Motor Vehicle Insurance Fraud Detection Using...

Motor Vehicle Insurance Fraud Detection Using Machine Learning

Author Name : Vaishali Surjuse, Anurag Hiwarkar, Govind Upadhyay, Rajat Siriya, Shruti Kawale

ABSTRACT

Machine learning stands as a hopeful solution for detecting motor vehicle insurance fraud. Through the examination of historical claims data, machine learning algorithms can uncover patterns and irregularities linked to fraudulent activities. This can enable insurance companies to identify fraudulent claims more efficiently and effectively when compared to conventional methods.