Strong ROI from Shift Underwriting Risk Detection and Shift Claims Fraud Detection Drives Decision to Deploy Shift Subrogation Detection BOSTON and PARIS , Nov. 13, 2024 /PRNewswire/ -- Shift Technology , a provider of AI-powered decision optimization solutions for the global insurance industry, today announced that Elephant Insurance , a wholly owned US subsidiary of the Admiral Group, plc, a FTSE 100 company and one of the U.K.
's leading insurers has expanded its relationship with the company. As a result, the insurer will deploy Shift Subrogation Detection to more efficiently uncover subrogation and recovery opportunities in the claims process. A Shift Claims Fraud Detection customer since 2020, Elephant adopted Shift Underwriting Risk Detection in 2021.
To date in 2024, Shift solutions in use by Elephant have generated solid ROI for underwriting and claims fraud detection. Elephant is widely recognized for its customer-centric approach to insurance. This ethos is at the heart of the insurer's fraud fighting initiatives, as well as claims process modernization efforts.
In both underwriting and claims, Elephant views fraud detection as one of the best ways to ensure its policyholders are paying the lowest rates possible. Highly efficient fraud detection also allows the insurer to pay claims quickly and without unnecessary delay. Elephant's use of Shift's solutions during the underwriting process helps avoid premium leakage and future excessive claims while at the same time .