How AI is Killing $45B in Insurance Fraud | Q Corp Portal Built on baioniq Hackathon 3.0
The Q Corp Insurance Portal is an AI-powered auto insurance claims platform designed to tackle one of the industry's biggest challenges . In a ~$1 trillion auto insurance market, fraudulent claims drain an estimated $45 billion annually — and over 60% of insurers still lack effective fraud detection . This demo showcases a full-stack solution built on baioniq's App Builder that automates fraud detection across video, images, and documents . Customers submit claims through an intuitive portal, while AI-powered backend tools analyze damage footage, detect structural discrepancies in photos, extract policy documents, and generate a cumulative fraud score across 12 indicators . Claims adjusters then make informed, human-in-the-loop decisions — approve, deny, or escalate — backed by complete AI evidence Hashtags: #baioniq #Quantiphi #InsurTech #FraudDetection #AgenticAI #GenerativeAI #AutoInsurance #AppBuilder #EnterpriseAI