Rise in fraudulent claims

Originally published by Professional Security Magazine on March 18, 2025.

Professional Security Magazine published an article examining the rise in fraudulent insurance claims, an issue that poses significant financial and operational challenges for insurers across multiple lines of business. The publication's focus on this trend highlights the growing need for advanced detection capabilities in the claims process.

Fraud detection remains a critical concern for the insurance industry as schemes become more sophisticated and harder to identify through traditional methods. Insurers are increasingly turning to data-driven solutions that can uncover patterns and risk indicators that manual review processes might miss.

Carpe Data's platform addresses this challenge by analyzing alternative data sources to help insurers identify potentially fraudulent claims earlier in the process. The company's technology evaluates digital footprints and behavioral signals that can flag inconsistencies or red flags before significant claim payments are made.

Read the full article at Professional Security Magazine.