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AI as an ArtificalCopto Identify Fake Insurance and Robbery Claims

Artificial Intelligence (AI) now enables organizations to find and detects fake claims. Researchers from the Charles III University of Madrid and Cardiff University have introduced a system called dubbed VeriPol which is a machine learning system to identify false or fake statements through automatic text analysis. It can assure about 80 percent of accuracy in finding fake robbery reports. For insurance purposes, AI can be used as a medium to find out a fake claim without the need of a policeman. In Spain, the law enforcement organizations have adopted AI technologies to expose fake and theft claims.