Our subject for this week is an analysis of a serious matter that brings financial drawbacks to companies and their customers for years: fraud. The fact itself that you have to think twice before saying whether it is fraud or not makes the process more complicated and expensive. Neither of those are good. Specifically, we will be looking at insurance fraud. In the paper the author mentions that the undetected frauds represents about 10% of insurance claims in Europe, which leads to 10% to 19% of the costs of the insurance companies. …

Marcos V Panyagua

Student at FlatIron, aspiring data scientist interested in solving real-world problems with data. Linkedin: https://www.linkedin.com/in/marcosvprestesfernandes/

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