Insurers deploy AI to tackle fraud

Insurers deploy AI to tackle fraud

AI-driven automation is helping insurers reduce turnaround times, while strengthening fraud detection and operational efficiency. Artificial intelligence (AI) is rapidly becoming a core part of South African insurers’ operating models, with firms using the technology to automate quoting, accelerate claims processing, strengthen fraud detection and improve customer service. While approaches differ, insurers increasingly view AI…

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Why banks and insurers need a single decisioning brain as pressures collide

Why banks and insurers need a single decisioning brain as pressures collide

The banking, financial services and insurance sector is navigating an unprecedented convergence of economic and regulatory pressures. Rising cost-of-living pressures, household cash-flow stress, regulatory expansion and new risks linked to climate, fraud, conduct and geopolitical volatility all converge to create a perfect economic storm. Socio-political shifts mean that customers now expect greater transparency, demonstrable concern…

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