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Preventing Fraud: Insurers Invest in Anti-Fraud Tech -- Slideshow

The Coalition Against Insurance Fraud recently conducted a study on how integral anti-fraud technology is to the insurance industrys battle against insurance fraud.

By Caterina Pontoriero | Updated on September 11, 2012

The Coalition Against Insurance Fraud recently conducted a study on how integral anti-fraud technology is to the insurance industry’s battle against insurance fraud.

According to the Coalition, insurance fraud costs insurers tens of billions of dollars each year, and in turn increases premiums in all lines of insurance. In the last 15 years, insurers have invested in anti-fraud technology to reduce their exposure to fraud losses. The tools are being used to detect and investigate schemes by opportunistic individuals, insurance company employees, and organized rings.

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