Further value is delivered via the detailed rationale and contextual guidance provided for why a fraud alert was generated and how to best investigate it. Using artificial intelligence and insurance-focused data science, the company’s fraud detection solution helps insurance companies identify the multiple types of fraud committed by both individuals and networks. “With Shift, we’ve found a company that shares our ideals and offers a powerful tool for fighting fraud in the most effective and efficient way possible.”įor insurance carriers concerned about the impact of fraud, Shift provides claims professionals with the tools required to uncover more fraud with unrivalled accuracy. Every policy holder feels their impact and that’s why Falcon has always been focused on rooting out suspicious claims and ensuring they do not get paid,” explained Joe Mase, chief claims officer, Falcon. “Fraudulent insurance claims are not harmless. Recommended AI News : Atos Helps Researchers And Students To Experiment With Quantum Algorithms By Offering Free, Universal Access To MyQLM After a comprehensive evaluation, the insurer selected Shift, specifically citing its deep insurance industry expertise, focused data science teams, and flexible deployment options. Knowing this, Falcon initiated a search for fraud detection technology that would meet their key requirements – ability to uncover a wide range of fraud, support for evolving fraud models – including those resulting from COVID-19 – and fast deployment and rapid return on investment. Fraud negatively impacts the customer experience through not only higher premiums but also longer time to settlement. As such, the company strongly believes that the right combination of technology and expertise results in a fast and fair claims experience, the time when policy holders need insurers the most. Recommended AI News : New Global Mood Media Study Reveals Two-Thirds (67%) Of Consumers Have Returned To Non-Essential Shopping In-Storeįalcon has built a successful business on an ethos of simplicity, creativity, integrity, and efficiency. The Illinois-based auto insurer will deploy Force, Shift’s fraud detection solution to accurately and efficiently uncover suspicious behaviors in the claims processes. The data presented on this page does not represent the view of Falcon Insurance Group and its employees or that of Zippia.įalcon Insurance Group may also be known as or be related to Falcon Insurance Group, Falcon Insurance Group LLC, Falcon Insurance Group Llc and Falcon Insurance Group, LLC.Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, announced the company has been selected to support fraud detection initiatives for Falcon Insurance Company. None of the information on this page has been provided or approved by Falcon Insurance Group. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. ![]() Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. The employee data is based on information from people who have self-reported their past or current employments at Falcon Insurance Group. Zippia gives an in-depth look into the details of Falcon Insurance Group, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Falcon Insurance Group.
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