Tackling the Growing Problem of Insurance Fraud

Trends, technologies, and the truth about what will work.

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Insurance fraud in North America is a US $80-billion a year problem… and it’s getting bigger every year. Fraud accounts for 5% to 10% of claims costs, and one-third of insurers say it is as high as 20%.

Fraud makes insurance companies less profitable. It also makes them less competitive if premiums are raised to account for fraud losses.

Insurance companies need more effective approaches to fraud detection. A key part of battling fraud is embracing new technologies that automate processes and eliminate time-consuming, manual work.

This eBook explains:

 

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New technologies that discover fraud, and streamline and automate claims processing.



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The increase in legislative solutions in North America and court decisions to battle fraud, as well as the plateau in anti-fraud resources, which will fuel the need for innovative technology.

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The growing interest in artificial intelligence and the need to embrace the right approach.