The sector in AI for insurance fraud detection is well populated, but still attractive to start-ups because it has been shown to work, and is attracting demand from many major providers. The same technology can be extended to wider claims management and also other sectors such as e-commerce where related types of fraud are common. Potential for savings is huge given that in the US alone losses from fraudulent claims amount to about $80 billion a year across all insurance lines, according to the Coalition Against Insurance Fraud. That is why Paris-based Shift Technology decided to target insurance fraud upon starting up in 2014. In fact, its two co-founders spotted the opportunity to apply AI at an earlier stage of…