Press release
Insurance Fraud Detection Market to Grow at a CAGR of 25.16% in the Forecast Period 2027
Insurance Fraud Detection Market
Insurance fraud detection refers to systems and services used to analyze and track data to identify irregularities and offer real-time monitoring for preventing fraud related to money or property insurance. This is done through numerous software-based solutions to analyze historical patterns and incidents in order to analyze historic incidents and patterns to predict future happenings. It detects suspicious activities performed by an insurance adjuster, provider, agent, or consumer for unlawful gains during the selling, buying, or underwriting insurance. Insurance fraud detection is also used by organizations for governance, authentication, fraud analytics, risk, and compliance to safeguard databases and identify vulnerabilities and anomalies.
Report Metric
Historical: 2016-2021
Base Year: 2020
Forecast Year: 2022-2027
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Request a Free Sample Report: https://www.imarcgroup.com/insurance-fraud-detection-market/requestsample
Insurance Fraud Detection Market Trends:
One of the primary factors driving the market is the rising number of insurance frauds, including abductions, fake medical records and inaccurate claims. Additionally, the increasing adoption of online applications and mobile banking services is catalyzing market growth. Other than this, the increasing utilization of advanced analytics and technology are propelling the market growth.
Besides this, the extensive application of artificial intelligence (AI) and the Internet of Things (IoT)- enabled fraud detection solutions for running self-learning models, automated business rules, image screening, text mining, network analysis, device identification, and predictive analytics is also escalating the product adoption rate. Other growth-inducing factors include significant advancements in the cyber security infrastructure and the digitalization of the insurance sector.
Ask the Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/request?type=report&id=4466&flag=C
Insurance Fraud Detection Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
ACI Worldwide Inc, BAE Systems plc, Equifax Inc., Experian plc, Fair Isaac Corporation, Fiserv Inc., FRISS, International Business Machines Corporation, Lexisnexis Risk Solutions Inc. (RELX Group plc), SAP SE, SAS Institute Inc. and Software AG.
The report has segmented the market on the basis on type, deployment, application and vertical.
Breakup by Component:
Solution
Services
Breakup by Deployment Model:
Cloud-based
On-premises
Breakup by Organization Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Application:
Claims Fraud
Identity Theft
Payment and Billing Fraud
Money Laundering
Breakup by End User:
Insurance Companies
Agents and Brokers
Insurance Intermediaries
Others
Breakup by Region:
North America: (United States, Canada)
Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
Latin America: (Brazil, Mexico, Others)
Middle East and Africa
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
Related Report by IMARC Group:
Digital Media Adaptor Market: https://www.imarcgroup.com/digital-media-adaptor-market
Conditional Access System Market: https://www.imarcgroup.com/conditional-access-system-market
Containerized Data Center Market: https://www.imarcgroup.com/containerized-data-center-market
Ota Transmission Platform Market: https://www.imarcgroup.com/ota-transmission-platform-market
Clickstream Analytics Market: https://www.imarcgroup.com/clickstream-analytics-market
Contact Us:
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Insurance Fraud Detection Market to Grow at a CAGR of 25.16% in the Forecast Period 2027 here
News-ID: 2837637 • Views: …
More Releases from IMARC Group
South Korea Data Center Market Size, Trends Share & Industry Growth Forecast 203 …
IMARC Group has recently released a new research study titled "South Korea Data Center Market Report by Data Center Size (Large, Massive, Medium, Mega, Small), Tier Type (Tier 1 and 2, Tier 3, Tier 4), Absorption (Non-Utilized, Utilized), and Region 2025-2033", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.
South Korea Data Center Market Overview
South…
Molasses Prices, Latest Trend, Demand, Index & Uses 2025
North America Molasses Prices Movement Q2 2025:
During the second quarter of 2025, Molasses Prices in the USA reached 290 USD/MT in June. Price movements were influenced by fluctuations in sugarcane and sugar beet yields, impacted by variable weather conditions in key producing states. Demand remained firm from the food processing, ethanol, and animal feed sectors. Export activity to Latin America and Asia affected domestic supply, while transportation costs were…
Global Tire Market to Reach USD 270.66 Billion by 2033, Growing at a Steady CAGR …
Overview of the Tire Market:
The Tire Market is a vital segment of the automotive industry, encompassing the production and sale of tires for various vehicles, including passenger cars, commercial vehicles, and two-wheelers. As of 2024, the market is valued at approximately USD 150 billion, with projections indicating steady growth driven by increasing vehicle production and rising demand for replacement tires.
The global tire market size reached USD 172.98 Billion in 2024.…
Europe semiconductor market hits USD 126.3 billion in 2024 and eyes USD 217.1 bi …
Europe Semiconductor Market Forecast by 2033
Market Size in 2024: USD 126.3 Billion
Market Forecast in 2033: USD 217.1 Billion
Market Growth Rate 2025-2033: 5.7%
The Europe semiconductor market reached a value of USD 126.3 Billion in 2024 and is projected to expand to USD 217.1 Billion by 2033, growing at a CAGR of 5.7% during 2025-2033. This growth is fueled by rising demand across automotive, consumer electronics, and industrial applications, alongside advancements in…
More Releases for Insurance
Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
