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Thursday, October 17, 2013

4:45 p.m. - 5:30 p.m.

ROLE OF DATA AND ANALYTICS IN FIGHTING INSURANCE FRAUD

Ayan Sarkar, Associate Principal, MCKINSEY & COMPANY

Fraud is a serious problem facing the Insurance industry, causing damages of about $8+ billion per year in the US alone. In this session, we will describe how three disruptive trends are converging to transform carriers' ability to fight fraud: First, the increasing availability of advanced analytics techniques such as link analysis. Second, the improved accessibility to detailed data from internal and external sources. And finally, innovations in the operating model to triage and investigate the insights from fraud analytics.

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