Optimized Deep Learning for Car Insurance Fraud Detection Using Gray Wolf Algorithm

As policy knowledge grows, customers are now able to take advantage of a wide range of benefits, including property insurance, travel insurance, health insurance, and auto insurance. With more people opting to buy such insurance, con artists can easily take advantage of them. Clients and vendors of insurance contracts may commit insurance fraud. Client-side insurance fraud includes overestimated claims and postdated policies. In the vendor side of insurance fraud, policies are issued by non-existent companies, and premiums are not submitted, among other things. Deep learning can also help prevent fraudsters by spotting abnormal trends in insurance claims processing and customer background checks, possibly saving insurers a lot of money. This paper proposed Car Insurance Fraud Detection (CIFD) with hyper parameter optimization. The Gray Wolf optimization model shows optimal predictions of car insurance fraud using deep learning. Performance metrics such as accuracy are used to assess the effectiveness of proposed algorithms. CIFD has the highest accuracy rate of 99% among all deep learning models.

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Published
2025-04-17
DOI
https://doi.org/10.1109/icdsbs63635.2025.11031797
Primary Topic
Imbalanced Data Classification Techniques
Type
article
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article

Optimized Deep Learning for Car Insurance Fraud Detection Using Gray Wolf Algorithm

Jeyarani Periasamy, P SuthanthiraDevi, Deshinta Arrova Dew
Imbalanced Data Classification Techniques
article

Optimized Deep Learning for Car Insurance Fraud Detection Using Gray Wolf Algorithm

Jeyarani Periasamy, P SuthanthiraDevi, Deshinta Arrova Dew
article en

Abstract

As policy knowledge grows, customers are now able to take advantage of a wide range of benefits, including property insurance, travel insurance, health insurance, and auto insurance. With more people opting to buy such insurance, con artists can easily take advantage of them. Clients and vendors of insurance contracts may commit insurance fraud. Client-side insurance fraud includes overestimated claims and postdated policies. In the vendor side of insurance fraud, policies are issued by non-existent companies, and premiums are not submitted, among other things. Deep learning can also help prevent fraudsters by spotting abnormal trends in insurance claims processing and customer background checks, possibly saving insurers a lot of money. This paper proposed Car Insurance Fraud Detection (CIFD) with hyper parameter optimization. The Gray Wolf optimization model shows optimal predictions of car insurance fraud using deep learning. Performance metrics such as accuracy are used to assess the effectiveness of proposed algorithms. CIFD has the highest accuracy rate of 99% among all deep learning models.

INTI International University (MY), SRM Institute of Science and Technology (IN)
Peace, Justice and strong institutions
Openalex Percentile: Top 93%
Imbalanced Data Classification Techniques
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Optimized Deep Learning for Car Insurance Fraud Detection Using Gray Wolf Algorithm — Jeyarani Periasamy, P SuthanthiraDevi, et al. · (2025) | TGRS Research Map | TGRS