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5 Ways a New Approach To Voice Analytics Accelerates Claims Payouts in an Era of Increasing Fraud

With technological advances over the past decade, insurers have made strides in implementing technology to pay claims for the good guys faster while deterring opportunistic fraud. Although fraud technology used at first notice of loss (FNOL) has made it increasingly difficult for individuals to commit insurance fraud, the industry has a long way to go.

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Five Ways That Claims Benefits From Voice Analytics

Nearly every insurance organization—from local agents to corporate headquarters–uses integrated voice response technology to interact with callers and automate services. Thanks to DSP, NLP, AI, and other developments, there’s a growing ecosystem of voice technologies beyond IVR striving to improve both enterprise operations and the customer experience (although nearly 90 percent of people still hate phone menus.)

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California EDD Debit Card

EDD Fraud: Symptom of a Wider Claims Problem

In response to the ongoing COVID-19 pandemic, federal and state governments are offering increased benefits payments and unemployment benefits. Millions of people need the extra help to recover from the pandemic’s job loss and health crises. Unfortunately, aid programs of such magnitude invite fraud through identity theft and false or exaggerated information.

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