Shift Technology
UnclaimedThe leading AI platform for transforming insurance operations with generative, agentic, and predictive AI.
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TL;DR - Shift Technology
- AI platform for insurance, enhancing underwriting, claims, and compliance.
- Utilizes generative, agentic, and predictive AI for accuracy and explainability.
- Features an Insurance Data Network for cross-carrier fraud detection and risk prevention.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Delivers greater-than-human accuracy in fraud and risk detection.
- Provides full explainability for every AI decision, fostering trust and understanding.
- Offers rapid deployment and easy integration with existing systems.
- Leverages a large team of insurance-focused data scientists for deep expertise.
- Enhances fraud detection by identifying cross-carrier patterns through the IDN.
Cons
- Requires integration with existing insurance systems, which may involve initial setup effort.
- The full benefits of the Insurance Data Network are realized with broader industry participation.
Key Features
Underwriting Risk Detection (policy fraud, premium leakage, misrepresentation)Claims Fraud Detection and investigation managementCompliance Risk Management (AML, KYC)Agentic AI for claims transformation and efficiencySubrogation liability estimation and recovery optimization with GenAIPayment Integrity for healthcare payment accuracyInsurance Data Network (IDN) for cross-carrier data exchangeAI-driven data mapping and entity resolution
Pricing
Paid
Shift Technology offers paid plans. Visit their website for current pricing details.
About Shift Technology
By Toolradar Team·
Shift Technology provides an advanced AI platform specifically designed for the global insurance industry. It leverages generative, agentic, and predictive AI to enhance various critical insurance processes, including underwriting risk, claims fraud detection, compliance risk management, claims processing, subrogation, and payment integrity. The platform is built to deliver greater-than-human accuracy and 100% explainability for every AI-driven decision.
This solution is ideal for insurance carriers looking to improve operational efficiency, mitigate fraud, reduce premium leakage, and enhance the policyholder experience. It helps insurers make faster, more accurate decisions across the entire policy lifecycle, from initial underwriting to claims resolution. Shift Technology integrates easily with existing systems and is backed by a large team of insurance-focused data scientists, ensuring continuous innovation and adherence to high security and data privacy standards.
A core offering is the Insurance Data Network (IDN), a cross-carrier data exchange that provides real-time insights to enhance fraud and risk prevention. IDN allows insurers to spot patterns and trends across multiple carriers, significantly increasing the detection of fraud networks and providing actionable, AI-driven insights while maintaining complete data ownership and control for participating insurers.
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Shift Technology FAQ
How does Shift Technology's AI achieve 100% explainability for its decisions in complex insurance scenarios?
Shift Technology's solutions are designed to not only provide an answer but also to clearly articulate the 'why' behind every decision. This is achieved through advanced AI models that are built with transparency in mind, allowing insurers to understand the factors and data points that led to a specific fraud detection, risk assessment, or claims recommendation.
What specific types of policy misrepresentation can the Underwriting Risk solution detect beyond basic identity fraud?
The Underwriting Risk solution goes beyond basic identity fraud to detect various forms of misrepresentation, including anomalies in quotes and applications, unusual policy changes during endorsements and renewals intended for misrepresentation, and manipulation or tampering within documents and photos submitted for policies.
How does the Insurance Data Network (IDN) ensure data privacy and security while enabling cross-carrier data sharing for fraud detection?
The IDN operates with a strong commitment to data ownership and control. Insurers retain full ownership of their data, with complete visibility into its usage. Shift Technology does not sell data to others or back to the original insurer. Data is protected using the highest security standards, and no other entity can use an insurer's data without explicit permission.
Can Shift Technology's Agentic AI for claims handle both simple and highly complex claim scenarios, and what is the impact on the claims experience?
Yes, the Agentic AI is designed to transform every claim, regardless of its complexity. It streamlines processes for both simple and intricate cases, leading to a more accurate and efficient claim experience for policyholders and improved operational efficiency for insurers.
What is 'Ghost Broking' and how does Shift's Underwriting Risk Detection specifically help insurers combat this type of fraud?
Ghost Broking refers to a type of policy fraud where unauthorized individuals act as intermediaries, often selling invalid or manipulated insurance policies. Shift's AI-powered Underwriting Risk Detection helps insurers combat this by proactively detecting identity fraud and identifying fraud networks, using advanced AI to analyze quotes, applications, and post-bind activities to spot suspicious patterns indicative of ghost broking.
How does Shift Technology's solution integrate with an insurer's existing core systems, and what is the typical deployment process?
Shift Technology emphasizes easy integration and adoption. The solutions are designed for rapid deployment, utilizing historical data in any format. Shift manages data mapping and delivery, providing integrations to core systems. The process is supported by 24/7 support, with no hidden maintenance or update fees, ensuring a smooth transition and continuous operation.
Source: shift-technology.com