Shinhan Life Develops SNS Insurance Fraud Analysis System
Advancement of Insurance Fraud Prevention System
[Asia Economy Reporter Oh Hyung-gil] Shinhan Life Insurance announced on the 26th that it has developed the industry's first 'Social Media Insurance Fraud Analysis System' that can detect insurance fraud through keywords to prevent the increasing promotion of insurance fraud on social networking services (SNS) and protect policyholders.
The Social Media Insurance Fraud Analysis System utilizes a 'web crawling technique' that collects and analyzes specific keywords from internet cafes, blogs, and other platforms. Through this system, words suspected of insurance fraud can be extracted to predict and prevent fraudulent insurance claims in advance, thereby enhancing detection capabilities.
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A representative from Shinhan Life SIU part stated, "Insurance fraud harms many honest customers," and added, "We will continue to develop insurance fraud prevention systems using digital technology to ensure that no innocent victims suffer."
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