As the industry attempts to keep up with the growth in fraud and deploy more effective anti-fraud technologies, spending by U.S. P&C carriers on fraud solutions, split roughly evenly between analytics and scoring products and services, is projected to grow by 44 percent between 2011 and 2016, according to a new study on fraud.
“The Escalating War on Insurance Fraud: P&C Carriers and Fraudsters Up Their Games,” the new report from Aite Group, provides an overview of the North American P&C insurance fraud battlefield, including its history and evolution. The information is based interviews with 22 North American P&C industry stakeholders and industry fraud-prevention organizations conducted from July 2012 to March 2013.
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