Connect with us

Technology

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

Published

on

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

Related Reports by Mordor Intelligence

Messaging Security Market Growth -The messaging security market is estimated at USD 11.14 billion in 2025 and is expected to reach USD 30.68 billion by 2030, growing at a CAGR of 22.45%. Growth is driven by rising phishing and email-based attacks, increased use of cloud collaboration tools, and greater adoption of AI-driven threat detection to secure enterprise communications.

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

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/insurance-fraud-detection-market-forecast-20262031-a-usd-20-2-billion-opportunity-as-ai-led-detection-and-digital-verification-drive-growth-says-mordor-intelligence-302792665.html

Continue Reading

Technology

Mission Critical Partners Announces Launch of its Justice Integration Hub in Support of the City of New Orleans

Published

on

By

The $30 million ARPA-funded initiative connects public-safety and justice agencies, accelerates case processing and improves service to the community.

NEW ORLEANS, Oct. 27, 2026 /PRNewswire-PRWeb/ — Mission Critical Partners today announced the launch of its Justice Integration Hub in support of the city of New Orleans’ Justice Technology Modernization Program (JTMP). JTMP is a multiyear initiative that replaced several decades-old systems with a unified, cloud-based platform designed to improve public safety and access to justice by streamlining operations and strengthening transparency across the city and Orleans Parish criminal-justice ecosystem.

“The Justice Integration Hub is not just a technology milestone; it’s a fundamental shift in how justice is delivered,” said Darrin Reilly, president and CEO, Mission Critical Partners.

The Justice Integration Hub facilitates the seamless flow of information throughout the Parish’s complex criminal-justice ecosystem. Funded through a $30 million allocation from the American Rescue Plan Act (ARPA), JTMP represents one of the most comprehensive justice technology overhauls in the country, modernizing and transforming more than 40 years of legacy infrastructure. The program integrates the area’s entire criminal justice ecosystem — including the New Orleans Police Department, Orleans Parish Sheriff’s Office and Justice Center, District Attorney, Public Defender, Criminal District Court, and Clerk of Court — into a single, connected environment.

“The integration hub fundamentally changes how our justice agencies work together,” said Nathaniel Weaver, JTMP director. “Instead of information stopping at the boundaries between agencies, it can move securely in real time, allowing people to spend less time reentering data and more time making the decisions that move cases forward.”

From Fragmentation to Real-Time Coordination

For years, criminal-justice agencies in New Orleans and Orleans Parish operated on outdated, siloed systems that limited collaboration, slowed case processing, and created cross-department inefficiencies.

The Justice Enterprise Hub is built on Microsoft Azure and leverages a standardized enterprise data model aligned with national data-sharing models. A secure integration hub enables real-time data sharing across agencies, ensuring that critical information is accessible when and where it is needed.

Immediate Impact Across the Community

The Justice Enterprise Hub already is helping to deliver measurable improvements:

Patrol officers now have additional hours each week to spend in New Orleans communities and respond to emergencies due to more efficient digital arrest-processing workflows.Data sharing from the jail to the court facilitates automated creation of cases and scheduling of court appearances, saving approximately 6,000 hours of time clerks would spend on data entry.Faster information sharing between agencies is helping reduce hearing delays, streamline inmate transport coordination, and improve overall justice system efficiency. This significantly reduces incarceration costs and generates measurable operational savings.

A Foundation for the Future of Justice

With the core platform now fully operational, New Orleans and Orleans Parish are positioned to build on this foundation with advanced capabilities, including AI-assisted case processing, digital evidence management, and expanded state-level data integration.

“The Justice Integration Hub is not just a technology milestone; it’s a fundamental shift in how justice is delivered,” said Darrin Reilly, MCP’s president and CEO. “New Orleans and Orleans Parish now have a nation-leading, scalable, and future-ready system that enables agencies to work together more effectively and collaboratively to better serve the public. We look forward to bringing this solution to more communities across the nation.”

The system was implemented in four phases, following a competitive nationwide process that selected Mission Critical Partners and Major Services, a New Orleans-based IT consulting firm, to oversee JTMP’s development, implementation, and coordinated go-live activities across all participating agencies. Those four phases went live in succession, between November 2025 and April 2026.

About Mission Critical Partners (MCP)

Mission Critical Partners (MCP) is a leading provider of data integration, consulting, network, and cybersecurity solutions specializing in transforming mission-critical communications networks into integrated ecosystems that improve outcomes in the public-safety, justice, healthcare, transportation, and utility markets. Our comprehensive experience and vendor-agnostic approach help us develop modernized solutions that maximize value, improve efficiency, and mitigate risk. Additional information and career opportunities are available at MissionCriticalPartners.com.

Media Contact

Morgan Sava, Mission Critical Partners, 1 608-658-8858, rscarpino@pipitone.com, https://www.missioncriticalpartners.com/

View original content:https://www.prweb.com/releases/mission-critical-partners-announces-launch-of-its-justice-integration-hub-in-support-of-the-city-of-new-orleans-302920918.html

SOURCE Mission Critical Partners

Continue Reading

Technology

MadeAi Launches Dossier Expert, Bringing Agentic AI to Formulary and Value Dossier Development

Published

on

By

New AI-powered solution transforms dossier creation and maintenance with source-level traceability, cross-functional collaboration, and up to 70% faster authoring and updates

CAMBRIDGE, Mass., Oct. 27, 2026 /PRNewswire-PRWeb/ — MadeAi™, a leader in AI-enabled evidence synthesis and life sciences solutions, today announced the launch of MadeAi Dossier Expert, a new AI-powered solution designed to transform how pharmaceutical and life sciences organizations create, review, and maintain formulary and value dossiers.

Traditionally, developing AMCP dossiers, global value dossiers, and health technology assessment (HTA) submissions requires months of coordination across HEOR, Clinical, Market Access, and Medical Writing teams. Evidence is dispersed across multiple sources, citations require extensive manual verification, and updates often trigger lengthy rounds of rewriting and review.

Dossier Expert replaces this fragmented process with a living, evidence-linked document that evolves as the underlying science changes.

Built to address one of the most time-consuming challenges facing Market Access and HEOR teams, Dossier Expert brings evidence management, AI-assisted authoring, citation verification, and cross-functional collaboration into a single, continuously updated environment.

From Static Documents to Living Evidence

Unlike traditional dossier authoring approaches that focus primarily on accelerating initial drafts, Dossier Expert is designed to streamline the entire dossier lifecycle—from first creation through ongoing evidence updates.

Key capabilities include:

AI-Powered Dossier Generation: Create structured AMCP, HTA, and value dossiers using customizable templates and AI-generated, evidence-grounded content.One-Click Citation Verification: Trace every AI-generated claim directly to its source document, with the supporting passage highlighted for immediate verification.Intelligent Evidence Updates: Automatically identify sections affected by changes in underlying evidence and selectively regenerate outdated content without overwriting human edits.Integrated Evidence Hub: Organize and connect indexed source materials directly to relevant dossier sections.Integrated MadeAi-LR: Access AI-enabled literature review directly for in-platform literature review support.Seamless Collaboration: Enable HEOR, Clinical, Market Access, and Medical Writing teams to work within one document, with built-in commenting, assignments, approvals, and version control.Flexible, Submission-Ready Outputs: Export approved dossiers to Word or PDF.

Accelerating Market Access Without Compromising Scientific Rigor

Dossier Expert is designed to deliver up to 70% faster dossier authoring and updates, while reducing the manual effort associated with evidence verification, document management, and recurring revisions.

“Creating a dossier is only part of the challenge. Keeping it scientifically current, fully traceable, and aligned across multiple stakeholders is where organizations lose enormous amounts of time,” said Gaugarin Oliver, Founder and CEO of MadeAi. “With Dossier Expert, we’re moving beyond AI-generated first drafts to a fundamentally different model: a living dossier that connects every claim to its evidence, identifies what needs updating, and enables experts to focus on scientific judgment rather than document administration.”

By combining AI-powered efficiency with human oversight and transparent source verification, Dossier Expert helps life sciences organizations accelerate evidence communication while maintaining the rigor required for payer and HTA engagement.

Learn more about Dossier Expert at www.madeai.com.

About MadeAi

MadeAi™ is an award-winning AI-native evidence synthesis and life sciences solutions platform designed to help pharmaceutical, biotechnology, and medical device organizations accelerate evidence generation and scientific communication. Combining advanced agentic AI capabilities with human expertise, MadeAi supports workflows across HEOR, Market Access, Medical Affairs, and RWE, delivering greater efficiency, transparency, and scientific rigor.

Media Contact

Meghan Oates-Zalesky, MadeAi, 1 617 435 2470, meghan.oates@madeai.com, www.madeai.com

View original content to download multimedia:https://www.prweb.com/releases/madeai-launches-dossier-expert-bringing-agentic-ai-to-formulary-and-value-dossier-development-302920940.html

SOURCE MadeAi

Continue Reading

Technology

Peloton Launches Peloton Broker to Streamline Early-Stage Land Acquisition for Energy Projects

Published

on

By

New tract-based pre-leasing tool joins the
Land Data Management solution in the Peloton Platform

CALGARY, AB, Oct. 27, 2026 /PRNewswire/ — Peloton, a provider of energy data management software, today announced the launch of Peloton Broker, a tract-based pre-leasing management tool built for energy projects. Peloton Broker gives brokers, consultants, land departments, and legal teams one place to handle ownership discovery, negotiation tracking, and title curative work, so they can move from prospect to signed lease without re-entering data or juggling separate systems.

Peloton Broker is part of Peloton’s Land Data Management solution in the Peloton Platform, alongside LandView, LandView Map, and Peloton Dashboards. It extends Peloton’s trusted foundation to the earliest stage of land acquisition, with pre-leasing work carrying straight into agreement-based lease management in LandView.

“The pre-leasing stage has always been where land data is most scattered, with ownership research in one place, negotiation notes in another, and title issues surfacing late,” said James Hatcher, Product Manager – Land Data Management at Peloton. “Peloton Broker brings that work into the Peloton Platform from day one, so land teams start every lease with a complete picture and the rest of the organization gets land data it can trust.”

Built for the start of the lease lifecycle

Peloton Broker helps land teams at oil and gas operators and renewable energy developers:

Track ownership at the tract level, covering both surface and mineral rightsManage negotiations in integrated workflows that record every offer, contact, and status changeCatch title concerns early with title curative support, before they hold up executionWork from the map with GIS-driven prospect management connected to LandView MapKeep audit-ready records with full traceability from first contact to executed lease

Connected across the Peloton Platform

The Peloton Platform is a SaaS solution hosted by Microsoft Azure that brings well, production, and land data together in one environment. With Peloton Broker on the platform, customers get:

A single source of truth. Land, operations, and finance teams work from the same accurate, up-to-date information, with master data such as business associates, wells, and units shared across products.Linked lifecycles. Land data ties into well and production data in WellView and ProdView, and integrates with third-party ERP and financial systems.Enterprise-grade security, backed by Peloton’s SOC 1 and SOC 2 Type 2 certifications.

Peloton Broker is available now. To learn more, visit peloton.com/products/land-data-management/broker.

About Peloton

Headquartered in Calgary, Alberta, and founded in 1991, Peloton created the energy industry’s original data management solution, and it remains the standard today. With more than three decades of industry expertise and over 700 clients globally, Peloton offers software across the well, production, and land lifecycles. The Peloton Platform brings all three together in one integrated SaaS environment, hosted by Microsoft Azure.

View original content to download multimedia:https://www.prnewswire.com/news-releases/peloton-launches-peloton-broker-to-streamline-early-stage-land-acquisition-for-energy-projects-302921122.html

SOURCE Peloton Computer Enterprises Ltd.

Continue Reading

Trending