What Makes an Effective Fraud Detection Model?
A good model doesn't rely on a single variable. It cross-references dozens of signals: client history, declaration consistency, claim timing, cross-referencing with public databases.
The Signals Analyzed
- Claim frequency vs. sector average
- Gap between event date and filing date
- Inconsistency between submitted photos and description
- Multiple filings in a short time window
- Semantic analysis of descriptions (keywords, phrasing)
Real-Time Risk Scoring
Each file receives a score from 0 to 100. Below 20: standard automatic processing. Between 20 and 60: expert review. Above 60: deep investigation.
This scoring doesn't replace the expert — it makes them more efficient. The expert spends less time on legitimate files and more on suspicious cases.
What You Need to Know
AI fraud detection isn't infallible. It has a false positive rate. That's why humans stay in the loop for edge cases. AI is a tool, not a judge.