Browsing Tag

fraud detection solution

FWD Singapore Taps Shift Technology to Improve Claims Assessment Capabilities

Pan-Asian Insurer Looking to Accelerate Claims Processing Time, Thereby Improving the Customer Experience Shift Technology, a provider of AI-native solutions for the global insurance industry, announced it is working with FWD Group, the leading pan-Asian insurer whose vision is to change the way people feel about insurance. To that end, FWD Singapore ("FWD") recently became the first health insurer in Southeast Asia to deploy FORCE, Shift's fraud detection solution that uses artificial intelligence to analyze multiple…

Shift Technology Lands $60 Million in C-Round

Led by Bessemer Venture Partners, Funding to Accelerate Mission of Enabling a Superior Claims Experience through the Power of AI Shift Technology, a provider of AI-native solutions for the global insurance industry, announced the company has closed a C-round investment of $60 million, bringing total investment in the company to $100 million. Bessemer Venture Partners led the round and was joined by previous investors including Accel, General Catalyst and Iris Capital. The investment will support the company's expansion,…