Month: November 2018

There are so many ways that insurance fraud hurts companies and also their customers. Whether it’s a bad claim or a shady broker, these frauds cost insurers over $40 billion a year according to the FBI. Those figures don’t even include medical insurance fraud, which can cost tens of billions more. Now, the insurance industry is fighting back by using artificial intelligence.

Fraud is Pushing up Premiums
The rate and cost of insurance fraud is quite staggering. According to YoungAmericaInsurance.net fraud tacks on an extra $400 per year overall in premium increases on auto insurance. Since there aren’t enough human investigators to thoroughly check up on every claim, we have to rely on machines to help us find and stop these criminals.

Artificial Intelligence is Aiding Insurers Fight Against Fraud
Using different AI machines, that help identifies inconsistencies and weird patterns, insurance companies can now flag fraud more easily. Whether these machines try to find rigged auto accidents or misreported property damage costs, there is a wide range of ways to spot these crimes using smart data. With the power of artificial intelligence and data mining, insurance costs might be reduced in the near future. That means lower premiums for consumers and fraudsters getting locked up.

Insurance Startup Lemonade uses AI Software
One such company using this power of data is New York-based Startup Lemonade. They’re a young company that works with home and renter’s insurance. Lemonade CEO Daniel Schreiber states that “Lemonade is able to evaluate and then accurately pay out claims quicker than traditional insurance companies due to its data collecting power.” Claims are instantly approved or rejected using a new algorithm created by Lemonade’s own advanced software.

Of course, there is still an element of human review as well. People can look into individual claims after they’ve been paid, just to ensure that the automated process is accurate. Machines are very accurate, but they aren’t always perfect. There remain some claims and situations that need a human eye to properly analyze.

What Lemonade is doing isn’t meant to cause more competition between insurance companies, but rather it will help insurers find a faster and more accurate way to identify insurance fraud.

One big issue is the fad of no-touch or low-touch claims processing. Insurance companies need the help of AI to deal with even the most basic of scams. This allows human investigators to get involved with more complex cases that computers may not be able to help with.

These sophisticated AI technologies can also figure out complex fraud, including when groups of people are in a scam together. If similar types of claims are being filed, even though lawyers or doctors, it will send up a red flag.

Quiggle states that the help of data crunching and AI technology is what brings the fraud into a visual perspective. It assists people in identifying what they otherwise might not have noticed without the aid of computers.

Is Big Brother Watching?
Another such reason for this sudden advancement in scam-seeking technology is the rise of available data to investigators, assistants, and digital machines. Anything from a social media post to a public announcement can be taken and analyzed as data with AI software. Pictures of license plates, photographs of someone’s injury, and even mileage tracking on a smart phone are all different types of data that can be collected to prove whether or not a claim is real.

All of these data collection strategies can be implemented when AI scans for pictures and videos on the Internet. In the future, companies may be able to accurately rely on artificial intelligence recognition image technology to help process claims. This will increase productivity in the workforce, reducing the time that humans have to spend on each claim and thus save insurers money. The biggest goal of this process is to greatly increase the customer experience and lower premiums.

The increased use of machines to help us with insurance fraud claims have definitely raised questions about privacy concerns and whether or not this complies with standard regulations in the industry.

The general rule of thumb is this: anything that can be found in a browser can theoretically be collected by any data collecting agency or machine. Relevant information can be sought out and found in any manner of ways.

This can include finding evidence about someone claiming that their car was stolen, to see if that car has been listed in a classified ad or in a social media post to see if it matches up with what the claim is stating.

The Future of Artificial Intelligence in the Insurance World
Although it is still difficult to find and bust 100% of the fraudulent claims that are being listed, the future of AI in the insurance world holds tremendous promise. Insurers are excited to reap the benefits of advanced algorithms by looking towards the development of enterprise strategies.

This can help the future use of AI in a variety of different ways, and not just for fraud, but also better overall customer experience. AI might also help lower insurance costs, which is a win-win for consumers and companies alike.

Parenting is one of the toughest challenges for a couple. But, being a single parent is a gargantuan challenge in itself. It doesn’t have to be that way! Most women put financial literacy on the back burner until they get thrown into a situation unexpectedly. Financial independence is the key to iron out the little hurdles that come your way. 

Mothers are nurturers and providers of all the basic sustenance of growth and development to their children’s. Single mothers have to take on an added responsibility of financial security for themselves and their children. 

Following these simple tried and tested methods that are already being followed by millions of single mothers, world-over will get you the leverage on your financial independence and security. 

Balance your income and expenses

A wise way to manage your finances is balancing your expenses with your income. Manage your income prudently. Keep a record of your expenses and balance them against your income. Be sure to refrain from over-spending. Budget your expenses and set aside some as savings or investment. Several programs are available – like Microsoft Money, Mint.com, Quicken etc to help you monitor manage your expenses, which is a great start.

Pay your debts and bills on time

Your lenders would love it if you defaulted. Not paying your bills on time could result in a penalty or late payment fee. Staying on top of your payments will ensure you don’t bleed money as a defaulter. You can also try paying a little towards your loans and mortgages or going for a debt consolidation. This will significantly bring down the principal amount payable which in turn can bring down your mortgage and years of loan repayment. 

Be a savvy shopper

Penny saved is a penny earned. Shop around for the best prices online. Compare and look for online deals and discounts. Take pride in becoming more frugal. Never pay full price. Buying toys or children’s furniture at thrift stores will cost a fraction of the cost of brand-new items at the departmental stores. 

Avoid using your credit card. Use cash or your debit card which will give you a clear picture of your expenses and balances at the end of the month. Don’t go shopping to placate your disappointment. If you see something you need to buy, consider taking a day or two before you indulge. This way it can give you an opportunity to mull over and determine if is an absolute must.

Enroll in tax saving plans

Put aside a small part of your earning as your retirement fund. Certain contributions like the 401K plan or government bonds are exempt from tax liability. Not only do you earn in the form of tax savings, but you will also let your conservative investment grow to give you assured returns. 

Don’t let go the tax benefits you can avail

Governments offer several tax rebates to low-income families. Be educated about your tax credits. Be smart about keeping your mortgages low, but availing tax rebates on interest paid. The US government offers tax credits for childcare costs up to $1000 per child, up to the age of 17. Take the credits and reinvest them wisely.

Start investing in small investment schemes

Small Invest Plan is a systematic saving plan which invests a fixed sum periodically in low-risk funds. The best part is its power of compounding. It is a great way to put aside a sum of money for the children’s college fund or as a retirement plan. Small invest schemes can be started with humble and affordable investment plans. They are flexible, and the amount can be deducted directly from the bank. Once the term expires you may choose to continue or withdraw the lump sum. Saving is a discipline that must be inculcated. 

Earn money taking paid online surveys

Businesses are always looking for honest opinions about their product and services. They pay in cash or gift coupons for surveys taken. Register today and start earning. Traveling to work back and forth can be time-consuming and can chew quite a chunk of your expense.  Online paid surveys can be taken from home without any time constraints, working-hour restrictions and at your own terms. You can choose to work at any time of the day based on your convenience.

Set a financial goal

Keep a target income and work towards it.  Try reducing your monthly expenses by either going for more sensible options or cutting your expenses by making a few lifestyle changes like renting a cheaper home. Consider splitting expenses with another single parent family. Be resourceful. 

Consider moving to a better paying job

Where there is a will there is a way. Reconsider your needs and worth. More often than usual, do people get complacent in their current jobs. They gain newer and better skills but continue to work for the same pay scale. Reevaluate yourself. Talk to your management about your accomplishments and your financial needs. If that does not work, consider moving to a place that pays better.

Add to your bank balance by considering earning online in your spare time. 

Homemakers and part-times have ample opportunities to make money online. It is a great way to earn a little extra for those unexpected family exigencies. 

The key to sustenance is planning ahead. Budgeting and saving are the two sides of the same coin. A strong social network with family and friends will help you cope with emotional turmoil. Your savings will give your peace of mind.

We are much happy in the Denmark in order to give away the gifts whether it is about the Christmas presents, or the birthday gifts or just a spontaneous gift as to be every now and then. For the purpose of the Christmas present it can somehow quickly be much hard to find the money for it. For buying gifts for each single person, it would be much an expensive affair. Christmas gifts can somehow be quickly come up and hence it would cost thousands of dollars.

Amazing Idea to borrow for Christmas Gifts:

It would be best idea if you will be browsing all around various loan providers. Loan is always the best idea to choose the ideal Christmas gift for your friends and family mates. You should be asking yourself as about when you should repay the loan and whether you want to do it in small or large doses. 

How much you can borrow for Christmas Gifts?

You have the chance of borrowing the money online and getting with some more respite into the economy.  You can search for the loan that is suitable for your requirements. We will be making you mention with the name of the Denmark being one of the most transparent on the listings of the online loans. It is important that the loan should be suiting you at the best. The loan amount that is put into this page will be ranging into 500 kr. This would be up to the range of 300,000 kr. So many of the people will be having the opportunity to find the best of the suitable offer loan. We would suggest you to borrow with the loan that is all set with the monthly repayment of more than 25% of the monthly category of salary. If you are having a partner, then it is important to borrow with some small amount that is a greater liquidity for repayment.

Getting Cheapest Loan for Christmas Gifts?

Borrowing money online is the medium that is considered to be much easy and safe and fast too.  It is much quick to apply when it comes to the application of the online loan. It is much easy for the providers to collect the money through the online loan system.  If you are in search of the best loan online, then you will not be getting as beyond the team of the OPP. It is one of the most important terms in order to find away with the loan that is beneficial for you. OPP is the expression of annual cost per cent. This is for the reason that this term is considered to be one of the most important as in finding with the pricing of the loan. It is the key figure that will be going all your total sum of the cost of the loan that is including with both the fees and interest.

In order to select the fixed rate loan from www.online-lån.dk, you can visit with this platform right away. You can get much information straight away from here!

Trading is a passion for lots of people today as it generates higher income for many. Nowadays, few other options are gaining reputation related to trading. These types of services are cost-effective and almost comparatively risk-free.

Understanding Binary Options

The binary option is considered in the situation where the payoff needs to be done with a specific amount of asset or almost nothing. You can do business with a cash-or-nothing binary option or asset-or-nothing option. While in the first case, you need to pay some money when the option expires, in the second case, the investor needs to pay the value of the actual security. The term binary is employed from the concept that there can be only two possible outcomes.

As a trader, you should have some knowledge about the options as well. There are many sites which help in getting knowledge related to such trading activities. It is easy for you to browse such sites to gain insights into binary options. You are able to opt for free service and later switch to paid enrollment if you feel comfortable with these trading concepts.

While choosing a temporary binary option, you may well not be uncovered to high-risk factor. If you are trading in such options, the overall payout is considered to be around 70 to 75% that has been risked on a particular option. Thus the investor can generate income on every small move. In fact, these work best amidst market uncertainness and volatility.

Signal Providers Can Boost Winning Chances

If you are interested in trading during these options, it is essential for you to have access to the most excellent binary options signals service. Each signal can be considered as a discretionary analysis, informing the trader of possibilities to take a position in it. Actually, many providers are available nowadays which provide thoroughly professional and knowledgeable services related to binary options trading. Usually, they perform the statistical, technical, fundamental and analysis every week on different financial assets. After that, they inform the investor of future opportunities on any particular asset class. They even do volatility analysis which is often transformed into binary options trade in most of the situations.

You can get the option signals related to pair trading to predict which will be going higher. For example, the performance of Dollars against other currencies of the world can be tracked with such signals. You can decide if it’s worth taking a position at the current level. There are many more things that can be done with them. However, it is vital that you have the right signals and expert analysis at the right time.

The Bottom Line

It is not necessary to get the signals, and it is possible for you to perform just about all of their own study and analysis. It is usually certain that they are going to get better at it over time along with more experience. However, a provider associated with signals will not only alleviate the lot of work, but they could also save a great deal of time. Lots of investors are successful without by using a provider; however, signals may be a beneficial tool with regards to making educated decisions about when and how to make specific trades.

The idea behind binary options investing is a relatively simple one. Trades are created based on a prediction showing how the particular price of a resource will move. They will show you whether or not a price will move up or down, hit a specific level, and stay inside a range of prices or move outside that will range. One thing that will traders appreciate about the market is that they know just before the trade how much money will be being risked and just how much profit will be made whenever they make the particular correct prediction. Recently signals have come into a destination to help traders make these types of varieties of forecasts. A providing service can help traders regularly make prosperous trades.

Signals Are Recommendations

Basically, binary options signals are recommendations. Yet these tips are centered on computerized analysis that uses a specific algorithm and careful monitoring of the financial market. As soon as the analysis is complete and a suggested business is made an automated message is sent to the trader who may follow the suggestion or even ignore it. Many skilled traders use binary options signals to save time as well as obtain improved results. Receiving market signals conserve the investor many hours of checking the market and attempting to analyze all the particular possible movements and final results. It can save all of them from spending hour right after hour researching assets. Beginners can use binary options signals to help all of them learn how the marketplace works and how trades are usually chosen and made.

Importance of Provider

These signals are just as reliable as the particular company which is making all of them. Most signals are a personal computer made. However, many companies nevertheless employ a considerable number of analysts who research plus watch various indicators. A few companies hire veteran investors who can use their particular years of experience and knowledge to generate signals that can be helpful to traders.

How to Select Signal Provider

Selecting the company which sends binary options signals can appear somewhat confusing, but right now there are many credible suppliers available. The first factor to note is that will just because a provider is a lot more expensive does not indicate that will their ideas are any more accurate. Make sure to not use the price as a primary indicator of the provider’s reliability. Then keep in mind that a provider which makes absurd claims is probably just that. Become very cautious of individuals providers who claim to increase riches at an astronomical rate. One of the most crucial things to look regarding in a provider will be that they are trustworthy. Just how do other traders talk about them? Do these people have a positive background and good popularity? It could be beneficial to read up on some legitimate reviews on different providers before selecting one. Another destination to test out the signals provider is in forums and discussion planks. Other traders are usually very honest about their online dealings and are desperate to prevent other traders from being taken benefit of with a scam.

Cryptocurrencies have exploded in popularity all around the globe. More and more people are interested in investing in bitcoins. They are looking for any means of getting funds to buy bitcoins. A loan appears to be a logical option.

It’s estimated that more than 20 percent of people buy bitcoins and other cryptocurrencies with borrowed money. Is it a good idea? Well, it depends on individual circumstances.

It may be tempting to use credit cards and loans to invest in bitcoin. Be aware of high interest rates and low credit limits though. As a matter of fact, bitcoin purchase through credit card is usually charged as a cash advance. This results in higher interest and fees.

Coinbase

It’s also worth noting that Coinbase tends to charge extremely high fees when buying with a credit card. For example, they will charge about $160 when using a credit card to purchase 4,000 dollars worth of cryptocurrency. The good news is that Coinbase will only charge around $60 when you’re using a loan to finance a checking account. That makes a big difference!

Bitcoin Possibilities

That’s why most people take out an unsecured personal loan to buy bitcoin. It’s also possible to get a loan in bitcoin. Just as with a personal loan, you can cover any expense by using a bitcoin loan. This attracts investors to business ventures. There are quite a few online platforms that provide bitcoin loans. Likewise, many people use Bitcoin wallet start-ups to transfer money. It’s kind of like social payments.

Loan providers

NBFCs and banks are very flexible when it comes to the utilization of personal loans. However, they don’t support investing in Bitcoins. That’s because buying cryptocurrencies is treated as a speculative investment where financial risk is high. Furthermore, it can put you at high risk of losing money.

But if you’re repaying your loan on time, they won’t ask you about the funds spend. You can make use of the personal loan proceeds to go on a vacation, pay the University tuition fees, pay off old debts, and the like. In a similar fashion, you can use a small personal loan to buy bitcoins.

Manufactured Spending with Bitcoin

You are probably wondering how money flow looks like. Is there any violation of the terms of service? Let us break it down for you.

• First, you need to choose the right credit card.
• Then make use of your credit card to buy a gift card.
• The next step is to jump into  a bitcoin marketplace (like Paxful) and create a free bitcoin seller account.
• Deposit bitcoin bond into an escrow account to start trading.
• Create a trade offer out there.
• Wait for it to sell – it may take some time to find a buyer.
• Convert your bitcoins to US dollars.
• Once the funds settle in your bank account, you will be able to pay off your credit card; You will earn rewards along the way.

One may say this takes lots of work for a little or no return. The key is to use your bitcoins wisely. For about 26 days per month, bitcoins are not stuck in the processing between credit card company and your bank. That means you have free cash to play with – of course, with some limitations. Once the bitcoins get back in Coinbase, you’ll be able to do a wide variety of things with loan capital.

Be responsible when investing. Before taking out a loan to buy cryptocurrency, make sure you can pay it back. Is it worth the risk? Remember that the biggest risk is not taking any risk.