Global Insurance Fraud Detection Market Analysis

The global insurance fraud detection market was valued at USD 19.6 billion in 2023 and is projected to reach USD 144.3 billion by 2033, growing at a CAGR of 21.1%. Rising fraudulent claims, digital adoption in insurance processes, and stricter regulatory compliance are driving robust demand. The market expansion is fueled by advanced analytics, AI, and machine learning, enabling insurers to minimize losses, improve claim validation, and enhance customer trust.

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