About this paper
Insurance fraud costs insurers tens of billions of dollars each year and, in turn, increases premiums in all lines of insurance. During the last 15 years, insurers have invested substantially in anti-fraud initiatives to reduce their exposure to fraud losses. Technology-based tools are being used both inside the company and outsourced to a variety of vendors to detect and investigate schemes by opportunistic individuals, insurance company employees and enterprising organized rings. This white paper presents the results of a study conducted by the Coalition Against Insurance Fraud and sponsored by SAS to better understand how insurers currently use anti-fraud technology, what strategies they are employing and their plans for expanding technology capabilities in the next year.