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Government funds AI project to tackle insurance fraud

#artificialintelligence

The UK government is backing a project by a collective of AI companies and the University of East London that aims to prevent fraud across the accountancy, insurance and legal services industries. Software being developed by the collective, which includes AI firms Intelligent Voice and Strenuus, will use algorithms and voice recognition to understand emotion and linguistics, working out whether insurance claims could be fraudulent. "Artificial intelligence and data are transforming industries across the world," said Business Secretary Greg Clark. "We are combining our unique heritage in AI with our world-beating professional services to put the UK at the forefront of these cutting-edge technologies and their application." The project developed by the three research and development organisations is just one of 40 being funded by the government from a £13 million pot.


Government funds AI project to tackle insurance fraud

#artificialintelligence

The UK government is backing a project by a collective of AI companies and the University of East London that aims to prevent fraud across the accountancy, insurance and legal services industries. Software being developed by the collective, which includes AI firms Intelligent Voice and Strenuus, will use algorithms and voice recognition to understand emotion and linguistics, working out whether insurance claims could be fraudulent. "Artificial intelligence and data are transforming industries across the world," said Business Secretary Greg Clark. "We are combining our unique heritage in AI with our world-beating professional services to put the UK at the forefront of these cutting-edge technologies and their application." The project developed by the three research and development organisations is just one of 40 being funded by the government from a £13 million pot.


Artificial intelligence to tackle insurance fraud and assess flood damage Innovate UK

#artificialintelligence

A project to develop breakthrough artificial intelligence technology for the anti-fraud sector is one of a number of new projects set to receive funding to enable the UK accountancy, insurance and legal services industries to transform how they operate. The artificial intelligence software, being developed by Intelligent Voice Ltd, Strenuus Ltd. and the University of East London will combine AI and voice recognition technology to detect and interpret emotion and linguistics to assess the credibility of insurance claims. The project is one of 40 backed by £13 million in Government investment to support collaborative industry and research projects to develop the next-generation of professional services. Artificial intelligence and data are transforming industries across the world.We are combining our unique heritage in AI with our world beating professional services to put the UK at the forefront of these cutting-edge technologies and their application. We want to ensure businesses and consumers benefit from the application of AI - from providing quicker access to legal advice for customers, to tackling fraudulent insurance claims, these projects illustrate our modern Industrial Strategy in action.


Artificial intelligence to tackle insurance fraud and assess flood damage

#artificialintelligence

A project to develop breakthrough artificial intelligence technology for the anti-fraud sector is one of a number of new projects set to receive funding to enable the UK accountancy, insurance and legal services industries to transform how they operate. The artificial intelligence software, being developed by Intelligent Voice Ltd, Strenuus Ltd. and the University of East London will combine AI and voice recognition technology to detect and interpret emotion and linguistics to assess the credibility of insurance claims. The project is one of 40 backed by £13 million in Government investment to support collaborative industry and research projects to develop the next-generation of professional services. Artificial intelligence and data are transforming industries across the world.We are combining our unique heritage in AI with our world beating professional services to put the UK at the forefront of these cutting-edge technologies and their application. We want to ensure businesses and consumers benefit from the application of AI - from providing quicker access to legal advice for customers, to tackling fraudulent insurance claims, these projects illustrate our modern Industrial Strategy in action.