Shift Technology provides SaaS solutions that enable insurance companies to detect claims fraud in the health, property and casualty segment. It offers a decision support platform that can automate insurance fraud detection by leveraging bigdata and machine learning/artificial intelligence technologies. The SaaS platform solution provides a comprehensive analysis of both internal and external databases.The company was selected by MetLife InusrTech accelerator program collab in 2017.
Shift Technology provides insurance companies with SaaS solutions that utilizes advanced data science and machine learning/ artificial intelligence to help insurers detect claims fraud in the Health, Property and Casualty segment (P&C).
PRODUCTS & SERVICES:
Shift Technology product offerings include:
Force: Offers a decision--making platform that can be used by the insurance companies to identify fraudulent claims and networks. It provides actionable insights abot the various that appears suspicious in a claim.
Luke: It enables automation of the end-to-end claim management solutions right form filing a claim to policy payout.
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PRIMARY PROBLEM SOLVED:
Enhance insurance fraud detection capabilities and increase fraud savings and optimize claim handling process
Having successfully harnessed AI to reproduce a fraud handler’s deductive reasoning, they plan to replicate this achievement within claim handling as well.
MEDICI analysts will analyze Shift Technology soon
Insufficient information for accurate analysis
DATE OF LAST FUNDING:
TOTAL FUNDING COMMENT:
The company will use the fund to open an office in New York and another one in Tokyo and also to bolster the team and build out the product scaling new fraud detection products for life insurance and workers compensation. (Oct. 2017)