Fraud risk is changing rapidly as advances in AI are allowing fraudsters to step up their attacks, and transforming how insurers adapt to the new threats.

Fraud has evolved as AI becomes more widespread, as fraudsters adopt new AI-generated tactics. It's created schemes that are both easier to implement and harder to detect.

That's according to Kevin Lederer, senior vice president of the special investigations unit at Davies North America, who explains how carriers are responding to these advanced threats in this episode of the expert perspective podcast series.

In this podcast, you'll learn:

● What AI tricks fraudsters are using to add sophistication to their attempts

● How insurers use automation, red-flag rules, and fraud scoring across the claims life cycle to detect suspicious activity sooner

● Why human expertise and clear, explainable decision-making remain important alongside advanced fraud technology