Insurance fraud continues to pose a major financial and operational threat to insurers and policyholders, with global losses running into billions annually. Traditional fraud detection methods—manual reviews and rules-based systems—are limited by scalability, speed, and accuracy. The whitepaper highlights how AI, especially generative AI, transforms fraud detection through capabilities like real-time anomaly detection, deepfake analysis, and synthetic data creation. Advanced tools from SAS, FICO, LexisNexis, and Experian enable faster claims processing, better risk assessment, and regulatory compliance. AI’s predictive insights, automation, and adaptability make it essential for fraud prevention in to

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