AITechRadarabout 2 hours ago
Zurich Finds AI Behind 20% of Fake Claims
3 min read
Zurich UK and Quantexa analysis found generative AI fabricated supporting evidence in 1 in every 5 fake insurance claims, as organized crime rings staged accidents and invented incidents. Zurich uncovered 4,359 fraudulent claims worth £109.3 million, up 22% from 3,562 in 2022, with £17.9 million detected using advanced analytics and AI.
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