Tech adoption is fueling growth in the insurance fraud detection market. (Photo: Shutterstock) Tech adoption is fueling growth in the insurance fraud detection market. (Photo: Shutterstock)

The global insurance fraud detection market is expected to grow from $2.5 billion in 2019 to $7.9 billion by 2024, says a recent market research report, Insurance Fraud Detection Market by Component (Solutions (Fraud Analytics, Authentication, and GRC), Service) Application Area (Claims Fraud, Identity Theft, Payment and Billing Fraud, and Money Laundering), Deployment Mode, Organization Size, and Region — Global Forecast to 2024, published by MarketsandMarkets.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].