Anthony R. O’Donnell // February 7, 2025
(Image source: Sompo Japan Insurance homepage.)
Sompo Japan Insurance Inc. (Tokyo) has selected EIS’s (San Francisco) advanced AI fraud detection solution, ClaimGuard, to strengthen the carrier’s efforts to prevent fraudulent claims in automobile insurance. ClaimGuard will support a new fraud-focused department, which will be launched in April this year, according to a joint announcement.
Leveraging ClaimGuard’s deep customization, the department will serve a pivotal role in developing effective investigation and response policies, managing fraudulent claims, and contributing to the prompt payment of legitimate claims, according to the statement. As the AI