Claims Fraud Detection

RiskShield for Claims Fraud Detection – Real-Time Scoring. Real Impact.

RiskShield enables insurers to detect and prevent fraudulent claims in real time by combining Hybrid AI, rule-based logic, and continuous learning, reducing false positives, accelerating claims handling, and empowering teams with full transparency and control.

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Value Proposition for Insurers

  • Faster Fraud Detection
    Score every claim in real time to identify risk immediately.

 

  • Operational Efficiency
    Automate workflows and route legitimate claims straight to fast track.

  • Explainable AI Decisions
    Gain full transparency and control with interpretable models.

 

  • Reduced Workload
    Let your teams focus on real fraud, not false alarms.

HOW RISKSHIELD DETECTS AND PREVENTS CLAIMS FRAUD

RiskShield combines rule-based logic, machine learning, and automation to detect and prevent claims fraud in real time, ensuring accuracy, transparency, and operational efficiency across the insurance lifecycle.

1. Hybrid AI Scoring

Combines expert rules and machine learning to deliver accurate, real-time claim scoring and fraud probability assessments.

 

2. Explainable Decisions

Ensures full transparency with auditable logic, traceable decision paths, and clear reasoning for every automated action.

 

3. Automation at Scale

Accelerates workflows through automated case handling, routing, and payout management, minimizing manual effort and delays.

 

4. Connected Insights

Links claim data, entities, and behavioral patterns across portfolios to uncover hidden relationships and prevent repeat fraud.

With RiskShield, claims fraud detection becomes faster, smarter, and more transparent – helping you protect margins and customer confidence.

Proven in Concept

In a proof of concept, RiskShield achieved a threefold increase in fraud detection – from 1 % to 3.6 %, even with minimal input data and no external sources.
→ Demonstrating the power of RiskShield’s AI-driven scoring before full-scale rollout.

How RiskShield Supports Your Teams

Fraud detection in insurance claims involves multiple teams working with different data sources and priorities. RiskShield streamlines collaboration across departments by providing real-time insights, automated scoring, and explainable decisions, empowering every team member to identify and manage fraud efficiently.

Claims Adjusters

Claims Adjusters

Claims Adjusters

Focus on clean cases, not investigations.

Claims Managers

Claims Managers

Claims Managers

Reduce bottlenecks and keep full visibility.

SIU Agents

SIU Agents

SIU Agents

Spend time where it matters: on high-risk, high-impact cases.

DISCOVER OUR Information Material for Insurers

RiskShield Paper on grey background: Ready-to-Use ML for Financial Crime

RiskShield Paper: Ready-to-Use ML for Financial Crime

Discover how RiskShield ML combines machine learning with expert knowledge to strengthen fraud detection. The solution automates model training, ensures explainable decisions, and adapts to new threats - empowering financial institutions to stay compliant and ahead of financial crime.

Brochure on grey background: RiskShield for AML Compliance in the Insurance Industry

Comprehensive AML Protection for High-Risk Insurance Products

Discover how our advanced AML compliance solution helps insurers navigate complex regulations with ease. This technology provides watchlist screening, customer due diligence, and suspicious activity monitoring, ensuring compliance with international standards like FATF and AML directives.

Visualization of the paper "List Managementy"

RiskShield List Management

Discover the power of RiskShield List Management for efficient risk assessment. Explore our comprehensive solution for managing custom lists across diverse business channels.

Visualization of the Paper"RiskShield Case Management"

RiskShield Case Management

Dive into RiskShield Case Management, a browser-based solution offering powerful investigation tools, workflow control, and collaborative features for efficient risk management.

Visualization of the Paper "Optimize your Claims Handling Processes with AI"

Optimize your Claims Handling Processes with AI

Dive into the complexities of claims management and discover how RiskShield's hybrid AI approach transforms processes for insurers.

Find more interesting info papers, brochures, and other downloadable assets on RiskShield in our section Expertise

Ready to transform your claims fraud detection?

Let’s talk about how RiskShield helps you automate investigations, improve detection accuracy, and deliver faster, more transparent claims processing.

Oliver Walczak

Oliver Walczak

Solution Owner Insurance - Risk & Fraud

Phone

Claims Fraud Detection