Fraud Analytics

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The Impact of Insurance Fraud


AMSTAT Consulting has applied an effective analytical approach to evaluate the cost of insurance fraud and to quantify the value of investments in counter fraud analytics capabilities in order to reduce our client's risk exposure. By incorporating this empirical data into its simple Monte Carlo model, AMSTAT’s analysis shows that the annualized cost of [...]

Fraud Detection and Fraud Prevention Analytics


Problem The universal problem is how to quickly determine the root cause of incidents and then contain and remediate them. Once this is completed, the goal is to return intelligence from the analysis back into the system for proactive diagnostics and mitigation for continuous cybersecurity improvement Purpose of the Study The purpose of the [...]