French insurance-tech startup Shift Technology, secured $10m in Series A funding, led by Accel. The company developed a software that currently can detect a fraudulent insurance claim 75% of the time. It's not perfect, but it's pretty good...
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Shift Technology grabs $10 million to prevent fraudulent insurance claims
Insurance fraud is a big market as insurance companies have a lot of money and are always looking for way to optimize claims. Anything that lets these companies save money is worth doing. So Shift Technology’s platform looks like an easy sell.
