Our Insurance Client increased their performance 746x
746x
Performance
1000s
Claims Processed
Problem
Our client’s old software solution used a predefined set of rules in order to detect potential fraud activity based on data from the insurance claim. These rules took hours to be applied resulting in extremely low performance.
Challenge
They needed to execute over 150 rules and create an output score that indicates the probability of fraudulent activity for that claim. With over 1000 claims processed a day, it could take in excess of 8 hours to get these scores.
Achievements
The same process that took the old sofware hours was completed by Ultratimeseries in milliseconds. Without a reduction in accuracy, performance was increased 746 times.
Value
Elevated SLA availability and maximised service revenues.