Debener, Jörn; Heinke, Volker; Kriebel, Johannes - In: Journal of Risk and Insurance 90 (2023) 3, pp. 743-768
supervised learning for insurance fraud detection has long been a research focus, unsupervised learning has rarely been studied … for insurance fraud detection. Accordingly, this study evaluates supervised and unsupervised learning using proprietary … performance of each approach in terms of identifying new fraudulent claims. We derive several important findings. Unsupervised …