French insurer teams with IBM Services to develop fraud detection solution

Auto insurance fraud costs companies billions of dollars every year. Those losses trickle down to policyholders who absorb some of that risk in policy rate increases. Thélem assurances, a French property and casualty insurer whose motto is "Thélem innovates for you", has launched an artificial intelligence program, prioritizing a fraud detection use case as its initial project. Fraud detection is a model that lends itself well to online machine modeling and is a project that would allow us to enter into artificial intelligence starting with the analytical field that we have prioritized. A successful fraud detection project would deliver immediate, significant financial gains for the company.