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Stream/Area:
-
Subject:
-
Paper ID:
IJSREMWP5021
Volume:
8 |
1 |
Jan 2024
Pages:
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Insurance fraud has been a problem since the inception of insurance. However, the methods used for committing fraud and the frequency of these incidents have increased in recent years. Vehicle insurance fraud often involves making false or exaggerated claims for damages or injuries resulting from an accident. Examples of this type of fraud include staged accidents, the use of phantom passengers, and false personal injury claims. In this paper, we analyze data to understand the characteristics of fraudulent claims and use machine learning algorithms to detect this type of fraud.
KEYWORDS
Publication Date
12/31/45321
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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No funding information available for this research.
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