"Shaping The Future Of BFSI With Data-Driven Intelligence And Strategic Insights"

Insurance Fraud Detection Market Size, Share & Industry Analysis, By Deployment (Cloud and On Premise), By Fraud Type (Claims Fraud, Identity Fraud, Payment & Billing Fraud, Application Fraud (Fraud At Policy Issuance), and Others), By Insurance Line (Life Insurance, Health Insurance, Property & Casualty (P&C) Insurance, Motor Insurance, and Others (Marine, Etc.)), and Regional Forecast, 2025-2032

Last Updated: November 20, 2025 | Format: PDF | Report ID: FBI114508

 

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  1. Introduction
    1. Definition, By Segment
    2. Research Methodology/Approach
    3. Data Sources 
  2. Executive Summary
  3. Market Dynamics
    1. Macro and Micro Economic Indicators
    2. Drivers, Restraints, Opportunities and Trends
  4. Competition Landscape
    1. Business Strategies Adopted by Key Players
    2. Consolidated SWOT Analysis of Key Players
    3. Global Insurance Fraud Detection Key Players (Top 3 – 5) Market Share/Ranking, 2024
  5. Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Region (USD Bn)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East & Africa
      5. South America
  6. North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. U.S.
      2. Canada
      3. Mexico
  7. South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. Brazil
      2. Argentina
      3. Rest of South America
  8. Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. U.K. 
      2. Germany 
      3. France 
      4. Italy 
      5. Spain 
      6. Russia 
      7. Benelux 
      8. Nordics 
      9. Rest of Europe 
  9. Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. Turkey
      2. Israel
      3. GCC
      4. South Africa
      5. North Africa
      6. Rest of MEA
  10. Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. China 
      2. India 
      3. Japan
      4. South Korea
      5. ASEAN
      6. Oceania
      7. Rest of Asia Pacific
  11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
    1. Verisk Analytics
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    2. LexisNexis Risk Solution
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    3. DXC Technology Company
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    4. Shift Technology
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    5. IBM Corporation
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    6. SAS Institute
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    7. OpenPayd
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    8. Experian
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    9. FICO
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    10. BAE System
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
  12. Key Takeaways
  1. Introduction
    1. Definition, By Segment
    2. Research Methodology/Approach
    3. Data Sources 
  2. Executive Summary
  3. Market Dynamics
    1. Macro and Micro Economic Indicators
    2. Drivers, Restraints, Opportunities and Trends
  4. Competition Landscape
    1. Business Strategies Adopted by Key Players
    2. Consolidated SWOT Analysis of Key Players
    3. Global Insurance Fraud Detection Key Players (Top 3 – 5) Market Share/Ranking, 2024
  5. Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Region (USD Bn)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East & Africa
      5. South America
  6. North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. U.S.
      2. Canada
      3. Mexico
  7. South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. Brazil
      2. Argentina
      3. Rest of South America
  8. Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. U.K. 
      2. Germany 
      3. France 
      4. Italy 
      5. Spain 
      6. Russia 
      7. Benelux 
      8. Nordics 
      9. Rest of Europe 
  9. Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. Turkey
      2. Israel
      3. GCC
      4. South Africa
      5. North Africa
      6. Rest of MEA
  10. Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Segments, 2019-2032
    1. Key Findings
    2. By Fraud Type (USD Bn)
      1. Claims Fraud
      2. Identity Fraud
      3. Payment & Billing Fraud
      4. Application Fraud (fraud at policy issuance)
      5. Others 
    3. By Deployment (USD Bn)
      1. Cloud 
      2. On Premise
    4. By Insurance Line (USD Bn)
      1. Life Insurance
      2. Health Insurance
      3. Property & Casualty (P&C) Insurance
      4. Motor Insurance
      5. Others (Marine, Etc.)
    5. By Country (USD Bn)
      1. China 
      2. India 
      3. Japan
      4. South Korea
      5. ASEAN
      6. Oceania
      7. Rest of Asia Pacific
  11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
    1. Verisk Analytics
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    2. LexisNexis Risk Solution
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    3. DXC Technology Company
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    4. Shift Technology
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    5. IBM Corporation
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    6. SAS Institute
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    7. OpenPayd
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    8. Experian
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    9. FICO
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    10. BAE System
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
  12. Key Takeaways
Read Less

Figure 1: Global Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 2: Global Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 3: Global Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 4: Global Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 5: Global Insurance Fraud Detection Market Revenue Share (%), By Region, 2024 and 2032

Figure 6: North America Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 7: North America Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 8: North America Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 9: North America Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 10: North America Insurance Fraud Detection Market Revenue Share (%), By Country, 2024 and 2032

Figure 11: Europe Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 12: Europe Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 13: Europe Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 14: Europe Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 15: Europe Insurance Fraud Detection Market Revenue Share (%), By Country, 2024 and 2032

Figure 16: Asia Pacific Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 17: Asia Pacific Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 18: Asia Pacific Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 19: Asia Pacific Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 20: Asia Pacific Insurance Fraud Detection Market Revenue Share (%), By Country, 2024 and 2032

Figure 21: Middle East & Africa Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 22: Middle East & Africa Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 23: Middle East & Africa Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 24: Middle East & Africa Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 25: Middle East & Africa Insurance Fraud Detection Market Revenue Share (%), By Country, 2024 and 2032

Figure 26: South America Insurance Fraud Detection Market Revenue Share (%), 2024 and 2032

Figure 27: South America Insurance Fraud Detection Market Revenue Share (%), By Fraud Type, 2024 and 2032

Figure 28: South America Insurance Fraud Detection Market Revenue Share (%), By Deployment, 2024 and 2032

Figure 29: South America Insurance Fraud Detection Market Revenue Share (%), By Insurance Line, 2024 and 2032

Figure 30: South America Insurance Fraud Detection Market Revenue Share (%), By Country, 2024 and 2032

Figure 31: Global Insurance Fraud Detection Key Players' Market Share/Ranking (%), 2024

Table 1: Global Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 2: Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 3: Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 4: Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 5: Global Insurance Fraud Detection Market Size Estimates and Forecasts, By Region, 2019 – 2032

Table 6: North America Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 7: North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 8: North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 9: North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 10: North America Insurance Fraud Detection Market Size Estimates and Forecasts, By Country, 2019 – 2032

Table 11: Europe Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 12: Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 13: Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 14: Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 15: Europe Insurance Fraud Detection Market Size Estimates and Forecasts, By Country, 2019 – 2032

Table 16: Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 17: Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 18: Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 19: Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 20: Asia Pacific Insurance Fraud Detection Market Size Estimates and Forecasts, By Country, 2019 – 2032

Table 21: Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 22: Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 23: Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 24: Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 25: Middle East & Africa Insurance Fraud Detection Market Size Estimates and Forecasts, By Country, 2019 – 2032

Table 26: South America Insurance Fraud Detection Market Size Estimates and Forecasts, 2019 – 2032

Table 27: South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Fraud Type, 2019 – 2032

Table 28: South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Deployment, 2019 – 2032

Table 29: South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Insurance Line, 2019 – 2032

Table 30: South America Insurance Fraud Detection Market Size Estimates and Forecasts, By Country, 2019 – 2032

Insurance Fraud Detection Market
  • 2019-2032
  • 2024
  • 2019-2023
  • 172
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