![Insurance fraud costs an estimated £3 billion per year – but only around a third of that is detected.](https://blogs.sas.com/content/hiddeninsights/files/2022/08/markus-spiske-hvSr_CVecVI-unsplash.jpg)
Anyone in the insurance industry knows that fraudsters are becoming more sophisticated and their crimes more difficult to identify. Insurance fraud in the UK costs an estimated £3 billion per year – but only around a third of that is detected. Whilst opportunistic fraud poses a problem to the industry and