Tawuniya selects SAS analytics platform to combat fraud

Saudi Arabia's Company for Cooperative Insurance (Tawuniya) has picked SAS to bolster its analytics and fraud/waste prevention capability within its medical insurance segment. Tawuniya has deployed a SAS Insurance Fraud Management system to improve the speed of claims settlement and fraud identification. The insurer will also be able to leverage SAS predictive modeling to detect anomalies and outliers to minimise losses through the use of analytics. Tawuniya will also benefit from a more efficient medical claim cycle, powered by the SAS AI, analytics and machine learning (ML) capabilities embedded in the solution. According to Global Health Care Anti-Fraud Network, it is estimated that $260bn, approximately 6 per cent of global health care spending is lost to fraud annually.