to dramatically reduce your fraud losses.
This session will cover:
- Why rules are still relevant in the world of AI and machine learning;
- How a combination of detection techniques can provide the highest value with the lowest false positives;
- What is entity resolution and social network analysis, and why are they so important in detecting fraud.
Chief Technology Officer,
Zencos founder Ben Zenick is passionate about data and analytics. He uses his strong business background combined with his years of development experience to help clients extract actionable insights from their business data. Ben oversees solution development for all client engagements at Zencos.
Under Ben’s leadership, Zencos has become an elite SAS® Gold Alliance partner, and his work has been recognized with numerous awards from SAS including the 2018 Canada Partner of the Year.
Principal Solutions Architect,
Global Security Intelligence Practice, SAS
With over 15 years of experience in Fraud & AML and more than 25 years of experience in financial services, Dan has helped countless customers solve financial crime challenges in banking, insurance & government.
Dan started his career in IT and moved to the business side to help business units implement technology. He moved into Financial Crimes when consulting at TD Bank on their AML implementation, and from there joined SAS as Fraud lead for Canada. Dan then served as Director of Fraud and ID management at TransUnion and an Enterprise Fraud Strategist at RBC before bringing his experience back to SAS in 2017.
Doug Grant has been helping the insurance industry in Canada – individual companies and cross-industry groups in both P&C and Life – make effective use of technology for many years.
Doug is a founding partner of Insurance-Canada.ca, a leading Canadian Insurance resource centre for consumers and insurance professionals alike. He helps organize and host Insurance-Canada.ca's annual conference and other industry events.