A Simple Machine Learning Approach for Fraud Detection in Insurance Claims

Insurance fraud is adding , impacting everyone including companies and everyday people.This paper looks at how to produce a introductory machine literacy system using logistic retrogression to pinpoint suspicious claims.We concentrated on straightforward factors, similar as the descendant 's age, the type of their claims, their once accidents, and the number of times they have been to the sanitarium.It turns out that indeed simple systems can descry patterns that are worth probing when trained on the right data.It's not rocket wisdom, but it's effective.