NICB Projects 49% Rise in Insurance Fraud Linked to Identity Theft in 2025

The use of identity theft in insurance crime is expected to rise 49% by the end of 2025.

Synthetic identity fraud resulted in more than $47 billion in losses in 2024.

An analysis of thousands of questionable insurance claims from 2022 through June 30, 2025, showed a significant year-over-year increase in claims involving identity theft.

Nearly a quarter of insurance claims processed with identity theft as a reason for referral to NICB involved a synthetically generated identity.