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…