Quantifying the Value of Counter Fraud Analytics in Insurance

The prevailing wisdom seems to be that insurance fraud costs a company, on average, between 5% and 10% of annual revenue. But averages can be misleading and inconsistent formats can make such estimates difficult to interpret.

To help address these issues, Aberdeen Group has applied a simple but highly effective analytical approach to evaluate the cost of insurance fraud and to quantify the value of investments in counter fraud analytics capabilities in order to reduce your risk exposure.

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