The Insurance Fraud Playbook: Stop Losses Before They Hit
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Overview

Identity fraud losses hit $27.2 billion in 2024—a 19% jump in a single year—and soft fraud now accounts for 60% of P&C fraud incidents, with detection rates as low as 20%. By the time a claim is filed or a payment fails, the money is already gone.

Leading carriers are flipping the model and catching fraud before it enters the workflow with a 3-step playbook:

• Verify identity upfront to stop synthetic fraud before policies are issued
• Monitor risk continuously with network intelligence across 12,000+ institutions
• Validate claims against real transaction data to shut down soft fraud at FNOL

See how carriers are catching 47% more fraud—without adding friction for legitimate customers.