Insurance Claims & Fraud Detection India Summit 2023

Over the past five decades, the insurance industry has achieved impressive growth rates, primarily fueled by increased involvement of the private sector, enhanced distribution capabilities, and substantial improvements in operational efficiencies. India's insurance sector, a premium domain, has seen substantial growth due to rising incomes and heightened awareness. This trend signifies a promising future for the industry, maintaining its pivotal role in the financial well-being of individuals and businesses in the country. The insurance market, valued at USD 6,313.33 Billion in 2021, is anticipated to reach USD 14,726.96 Billion by 2030, registering a Compound Annual Growth Rate (CAGR) of 9.21% from 2024 to 2035.

Challenges in the insurance industry encompass fraud detection, regulatory compliance, shifting consumer expectations, and technological advancements. To mitigate these risks, insurers are progressively utilizing data analytics and digital platforms to enhance efficiency, refine customer experiences, assess risks, and uphold financial stability while minimizing monetary losses.

Presenting the Insurance Claims & Fraud Detection Summit 2023 Inventicon focuses on addressing vital challenges and opportunities within insurance claims, fraud detection, customer experience, risk management and profitability. This summit will foster collaboration among industry experts, fostering insightful discussions and the exchange of valuable insights.

THOUGHT LEADERS

Platinum Partner

Gold Partner

Silver Partner

Exhibit Partner

Networking Partner

Media Partners

KEY TOPICS

  • Post pandemic transformation in the insurance industry
  • Cognitive technologies re-shaping the insurance
  • Transformative era with the integration of AI & ML
  • Re-imaging CX & customer management journey in insurance
  • Approach to reinsurance strategy and innovation
  • Revolution of AI for detecting fraud in financial transactions & process
  • Implementing compliance programs to identify hospital frauds
  • Implementing compliance programs to identify frauds

KEY TAKEAWAYS

  • Shaping by various technological advancements and evolving customer expectations throughout the claims journey
  • Techniques and approaches to prevent fraud using AI & ML
  • Monitoring and adapting of technology to stay ahead of fraudsters
  • Refinement and adaptation to fraud management techniques
  • Aiming for a streamlined and user-friendly KYC process that effectively mitigates fraud risks
  • Overview of fraud in financial transactions and strategies to overcome it.
  • Enhancing fraud detection process which effectively analyze the red flag indicators
  • To uncover the truth and take appropriate actions to address the fraudulent activities and mitigate future risks.
  • Focusing on creating positive interactions and key requirements for CX behavior

WHY SHOULD YOU ATTEND ?

  • To gather knowledge and Insights on Insurance
  • Building relationships with peers and industry experts can open doors to new opportunities, collaborations, and potential partnerships.
  • Strategies to achieve positive outcomes
  • Contribute to professional development and learning about the latest tool & technologies
  • Staying ahead with latest regulatory changes
  • An ideal platform to industry trends and Innovation
  • Insights into company benchmarking and enhancing customer satisfaction.
  • Enhanced credibility within the industry and showcase professional recognition
  • Contributing to professional growth, improving processes and opportunities for career advancement.

WHO SHOULD ATTEND?

  • Head of Claims
  • Head of Fraud Management, Prevention
  • Head of Legal & Compliance
  • Chief Risk Officers
  • Head of Underwriting
  • Head of Investigations
  • Head of Internal Audit
  • Head of Enterprise Risk & Operational Risk