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市场调查报告书
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保险诈骗检测市场报告:2030 年趋势、预测与竞争分析

Insurance Fraud Detection Market Report: Trends, Forecast and Competitive Analysis to 2030

出版日期: | 出版商: Lucintel | 英文 150 Pages | 商品交期: 3个工作天内

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简介目录

保险诈骗检测趋势和预测

预计到 2030 年,全球保险诈骗侦测市场将达到 357 亿美元,2024 年至 2030 年复合年增长率为 25.7%。该市场的主要驱动力是组织面临有效处理大量身分的压力,越来越多地采用复杂的分析技术,以及改善客户体验和业务效率。全球保险诈骗检测市场的未来前景广阔,中小企业和企业市场存在机会。

Lucintel 预测,由于扩充性和灵活性的提高,在预测期内,本地部署仍将占据较大的市场份额。

在这个市场中,由于针对小型企业的保险诈骗和网路攻击的增加,预计小型企业将经历高速成长。

由于内部和外部威胁的增加,北美在预测期内可能仍然是最大的地区。

常问问题

Q1.市场规模为:

A1. 到 2030 年,全球保险诈骗侦测市场预计将达到 357 亿美元。

Q2.市场成长预测是多少:

A2. 2024年至2030年,全球保险诈骗侦测市场预计将以25.7%的复合年增长率成长。

Q3.影响市场成长的主要驱动因素是:

A3. 该市场的主要驱动力是组织面临高效处理大量身分的压力、越来越多地采用复杂的分析技术以及改善客户体验和业务效率。

Q4.市场的主要细分市场是:

A4. 保险诈骗侦测市场的未来充满希望,小型企业和大型企业市场都有机会。

Q5.市场的主要企业是:

A5.主要企业的保险诈骗侦测公司是:

  • FICO
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • LexisNexis
  • IOvation
  • FRISS
  • SAP
  • Fiserv

Q6.未来最大的细分市场是什么?

A6.A6.Lucintel 预计,由于扩充性和灵活性的提高,在预测期内,本地部署仍将占据更大的市场份额。

Q7. 未来五年预计哪些地区的市场成长最大?

A7. 由于内部和外部威胁不断增加,北美在预测期内仍将是最大的地区。

Q8. 可以客製化报告吗?

A8. 是的,Lucintel 提供 10% 的客製化服务,无需额外付费。

目录

第一章执行摘要

第二章全球保险诈骗侦测市场:市场动态

  • 简介、背景、分类
  • 供应链
  • 产业驱动因素与挑战

第三章 2018-2030年市场趋势及预测分析

  • 宏观经济趋势(2018-2023)与预测(2024-2030)
  • 全球保险诈骗检测市场趋势(2018-2023)与预测(2024-2030)
  • 按部署类型分類的全球保险诈骗侦测市场
    • 本地
  • 按组成部分分類的全球保险诈骗侦测市场
    • 解决方案
    • 服务
  • 按组织规模分類的全球保险诈骗侦测市场
    • 小型企业
    • 大公司

第四章 2018-2030年区域市场趋势及预测分析

  • 全球保险诈骗侦测市场(按地区)
  • 北美保险诈骗侦测市场
  • 欧洲保险诈骗侦测市场
  • 亚太地区保险诈骗侦测市场
  • 其他区域保险诈骗侦测市场

第五章 竞争分析

  • 产品系列分析
  • 营运整合
  • 波特五力分析

第六章 成长机会与策略分析

  • 成长机会分析
    • 按部署类型分類的全球保险诈骗侦测市场成长机会
    • 全球保险诈骗侦测市场各组成部分的成长机会
    • 按组织规模分類的全球保险诈骗侦测市场成长机会
    • 全球保险诈骗侦测市场成长机会(按地区)
  • 全球保险诈骗检测市场的新兴趋势
  • 战略分析
    • 新产品开发
    • 扩大全球保险诈骗侦测市场的能力
    • 全球保险诈骗侦测市场的合併、收购与合资
    • 认证和许可

第七章主要企业概况

  • FICO
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • LexisNexis
  • IOvation
  • FRISS
  • SAP
  • Fiserv
简介目录

Insurance Fraud Detection Trends and Forecast

The future of the global insurance fraud detection market looks promising with opportunities in the SMEs and large enterprises markets. The global insurance fraud detection market is expected to reach an estimated $35.7 billion by 2030 with a CAGR of 25.7% from 2024 to 2030. The major drivers for this market are organizations facing the imperative to efficiently handle extensive volumes of identities, the growing embrace of sophisticated analytics methodologies, and enhanced customer experience and improved operational efficiency.

Lucintel forecasts that on-premises will remain the larger segment over the forecast period due to increased scalability and flexibility.

Within this market, SMEs are expected to witness higher growth due to rising occurrences of insurance fraud and cyber attacks targeting small and medium-sized enterprises.

North America will remain the largest region over the forecast period due to increasing internal & external threats.

Emerging Trends in the Insurance Fraud Detection Market

The insurance fraud detection market is being transformed by new trends that are fundamentally changing how insurers detect and prevent fraud. These trends revolve around technological advancements, regulatory changes, and increased complexity of fraudulent schemes. The main trends include AI and ML integration, blockchain rise, real-time data analytics adoption, predictive analytics focusing and transition to automated claim processing.

  • AI and ML Integration: Integration of AI and ML technologies is one of the most significant developments in the Insurance Fraud Detection market. They allow insurers to interpret large amounts of data for patterns indicative of frauds or abnormalities. In addition to reducing dependency on manual analysis through automation, AI and ML speed up the identification process for fraudulent activities with greater accuracy. This trend enables insurers to maintain an edge against increasingly complex fraud schemes since these systems can continue learning from each iteration thereby adapting to new patterns as they emerge. Adoption rates will be a major driver of growth in this category going forward.
  • Rise of Blockchain Technology: Powerful tool in the fight against insurance fraud is what blockchain technology has become. This makes difficult for criminals to manipulate information due to its decentralized and immutable nature that guarantees data integrity. The block chain helps insurers detect and prevent fraud because it provides a transparent and secure record of transactions. In reducing the risk of double-dipping where multiple claims are made for the same incident, this technology is especially valuable in validating claim authenticity. Consequently, as more firms begin to adopt blockchain, it is expected that this technology will significantly enhance security and efficiency of fraud detection processes within the insurance sector.
  • Adoption of Real-Time Data Analytics: Real-time data analytics are rapidly gaining significance in insurance fraud detection market. Nowadays, insurers use real-time analytics to see how a transaction is going on thereby enabling them identify any form of fraudulent actions. The need to respond quickly to emerging threats while reducing identification and prevention times call for such an alteration in practices like this one right here. With real-time analysis of data, insurers can spot suspicious patterns or behaviors that could indicate attempts at fraud thereby allowing them time to take necessary steps before actual losses occur if they are smart enough about it. This has seen adoption rates continue to rise since companies want better means and channels with which they can detect cases like these.
  • Focus on Predictive Analytics: Predictive analytics have gained traction as insurance companies attempt prevent rather than react after fraud occurs; by assessing historical data for patterns indicative of potential fraud predictive analytics empowers insurers to preemptively mitigate fraudulent claims risks through appropriate measures. It saves time by concentrating resources on high-risk areas thus hastening inquiry on doubtful requests hence increasing overall detection efficiency among insurance providers when dealing with thefts. As major players up their game in terms of turning into advanced integrated systems aimed at fighting back some new fraudulent acts internally, there is expectation that much development will take place in this sector.

The trend toward these changes in insurance companies' approach to detecting and preventing fraud is evident from these five major trends; integration of AI and ML, adoption of blockchain technology, real-time data analytics adoption, predictive analytics focus, and automated claim processing shift have helped insurers enhance their capabilities in terms detection rates as well as overall efficiency gains. If they keep evolving like this then it means a lot more than reshaping an old style company structure into something new altogether because now there are many types available where technology could make them more complex with every other step you take against some form sophisticated swindles which are becoming prevalent all over again in today's business world.

Recent Developments in the Insurance Fraud Detection Market

The market for detecting insurance fraud has seen significant changes recently because of technological advances, heightened regulatory scrutiny and sophistication in fraud schemes. Meanwhile, the leading trends within this market include adoption of artificial intelligence (AI) and machine learning (ML) techniques to improve fraud detection capabilities, incorporation of big data analytics and the increased use of blockchain technology. Insurers are able to detect and prevent fraudulent activities more efficiently as a result of these advancements which have promoted faster detection rates with high accuracy.

  • AI and ML Adoption for Enhanced Fraud Detection: The introduction of AI and ML tools into insurance fraud detection market has transformed insurers' approach towards identification and prevention from fraudulent activities. The ability to analyze large amounts of data by AI and ML algorithms helps identify patterns or anomalies which might indicate possible fraudulent transactions thus reducing human intervention. As opposed to batch processing systems, these technologies facilitate real-time identification of potential risk areas for immediate action. Additionally, application such as AI-driven algorithms have gone a long way boosting reliability on authenticating genuine claims while sidestepping false positives often associated with manual checking methods. This is contributing significantly towards better anti-fraud initiatives in the insurance field.
  • Integration of Big Data Analytics: Another major development is integration big data analytics into anti-fraud detection systems deployed in insurance fraud detections marketplace. Large volumes of structured and unstructured data from multiple sources such as social media platforms, transactional records or claim histories can be analyzed using big data analysis tools by insurers. Comprehensive analyses reveal patterns that indicate possible occurrence of illegal activities. With greater insights into fraud schemes through big data analytics applications insurers can develop more precise prevention measures against risks posed by potential perpetrators before they act hence proactive checks on any impending risks mitigating financial loss.
  • Blockchain Technology for Data Integrity: The insurance fraud detection market has witnessed an imposition of blockchain technology that gives data management a new dimension of transparency and security. By virtue of its decentralized nature, blockchain is immutable which makes it difficult for fraudsters to manipulate records related to insurance claims. In regard to double-dipping fraud which involves submitting the same claim multiple times to different insurers, this technology is highly effective. The use of such technology helps in maintaining trust between policy holders and insurance companies since it removes risks associated with fraudulent claims during transactions thereby improving overall efficiency in detecting fraud.
  • Collaborative Efforts and Data Sharing: Collaboration among insurance companies as well as other stakeholders and data sharing are becoming increasingly important in fighting against insurance fraud. Insurers can improve their ability to detect fraud by sharing information about identified fraudulent activities or known fraudsters. This kind of collaboration is frequently facilitated by industry-wide platforms that provide secure channels for data exchange. Such collaborations help insurers identify cross-industry fraud schemes that take advantage of disparities between separate firms. That heightened level of collaboration not only boosts the effectiveness of identification but also creates a globally unified front against acts of insurance fraud perpetrated by individuals or groups operating over wide geographical areas.

Recently, the Insurance Fraud Detection market has witnessed several developments such as the adoption of AI and ML, integration of big data analytics, implementation of blockchain technology, increased collaboration, and regulatory advancements culminating from various stakeholders. These advancements have enabled insurers to identify fraudulent activities better hence reducing financial losses arising from them and enhancing customer trust.

Strategic Growth Opportunities for Insurance Fraud Detection Market

The present dynamics within the insurance sector indicates that there will be a lot of expansion in insurance fraud protection systems given that most corporations now employ more sophisticated criminals making it difficult for them to monitor all cases individually. As a matter of fact, strategic growth opportunities can be observed across different applications like real-time fraud detection; automated claims processing; predictive analytics; blockchain integration; collaboration platforms among others.

  • Real-Time Fraud Detection Solutions: Insurance companies are increasingly relying on real-time fraud detection solutions as part of their strategies to respond quickly to emerging threats. These solutions use AI and ML technologies to examine transactions and claims data as it occurs, thereby ensuring that any fraudulent activities are detected before causing substantial financial harm. The ability to recognize fraud as it takes place is vital because it allows insurers the chance to take immediate action thus reducing the impact of fraud upon their operations. This growth opportunity necessitates adoption of advanced technology which in turn leads to development of more complex systems for detecting fraud in insurance sector.
  • Automated Claims Processing: The automation of claims processing is another strategic growth area for insurers in the field of insurance fraud detection. Insurers can make claim appraisal and endorsement easier by automating the processes hence cutting down on time and resources that would be required for this purpose at the same time enhancing fraud checks accuracy. Insurance carriers' claim management programs can be used through artificial intelligence (AI) tools that analyze claims information, identify patterns indicative of a possible fraud situation, and refer such matters for investigation. In addition to speeding up claims settlement procedures, this automation reduces human error resulting in faster and more reliable identification of fraudulent activities. With a view towards increased efficiency gains, more cost controls will likely include automated claim handling capacity into their operational set-ups in the future.
  • Predictive Analytics for Fraud Prevention: Insurers are increasingly finding predictive analytics useful as they try to prevent fraud before it happens. Predictive analytics helps insurers identify patterns in past data that point to potential fraud and take precautionary steps accordingly. Thus, this growth opportunity has made way for a strategic shift from a reactive approach to a preventive one. Also, it assists insurance companies by directing resources into high-risk areas more efficiently. The use of predictive analytics is expected to expand and be essential in strengthening the fight against insurance fraud through prediction.
  • Blockchain Integration for Enhanced Security: Blockchain technology integration represents a significant growth opportunity for higher security and transparency in the realm of fraud detection. In other words, blockchain's decentralized and immutable nature makes it suitable for ensuring the integrity of claims' data. Insurers implementing blockchain can minimize data manipulation risks which can enhance trust across stakeholders. Double-dipping frauds can be well prevented by this technology while making sure that claims are accurately addressed. Moreover, when blockchain adoption increases, there will be substantial improvements in the security and efficiency of the process of detecting fraud which will ultimately lead to a more robust insurance market regarding recognition of fraudulent activities.

Such areas as real-time fraud detection solutions, automated claims processing, predictive analytics, blockchain integration, and collaboration platforms represent strategic growth opportunities for the company. These openings are enabling insurers to improve their ability to detect fraudulent activities and control overall costs and expenses. With the growing acceptance and usage of these applications, they are expected to have a significant impact on how Insurance Fraud Detection will look going forward and provide a more solid ground against sophisticated fraud patterns' threats.

Insurance Fraud Detection Market Driver and Challenges

Various drivers as well as challenges shape growth prospects of insurance fraud detection market. Factors such as technology development, legislation amendments or economic indicators serve as key drivers of industry evolution while increasing intricacy of fraud schemes along with necessity for data management at large scale constitute substantial impediments in this regard. Insurers must understand these factors so that they may adjust their operations accordingly by developing new capabilities for fighting against fraudulent actions

The factors responsible for driving the insurance fraud detection market include:

1. Technological Advancements: Insurance fraud detection market is being driven by advanced technologies mainly in AI, ML, and big data analytics. These technologies help insurers to assimilate a large amount of data which they can then use to detect fraudulent activities with a high level of accuracy and speed. The usage of these technologies has also led to the creation of more sophisticated tools for fraud identification as opposed to earlier ones; hence, this is expected to have an impact on future inventories in the insurance industry. The advent of technology is also expected to contribute significantly to determining what insurance fraud detection will be like going forward; this will drive innovation and improve general effectiveness against fraud.

2. Regulatory Changes: The regulatory changes are yet another major driver for the Insurance Fraud Detection market. Governments and regulatory bodies have established stringent rules governing the insurance sector that require companies within it should adopt strong measures concerning detecting fraud. This is usually embedded in laws that require technological advancements as well as reporting any suspicious transaction by an insurer thereby improving their ability to identify fraud or prevent such vices from occurring into their systems. Insurers must therefore embrace these regulations because noncompliance may lead them to bad records with fines imposed on them and loss regarding reputations due to customers' mistrust. The primary motivation for this movement appears to be law transformations, which has necessitated sophisticated counter-fraud systems being adopted by insurers.

3. Economic Factors : On the other hand, economic factors like increasing cost of fraudulent activities and need for cheaper solutions are necessitating demand for advanced fraud detection systems. As insurance scams continue getting more intricate, insurance firms across the globe are making huge investments towards finding out how they can reduce their financial losses while at the same time enhancing their operational efficiency through adoption of technology-based solutions such as advanced analytics software (AAS). For instance, economic pressure continuing to reduce costs associated with fraud is driving the adoption of solutions which guarantee a quick return on investment such as efficient fraud detection systems. The driver is expected to continue influencing the market, as insurers seek to balance the cost of fraud prevention with the need for effective fraud detection.

Challenges in the insurance fraud detection market are:

1. Complexity of Fraud Schemes: One of the major challenges for the insurance fraud detection market is the growing complexity of fraud schemes. The insurers are constantly confronted with new strategies as fraudsters devise better ways to avoid detection. The use of sophisticated technologies like deepfake videos and synthetic identities only sets a new level of intricacy in detecting them. Consequently, this challenge requires insurers to incorporate more sophisticated and flexible systems that will cope with new fraudulent threats in good time. If addressed, this challenge would go along way in ensuring effective prevention of fraud.

2. Large-Scale Data Management: Another challenge that has been observed in the insurance fraud detection market is large-scale data management. Such large amount of information generated by insurers such as claim records, transactional data and customer information needs efficient and secure management to achieve accurate fraud detection. In addition, processing and analyzing this data on a real-time basis could be resource-intensive while relying on advanced technologies that can handle huge datasets quickly and accurately. Furthermore, managing big data comes with challenges related to cyber security which demands for serious concerns from insurers.

3. Integration of Legacy Systems: The merging old-fashioned systems with new technology that detects fraud is one issue many insurance businesses are grappling with today. Many insurance firms still depend on outdated systems that cannot work properly with modern antifraud solutions making it hard to effectively adopt modern techniques (Bruce et al., 2018). These upgrades may be complex and expensive hence making it difficult for companies to introduce sophisticated antifraud tools (Galindro et al., 2020). This problem means that they have got to make sure that any new technology is integrated into their existing infrastructure without hurting their cash flows used for daily operations; thus mitigating disruptions caused thereby. Therefore, there should be strategies put in place through which these companies can come up with methods through which they can integrate these technologies with their old systems while minimizing any form of disruption to the normal operations of the business. Addressing this challenge is essential for insurers to fully realize the benefits of new fraud detection systems.

The development of the insurance fraud detection market is a result of factors that shape it in one way or another either in its growth or maturity. There are drivers such as technological innovation, changes in regulations, economic conditions and trends, and growing awareness among others that lead to the adoption of more sophisticated and effective strategies for curbing this problem. Nonetheless, complexities behind fraud schemes, management of large-scale data sets, and integrating of legacy systems entail significant problems that necessitate quick responses from insurance companies in order to cope with emerging threats.

List of Insurance Fraud Detection Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies insurance fraud detection companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the insurance fraud detection companies profiled in this report include-

  • FICO
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • LexisNexis
  • IOvation
  • FRISS
  • SAP
  • Fiserv

Insurance Fraud Detection by Segment

The study includes a forecast for the global insurance fraud detection by deployment type, component, organization size, and region.

Insurance Fraud Detection Market by Deployment Type [Analysis by Value from 2018 to 2030]:

  • On-Premises
  • Cloud

Insurance Fraud Detection Market by Component [Analysis by Value from 2018 to 2030]:

  • Solution
  • Services

Insurance Fraud Detection Market by Organization Size [Analysis by Value from 2018 to 2030]:

  • SMEs
  • Large Enterprises

Insurance Fraud Detection Market by Region [Analysis by Value from 2018 to 2030]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

Country Wise Outlook for the Insurance Fraud Detection Market

The insurance fraud detection market has witnessed significant advancements globally due to the increase in the adoption of artificial intelligence (AI), machine learning (ML), and data analytics to fight sophisticated fraud schemes. These developments have been spearheaded by countries such as China, Japan, Germany, the United States, and India which have each made unique contributions towards the transformation of these markets. In the US for example, regulatory amendments and technological breakthroughs have beefed up detection abilities. China on its part has prioritized AI integration with big data hence enhancing accuracy in detecting fraud.

  • United States: Efforts by the United States are geared towards improving insurance fraud detection through regulatory changes coupled with technological advancements. Advanced algorithms that incorporate elements of ML and AI facilitate more accurate identification of fraudulent activities by insurers. The use of these technologies alongside current ones has given rise to real-time solutions pertinent to addressing fraudulent acts at different times as they occur thereby reducing response time taken prior to various operations taking place. Moreover, cooperation between insurers and technology firms has resulted in complex software tools that can analyze a huge amount of information seeking any hints pointing out these types of cases. Henceforward, these innovations help insurers cut down losses during the process while also increasing overall effectiveness as far as fighting against insidiousness becomes concerned.
  • China: China focuses on integrating artificial intelligence with big data analytics to enhance precision in identifying insurance fraud. This means that there are many AI-based tools in use in this country today designed to handle large amounts of information when it comes to detecting fraudulent patterns or behaviors. Consequently, improved claims exception handling which reduces false positives when detected anomalies are uncommon also enhances general efficiency within their operations as a whole. Furthermore, Chinese insurers now use blockchain to ensure data integrity, thereby making it harder for fraudsters to manipulate information. This has led to the country becoming a leader in the insurance fraud detection market globally with an emphasis on technology as its weapon of fighting against this vice.
  • Germany: Insurance fraud detection is critically hinged on automated claim processing systems whose growth has been tremendous in Germany. By incorporating AI and ML technologies among others, has enabled insurers to better detect fraud by looking at patterns and peculiarities in claims information. Large numbers of claims can be processed by these auto systems within limited periods saving time for human operators that would otherwise take to reveal any illegal activity. Furthermore, predictive analytics are helping German companies ensure that they identify potential cases of fraudulent acts before they happen thus bolstering their efforts towards combating insidiousness. Thus, all these advances assist in building up Germany's market for insurance fraud detection.
  • India: With regards to fraud detection in the insurance business, India has seen an increase in the adoption of AI and ML technologies. The application of these technologies enables insurers to interrogate large datasets so as to establish patterns that indicate fraudulent activities or abnormalities. Indian insurers are also using predictive analytics to prevent potential fraud cases from happening. Moreover, integrating AI-driven tools with the existing systems has enhanced the efficiency of the fraud detection process which leads to less time taken in identifying and responding to fraudulent claims. These developments underpinning the growth of the insurance fraud detection market in India are focused on technology-based approaches for fighting fraud.
  • Japan: Japan's focus is on employing AI-driven tools for streamlining insurance fraud investigations. This trend indicates an increase in Japan's use of AI and ML techniques capable of analyzing massive data sets for detecting signs of typical swindles or abnormalities involving huge sums. These tools have helped Japanese insurers make their systems more accurate and efficient at spotting out when a fraudulent claim is being made hence reducing both the amount of time spent on this process and the breach investigation period before response can be given. Furthermore, Japan is investing in blockchain technology to protect data integrity making it harder for criminals who forge information. In this manner, Japan is becoming one of the leading players in the global insurance fraud detection market by employing technology against dishonesty.

Features of the Global Insurance Fraud Detection Market

Market Size Estimates: Insurance fraud detection market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Insurance fraud detection market size by deployment type, component, organization size, and region in terms of value ($B).

Regional Analysis: Insurance fraud detection market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different deployment types, components, organization sizes, and regions for the insurance fraud detection market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the insurance fraud detection market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

If you are looking to expand your business in this or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.

FAQ

Q1. What is the insurance fraud detection market size?

Answer: The global insurance fraud detection market is expected to reach an estimated $35.7 billion by 2030.

Q2. What is the growth forecast for insurance fraud detection market?

Answer: The global insurance fraud detection market is expected to grow with a CAGR of 25.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the insurance fraud detection market?

Answer: The major drivers for this market are organizations facing the imperative to efficiently handle extensive volumes of identities, the growing embrace of sophisticated analytics methodologies, and enhanced customer experience and improved operational efficiency.

Q4. What are the major segments for insurance fraud detection market?

Answer: The future of the insurance fraud detection market looks promising with opportunities in the SMEs and large enterprises markets.

Q5. Who are the key insurance fraud detection market companies?

Answer: Some of the key insurance fraud detection companies are as follows:

  • FICO
  • IBM
  • BAE Systems
  • SAS Institute
  • Experian
  • LexisNexis
  • IOvation
  • FRISS
  • SAP
  • Fiserv

Q6. Which insurance fraud detection market segment will be the largest in future?

Answer: Lucintel forecasts that on-premises will remain the larger segment over the forecast period due to increased scalability and flexibility.

Q7. In insurance fraud detection market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing internal & external threats.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

  • Q.1. What are some of the most promising, high-growth opportunities for the insurance fraud detection market by deployment type (on-premises and cloud), component (solution and services), organization size (SMEs and large enterprises), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
  • Q.2. Which segments will grow at a faster pace and why?
  • Q.3. Which region will grow at a faster pace and why?
  • Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
  • Q.5. What are the business risks and competitive threats in this market?
  • Q.6. What are the emerging trends in this market and the reasons behind them?
  • Q.7. What are some of the changing demands of customers in the market?
  • Q.8. What are the new developments in the market? Which companies are leading these developments?
  • Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
  • Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
  • Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
  • Market Report

Table of Contents

1. Executive Summary

2. Global Insurance Fraud Detection Market : Market Dynamics

  • 2.1: Introduction, Background, and Classifications
  • 2.2: Supply Chain
  • 2.3: Industry Drivers and Challenges

3. Market Trends and Forecast Analysis from 2018 to 2030

  • 3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
  • 3.2. Global Insurance Fraud Detection Market Trends (2018-2023) and Forecast (2024-2030)
  • 3.3: Global Insurance Fraud Detection Market by Deployment Type
    • 3.3.1: On-premises
    • 3.3.2: Cloud
  • 3.4: Global Insurance Fraud Detection Market by Component
    • 3.4.1: Solution
    • 3.4.2: Services
  • 3.5: Global Insurance Fraud Detection Market by Organization Size
    • 3.5.1: SMEs
    • 3.5.2: Large Enterprises

4. Market Trends and Forecast Analysis by Region from 2018 to 2030

  • 4.1: Global Insurance Fraud Detection Market by Region
  • 4.2: North American Insurance Fraud Detection Market
    • 4.2.1: North American Insurance Fraud Detection Market by Deployment Type: On-premises and Cloud
    • 4.2.2: North American Insurance Fraud Detection Market by Organization Size: SMEs and Large Enterprises
  • 4.3: European Insurance Fraud Detection Market
    • 4.3.1: European Insurance Fraud Detection Market by Deployment Type: On-premises and Cloud
    • 4.3.2: European Insurance Fraud Detection Market by Organization Size: SMEs and Large Enterprises
  • 4.4: APAC Insurance Fraud Detection Market
    • 4.4.1: APAC Insurance Fraud Detection Market by Deployment Type: On-premises and Cloud
    • 4.4.2: APAC Insurance Fraud Detection Market by Organization Size: SMEs and Large Enterprises
  • 4.5: ROW Insurance Fraud Detection Market
    • 4.5.1: ROW Insurance Fraud Detection Market by Deployment Type: On-premises and Cloud
    • 4.5.2: ROW Insurance Fraud Detection Market by Organization Size: SMEs and Large Enterprises

5. Competitor Analysis

  • 5.1: Product Portfolio Analysis
  • 5.2: Operational Integration
  • 5.3: Porter's Five Forces Analysis

6. Growth Opportunities and Strategic Analysis

  • 6.1: Growth Opportunity Analysis
    • 6.1.1: Growth Opportunities for the Global Insurance Fraud Detection Market by Deployment Type
    • 6.1.2: Growth Opportunities for the Global Insurance Fraud Detection Market by Component
    • 6.1.3: Growth Opportunities for the Global Insurance Fraud Detection Market by Organization Size
    • 6.1.4: Growth Opportunities for the Global Insurance Fraud Detection Market by Region
  • 6.2: Emerging Trends in the Global Insurance Fraud Detection Market
  • 6.3: Strategic Analysis
    • 6.3.1: New Product Development
    • 6.3.2: Capacity Expansion of the Global Insurance Fraud Detection Market
    • 6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Insurance Fraud Detection Market
    • 6.3.4: Certification and Licensing

7. Company Profiles of Leading Players

  • 7.1: FICO
  • 7.2: IBM
  • 7.3: BAE Systems
  • 7.4: SAS Institute
  • 7.5: Experian
  • 7.6: LexisNexis
  • 7.7: IOvation
  • 7.8: FRISS
  • 7.9: SAP
  • 7.10: Fiserv