Press release
Insurance Fraud Detection Market Size | Industry Report 2022-2027
Insurance Fraud Detection Market
Insurance fraud detection is the process of identifying fraudulent activities to minimize financial losses for insurance companies and safeguard policyholders. It includes various techniques, such as data analysis, pattern recognition, and machine learning (ML) algorithms, to detect anomalies in insurance claims and prevent false and misleading information to obtain financial benefits. It also helps companies save on payouts, improve data analysis, increase trust and reputation, and prioritize their resource allocation. At present, it is widely employed in banking, financial services and insurance (BFSI), automotive, healthcare, and retail sectors across the globe.
Insurance Fraud Detection Market Trends:
The rising fraud activities, such as fake medical records, inaccurate claims, staged accidents, and identity thefts, currently represent one of the key factors positively influencing the market. In line with this, the growing need for improving operational efficiency and reducing costs is creating a positive market outlook. Moreover, key market players are introducing advanced technologies, such as artificial intelligence (AI), predictive modeling, and data analytics, for recognizing and halting fraudulent practices, which is strengthening the market growth worldwide. Apart from this, governments of various countries are introducing stringent laws and regulations, including criminal penalties, fines, and imprisonment. This, in confluence with rapid digitization and the development of cybersecurity infrastructure, is stimulating the growth of the market worldwide.
Request a Free Sample Report: https://www.imarcgroup.com/insurance-fraud-detection-market/requestsample
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.
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
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/insurance-fraud-detection-market
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
Related Reports By IMARC Group:
Fitness App Market: https://www.openpr.com/news/2915633/fitness-app-market-size-share-growth-analysis-report-2027
Wearable Medical Devices Market: https://www.openpr.com/news/2915648/wearable-medical-devices-market-share-report-2022-2027
Ferroelectric Ram Market: https://www.openpr.com/news/2923107/ferroelectric-ram-market-report-global-forecast-2022-2027
In-App Advertising Market: https://www.openpr.com/news/2929373/in-app-advertising-market-size-share-trends-growth
Central Asia E-Commerce Market: https://www.openpr.com/news/2887788/central-asia-e-commerce-market-2023-industry-size-trends
Contact Us:
IMARC Group
Email: sales@imarcgroup.com
USA: +1-631-791-1145 | Asia: +91-120-433-0800
Address: 134 N 4th St. Brooklyn, NY 11249, USA
Website: https://www.imarcgroup.com
Follow us on Twitter: @imarcglobal
Linkedin: https://www.linkedin.com/company/imarc-group
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 Size | Industry Report 2022-2027 here
News-ID: 2931116 • Views: …
More Releases from IMARC Group
Geo-Textile Manufacturing Plant Setup Cost 2025: CapEx/OpEx Analysis with Profit …
Setting up a geo-textile manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Geo-Textile Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a geo-textile manufacturing plant, covering…
Cashew Butter Manufacturing Plant Report 2025: Raw Materials, Investment Opportu …
Cashew butter is a creamy spread made by grinding roasted cashew nuts into a smooth paste, often enhanced with a pinch of salt or sweeteners. It is rich in healthy fats, protein, vitamins, and minerals, making it a nutritious alternative to traditional spreads like peanut butter. Cashew butter is widely used as a spread, in smoothies, baked goods, and health-focused recipes, gaining popularity among health-conscious consumers, vegans, and those seeking…
Calcium Chloride Anhydrous Production Cost Report 2025: Plant Setup Economics an …
Setting up a calcium chloride anhydrous production facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Calcium Chloride Anhydrous Production Cost Analysis Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a…
Paper Bag Manufacturing Plant Cost Report 2025: Layout, Machinery, Raw Materials …
Setting up a paper bag manufacturing facility necessitates a detailed market analysis alongside granular insights into various operational aspects, including unit processes, raw material procurement, utility provisions, infrastructure setup, machinery and technology specifications, workforce planning, logistics, and financial considerations.
IMARC Group's report titled "Paper Bag Manufacturing Plant Project Report 2025: Industry Trends, Plant Setup, Machinery, Raw Materials, Investment Opportunities, Cost and Revenue" offers a comprehensive guide for establishing a paper bag…
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…
