Insurance Fraud Detection Market is Booming Worldwide with IBM, Fair Issac, SAP
Research Reports
Aug 03, 2021
AMA Research recently released research coverage on Global Insurance Fraud Detection Market that evaluates and provides market size, trend, and estimation to 2026. The Insurance Fraud Detection market study provides ready-to-access and self-analyzed study with significant research data proves to be a useful document for managers, industry consultants and key executives to better understand market trends, growth drivers, opportunities and upcoming challenges and competitors development activities.
Key Players in This Report Include:
IBM Corporation (United States), Fair Issac Corporation (United States), SAP SE (Germany), PayPal Holdings, Inc. (United States), BAE Systems PLC (United Kingdom), RELX PLC (United Kingdom), Fiserv, Inc. (United States), Software AG (Germany), ACI Worldwide, Inc. (United States), Experian Information Solutions (United States)
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What is Insurance Fraud Detection Market:
Insurance fraud includes any act aimed for misleading the insurance process. Insurance fraud detection is a system which is used for detecting, preventing and managing both organised and opportunistic claims fraud across numerous industry verticals. For instance, the association of British insurers in the United Kingdom has uncovered more than 130,000 fraudulent claims, which valued at US1.7 billion in 2015. Integration of technologies such as AI, machine learning, mining of text expected to drive the market of insurance fraud detection methods..
Influencing Trends:
- Growing Demand Integration of Technologies Such As AI, Mining Text, Machine Learning
Growth Drivers:
The increasing number of fraudulent auto claims
Growing demand for cybersecurity
Gaps and Opportunities:
Growing Complexity in Individual or Organized Crime Is a Major Concern for Many Insurance Companies
The Global Insurance Fraud Detection Market Scope and Break Down are illuminated below:
by Type (Fraud Analytics, Authentication, Other), By Application (Fraud Claims
Identification of Theft, Billing& Payment Fraud, Money Laundering)
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, United Arab Emirates, Israel, Turkey, Egypt and Rest of MEA.)
- North America (United States, Canada & Mexico)
- Latin America (Brazil, Argentina, Chile, Colombia, Rest of LATAM.)
- Europe (the UK, Germany, France, Spain, Netherlands Nordic nations, Belgium, Switzerland, Russia, Italy, Rest of Europe)
- Asia-Pacific (China, Japan, Singapore, Vietnam, Malaysia, Philippines, South Korea, Thailand, India, Indonesia, Australia and Rest of APAC Countries).
Major highlights from Table of Contents:
Insurance Fraud Detection Market Study Coverage:
- Evaluate Market Competitiveness; Analysing Major manufacturers, emerging player’s growth story, and key business segments analysis of Insurance Fraud Detection market.
- Insurance Fraud Detection Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- Insurance Fraud Detection Market Size by Region Insurance Fraud Detection Market, Profiles of players are studied on the basis of SWOT, their products, value chain, financials, and other development factors.
Important Sections Covered in Insurance Fraud Detection Market Report:
- Insurance Fraud Detection Overview, Definition and Classification Market drivers and barriers
- Insurance Fraud Detection Market Competition by Manufacturers
- Impact Analysis of COVID-19 on Insurance Fraud Detection Market
- Insurance Fraud Detection Capacity and Production*, Revenue (Value) by Region (2021-2026)
- Insurance Fraud Detection Supply (Production), Consumption, Export-Import* by Region (2021-2026)
- Insurance Fraud Detection Manufacturers Profiles/Analysis Insurance Fraud Detection Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry Road map and value chain Market Factors Analysis.
** wherever applicable
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