The category of Machine Learning/AI algorithms used to detect insurance fraud is called?
Answers
Machine learning: The branch of computer science and technology that deals with the programming of computers to perform tasks independently is referred to as machine learning.
Categories of machine learning algorithms are,
- Supervised learning
- Unsupervised learning
- Reinforcement learning.
Insurance fraud detection: The machine learning algorithm that detects in the possibility of fraudulent documents or insurance is referred to as insurance fraud detection. The trend is identified and the fraud is detected.
SVM is a type of supervised learning that uses historical data to identify trends.
Hence, Support Vector Machines by Supervised learning is the category that is used to detect insurance fraud.
To detect the insurance frauds, Support Vector Machines (SVM) is used which is a kind of supervised learning.
The branch that deals with such crimes is known as the insurance fraud detection.
The AI algorithm detects the possibility of the fake documents that are referred to as insurance fraud detection.