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Claims Fraud Detection Using Location Analysis

Challenge

Manual claims assessment is a big expense for insurance firms. A VC-funded software company set out to devise software that scored claims based on likelihood of fraud to focus manual review appropriately using multiple data sources including location data.

Solution

Gravitate complemented the client’s internal data science and technology team by:

  • Bringing in additional data sources including via a web scraping capability.

  • Advising on model building and algorithm development.

  • Providing additional support to combine location data with other data sources, and visualize in​ a python pipeline.

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Outcome

A fully-operational solution was developed in less time vs. the initial estimate. The client has engaged with a major insurance company in its market.


To learn more about Gravitate services, you can schedule a conversation that suits your schedule.





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