MUMBAI, India, Aug. 31 -- Intellectual Property India has published a patent application (202641099399 A) filed by Dr. Sns Rajalakshmi College Of Arts And Science on August 17, 2026, for Ai-Based System And Method For Automated Insurance Claim Processing And Fraud Detection.
Inventors include Jasvanth C; Keerthi Vaasan S; Mitesh K; Karthikeyan S; Shruthi K; and Bhuvaneswari M.
The application for the patent was published on August 28, 2026, under issue no. 35/2026.
Abstract: AI-BASED SYSTEM AND METHOD FOR AUTOMATED INSURANCE CLAIM PROCESSING AND FRAUD DETECTION The present invention relates to an automated system for sanction screening and AML analysis using artificial intelligence. The system allows users to input customer details through a web-based platform. The system compares customer data with global sanction lists and analyzes risk factors using artificial intelligence models. It performs similarity matching, geographic risk analysis, and network-based detection to identify potential risks. The system generates a risk score along with explainable outputs and stores the results in a secure database. The invention improves accuracy, reduces manual effort, and enables faster and more reliable compliance decision-making.
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