New Offerings
published on Jun 17, 2014
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Report Overview:
Report Outline:
Hexaware has launched a fraud analytics tool, ‘iFraudEngine’ for the detection of fraud in the process claims lifecycle with a view to reducing the number of false claims payments to ~10%.
iFraudEngine provides market intelligence and reporting, forecasting, early fraud identification and pattern detection, allowing insurers to reduce underwriting and claims leaks by over 45%. This tool is capable of processing claims already in place.
iFraudEngine can be integrated into pre-existing policy administration systems (PAS), claims management systems or external databases.