The global insurance fraud detection market is expected to reach $10 billion by 2025, growing at a compound annual growth rate of 26.6%. Insurance fraud occurs when an insurance company, agent, adjuster, or consumer commits fraud to obtain an unlawful gain. It imposes costs on insurance companies and harms customers, the economy, and society. The market is segmented by component, organization size, and region. Key players operating in the market include IBM, FICO, SAP, PayPal, BAE Systems, RELX, Fiserv, Software AG, ACI Worldwide, and TransUnion.