Stay one step ahead of Fraudsters
Insurance Fraud Detection
“At HDFC ERGO we pride ourselves on providing absolute customer delight. We are using advanced Artificial Intelligence for meaningfully upgrading our customer experience. Perceptiviti’s cutting edge Artificial Intelligence platform, Sherlock is a step in that direction. Sherlock helps us in efficiently processing claims and reducing the time for processing and investigating claims. The platform pays for itself in a short period of time and helps us to stand firm beside our customers when they need it the most”
– Col. Sujeet Sinha, EVP & Head – RLMU & CMT
Sherlock - Artificial Intelligence
Our flagship product Sherlock is a Cognitive Fraud detection platform. Sherlock is based on state-of-the art Artificial Intelligence and Cognitive Sciences algorithms and has delivered accuracy of over 90% on commercially deployed instances. Sherlock has assessed over 1 million insurance claims and is refining its results every day. Sherlock’s Adaptive Rules provide additional flexibility to your business by allowing your Fraud Analysts to explicitly define rules to catch emerging fraud scenarios. A cognitive platform built grounds-up for detecting fraud, it helps reduce cost of Fraud Detection by over 70%. Sherlock, frees up time of your most skilled resources to focus on complex cases, leaving day-to-day to Sherlock.
Sherlock is a Software as a Service platform and works on the most secure cloud infrastructure. It is provided in a Highly Available manner to allow your business to function without interruptions
Micro ServicesSherlock’s underlying design is based on a Micro-Services Architecture. Resulting high architectural flexibility allows Sherlock to rapidly deploy newer innovations and always help you stay ahead of the curve
Sherlock’s simple APIs allow easy integration with your internal systems and works in a near plug-and-play fashion. The integration and go-live time could be as little as one week to a maximum of twelve weeks, so you can start deriving the RoI rapidly.
Sherlock provides incredible insights and data visualizations. These visualizations help the business teams further feedback interesting insights in product design and delivery, thereby compounding benefits of the platform
Perceptiviti’s Sherlock platform offers a secure, reliable, and scalable infrastructure that provides a simple RESTful API based integration point to ensure the sharing of critical data to and from any source system. Getting started with Sherlock is simple, integrate your core claims application using simple easy to use integration guides. Most organizations are able to get started with Sherlock with just a few hours to a few weeks of engineering effort.
Sherlock’s AI algorithms require access to significant quantities of high-quality data in to effectively detect and prevent fraud. The quality of the results you see are directly in-line with the quality of data shared with Sherlock.