Page 16 - Turkinsurance Digital Magazine
P. 16
16 cover story
Combating Insurance Fraud in the
Age of AI and Big Data
The insurance industry, often regarded
as a bulwark of financial stability and
consumer protection, is simultaneously
under persistent threat from fraudulent
activities. Insurance fraud—ranging
from exaggerated claims to organized
criminal networks—costs global insurers
billions of dollars annually. These losses,
in turn, contribute to rising premiums
and erode trust in the system. In
response, a technological revolution is
reshaping how insurers detect, prevent,
and respond to fraud.
