Press release
Insurance Fraud Detection Market 2027: Future Product Development by SAS Institute, Fair Isaac Corporation, FRISS, BAE Systems, Kount, Smility, Software AG, Megaputer Intelligence, SAP SE, CaseWare International, IBM
In addition, it includes inaccurate claims, fake medical records, postdated laws, disproved death or abduction, assassination and other customer frauds. These frauds can either be on the part of an insurance policy buyer or provider. Recently, machine learning has been widely used for fraud detection with predictive analytical features that allow fraud inspection and identification in several areas such as underwriting, policy renewals, and periodic reviews.
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Growth in demand for security concerns against fraudulent claims by insurance agents and auditors is the key drive that boosts the insurance fraud detection market growth. However, lack of integration capabilities is expected to hinder the market growth. Furthermore, growth in cyber security spending in developing economies and emergence of artificial intelligence in insurance fraud detection are expected to provide lucrative opportunities for the market growth during the forecast period.
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Key benefits of the report:
-This study presents analytical depiction of the global insurance fraud detection market along with the current trends and future estimations to determine the imminent investment pockets.
-The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global insurance fraud detection market share.
-The current market is quantitatively analyzed from 2020 to 2027 to highlight the insurance fraud detection market growth scenario.
-Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
-The report provides a detailed insurance fraud detection market analysis based on the present and future competitive intensity of the market.
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Industry Runners:
Major players analyzed include SAS Institute Inc., Fair Isaac Corporation, FRISS, BAE Systems, Kount, Inc., Smility, Software AG, Megaputer Intelligence Inc., SAP SE, CaseWare International Inc, IBM,
Related Articles:
Cyber Insurance Market: https://www.technoinnovationz.com/2020/09/16/cyber-insurance/
Crop Insurance Market: https://www.technoinnovationz.com/2020/09/15/what-policies-can-makes-crop-insurance-more-profitable/
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