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Can some insurance companies detect fraudulent claims using BI software? 1) True 2) False

Can some insurance companies detect fraudulent claims using BI software? 1) True 2) False

Final answer:Yes, someinsurancecompanies use BI software to detect fraudulent claims by analyzing patterns and anomalies in claims data.Explanation:Yes, some insurance companies useBusinessIntelligence (BI) software to detect fraudulent claims. BI software utilizes data analytics and machine learning algorithms to identify patterns and anomalies in insurance claims data, helping insurance companies identify suspicious claims that may be fraudulent. For example, the software can analyze factors such as claim history, claim amounts, timing of claims, and relationships between claimants to detect patterns indicative of fraud.Learn more about Insurance Fraud Detection here:brainly.com/question/32321833#SPJ1...

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