Reports
As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Global Insurance Fraud Detection Market: By Technology; By Organization: Small and Medium-Sized Enterprises, Large Enterprises; By Deployment: Cloud, On-Premises; By Service; By Solution; By Application; Regional Analysis; Historical Market and Forecast (2017-2027); Competitive Landscape; Industry Events and Developments
Global Insurance Fraud Detection Market Outlook
The global insurance fraud detection industry attained a value of almost USD 2.7 billion in 2020. The market is further expected to grow in the forecast period of 2022-2027 at a CAGR of about 25.6% to reach USD 10.8 billion by 2026. The market is primarily being driven by stringent regulations. North America is the largest region for the market.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Properties and Applications
Fraud analytics require a range of computational technologies to analyse the processes and infrastructure of organisations to identify vulnerabilities in which fraud can occur. Such systems track and analyse data from various data sources; identify irregularities and alleged and suspicious conduct on all channels and provide monitoring in real-time for fraud prevention. Fraud analytics refers to the foundation of all fraud detection tools for insurance companies. Most suppliers offer conventional rules-based computational fraud models, while some prefer strategies for artificial intelligence and machine learning. Fraud detection tools detect fraud proactively and help fulfil compliance requirements.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The industry can be divided based on technology, organisation, deployment, service, solution, application, and region.
On the basis of technology, the industry can be divided into:
- Solutions
- Services
Solutions can be divided into:
- Fraud Analytics
- Authentication
- Governance, Risk, and Compliance
- Others
Services can be divided into professional and managed services.
Professional services are further segmented into the following:
- Consulting Services
- Training and Education
- Support and Maintenance
Based on organisation, the industry can be divided into small and medium-sized enterprises and large enterprises.
Deployment is further classified into cloud and on-premises.
The industry can be broadly categorised based on its applications into:
- Claims Fraud
- Identity Theft
- Payment Fraud and Billing Fraud
- Money Laundering
The EMR report looks into the regional markets of insurance fraud detection like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
The main driving factors behind the market growth are the need for companies to efficiently handle enormous numbers of identities, boost operational efficiency, increase customer experience, maximize the use of advanced analysis techniques, and strict regulatory compliance.
The lack of awareness among organisations, combined with a lack of integration of fraud detection options through organisational networks, of the value of fraud detection solutions and inappropriate implementation may restrict the industry growth.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global insurance fraud detection industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- FICO (NYSE: FICO)
- IBM
- BAE Systems
- SAS Institute
- Experian
- Lexisnexis
- Iovation
- Friss
- SAP
- Fiserv
- ACI Worldwide
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2020 |
| Historical Period | 2017-2021 |
| Forecast Period | 2022-2027 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Technology, Organization, Deployment, Service, Solution, Application, Region |
| Breakup by Technology | Solutions, Services |
| Breakup by Organization | Small and Medium-Sized Enterprises, Large Enterprises |
| Breakup by Deployment | Cloud, On-Premises |
| Breakup by Service | Professional Services, Managed Services |
| Breakup by Solution | Fraud Analytics, Authentication, Governance, Risk, and Compliance, Others |
| Breakup by Application | Claims Fraud, Identity Theft, Payment Fraud and Billing Fraud, Money Laundering |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | FICO [FICO (NYSE)], IBM [IBM (NYSE)], BAE Systems [BA (LON)], SAS Institute, Experian [ EXPN (LON)], Lexisnexis, Iovation, Friss, SAP, Fiserv [FISV (NASDAQ)], ACI Worldwide [ACIW (NASDAQ)], Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Key Questions Answered in the Report
- How has the global insurance fraud detection industry performed in the previous years (2017-2021)?
- What is the forecast assessment of the industry for 2022-2027?
- What are the major drivers of the historical (2017-2021) and forecast (2022-2027) periods?
- What are the major constraints of the historical (2017-2021) and forecast (2022-2027) periods?
- What are the major price indicators of the global market?
- What are the major demand indicators of the global insurance fraud detection industry?
- Who are the key manufacturers in the global insurance fraud detection industry?
- What is the degree of competition in the global market?
- What are the major events and developments taking place within the global insurance fraud detection industry?
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Insurance Fraud Detection Market Analysis
8.1 Key Industry Highlights
8.2 Global Insurance Fraud Detection Historical Market (2017-2021)
8.3 Global Insurance Fraud Detection Market Forecast (2022-2027)
8.4 Global Insurance Fraud Detection Market by Technology
8.4.1 Solutions
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2017-2021)
8.4.1.3 Forecast Trend (2022-2027)
8.4.2 Services
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2017-2021)
8.4.2.3 Forecast Trend (2022-2027)
8.5 Global Insurance Fraud Detection Market by Organization
8.5.1 Small and Medium-Sized Enterprises
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2017-2021)
8.5.1.3 Forecast Trend (2022-2027)
8.5.2 Large Enterprises
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2017-2021)
8.5.2.3 Forecast Trend (2022-2027)
8.6 Global Insurance Fraud Detection Market by Deployment
8.6.1 Cloud
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2017-2021)
8.6.1.3 Forecast Trend (2022-2027)
8.6.2 On-Premises
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2017-2021)
8.6.2.3 Forecast Trend (2022-2027)
8.7 Global Insurance Fraud Detection Market by Service
8.7.1 Professional Services
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2017-2021)
8.7.1.3 Forecast Trend (2022-2027)
8.7.1.4 Breakup by Type
8.7.1.4.1 Consulting Services
8.7.1.4.2 Training and Education
8.7.1.4.3 Support and Maintenance
8.7.2 Managed Services
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2017-2021)
8.7.2.3 Forecast Trend (2022-2027)
8.8 Global Insurance Fraud Detection Market by Solution
8.8.1 Fraud Analytics
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2017-2021)
8.8.1.3 Forecast Trend (2022-2027)
8.8.2 Authentication
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2017-2021)
8.8.2.3 Forecast Trend (2022-2027)
8.8.3 Governance, Risk and Compliance
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2017-2021)
8.8.3.3 Forecast Trend (2022-2027)
8.8.4 Others
8.9 Global Insurance Fraud Detection Market by Application
8.9.1 Claims Fraud
8.9.1.1 Market Share
8.9.1.2 Historical Trend (2017-2021)
8.9.1.3 Forecast Trend (2022-2027)
8.9.2 Identity Theft
8.9.2.1 Market Share
8.9.2.2 Historical Trend (2017-2021)
8.9.2.3 Forecast Trend (2022-2027)
8.9.3 Payment Fraud and Billing Fraud
8.9.3.1 Market Share
8.9.3.2 Historical Trend (2017-2021)
8.9.3.3 Forecast Trend (2022-2027)
8.9.4 Money Laundering
8.9.4.1 Market Share
8.9.4.2 Historical Trend (2017-2021)
8.9.4.3 Forecast Trend (2022-2027)
8.10 Global Insurance Fraud Detection Market by Region
8.10.1 Market Share
8.10.1.1 North America
8.10.1.2 Europe
8.10.1.3 Asia Pacific
8.10.1.4 Latin America
8.10.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 EMR’s Key Indicators for Demand
10.4 EMR’s Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 FICO
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 IBM
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 BAE Systems
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 SAS Institute
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Experian
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Lexisnexis
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Iovation
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Friss
11.2.8.1 Company Overview
11.2.8.2 Product Portfolio
11.2.8.3 Demographic Reach and Achievements
11.2.8.4 Certifications
11.2.9 SAP
11.2.9.1 Company Overview
11.2.9.2 Product Portfolio
11.2.9.3 Demographic Reach and Achievements
11.2.9.4 Certifications
11.2.10 Fiserv
11.2.10.1 Company Overview
11.2.10.2 Product Portfolio
11.2.10.3 Demographic Reach and Achievements
11.2.10.4 Certifications
11.2.11 ACI Worldwide
11.2.11.1 Company Overview
11.2.11.2 Product Portfolio
11.2.11.3 Demographic Reach and Achievements
11.2.11.4 Certifications
11.2.12 Others
12 Industry Events and Developments
List of Figures and Tables
1. Global Insurance Fraud Detection Market: Key Industry Highlights, 2017 and 2027
2. Global Insurance Fraud Detection Historical Market: Breakup by Technology (USD Million), 2017-2021
3. Global Insurance Fraud Detection Market Forecast: Breakup by Technology (USD Million), 2022-2027
4. Global Insurance Fraud Detection Historical Market: Breakup by Organization (USD Million), 2017-2021
5. Global Insurance Fraud Detection Market Forecast: Breakup by Organization (USD Million), 2022-2027
6. Global Insurance Fraud Detection Historical Market: Breakup by Deployment (USD Million), 2017-2021
7. Global Insurance Fraud Detection Market Forecast: Breakup by Deployment (USD Million), 2022-2027
8. Global Insurance Fraud Detection Historical Market: Breakup by Service (USD Million), 2017-2021
9. Global Insurance Fraud Detection Market Forecast: Breakup by Service (USD Million), 2022-2027
10. Global Insurance Fraud Detection Historical Market: Breakup by Solution (USD Million), 2017-2021
11. Global Insurance Fraud Detection Market Forecast: Breakup by Solution (USD Million), 2022-2027
12. Global Insurance Fraud Detection Historical Market: Breakup by Application (USD Million), 2017-2021
13. Global Insurance Fraud Detection Market Forecast: Breakup by Application (USD Million), 2022-2027
14. Global Insurance Fraud Detection Historical Market: Breakup by Region (USD Million), 2017-2021
15. Global Insurance Fraud Detection Market Forecast: Breakup by Region (USD Million), 2022-2027
16. North America Insurance Fraud Detection Historical Market: Breakup by Country (USD Million), 2017-2021
17. North America Insurance Fraud Detection Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Europe Insurance Fraud Detection Historical Market: Breakup by Country (USD Million), 2017-2021
19. Europe Insurance Fraud Detection Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Asia Pacific Insurance Fraud Detection Historical Market: Breakup by Country (USD Million), 2017-2021
21. Asia Pacific Insurance Fraud Detection Market Forecast: Breakup by Country (USD Million), 2022-2027
22. Latin America Insurance Fraud Detection Historical Market: Breakup by Country (USD Million), 2017-2021
23. Latin America Insurance Fraud Detection Market Forecast: Breakup by Country (USD Million), 2022-2027
24. Middle East and Africa Insurance Fraud Detection Historical Market: Breakup by Country (USD Million), 2017-2021
25. Middle East and Africa Insurance Fraud Detection Market Forecast: Breakup by Country (USD Million), 2022-2027
26. Global Insurance Fraud Detection Market Structure
Purchase Options
Call us on
Purchase Full Report
Mini Report
$1499
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateSingle User License
$2699-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next UpdateFive User License
$3699-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$4699-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Contact AnalystAny Question? Speak With An Analyst
Request SampleView A Sample
Request CustomisationDid You Miss Anything, Ask Now
Why Expert Market Research?RIGHT PEOPLE
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
RIGHT METHODOLOGY
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
RIGHT PRICE
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
RIGHT SUPPORT
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
Similar Reports
The global trade credit insurance market attained a value of more than USD 10.2 billion in 2021, driven by the flourishing BFSI industry. Aided by the advent of digital technology, the market is expec...
The global auto insurance market attained a value of about USD 704.8 billion in 2020, driven by the rising sales of personal vehicles. Aided by growing awareness regarding the importance of auto insur...
The global crop insurance market attained a value of nearly USD 36 billion in 2020, driven by the increasing financial investments owing to the commercialisation of agriculture. Aided by the use of th...
The global dental insurance market attained a value of about USD 161 billion in 2020, driven by the rising prevalence of oral health among the population. Aided by the growing technological advancemen...
Health insurance provides financial leverage to the individuals availing it for their medical expenses due to consultation charges with a physician, treatment expenditure for a disease or injury.
NEWSLETTER