Nigerian insurers close claims fraud gap with $450k expansion fund2021-04-082021-04-08http://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.pngliquidafricahttp://www.liquidafrica.com/wp-content/uploads/2015/12/LA-Logo.png200px200px
Insurance companies in Nigeria and other African countries are to benefit from Curacel’s $450,000 pre-seed funding for expansion that targets to address issues on claims fraud.
Curacel’s AI-powered system works by figuring out whether a claim is true while detecting and flagging false and fraudulent claims. Apart from serving insurers directly, it creates a link between insurance companies and primary care hospitals, travel agencies, automobile companies, and security outfits.