Shift Insurance Suite Now Applies Artificial Intelligence Across Policy Lifecycle Processes
New Products and Solution Upgrades Address Rapidly Changing Business Requirements
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PARIS and BOSTON, Jan. 27, 2021 /PRNewswire/
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced availability of both new products and upgrades to existing solutions within the Shift Insurance Suite (
Shift pioneered the use of Artificial Intelligence (AI) to help insurers not only better spot potential fraud in the claims process but also make more informed decisions about how best to respond to these suspicious claims. The ability to quickly determine if a claim should be investigated and if so, identify the optimal investigative approach injects significant efficiency and accuracy into the overall claims process. The company built on its success in fraud detection to address the
Shift Technology Automates and Optimizes Decision Making Across the Policy Lifecycle
Shift Insurance Suite Expands to Include Underwriting, Subrogation and Financial Crime Detection
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PARIS and BOSTON, Jan. 27, 2021 /PRNewswire/
Shift Technology, a provider of AI-driven decision automation and optimization solutions for the global insurance industry, today announced an update and expansion of its product offerings. Building on the company s success in fraud detection and claims automation, Shift now applies artificial intelligence and advanced data science to additional processes across the insurance policy lifecycle including underwriting, subrogation, and compliance/financial crime detection. Together, these products make up the Shift Insurance Suite.
Last modified on Wed 17 Mar 2021 12.10 EDT
When Johnny Rotten crouched on the edge of the stage in San Francisco in 1978, at the demise of the Sex Pistols’ US tour, and asked, “Ever get the feeling you’ve been cheated?” it would inspire a key moment in a film four years later.
In Ladies and Gentleman, the Fabulous Stains, Billy (Ray Winstone) fronts the Looters – a London punk band, all “poxy” this and “bollocks” that – rounded out by real-life Sex Pistols Paul Cook and Steve Jones, as well as Paul Simonon from the Clash. Billy addresses the fanatical teenage girl audience awaiting the set of headline act the Fabulous Stains, and snarls: “You’ve been ripped off.”
Génération Fights Against Fraud and Simplifies Health Management with Shift Technology
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PARIS and BOSTON, Jan. 6, 2021 /PRNewswire/
Shift Technology, a provider of AI-native fraud detection and claims automation solutions for the global insurance industry, today announced that Génération, a brokerage firm specializing in managing health and company pension plans, has selected Shift Technology to help health insurers control their expenditures and fight against fraud.
Healthcare risk carriers are experiencing a significant increase in payouts which in turn is driving up costs for corporate group insurance clients. In response, Génération established a centralized fraud detection unit, developed tools, and trained specialist administrators to more effectively identify and manage Fraud, Waste, and Abuse (FWA). Understanding that insurance fraud and fraudulent operating methods are constantly evolving, Génération sought to expand its d