Combatting Insurance Fraud with Big Data and Analytics

Big data is proving to be both a blessing and a challenge to insurance companies in their battle against fraud. Access to growing volumes of internal and external data is providing insurers with more information than ever about crimes, losses and fraud perpetrators. Churning through all that data in a timely and efficient way can be a daunting, laborious task for carriers that are trying to make better use of limited resources, address regulatory compliance, and respond quickly to potential criminal activities.