Fraud has long remained a silent pandemic in the insurance industry. It causes financial losses to companies, complicates procedures for genuine customers, and casts a shadow of distrust over the entire sector. In the digital age, as fraudulent techniques evolve, so do preventive technologies. Among these, Natural Language Processing (NLP) stands out as the most […]

Under a non-disclosure agreement (NDA) with the United States, the government has initiated steps to repeal the reinsurance provision from the Insurance Corporation Act. If this provision is removed, the state-owned General Insurance Corporation’s business and income are expected to decline, causing concern within the organisation. Reinsurance is a process where an insurance company transfers […]