Insurance
Reducing fraud losses by 35%
A multi-line insurer used FEME fraud detection to score every claim in real time, surfacing organized-fraud networks investigators had been missing.
Challenge
Organized fraud rings were slipping past manual review, while genuine policyholders waited on slow, blanket investigations.
Approach
Real-time risk scoring on every claim with behavioral anomaly detection and graph-based network analysis, surfaced to investigators through a prioritized workbench.
Results
- Real-time risk scoring on 100% of claims
- Uncovered 4 organized fraud rings
- Sped legitimate payouts by 40%
- <1s risk score per claim
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