The Business Times

Opinion & Features

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Opinion & Features

SUBSCRIBERS

Using AI and data analytics to fight insurance fraud

Peter Miller

Peter Miller

Published Fri, Feb 24, 2023 · 06:00 AM
Share this article.

IN 2021 in Singapore, 17 people were rounded up in a series of police operations to expose fraudulent and staged motor accidents. Five men were charged in April 2022 over their suspected involvement in motor insurance fraud. For some, the nefarious act is worth it: fraudsters can reportedly earn up to S$20,000 a month.

The impact on the industry is vast. The General Insurance Association of Singapore (GIA) has found…

SEE ALSO
China’s SenseTime soars 36% after unveiling beefier AI model
GET BT IN YOUR INBOX DAILY

Start and end each day with the latest news stories and analyses delivered straight to your inbox.

VIEW ALL

KEYWORDS IN THIS ARTICLE

Data analytics
Insurance fraud
READ MORE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Opinion & Features

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here