4 reasons insurers need AI to proactively fight fraud

JOE BENSON | August 6, 2018

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The insurance industry consists of more than 7,000 companies that collect more than $1 trillion in premiums annually, providing fraudsters with huge opportunities to commit fraud using a growing number of schemes. Fraudsters are successful too often. According to FBI statistics, the total cost of non-health insurance fraud is estimated at more than $40 billion a year.

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eFinancial

eFinancial is making it faster, easier, and more affordable for everyday Americans get life insurance coverage. Founded in 2001, eFinancial is an online and call center-based insurance agency that makes buying life insurance more convenient than traditional face-to-face options. Today, consumers can get the personal coverage they need from the convenience of their home, office or even on the go.

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