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The emergence of review poses a world of almost infinite opportunity for insurance sectors, where knowledge has long been focused on businesses.
In the past, identification of fraud was restricted to agents who had to rely on a few facts and a substantial amount of intuition. In other fields, such as underwriting, policy renewals, and periodic tests that align well with modeling, new data analysis has introduced tools to make fraud examination and detection possible.
Insurance fraud costs billions of dollars a year for businesses worldwide, making it imperative for insurers to take a proactive stance against fraud. Below are ways reviews and other methods can help us prevent insurance fraud.
- Reading reviews
When you read online reviews of insurance companies, it helps you know if the insurance company are base on truth or fraud. The way the website is organized, customers comment section (feedback), contact, the address will give you insight about the company.
In the same way, there is an online review of insurance companies. The insurance company you register for will determine the review you need to read. For instance, if it is home insurance, then you read a review on home insurance. There are so many …