Tony Boobier is IBM Software Solutions Group Insurance Leader for EMEA.

As insurers and adjusters increase their focus on claims fraud, costing the U.S. insurance P&C industry as much as in the $30 billion annually, according to the Insurance Information Institute, it is perhaps easy to forget that fraud is a global problem.

Fraud is thought to be in the range of $10 to $15 billion for the European p&c insurance industry, and the Insurance Council of Australia reports that 10 percent to 15 percent of p&c claims reported in that country have fraud indicators. Of course, we often think of fraud as being an issue of whether an event is covered by the policy or not, but a significant amount of fraud emerges through excessive claims.

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