Markerstudy Insurance Services Limited has signed a deal with Shift Technology, which specialises in AI automation for the insurance industry. The agreement will see Markerstudy deploy Shift solutions for fraud detection, risk detection and anti-money laundering.

Gary Hueting, chief operating officer at Markerstudy, said: “Our ability to better spot suspicious claims and policy activity, to better understand who is seeking a policy and why, and do so quickly and efficiently, ensures that our genuine customers are not inconvenienced by the activities of a few bad actors.”

Jeremy Jawish, CEO and co-founder of Shift Technology, added: “Although historically focused on claims, the threat of fraudulent behaviour stretches across both the policy and claims lifecycle. Insurers that apply a holistic approach to fraud mitigation will benefit by finding and addressing fraud as early as possible in their processes.”

Share Story: