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Europe Start-Up InsurTech Award 2017 - Shift

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Fight fraud with AI

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LINES OF BUSINESS
MOTOR
60M claims
analyzed to date
HEALTH
Detected networks involving over
30 healthcare providers and af...

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CLIENTS

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Europe Start-Up InsurTech Award 2017 - Shift

  1. 1. Fight fraud with AI
  2. 2. LINES OF BUSINESS MOTOR 60M claims analyzed to date HEALTH Detected networks involving over 30 healthcare providers and affecting more than 7.000 policyholders WORKERS’ COMP First SaaS-solution to detect fraud in a production environment HOUSEHOLD Fully-integrated image analysis to improve fraud detection TRAVEL Live in three continents
  3. 3. CLIENTS
  4. 4. FORCE TM PAY AS YOU GO No engagement, client pays per claim and can stop at any time ALERT SEND Real-time alerts for suspicious cases sent to fraud handlers DATA TRANSFER Client sends data in preferred format 1 2 4 3 TM DATA ANALYSIS Force uses AI to analyse and score claims TM AI EXPERTISE Shift’s renowned research team is making ground-breaking progress in insurance-related machine learning. Our clients reap the benefits of the most advanced detection methods, tailored specifically for their unique fraud environments. We don’t simply send alerts, our data scientists work alongside fraud management teams to constantly improve scenario algorithms and ensure accurate modelling of ever-evolving fraud landscapes. OPTIMIZATION The Force interface provides clients with quantitative and qualitative claim reviews. This multipronged analysis increases a fraud handlers' productivity allowing them to focus on only the most suspicious of their cases with preidentified paths for investigation. Furthermore, our SaaS model runs independently; all future maintenance, updates, and enhancements to the solution are deployed without any client intervention. SECURITY Shift datacenters are state of the art, with SOC-1, SOC-2, and ISO 27001 certifications. Our applications and systems are regularly assessed by third party security firms. Likewise, employees are thoroughly trained on proper treatment of sensitive information in both its physical and virtual forms. SIMPLICITY Results are displayed on an ergonomic web interface designed to facilitate a fraud handler’s investigations and promote collaboration within teams. Alerts can be sorted, filtered, reassigned, and qualified. Explanations for suspicion are clear, concise, and actionable.
  5. 5. SOLUTION DIFFERENTIATORS DISRUPTIVE MODEL Our SaaS+ solution streamlines and scales an insurer’s ability to detect fraud PROVEN TRACK RECORD A 75% hit rate ensures a marked reduction in false positives (industry best: 35%) THOUGHT LEADERSHIP Our AI research team is driving industry-wide advancement of insurance-related data science INSURANCE SPECIALISTS More than 90M P&C and 300M Health claims analysed to date SEAMLESS INTEGRATION Equipped with client’s historical data, we implement in four months
  6. 6. ACHIEVEMENTS & PRIZES FUNDRAISING 12M USD raised from French and American venture capital funds TOP 20 INSURTECH KPMG designates Shift as one of world's leading InsurTech innovators TOP 100 AI CB Insights names Shift among global leaders in AI at Innovation Summit TOP 100 SAAS Shift tops leading VC’s list of most promising SaaS companies
  7. 7. +852 9285 8683 asia@shift-technology.com +33 1 86 95 22 82 europe@shift-technology.com +1 646 586 9965 americas@shift-technology.com

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