Shift Technology

📰We are proud to announce the launch of the Insurance Data Network, or #IDN. With IDN, insurers now have a powerful new way to collaborate and unlock incredible value from their data. IDN is a groundbreaking initiative for cross-carrier data sharing, enhancing #fraud and #risk detection throughout the #claims lifecycle. Leading U.S. insurers - including 4 of the top 5 P&C carriers - have embraced IDN and are already realizing significant benefits (millions of dollars in previously undetected fraud). According to Shift CEO Jeremy Jawish: “IDN empowers insurers to get more value out of their data by providing a secure environment in which to share it and collaborate with other carriers. Gaining a more complete understanding of the forces impacting their business and the industry as a whole, and to do so quickly and efficiently, is an amazing value proposition and a new way to harness the power of shared data.” Interested in learning more? Check out our announcement: https://hubs.la/Q03frPvS0

L'IA au service des assureurs lors des catastrophes naturelles 🌪️ Dans le monde de l'assurance, le moment de vérité arrive souvent lors d'un sinistre. C'est à ce moment-là que les assurés évaluent réellement la qualité du service pour lequel ils ont payé pendant des années. Face à des événements climatiques dévastateurs, la pression sur les assureurs est immense, avec des plateaux de gestion souvent saturés et des attentes des clients qui atteignent leur paroxysme. Dans notre dernière vidéo, Benoît Legros, VP EMEA & Asia chez Shift, explique comment notre intelligence artificielle peut transformer cette expérience. 🤖✨ Découvrez comment Shift aide les assureurs à améliorer leur service client lors de catastrophes naturelles. Regardez la vidéo complète ici ! 🎥👇 #Assurance #IntelligenceArtificielle #ServiceClient #CatastrophesNaturelles #Innovation #ShiftAI

According to Shift's Head of UK Markets George Robbins, "the claims journey in life and protection insurance means fraud often only becomes apparent after a claim has been made and settled. Claims are examined when entitlement is granted, with limited information, and rarely revisited, therefore fewer cases of fraud are detected until it too late." To learn more about how new thinking and advanced technology - including #AI - can help protect life and protection insurers from fraud read the latest from Insurance Post: https://hubs.la/Q03gT3h20

What's the 💵 value of making real-time #FraudDetection part of your mitigation strategy? For one insurer it was worth more than $1.5 million in additional annual savings and nearly $100,000 on a single claim! Watch Shift Customer Success Manager Sean Breslin, SCLA break down how they did it!

🕵️♀️There's power in numbers when it comes to fighting insurance fraud🕵️♂️ Join the Shift team at the #AnnualAntiFraudConference to learn more about how we're putting this principle into practice through the recently introduced #InsuranceDataNetwork or #IDN. We all know that if a bad actor is targeting one insurer, they're most likely targeting many. Now you can see the impact! Want to know more about how Shift can help you mitigate #ClaimsFraud? Come see us in Monterey! https://hubs.la/Q03gmtrb0

📰ICYMI📰 #IDN - a new insurance data sharing initiative - was introduced last week. Here's Anthony R. O'Donnell's take published at Insurance Innovation Reporter. Check it out: https://hubs.la/Q03grLLX0

Les raisons pour lesquelles Generali a choisi Shift pour soutenir ses initiatives de détection de fraude ? Selon Éric Merville, Directeur Sinistres IARD Spécialités chez Generali France « La lutte contre la fraude à l’assurance est essentielle. Pour faire face à la complexité des vérifications et au volume d'informations à traiter, nous avons décidé d'intégrer l'intelligence artificielle au travail de nos équipes. Cela leur permet d'identifier plus rapidement les demandes suspectes. Depuis le début de notre collaboration avec Shift Technology en 2016, nous avons constaté des progrès constants dans ce domaine. Nous sommes impatients d'appliquer cette solution aux sinistres Construction. » Et Thierry Cassagnères, « Au fil des années, Shift Technology a su se montrer un partenaire de confiance et nous avons fait évoluer notre collaboration de manière continue. Aujourd'hui, nous sommes satisfaits des mécanismes que nous avons mis en place pour lutter contre la fraude et améliorer notre efficacité opérationnelle. » Pour en savoir plus : https://hubs.la/Q03g7-NW0

Effective #subrogation & recovery is one of the best ways for #insurers to positively impact the bottom line. But what does that look like in real life? Check out Matthew Psichoulas, MBA, CPCU, AIDA discussing how one carrier was able to transform their subrogation process in only six months and the amazing results generated to date!

In recent years, the rise of private medical insurance (PMI) has, unfortunately, created a fertile ground for fraud, prompting a critical need for effective PMI #FraudPrevention strategies. With 4.7 million people holding PMI policies in 2023 alone and claims hitting a staggering £3.6 billion, insurers are grappling with increasingly sophisticated tactics that threaten the integrity of the healthcare system. From collusion between policyholders and healthcare providers to the alarming practice of 'upcoding,' where medical conditions are misrepresented, the landscape of private medical insurance fraud is evolving rapidly. Check out this Insurance Post piece To better understand the complexities of PMI fraud and discover how the insurance sector is fighting back! #AI #FWA #FraudDetection https://hubs.la/Q03fLt2G0

🌟 Un grand merci à tous nos clients et intervenants pour avoir fait de notre premier Workshop sur la Détection de Fraude en Belgique un véritable succès ! 🙏 Votre participation active et vos contributions ont enrichi nos échanges, nous permettant d'explorer ensemble les dernières innovations dans ce domaine crucial. Nous sommes impatients de continuer à collaborer avec vous pour renforcer la sécurité et lutter contre la fraude ! #DétectionDeFraude #Merci #Collaboration #Belgique #Innovation