Top 10 Insurance Fraud Detection Companies in Singapore | Manufacturers and Suppliers 2025

This growth is primarily fueled by increasing incidences of fraudulent claims, rising insurance penetration, and the growing need for regulatory compliance. Furthermore, the integration of advanced technologies such as artificial intelligence (AI), machine learning (ML), and predictive analytics is transforming the way insurers detect, investigate, and prevent fraud. 

This report emphasises the Top 10 Insurance Fraud Detection Companies in Singapore, as acknowledged through widespread analysis conducted by the 6Wresearch internal database. Directed by in-depth market evaluation and industry experts, these leading companies have been known as the primary leaders driving growth and innovation in the Singapore Insurance Fraud Detection Industry.

List of Leading Companies in the Singapore Insurance Fraud Detection Market

Below is a comprehensive list of the leading market players driving growth in this sector:

1. IBM Corporation

IBM’s fraud detection platforms use cognitive computing and AI to support real-time fraud monitoring and investigation, enabling Singapore insurers to reduce risk and loss ratios.

2. DataRobot

DataRobot offers AI platforms that empower insurers to build custom fraud models, predict fraudulent claims, and accelerate claims processing with reduced error margins.

3. FICO (Fair Isaac Corporation)

FICO provides advanced analytics software used by insurers in Singapore for detecting suspicious patterns and automating claim reviews through machine learning.

4. SAS Institute Inc.

SAS offers industry-specific analytics solutions, including powerful fraud detection tools tailored for insurers in Singapore, focusing on early fraud identification and claims risk scoring.

5. Shift Technology

Shift Technology specialises in AI-driven fraud detection specifically for insurance markets, offering Singapore-based insurers enhanced accuracy and operational efficiency.

6. BAE Systems Applied Intelligence

BAE Systems delivers fraud prevention and detection platforms that support regulatory compliance and counter-insurance fraud through real-time alerts and case management.

7. FRISS

FRISS provides real-time, data-driven fraud detection software tailored to insurers, enabling better claim accuracy, risk mitigation, and trust-building in the Singapore market.

8. Aureus Analytics

Aureus Analytics is a Singapore-based insurtech firm offering predictive analytics and AI-based tools to insurers, focusing on fraud detection and customer intelligence.

9. Experian

Experian’s fraud analytics solutions help insurers assess risk, identify anomalies, and validate customer data in real-time to combat fraud in underwriting and claims processes.

10. NICE Actimize

NICE Actimize provides robust financial crime and fraud management platforms to insurance providers, helping them maintain regulatory compliance and reduce losses.

Frequently Asked Questions About the Market Study (FAQs):