Conning Releases 2025 Workers’ Comp Study: Using Data & AI to Fight Workers’ Compensation Insurance Fraud
A new report from Conning, 2025 Workers’ Comp Study: Using Data & AI to Fight Workers’ Compensation Insurance Fraud, provides an in-depth analysis of the evolving landscape of workers’ compensation insurance fraud. The report focuses on how insurers are leveraging data and artificial intelligence (AI) to proactively identify and combat fraudulent activities that have become increasingly sophisticated.
“Workers’ compensation fraud is a significant issue, with estimates suggesting it costs insurers between $35 to $44 billion annually,” said Jay Sarzen, a Director at Conning. “Emerging fraud-fighting techniques centered on data and analytics can enable insurers to identify fraud in real-time, allowing investigators to act more quickly and accurately. This proactive approach is essential for maintaining stability and driving sustainable growth in the workers’ compensation market.”
Sarzen added, “The integration of AI and advanced data analytics into fraud detection processes is a game-changer for the industry. These tools not only help in identifying fraudulent claims but also in preventing them from occurring in the first place. Insurers that adopt these technologies will be better positioned to protect their bottom line.”
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Beyond identifying these risks, the study emphasizes the need for insurers to adopt a forward-thinking approach. The workers’ compensation sector is no longer just reacting to change — it is actively shaping the future of risk management.
Conning is a leading investment management firm with a long history of serving the insurance industry. Conning supports institutional investors, including insurers and pension plans, with investment solutions, risk modeling software, and industry research. Founded in 1912, Conning has investment centers in Asia, Europe and North America. Conning is part of the Generali Group.
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