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.
The Coalition surveyed 74 insurers to assess how insurers are using anti-fraud technology, what strategies they are employing, and their plans for expanding technology capabilities in the near future. Click "next" to see results from the survey.
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