Compliance and Risk Monitoring (CARM)

Increase monitoring coverage and efficiency to stay compliant and manage risk

Fraud Risk Monitoring (FRM) uses deep learning to discern anomalies and past data patterns to flag suspicious risks.

  • Applies aggregate experiences to consistently and rapidly discern factors potentially beyond human cognition

  • Checks for anomalies at transaction levels and portfolio levels to flag instances as well as unusual trends

Fraud Risk Monitoring (FRM) uses deep learning to discern anomalies and past data patterns to flag suspicious risks.

Consistent, comprehensive and near real time identification of risk factors 

Applies aggregate experiences to consistently and rapidly discern factors potentially beyond human cognition

Identifies Fraud triggers at individual and aggregate levels

Checks for anomalies at transaction levels and portfolio levels to flag instances as well as unusual trends

FRM scans risk triggers, monitors information, and provides timely actionable alerts enabling risk management and mitigation.

Fraud Risk Monitoring

Using Deep Learning, Decision Audit Module (DAM) compares with policies guidelines, payable conditions and decision consistency both during underwriting and claims to prevent any slippages both from decision quality and regulatory point of view

  • DAM ensures that decisions by Insurer and third parties are compliant to applicable regulations

  • Automatically and consistently ensure adherence to compliance frameworks for nearly all cases and triggers

  • Automated and triggered audits/checks on key functional aspects

Using Deep Learning, Decision Audit Module (DAM) compares with policies guidelines, payable conditions and decision consistency both during underwriting and claims to prevent any slippages both from decision quality and regulatory point of view

Monitor/validate the decisions to stay within compliance frameworks

DAM ensures that decisions by Insurer and third parties are compliant to applicable regulations

Automate routine checks and reduce expert workload

Automatically and consistently ensure adherence to compliance frameworks for nearly all cases and triggers

Continued monitoring of Portfolio level parameters by periodic  audits and feedback

Automated and triggered audits/checks on key functional aspects

Assistive AI – autonomous AI system to continuously optimize the target strategy across different touch points

Decision Auditing Module' (DAM)

Assistive AI – autonomous AI system to continuously optimize the target strategy across different touch points

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