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The insurance industry has focused the majority of technology investment for automated fraud detection efforts around auto claims.

This makes sense: Auto coverage represents 38 percent of total property and casualty exposure, or $200 billion in direct written premiums, according to the SNL Briefing Book. However, Homeowners comprise the second-largest exposure at $93 billion in direct written premiums. Fraudulent losses involving fire, theft, water, scheduled property, wind or hail are exposures in which loss severity can be significant and greatly affect the bottom line.

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