Whitepapers

Kasmo partnered with a leading insurance training agency to combat fraud using a custom-built fraud detection model. Leveraging Snowflake’s Python environment and machine learning algorithms like DBSCAN and Isolation Forest, the solution provided key insights into high-risk providers and attorneys. It enabled early detection of suspicious patterns, financial anomalies, and organized fraud rings. 

The model’s dashboards offered geographic and business impact analysis, enhancing decision-making and regulatory compliance. As a result, the client reduced fraudulent payouts, optimized investigations, improved underwriting, and maintained customer trust. Kasmo’s data-driven approach empowered the client with actionable insights to boost operational efficiency and fraud prevention.