Leakage
The difference between what a claim should have cost and what was actually paid — money lost to overpayment, errors, or inefficiency.
FAQs
- What is claims leakage?
- The gap between what a claim should have cost and what was actually paid — money lost to overpayment, errors, missed recoveries, or inefficiency.
- How does AI reduce leakage?
- Through consistent automated application of policy terms, fraud detection, payment-accuracy checks, and surfacing recovery opportunities humans miss.
Related Terms
Loss Ratio
The portion of premium paid out in claims: incurred losses divided by earned premium. A core measure of how a book of business is performing.
Fraud Detection
The use of AI and data analytics to identify suspicious or fraudulent insurance claims and applications, flagging anomalies for investigation before payout.
Claims Triage
The automated sorting of incoming claims by complexity, severity, or risk — routing simple claims to fast-track or straight-through processing and complex on.
