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Insurance Fraud Detection Market Forecast 2026-2031: A USD 20.2 Billion Opportunity as AI-Led Detection and Digital Verification Drive Growth, Says Mordor Intelligence

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HYDERABAD, India, June 5, 2026 /PRNewswire/ — According to Mordor Intelligence, the global insurance fraud detection market is estimated at USD 8.52 billion in 2026 and is projected to reach USD 20.2 billion by 2031, growing at a CAGR of 18.85% during the forecast period (2026–2031). The growth of the insurance fraud detection industry is primarily driven by the rising complexity and volume of fraudulent insurance claims, alongside the increasing adoption of artificial intelligence and machine learning technologies by insurers. Companies are leveraging advanced analytics and predictive tools to identify anomalies, streamline claim processes, and minimize financial losses. With heightened regulatory scrutiny and the push for transparency in claims processing, the insurance fraud detection market size is poised for substantial expansion over the next five years.

Regional Market Insights

Insurers in Asia Pacific are leveraging mobile-first platforms, digital IDs, and innovative local solutions to improve fraud detection, even in areas with limited connectivity. Advanced data from social IDs and IoT devices helps carriers identify suspicious patterns and prevent losses more effectively.

In North America, strong regulatory frameworks combine with cutting-edge technologies like behavioral biometrics and connected vehicle data, allowing insurers to detect orchestrated claims and maintain secure, compliant fraud monitoring.

Emerging Solutions in Insurance Fraud Detection Market

Telematics and IoT Enhancing Fraud Detection

The rise of connected devices and telematics is helping insurers spot fraudulent activity more effectively. By analyzing real-time driving behavior and IoT data from vehicles or properties, insurers can identify unusual patterns and coordinated schemes, enabling faster and more accurate fraud prevention.

AI-Driven Claims Automation Transforming Insurance

Top insurers are increasingly adopting AI-powered tools to streamline claims processing. By automating reviews, they can quickly detect suspicious claims and anomalies, improving efficiency while maintaining accuracy. Advanced techniques like natural language processing and computer vision allow insurers to analyze notes, images, and videos almost instantly, helping prevent fraudulent payouts before they occur.

Ashish Gautam, Senior Research Manager, Mordor Intelligence says, “As the Insurance Fraud Detection Market evolves in response to growing claims volumes and operational oversight requirements, organizations need research that distinguishes durable trends from short-term market activity. Mordor Intelligence supports this need through transparent market frameworks, consistent validation practices, and balanced analysis that decision-makers can evaluate with confidence.”

Table of Contents (Partial) – Insurance Fraud Detection Market
1. INTRODUCTION

1.1 Study Assumptions and Market Definition1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET LANDSCAPE

4.1 Market Overview4.2 Market Drivers4.2.1 Rising Need for Zero-Defect Manufacturing4.2.2 Increasing Adoption of Vision-Guided Robotics4.2.3 Growing Demand for 3D Vision in Electronics Miniaturisation4.2.4 and more4.3 Market Restraints4.3.1 Lack of Skilled Machine Vision Integrators4.3.2 High Cost of High-Resolution and Hyperspectral Cameras4.3.3 Cybersecurity Risks in Cloud-Connected Vision Systems4.3.4 Supply Chain Volatility of Image Sensor Semiconductors4.4 Industry Ecosystem Analysis4.5 Impact of Macroeconomic Factors4.6 Regulatory Landscape4.7 Technological Outlook4.8 Porter’s Five Forces Analysis4.8.1 Bargaining Power of Suppliers4.8.2 Bargaining Power of Buyers4.8.3 Threat of New Entrants4.8.4 Threat of Substitutes4.8.5 Intensity of Competitive Rivalry

5. MARKET SIZE AND GROWTH FORECASTS (VALUE)

5.1 By Component5.1.1 Hardware5.1.1.1 Vision Systems5.1.1.2 Cameras5.1.1.3 Optics and Illumination Systems5.1.1.4 and more5.2 By Product Type5.2.1 PC-Based5.2.2 Smart Camera-Based5.3 By Imaging Type5.3.1 2D Imaging5.3.2 3D Imaging5.3.3 Hyperspectral and Multispectral Imaging5.4 By End-User Industry5.4.1 Automotive5.4.2 Electronics and Semiconductors5.4.3 Food and Beverage5.4.4 Healthcare and Pharmaceutical5.4.5 and more5.5 By Deployment Mode5.5.1 On-Premise5.5.2 Edge/Embedded5.5.3 Cloud-Based5.6 By Geography5.6.1 North America5.6.1.1 United States5.6.1.2 Canada5.6.1.3 Mexico5.6.2 South America5.6.2.1 Brazil5.6.2.2 Argentina5.6.2.3 Chile5.6.2.4 Rest of South America5.6.3 Europe5.6.3.1 United Kingdom5.6.3.2 Germany5.6.3.3 France5.6.3.4 Italy5.6.3.5 Spain5.6.3.6 Russia5.6.3.7 Netherlands5.6.3.8 Rest of Europe5.6.4 Asia Pacific5.6.4.1 China5.6.4.2 Japan5.6.4.3 India5.6.4.4 South Korea5.6.4.5 Australia5.6.4.6 Rest of Asia Pacific5.6.5 Middle East5.6.5.1 Gulf Cooperation Council5.6.5.2 Turkey5.6.5.3 Israel5.6.5.4 Rest of Middle East5.6.6 Africa5.6.6.1 South Africa5.6.6.2 Nigeria5.6.6.3 Kenya5.6.6.4 Egypt5.6.6.5 Rest of Africa

6. COMPETITIVE LANDSCAPE

6.1 Market Concentration6.2 Strategic Moves6.3 Market Share Analysis6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Market Rank/Share for key companies, Products and Services, and Recent Developments)6.4.1 Cognex Corporation6.4.2 Keyence Corporation6.4.3 Omron Corporation6.4.4 Teledyne Technologies Incorporated6.4.5 Sony Group Corporation6.4.6 Atlas Copco AB (ISRA Vision)6.4.7 IDS Imaging Development Systems GmbH6.4.8 National Instruments Corporation6.4.9 MVTec Software GmbH6.4.10 Basler AG6.4.11 and more

7. MARKET OPPORTUNITIES AND FUTURE OUTLOOK

7.1 White-Space and Unmet-Need Assessment

For details on other market segments and the full table of contents, visit –
https://www.mordorintelligence.com/industry-reports/insurance-fraud-detection-market

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Microsoft, Tata Communications, Trend Micro, Cisco Systems, and McAfee are the major companies operating in this market.

Read more about companies active in the Messaging Security Market: https://www.mordorintelligence.com/industry-reports/messaging-security-market/companies

Adaptive Security Market Trends -The adaptive security market is valued at USD 14.38 billion in 2025 and is forecast to reach USD 32.27 billion by 2030, registering a CAGR of 17.54%. Demand is supported by the need for real-time, risk-based security models that use analytics and automation to respond dynamically to evolving cyber threats.

Threat Intelligence Market Outlook – The threat intelligence market is estimated at USD 10.38 billion in 2026 and is projected to reach USD 18.85 billion by 2031, expanding at a CAGR of 12.7% during the forecast period (2026–2031). Market growth is driven by increasing cyberattack complexity and the need for proactive intelligence platforms that improve threat visibility and response.

Dell Inc., IBM Corporation, Anomali, Inc., Fortinet, Inc., and CrowdStrike, Inc. are the major companies operating in this market.

Read more about companies active in the Threat Intelligence Market: https://www.mordorintelligence.com/industry-reports/threat-intelligence-market/companies

About Mordor Intelligence 

Mordor Intelligence is a trusted partner for businesses seeking comprehensive and actionable market intelligence. Our global reach, expert team, and tailored solutions empower organizations and individuals to make informed decisions, navigate complex markets, and achieve their strategic goals. With a team of over 550 domain experts and on-ground specialists spanning 150+ countries, Mordor Intelligence possesses a unique understanding of the global business landscape.

This expertise translates into comprehensive syndicated and custom research reports covering a wide spectrum of industries, including aerospace & defense, agriculture, animal nutrition and wellness, automation, automotive, chemicals & materials, consumer goods & services, electronics, energy & power, financial services, food & beverages, healthcare, hospitality & tourism, information & communications technology, investment opportunities, and logistics.

For any inquiries, please contact: 
media@mordorintelligence.com
https://www.mordorintelligence.com/contact-us

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Bringing Local AI Home: UGREEN Introduces Privacy-First HomeAgent for Smarter Living

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September 5, 2026

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BERLIN, Sept. 5, 2026 /PRNewswire/ — UGREEN, a leading global consumer technology brand, announced two new product lineups at a European launch event. The unveiling of the UGREENHomeAgent series of agentic local AI hubs and a new MagFlow lineup marks UGREEN’s next stage of growth. Building on its established presence in digital accessories and smart storage, the company is now dedicated to a broader spectrum of intelligent consumer electronics designed to enhance everyday life.

UGREEN HomeAgent: Agentic Local AI Hub for Homes

At the center of UGREEN’s broader intelligent consumer electronics vision is UGREEN HomeAgent, a groundbreaking Agentic AI Local Hub unifying local storage, computing, and control into one device. It connects a growing ecosystem of UGREEN AIoT devices, including security cameras, smart speakers, and smart photo frames, as well as third-party devices.

UGOS Pro is UGREEN’s in-house operating system built on a Linux architecture, offering professional storage management, robust data security, easy backup and sync, and extensive expandability.

UGREEN HomeAgent is powered by the all-new UGOS Pro, combining NAS-grade storage and data management with integrated home security features, smart home capabilities, and natural voice interaction to deliver a more complete all-in-one experience.

Traditional surveillance cameras usually only document bad news, and their footage is constantly overwritten, so the moments truly worth keeping quietly disappear. That’s why UGREEN set out to redefine the home camera system, not as a surveillance tool, but as a camera for life.

“HomeAgent proactively recognizes moments that are truly worth remembering and organizes them into a personalized daily briefing for every family. Moments that might otherwise be forgotten can return. We want to help families preserve the precious time they spend together.” – Samuel Zhang, CEO of UGREEN

As an agentic local AI hub integrating on-device intelligence, local storage, AI computing and smart-home control, HomeAgent serves as the AI brain of the connected home. Designed to keep data private and local, it enables intelligent file management, proactive home monitoring, voice-driven automation and unified device control. The ecosystem includes the HomeAgent HA100 and HA100 Pro, the NVIDIA® Jetson Thor™-powered MasterAgent MA100, SynCare smart cameras, the UGREEN Smart Speaker for Uliya, and UGREEN Gallery smart frames, while remaining compatible with third-party Matter-enabled devices. Together, they deliver a private, expandable AI platform that helps users preserve memories, monitor their homes and coordinate devices through natural, context-aware interactions.

MagFlow Pro: Active Heat Dissipation and Sustained Fast Charging

Announced alongside HomeAgent, MagFlow Powerbank is the world’s first liquid-cooled Qi2 25W magnetic power bank, featuring CryoPulse™ micro-pump liquid cooling, active heat dissipation and sustained fast charging.

The launch complements UGREEN’s strong range of charging options, outlining the brand’s commitment to true-rated performance and flagship-quality power.

Availability Timeline

Pre-orders for the UGREEN HomeAgent HA100, HA100 Pro and UGREEN MasterAgent MA100 opened on September 4, 2026, via the UGREEN AIoT Official Store, and remain available until the official Kickstarter crowdfunding campaign launches on October 27, 2026. Other AIoT accessories will be introduced as part of the Kickstarter campaign beginning on October 27. During the pre-order period, customers can place a deposit starting at $50 to reserve the UGREEN HomeAgent HA100, HA100 Pro or UGREEN MasterAgent MA100 and secure 50% off with the Super Early Bird discount.

About UGREEN

UGREEN is a leading global tech brand creating innovative products that make everyday life smarter, easier, and more connected. From smart charging and productivity to smart storage and AIoT, UGREEN designs technology around the needs of modern life.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/bringing-local-ai-home-ugreen-introduces-privacy-first-homeagent-for-smarter-living-302870674.html

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HKC and KOORUI Receive Dual Honors at the 2026 Global Product Technology Innovation Awards

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September 5, 2026

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HKC receives the Advanced Display Technology Brand Award, while KOORUI is honored with the Innovative Monitor Brand Award during IFA 2026.

BERLIN, Sept. 5, 2026 /CNW/ — HKC and its consumer display brand KOORUI received two distinctions at the 2026 Global Product Technology Innovation Awards, presented in Berlin during IFA 2026.

HKC received the Advanced Display Technology Brand Award, recognizing its continued commitment to display technology and integrated display solutions. KOORUI received the Innovative Monitor Brand Award, highlighting the brand’s ongoing efforts in monitor innovation and user experience.

According to the organizer, the Global Product Technology Innovation Awards were established by IDG in 2014 to recognize outstanding brands and products across the global consumer electronics and home appliance industries. Presented annually in Berlin during IFA, the awards highlight notable achievements in technology and product innovation for audiences across Europe and global markets.

As display technologies and applications continue to evolve, users increasingly expect products that combine strong performance, high quality and meaningful visual experiences. With more than 20 years of focus on display technology, HKC has developed into a global provider of integrated display solutions. KOORUI builds on this technological foundation to bring innovative monitor products to a broader range of consumers and usage scenarios.

“We are honored to receive these two awards,” said a representative of HKC Group. “They recognize HKC’s long-term commitment to display technology and KOORUI’s continued focus on product innovation. We will keep developing advanced display solutions that respond to evolving user needs and create high-quality visual experiences worldwide.”

The two honors mark another milestone for HKC and KOORUI as they continue advancing display technologies, improving product experiences and strengthening engagement with global partners and consumers.

About HKC

HKC has focused on the display industry for more than 20 years and provides integrated display solutions for global markets and diverse applications.

About KOORUI

KOORUI is HKC’s consumer display brand, creating innovative monitor products and visual experiences for users worldwide.

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ATTACK SHARK Announces Strategic Partnership with Cloud9 Esports’ League of Legends Team

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September 5, 2026

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NEW YORK, Sept. 5, 2026 /PRNewswire/ — High-performance gaming peripheral brand ATTACK SHARK today announced a partnership with leading esports organization Cloud9 Esports. Focused on Cloud9’s League of Legends team, the collaboration will showcase professional gaming insights, esports culture, and competitive gear content across digital, social media, and e-commerce channels.

A Championship Legacy in North American Esports

Founded in 2013, Cloud9 Kia has grown into one of North America’s most iconic esports organizations. Originally established through League of Legends, it has built a global reputation through competitive success, including 6 League Championship Series (LCS) titles, 10 World Championship appearances, the 2018 ELEAGUE Major Boston title, the inaugural Overwatch League championship, and a Rocket League World Championship. Cloud9 Kia remains one of North America’s most influential League of Legends teams.

Deep Collaboration: From Pro Scenes to Player Communities

The partnership will center on professional player training, competitive performance, and player-focused content. ATTACK SHARK will equip the Cloud9 League of Legends team with its latest gaming peripherals to support daily training and competitive preparation.

By combining Cloud9’s professional competitive expertise with ATTACK SHARK’s focus on hardware innovation, the partnership aims to explore the increasing demands placed on gaming equipment in high-level esports environments. Trusted by over 10 million players worldwide, ATTACK SHARK translates professional esports insights into accessible, high-performance gaming peripherals for competitive gamers. 

“At Cloud9 Kia, we believe gaming can unlock the best in everyone. ATTACK SHARK is on a mission to make high-performance mice and keyboards accessible to all gamers, and that’s the same idea from two directions. I’m proud to have them alongside Cloud9 Kia, and excited for all of the amazing peripherals this partnership will put into our fan’s hands,” said Jonathan Tran, President of Cloud9.

“Partnering with Cloud9 Kia is a significant milestone for ATTACK SHARK,” said Gavin Cheng, CEO and Co-Founder of ATTACK SHARK. “Their competitive spirit, professionalism, and relentless pursuit of excellence closely align with the values that have guided ATTACK SHARK from the beginning. This collaboration creates an opportunity to learn from professional competition and share those insights with players around the world.”

The partnership represents a deeper investment by ATTACK SHARK in the global esports ecosystem. Together, ATTACK SHARK and Cloud9 Kia will continue creating new experiences for competitive players and gaming communities worldwide.

For more information, visit https://attackshark.com/ or connect with the brand on social media and Discord.

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SOURCE ATTACK SHARK

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