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Fraud Detection

Top 5 Technologies Improving Insurance Fraud Detection

Top 5 Technologies Improving Insurance Fraud Detection

According to the FBI, insurance fraud (excluding health insurance) costs more than $40 billion annually in the U.S. alone.(Insurance Fraud. FBI. Accessed: February/11/2025.) Technological tools such as artificial intelligence (AI), the Internet of Things (IoT), machine learning, and blockchain can be used by insurers to more effectively detect and prevent insurance fraud.

Feb 113 min read
Fraud DetectionInsurtech