Unlock What Growth Artificial Intelligence (AI) in Insurance Market May See in Future; Participants Still Eyeing Growth in Market

Artificial Intelligence (AI) in Insurance Market Latest Edition Published with Forecast to 2028
  • Jul 6, 2023
  • Neha Majukar
  • Financials
  • AMA Research
The article cited AMA's Global Artificial Intelligence (AI) in Insurance Market Study explored substantial growth with CAGR of %. According the report, Increasing Number of Cross-Industry Collaborations is one of the primary growth factors for the market. Insurance Sector is Embracing New Technologies to Address Some of its Major Customer Pain Points is also expected to contribute significantly to the Artificial Intelligence (AI) in Insurance market. Overall, Health Insurance applications of Artificial Intelligence (AI) in Insurance, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The presence of players such as Liberty mutual insurance (United States), CCC Intelligent Solutions (United States), Insurify (United States), Clearcover (United States), Bold Penguin (United States), Lemonade insurance (United States), Snapsheet (United States), CAPE Analytics (United States), Hi Marley (United States), Gradient AI (United States), Yembo (United States), Nayya (United States), ZestFinance (United States), Flyreel (United States), INSHUR (United States) and Afiniti (United States) may see astonishing sales in this Market and certainly improve revenue growth.


The , such as , is boosting the Artificial Intelligence (AI) in Insurance market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.


AMA’s Analyst on the Global Artificial Intelligence (AI) in Insurance market identified that the demand is rising in many different parts of the world as "Growth in Artificial Intelligence in Insurance Industry ". Furthermore, some recent industry insights like "On 1st June 2022, the technology has transformed the personal insurance business through digital upstarts like Esurance, Lemonade and Oscar Health, commercial insurance is far more complicated and had been resistant to change. Until now. One such company changing the commercial insurance industry is Corvus Insurance. Founded in 2017 by insurance veteran and entrepreneur, Phil Edmundson, the Boston-based company positions itself as applying AI techniques and data to provide smarter commercial insurance policies for companies of all sizes." is constantly making the industry dynamic. One of the challenges that industry facing is "‘Skills and talent’ in the field of AI is the main barrier for AI transformation in their business"

The report provides an in-depth analysis and forecast about the industry covering the following key features:

• Detailed Overview of Artificial Intelligence (AI) in Insurance market will help deliver clients and businesses making strategies.
• Influencing factors that thriving demand and latest trend running in the market
• What is the market concentration? Is it fragmented or highly concentrated?
• What trends, challenges and barriers will impact the development and sizing of Artificial Intelligence (AI) in Insurance market
• SWOT Analysis of profiled players and Porter's five forces & PEST Analysis for deep insights.
• What growth momentum or downgrade market may carry during the forecast period?
• Which region may tap highest market share in coming era?
• What focused approach and constraints are holding the Artificial Intelligence (AI) in Insurance market tight?
• Which application/end-user category or Product Type [] may seek incremental growth prospects?
• What would be the market share of key countries like Germany, USA, France, China etc.?

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Artificial Intelligence (AI) in Insurance market and other related sub-markets covered in the study.

o Key & emerging players in the Artificial Intelligence (AI) in Insurance market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall Artificial Intelligence (AI) in Insurance market size is calculated using market estimation process, the Artificial Intelligence (AI) in Insurance market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Artificial Intelligence (AI) in Insurance market size has been validated using both top-down and bottom-up approaches.

Praveen Kumar

Head & Director of Sales