Fraud Detection

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Growing competition and economic difficulties are placing increased pressures on insurance companies to control cost and prevent losses proactively. Fraudulent claims are a major contributor to losses in this industry, and most insurance companies are seeking advanced predictive analytics to detect and mitigate fraud before it happens.

StatSoft provides a comprehensive Fraud Detection Solution that uses proven predictive analytics and a robust platform to detect anomalies and characteristics of fraudulent claims proactively. These concerns can also be flagged as new claims come in, enabling real-time fraud detection.


  • Leading-Edge Predictive Analytics: Sophisticated algorithms to build models that provide the highest accuracy and best ROI.
  • Enhanced Text Analytics: Advanced text miner tool leverages unstructured/textual data such as claim notes within the model building process.
  • Enterprise-Wide Solution: A multi-user, role-based, secure STATISTICA Enterprise platform allows for a truly collaborative environment to build, test, and deploy the best possible models for fraud detection.
  • Reflexive Models for Real-Time Needs: Live Score® processes new claims as they happen and updates fraud models in rapid turnaround times made possible only by STATISTICA’s integrated solutions.
  • Integrated Workflow: STATISTICA Decisioning Platform® provides a streamlined workflow where business rules and industry regulations are used in conjunction with advanced analytics to build powerful predictive models.

Included Technologies


Contact Us

2300 East 14th Street
Tulsa, Oklahoma, 74104
(918) 749-1119