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The Growing Threat of Invoice Fraud
in the Insurance Industry

Financial Loss

Insurance fraud costs the U.S. $308.6 billion annually.

This is a massive burden on insurers, increasing premiums and leading to preventable losses.

Fraude Hazard Acceleration

Invoice fraud is one of the fastest-growing fraud schemes.

Often overlooked in favor of larger fraud categories, yet it accounts for a substantial portion of financial losses.

Reputation Damage

10% - 20% of insurance claims are fraudulent. Many of these include manipulated invoices.

Inflated charges, duplicate invoices, or completely fake vendor claims.

Time Consuming

Manual fraud detection is outdated, slow, and inaccurate.

Nearly 75% of insurers still rely on manual systems to detect fraud, leaving them vulnerable to sophisticated scams.

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AI-Powered Invoice Fraud Detection

We built Verifex.ai because traditional fraud detection

does not keep up with evolving fraud tactics.

Our AI-powered platform stops invoice fraud before it drains your bottom line by scanning, scoring, and investigating invoices in real-time.

What is Verifex.ai

Verifex.ai is an advanced AI-powered fraud detection platform designed to protect organizations from invoice fraud before it impacts financial performance. Our solution delivers real-time scanning, scoring, and investigation of invoices, enabling businesses to stay ahead of increasingly sophisticated fraud tactics.

Verifex.ai eliminates manual verification processes through AI-powered invoice validation, provides immediate identification of fraudulent or duplicate vendors, detects manipulated charges and anomalies through pattern-based analysis, and seamlessly integrates with existing CRM and claims systems for maximum operational efficiency.

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Why Verifex.ai?

Save Millions

Reduces fraudulent payouts and recover lost revenue

Faster Fraud Detection

Identify suspicious invoices in seconds rather than weeks, allowing for immediate intervention

Seemles Integration

API-based implementation with zero disruption to existing workflows or infrastructure

Real-Time Protection

Continuous monitoring catches sophisticated fraud attempts that traditional systems miss

85% Accuracy Rate

Our AI algorithms correctly identify fraudulent patterns with 85% accuracy

ROI Within 90 Days

Customers can see positive returns within their first quarter of implementation

Get Started with Verifex.ai Today

Protect Your Bottm Line with AI-Powered Invoice Intelligence , book a demo now

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The Growing Threat of Invoice Fraud in the Insurance Industry