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Hexaware Technologies launches iFraudEngine

18 Jun 2014 Evaluate

Hexaware Technologies has launched ground-breaking Engine iFraudEngine for fraud deduction in the Insurance Industry. The company’s ground-breaking technology will save the insurance industry significant savings in the range of 3-7% of the current Gross Premium Revenues. Its new fraud analytics solution is the first of its kind and its unique features provides insurers unmatched fraud management capabilities and visibility. This enables early detection of fraud in the process claims lifecycle, reducing the number of false claims payments to about 10 per cent.

iFraudEngine provides actionable market intelligence and reporting, forecasting, early fraud identification and pattern detection, allowing insurers to reduce underwriting and claims leaks by over 45%. This engine is technology and business-systems agnostic and easily integrated with any pre-existing policy administration system (PAS), claims management system or external database, while also being capable of processing claims already in place.

Hexaware Technologies (HTL) is IT and Process outsourcing service provider in global space. The company provides technological solutions and specialises in Business Intelligence, Business Analytics, Enterprise Applications, Transportation, HR-IT and Legacy Modernization.

Hexaware Tech. Share Price

487.95 -7.35 (-1.48%)
20-Apr-2026 16:59 View Price Chart
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