AI in Insurance Comprehensive Study by Application (Claims Processing, Personalized Recommendation, Risk Management and Compliance, Chatbots, Others), Deployment Mode (On-Cloud, On-Premise), Technology (Deep Learning, Machine Vision, Natural Language Processing (NLP), Robotic Automation.), Sector (Life Insurance, Title Insurance, Auto Insurance, Health Insurance, Others), Component (Hardware, Software, Services) Players and Region - Global Market Outlook to 2028

AI in Insurance Market by XX Submarkets | Forecast Years 2023-2028  

  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
Industry Background:
The use of AI has increased exponentially across all industries over the past several years. The rise inaccessible data increased computing capabilities, and changing consumer expectations has led to a strong acceleration of AI development. The wealth of data we now create is astonishing, and the speed at which data is generated has only made data management tools like AI even more important. AI has the potential to affect the insurance industry in multiple ways. It is currently being used in claims processing, underwriting, fraud detection, and customer service. AI enables car insurance companies to efficiently offer services to its customers that are looking for faster payouts, faster services, and customized policy prices.

AttributesDetails
Study Period2018-2028
Base Year2022
High Growth MarketAsia Pacific
UnitValue (USD Million)
Key Companies ProfiledMicrosoft Corporation (United States), IBM Corporation (United States), Amazon Web Services Inc. (United States), Avaamo Inc (United States), Wipro Limited (India), Cape Analytics LLC (United States), ZhongAn (China), Shift Technology (France), Acko General Insurance (India) and BIMA (United Kingdom


This growth is primarily driven by High Adoption due to AI Interfaces Allow Better Customer Onboarding and Behavioral Premium Pricing.

Globally, a noticeable market trend is evident AI Settles Claims Faster While Decreasing Fraud The Business Services sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Microsoft Corporation (United States), IBM Corporation (United States), Amazon Web Services Inc. (United States), Avaamo Inc (United States), Wipro Limited (India), Cape Analytics LLC (United States), ZhongAn (China), Shift Technology (France), Acko General Insurance (India) and BIMA (United Kingdom, etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. AI in Insurance market companies operating in these industries is focusing more on efficient growth, improvement of operational efficiency and productivity, achieving high safety standards, and focusing on maintaining sustainable development. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge.

Key Developments in the Market:
On 12th March 2020, Swiss Re and Microsoft Corp. announced today a strategic alliance to further advance insurance innovation and extend financial protection to more people globally. The centerpiece of the strategic alliance is the launch of Swiss Re’s Digital Market Center, which will help develop next-generation large-scale tools to transform the way the insurance industry predicts and manages risks, as well as how the industry creates tangible products based on Swiss Re’s risk knowledge.
On 11th June 2019, IBM has announced the first recipients and list of global women leaders and pioneers in AI for business. The list recognizes and celebrates women across a variety of industries and geographies for pioneering the use of AI to advance their companies in areas such as innovation, growth, and transformation.

Influencing Trend:
AI Settles Claims Faster While Decreasing Fraud and Rising Demand for Automobile Sector

Market Growth Drivers:
High Adoption due to AI Interfaces Allow Better Customer Onboarding and Behavioral Premium Pricing

Restraints:
The Rising Data Privacy Concerns

Opportunities:
Technological Innovations associated with Artificial Intelligence in Insurance

AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.

Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in AI in Insurance Market
- Analysis about New Entrants in AI in Insurance Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators

Against this Challenging Backdrop, AI in Insurance Study Sheds Light on
— The AI in Insurance Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the AI in Insurance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where AI in Insurance industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.

Report Objectives / Segmentation Covered

By Application
  • Claims Processing
  • Personalized Recommendation
  • Risk Management and Compliance
  • Chatbots
  • Others
By Deployment Mode
  • On-Cloud
  • On-Premise

By Technology
  • Deep Learning
  • Machine Vision
  • Natural Language Processing (NLP)
  • Robotic Automation.

By Sector
  • Life Insurance
  • Title Insurance
  • Auto Insurance
  • Health Insurance
  • Others

By Component
  • Hardware
  • Software
  • Services

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. High Adoption due to AI Interfaces Allow Better Customer Onboarding
      • 3.2.2. Behavioral Premium Pricing
    • 3.3. Market Trends
      • 3.3.1. AI Settles Claims Faster While Decreasing Fraud
      • 3.3.2. Rising Demand for Automobile Sector
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global AI in Insurance, by Application, Deployment Mode, Technology, Sector, Component and Region (value and price ) (2017-2022)
    • 5.1. Introduction
    • 5.2. Global AI in Insurance (Value)
      • 5.2.1. Global AI in Insurance by: Application (Value)
        • 5.2.1.1. Claims Processing
        • 5.2.1.2. Personalized Recommendation
        • 5.2.1.3. Risk Management and Compliance
        • 5.2.1.4. Chatbots
        • 5.2.1.5. Others
      • 5.2.2. Global AI in Insurance by: Deployment Mode (Value)
        • 5.2.2.1. On-Cloud
        • 5.2.2.2. On-Premise
      • 5.2.3. Global AI in Insurance by: Technology (Value)
        • 5.2.3.1. Deep Learning
        • 5.2.3.2. Machine Vision
        • 5.2.3.3. Natural Language Processing (NLP)
        • 5.2.3.4. Robotic Automation.
      • 5.2.4. Global AI in Insurance by: Sector (Value)
        • 5.2.4.1. Life Insurance
        • 5.2.4.2. Title Insurance
        • 5.2.4.3. Auto Insurance
        • 5.2.4.4. Health Insurance
        • 5.2.4.5. Others
      • 5.2.5. Global AI in Insurance by: Component (Value)
        • 5.2.5.1. Hardware
        • 5.2.5.2. Software
        • 5.2.5.3. Services
      • 5.2.6. Global AI in Insurance Region
        • 5.2.6.1. South America
          • 5.2.6.1.1. Brazil
          • 5.2.6.1.2. Argentina
          • 5.2.6.1.3. Rest of South America
        • 5.2.6.2. Asia Pacific
          • 5.2.6.2.1. China
          • 5.2.6.2.2. Japan
          • 5.2.6.2.3. India
          • 5.2.6.2.4. South Korea
          • 5.2.6.2.5. Taiwan
          • 5.2.6.2.6. Australia
          • 5.2.6.2.7. Rest of Asia-Pacific
        • 5.2.6.3. Europe
          • 5.2.6.3.1. Germany
          • 5.2.6.3.2. France
          • 5.2.6.3.3. Italy
          • 5.2.6.3.4. United Kingdom
          • 5.2.6.3.5. Netherlands
          • 5.2.6.3.6. Rest of Europe
        • 5.2.6.4. MEA
          • 5.2.6.4.1. Middle East
          • 5.2.6.4.2. Africa
        • 5.2.6.5. North America
          • 5.2.6.5.1. United States
          • 5.2.6.5.2. Canada
          • 5.2.6.5.3. Mexico
    • 5.3. Global AI in Insurance (Price)
  • 6. AI in Insurance: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2022)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Microsoft Corporation (United States)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. IBM Corporation (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Amazon Web Services Inc. (United States)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Avaamo Inc (United States)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Wipro Limited (India)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Cape Analytics LLC (United States)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. ZhongAn (China)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Shift Technology (France)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Acko General Insurance (India)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. BIMA (United Kingdom
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global AI in Insurance Sale, by Application, Deployment Mode, Technology, Sector, Component and Region (value and price ) (2023-2028)
    • 7.1. Introduction
    • 7.2. Global AI in Insurance (Value)
      • 7.2.1. Global AI in Insurance by: Application (Value)
        • 7.2.1.1. Claims Processing
        • 7.2.1.2. Personalized Recommendation
        • 7.2.1.3. Risk Management and Compliance
        • 7.2.1.4. Chatbots
        • 7.2.1.5. Others
      • 7.2.2. Global AI in Insurance by: Deployment Mode (Value)
        • 7.2.2.1. On-Cloud
        • 7.2.2.2. On-Premise
      • 7.2.3. Global AI in Insurance by: Technology (Value)
        • 7.2.3.1. Deep Learning
        • 7.2.3.2. Machine Vision
        • 7.2.3.3. Natural Language Processing (NLP)
        • 7.2.3.4. Robotic Automation.
      • 7.2.4. Global AI in Insurance by: Sector (Value)
        • 7.2.4.1. Life Insurance
        • 7.2.4.2. Title Insurance
        • 7.2.4.3. Auto Insurance
        • 7.2.4.4. Health Insurance
        • 7.2.4.5. Others
      • 7.2.5. Global AI in Insurance by: Component (Value)
        • 7.2.5.1. Hardware
        • 7.2.5.2. Software
        • 7.2.5.3. Services
      • 7.2.6. Global AI in Insurance Region
        • 7.2.6.1. South America
          • 7.2.6.1.1. Brazil
          • 7.2.6.1.2. Argentina
          • 7.2.6.1.3. Rest of South America
        • 7.2.6.2. Asia Pacific
          • 7.2.6.2.1. China
          • 7.2.6.2.2. Japan
          • 7.2.6.2.3. India
          • 7.2.6.2.4. South Korea
          • 7.2.6.2.5. Taiwan
          • 7.2.6.2.6. Australia
          • 7.2.6.2.7. Rest of Asia-Pacific
        • 7.2.6.3. Europe
          • 7.2.6.3.1. Germany
          • 7.2.6.3.2. France
          • 7.2.6.3.3. Italy
          • 7.2.6.3.4. United Kingdom
          • 7.2.6.3.5. Netherlands
          • 7.2.6.3.6. Rest of Europe
        • 7.2.6.4. MEA
          • 7.2.6.4.1. Middle East
          • 7.2.6.4.2. Africa
        • 7.2.6.5. North America
          • 7.2.6.5.1. United States
          • 7.2.6.5.2. Canada
          • 7.2.6.5.3. Mexico
    • 7.3. Global AI in Insurance (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. AI in Insurance: by Application(USD Million)
  • Table 2. AI in Insurance Claims Processing , by Region USD Million (2017-2022)
  • Table 3. AI in Insurance Personalized Recommendation , by Region USD Million (2017-2022)
  • Table 4. AI in Insurance Risk Management and Compliance , by Region USD Million (2017-2022)
  • Table 5. AI in Insurance Chatbots , by Region USD Million (2017-2022)
  • Table 6. AI in Insurance Others , by Region USD Million (2017-2022)
  • Table 7. AI in Insurance: by Deployment Mode(USD Million)
  • Table 8. AI in Insurance On-Cloud , by Region USD Million (2017-2022)
  • Table 9. AI in Insurance On-Premise , by Region USD Million (2017-2022)
  • Table 10. AI in Insurance: by Technology(USD Million)
  • Table 11. AI in Insurance Deep Learning , by Region USD Million (2017-2022)
  • Table 12. AI in Insurance Machine Vision , by Region USD Million (2017-2022)
  • Table 13. AI in Insurance Natural Language Processing (NLP) , by Region USD Million (2017-2022)
  • Table 14. AI in Insurance Robotic Automation. , by Region USD Million (2017-2022)
  • Table 15. AI in Insurance: by Sector(USD Million)
  • Table 16. AI in Insurance Life Insurance , by Region USD Million (2017-2022)
  • Table 17. AI in Insurance Title Insurance , by Region USD Million (2017-2022)
  • Table 18. AI in Insurance Auto Insurance , by Region USD Million (2017-2022)
  • Table 19. AI in Insurance Health Insurance , by Region USD Million (2017-2022)
  • Table 20. AI in Insurance Others , by Region USD Million (2017-2022)
  • Table 21. AI in Insurance: by Component(USD Million)
  • Table 22. AI in Insurance Hardware , by Region USD Million (2017-2022)
  • Table 23. AI in Insurance Software , by Region USD Million (2017-2022)
  • Table 24. AI in Insurance Services , by Region USD Million (2017-2022)
  • Table 25. South America AI in Insurance, by Country USD Million (2017-2022)
  • Table 26. South America AI in Insurance, by Application USD Million (2017-2022)
  • Table 27. South America AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 28. South America AI in Insurance, by Technology USD Million (2017-2022)
  • Table 29. South America AI in Insurance, by Sector USD Million (2017-2022)
  • Table 30. South America AI in Insurance, by Component USD Million (2017-2022)
  • Table 31. Brazil AI in Insurance, by Application USD Million (2017-2022)
  • Table 32. Brazil AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 33. Brazil AI in Insurance, by Technology USD Million (2017-2022)
  • Table 34. Brazil AI in Insurance, by Sector USD Million (2017-2022)
  • Table 35. Brazil AI in Insurance, by Component USD Million (2017-2022)
  • Table 36. Argentina AI in Insurance, by Application USD Million (2017-2022)
  • Table 37. Argentina AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 38. Argentina AI in Insurance, by Technology USD Million (2017-2022)
  • Table 39. Argentina AI in Insurance, by Sector USD Million (2017-2022)
  • Table 40. Argentina AI in Insurance, by Component USD Million (2017-2022)
  • Table 41. Rest of South America AI in Insurance, by Application USD Million (2017-2022)
  • Table 42. Rest of South America AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 43. Rest of South America AI in Insurance, by Technology USD Million (2017-2022)
  • Table 44. Rest of South America AI in Insurance, by Sector USD Million (2017-2022)
  • Table 45. Rest of South America AI in Insurance, by Component USD Million (2017-2022)
  • Table 46. Asia Pacific AI in Insurance, by Country USD Million (2017-2022)
  • Table 47. Asia Pacific AI in Insurance, by Application USD Million (2017-2022)
  • Table 48. Asia Pacific AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 49. Asia Pacific AI in Insurance, by Technology USD Million (2017-2022)
  • Table 50. Asia Pacific AI in Insurance, by Sector USD Million (2017-2022)
  • Table 51. Asia Pacific AI in Insurance, by Component USD Million (2017-2022)
  • Table 52. China AI in Insurance, by Application USD Million (2017-2022)
  • Table 53. China AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 54. China AI in Insurance, by Technology USD Million (2017-2022)
  • Table 55. China AI in Insurance, by Sector USD Million (2017-2022)
  • Table 56. China AI in Insurance, by Component USD Million (2017-2022)
  • Table 57. Japan AI in Insurance, by Application USD Million (2017-2022)
  • Table 58. Japan AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 59. Japan AI in Insurance, by Technology USD Million (2017-2022)
  • Table 60. Japan AI in Insurance, by Sector USD Million (2017-2022)
  • Table 61. Japan AI in Insurance, by Component USD Million (2017-2022)
  • Table 62. India AI in Insurance, by Application USD Million (2017-2022)
  • Table 63. India AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 64. India AI in Insurance, by Technology USD Million (2017-2022)
  • Table 65. India AI in Insurance, by Sector USD Million (2017-2022)
  • Table 66. India AI in Insurance, by Component USD Million (2017-2022)
  • Table 67. South Korea AI in Insurance, by Application USD Million (2017-2022)
  • Table 68. South Korea AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 69. South Korea AI in Insurance, by Technology USD Million (2017-2022)
  • Table 70. South Korea AI in Insurance, by Sector USD Million (2017-2022)
  • Table 71. South Korea AI in Insurance, by Component USD Million (2017-2022)
  • Table 72. Taiwan AI in Insurance, by Application USD Million (2017-2022)
  • Table 73. Taiwan AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 74. Taiwan AI in Insurance, by Technology USD Million (2017-2022)
  • Table 75. Taiwan AI in Insurance, by Sector USD Million (2017-2022)
  • Table 76. Taiwan AI in Insurance, by Component USD Million (2017-2022)
  • Table 77. Australia AI in Insurance, by Application USD Million (2017-2022)
  • Table 78. Australia AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 79. Australia AI in Insurance, by Technology USD Million (2017-2022)
  • Table 80. Australia AI in Insurance, by Sector USD Million (2017-2022)
  • Table 81. Australia AI in Insurance, by Component USD Million (2017-2022)
  • Table 82. Rest of Asia-Pacific AI in Insurance, by Application USD Million (2017-2022)
  • Table 83. Rest of Asia-Pacific AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 84. Rest of Asia-Pacific AI in Insurance, by Technology USD Million (2017-2022)
  • Table 85. Rest of Asia-Pacific AI in Insurance, by Sector USD Million (2017-2022)
  • Table 86. Rest of Asia-Pacific AI in Insurance, by Component USD Million (2017-2022)
  • Table 87. Europe AI in Insurance, by Country USD Million (2017-2022)
  • Table 88. Europe AI in Insurance, by Application USD Million (2017-2022)
  • Table 89. Europe AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 90. Europe AI in Insurance, by Technology USD Million (2017-2022)
  • Table 91. Europe AI in Insurance, by Sector USD Million (2017-2022)
  • Table 92. Europe AI in Insurance, by Component USD Million (2017-2022)
  • Table 93. Germany AI in Insurance, by Application USD Million (2017-2022)
  • Table 94. Germany AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 95. Germany AI in Insurance, by Technology USD Million (2017-2022)
  • Table 96. Germany AI in Insurance, by Sector USD Million (2017-2022)
  • Table 97. Germany AI in Insurance, by Component USD Million (2017-2022)
  • Table 98. France AI in Insurance, by Application USD Million (2017-2022)
  • Table 99. France AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 100. France AI in Insurance, by Technology USD Million (2017-2022)
  • Table 101. France AI in Insurance, by Sector USD Million (2017-2022)
  • Table 102. France AI in Insurance, by Component USD Million (2017-2022)
  • Table 103. Italy AI in Insurance, by Application USD Million (2017-2022)
  • Table 104. Italy AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 105. Italy AI in Insurance, by Technology USD Million (2017-2022)
  • Table 106. Italy AI in Insurance, by Sector USD Million (2017-2022)
  • Table 107. Italy AI in Insurance, by Component USD Million (2017-2022)
  • Table 108. United Kingdom AI in Insurance, by Application USD Million (2017-2022)
  • Table 109. United Kingdom AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 110. United Kingdom AI in Insurance, by Technology USD Million (2017-2022)
  • Table 111. United Kingdom AI in Insurance, by Sector USD Million (2017-2022)
  • Table 112. United Kingdom AI in Insurance, by Component USD Million (2017-2022)
  • Table 113. Netherlands AI in Insurance, by Application USD Million (2017-2022)
  • Table 114. Netherlands AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 115. Netherlands AI in Insurance, by Technology USD Million (2017-2022)
  • Table 116. Netherlands AI in Insurance, by Sector USD Million (2017-2022)
  • Table 117. Netherlands AI in Insurance, by Component USD Million (2017-2022)
  • Table 118. Rest of Europe AI in Insurance, by Application USD Million (2017-2022)
  • Table 119. Rest of Europe AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 120. Rest of Europe AI in Insurance, by Technology USD Million (2017-2022)
  • Table 121. Rest of Europe AI in Insurance, by Sector USD Million (2017-2022)
  • Table 122. Rest of Europe AI in Insurance, by Component USD Million (2017-2022)
  • Table 123. MEA AI in Insurance, by Country USD Million (2017-2022)
  • Table 124. MEA AI in Insurance, by Application USD Million (2017-2022)
  • Table 125. MEA AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 126. MEA AI in Insurance, by Technology USD Million (2017-2022)
  • Table 127. MEA AI in Insurance, by Sector USD Million (2017-2022)
  • Table 128. MEA AI in Insurance, by Component USD Million (2017-2022)
  • Table 129. Middle East AI in Insurance, by Application USD Million (2017-2022)
  • Table 130. Middle East AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 131. Middle East AI in Insurance, by Technology USD Million (2017-2022)
  • Table 132. Middle East AI in Insurance, by Sector USD Million (2017-2022)
  • Table 133. Middle East AI in Insurance, by Component USD Million (2017-2022)
  • Table 134. Africa AI in Insurance, by Application USD Million (2017-2022)
  • Table 135. Africa AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 136. Africa AI in Insurance, by Technology USD Million (2017-2022)
  • Table 137. Africa AI in Insurance, by Sector USD Million (2017-2022)
  • Table 138. Africa AI in Insurance, by Component USD Million (2017-2022)
  • Table 139. North America AI in Insurance, by Country USD Million (2017-2022)
  • Table 140. North America AI in Insurance, by Application USD Million (2017-2022)
  • Table 141. North America AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 142. North America AI in Insurance, by Technology USD Million (2017-2022)
  • Table 143. North America AI in Insurance, by Sector USD Million (2017-2022)
  • Table 144. North America AI in Insurance, by Component USD Million (2017-2022)
  • Table 145. United States AI in Insurance, by Application USD Million (2017-2022)
  • Table 146. United States AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 147. United States AI in Insurance, by Technology USD Million (2017-2022)
  • Table 148. United States AI in Insurance, by Sector USD Million (2017-2022)
  • Table 149. United States AI in Insurance, by Component USD Million (2017-2022)
  • Table 150. Canada AI in Insurance, by Application USD Million (2017-2022)
  • Table 151. Canada AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 152. Canada AI in Insurance, by Technology USD Million (2017-2022)
  • Table 153. Canada AI in Insurance, by Sector USD Million (2017-2022)
  • Table 154. Canada AI in Insurance, by Component USD Million (2017-2022)
  • Table 155. Mexico AI in Insurance, by Application USD Million (2017-2022)
  • Table 156. Mexico AI in Insurance, by Deployment Mode USD Million (2017-2022)
  • Table 157. Mexico AI in Insurance, by Technology USD Million (2017-2022)
  • Table 158. Mexico AI in Insurance, by Sector USD Million (2017-2022)
  • Table 159. Mexico AI in Insurance, by Component USD Million (2017-2022)
  • Table 160. Company Basic Information, Sales Area and Its Competitors
  • Table 161. Company Basic Information, Sales Area and Its Competitors
  • Table 162. Company Basic Information, Sales Area and Its Competitors
  • Table 163. Company Basic Information, Sales Area and Its Competitors
  • Table 164. Company Basic Information, Sales Area and Its Competitors
  • Table 165. Company Basic Information, Sales Area and Its Competitors
  • Table 166. Company Basic Information, Sales Area and Its Competitors
  • Table 167. Company Basic Information, Sales Area and Its Competitors
  • Table 168. Company Basic Information, Sales Area and Its Competitors
  • Table 169. Company Basic Information, Sales Area and Its Competitors
  • Table 170. AI in Insurance: by Application(USD Million)
  • Table 171. AI in Insurance Claims Processing , by Region USD Million (2023-2028)
  • Table 172. AI in Insurance Personalized Recommendation , by Region USD Million (2023-2028)
  • Table 173. AI in Insurance Risk Management and Compliance , by Region USD Million (2023-2028)
  • Table 174. AI in Insurance Chatbots , by Region USD Million (2023-2028)
  • Table 175. AI in Insurance Others , by Region USD Million (2023-2028)
  • Table 176. AI in Insurance: by Deployment Mode(USD Million)
  • Table 177. AI in Insurance On-Cloud , by Region USD Million (2023-2028)
  • Table 178. AI in Insurance On-Premise , by Region USD Million (2023-2028)
  • Table 179. AI in Insurance: by Technology(USD Million)
  • Table 180. AI in Insurance Deep Learning , by Region USD Million (2023-2028)
  • Table 181. AI in Insurance Machine Vision , by Region USD Million (2023-2028)
  • Table 182. AI in Insurance Natural Language Processing (NLP) , by Region USD Million (2023-2028)
  • Table 183. AI in Insurance Robotic Automation. , by Region USD Million (2023-2028)
  • Table 184. AI in Insurance: by Sector(USD Million)
  • Table 185. AI in Insurance Life Insurance , by Region USD Million (2023-2028)
  • Table 186. AI in Insurance Title Insurance , by Region USD Million (2023-2028)
  • Table 187. AI in Insurance Auto Insurance , by Region USD Million (2023-2028)
  • Table 188. AI in Insurance Health Insurance , by Region USD Million (2023-2028)
  • Table 189. AI in Insurance Others , by Region USD Million (2023-2028)
  • Table 190. AI in Insurance: by Component(USD Million)
  • Table 191. AI in Insurance Hardware , by Region USD Million (2023-2028)
  • Table 192. AI in Insurance Software , by Region USD Million (2023-2028)
  • Table 193. AI in Insurance Services , by Region USD Million (2023-2028)
  • Table 194. South America AI in Insurance, by Country USD Million (2023-2028)
  • Table 195. South America AI in Insurance, by Application USD Million (2023-2028)
  • Table 196. South America AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 197. South America AI in Insurance, by Technology USD Million (2023-2028)
  • Table 198. South America AI in Insurance, by Sector USD Million (2023-2028)
  • Table 199. South America AI in Insurance, by Component USD Million (2023-2028)
  • Table 200. Brazil AI in Insurance, by Application USD Million (2023-2028)
  • Table 201. Brazil AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 202. Brazil AI in Insurance, by Technology USD Million (2023-2028)
  • Table 203. Brazil AI in Insurance, by Sector USD Million (2023-2028)
  • Table 204. Brazil AI in Insurance, by Component USD Million (2023-2028)
  • Table 205. Argentina AI in Insurance, by Application USD Million (2023-2028)
  • Table 206. Argentina AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 207. Argentina AI in Insurance, by Technology USD Million (2023-2028)
  • Table 208. Argentina AI in Insurance, by Sector USD Million (2023-2028)
  • Table 209. Argentina AI in Insurance, by Component USD Million (2023-2028)
  • Table 210. Rest of South America AI in Insurance, by Application USD Million (2023-2028)
  • Table 211. Rest of South America AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 212. Rest of South America AI in Insurance, by Technology USD Million (2023-2028)
  • Table 213. Rest of South America AI in Insurance, by Sector USD Million (2023-2028)
  • Table 214. Rest of South America AI in Insurance, by Component USD Million (2023-2028)
  • Table 215. Asia Pacific AI in Insurance, by Country USD Million (2023-2028)
  • Table 216. Asia Pacific AI in Insurance, by Application USD Million (2023-2028)
  • Table 217. Asia Pacific AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 218. Asia Pacific AI in Insurance, by Technology USD Million (2023-2028)
  • Table 219. Asia Pacific AI in Insurance, by Sector USD Million (2023-2028)
  • Table 220. Asia Pacific AI in Insurance, by Component USD Million (2023-2028)
  • Table 221. China AI in Insurance, by Application USD Million (2023-2028)
  • Table 222. China AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 223. China AI in Insurance, by Technology USD Million (2023-2028)
  • Table 224. China AI in Insurance, by Sector USD Million (2023-2028)
  • Table 225. China AI in Insurance, by Component USD Million (2023-2028)
  • Table 226. Japan AI in Insurance, by Application USD Million (2023-2028)
  • Table 227. Japan AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 228. Japan AI in Insurance, by Technology USD Million (2023-2028)
  • Table 229. Japan AI in Insurance, by Sector USD Million (2023-2028)
  • Table 230. Japan AI in Insurance, by Component USD Million (2023-2028)
  • Table 231. India AI in Insurance, by Application USD Million (2023-2028)
  • Table 232. India AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 233. India AI in Insurance, by Technology USD Million (2023-2028)
  • Table 234. India AI in Insurance, by Sector USD Million (2023-2028)
  • Table 235. India AI in Insurance, by Component USD Million (2023-2028)
  • Table 236. South Korea AI in Insurance, by Application USD Million (2023-2028)
  • Table 237. South Korea AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 238. South Korea AI in Insurance, by Technology USD Million (2023-2028)
  • Table 239. South Korea AI in Insurance, by Sector USD Million (2023-2028)
  • Table 240. South Korea AI in Insurance, by Component USD Million (2023-2028)
  • Table 241. Taiwan AI in Insurance, by Application USD Million (2023-2028)
  • Table 242. Taiwan AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 243. Taiwan AI in Insurance, by Technology USD Million (2023-2028)
  • Table 244. Taiwan AI in Insurance, by Sector USD Million (2023-2028)
  • Table 245. Taiwan AI in Insurance, by Component USD Million (2023-2028)
  • Table 246. Australia AI in Insurance, by Application USD Million (2023-2028)
  • Table 247. Australia AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 248. Australia AI in Insurance, by Technology USD Million (2023-2028)
  • Table 249. Australia AI in Insurance, by Sector USD Million (2023-2028)
  • Table 250. Australia AI in Insurance, by Component USD Million (2023-2028)
  • Table 251. Rest of Asia-Pacific AI in Insurance, by Application USD Million (2023-2028)
  • Table 252. Rest of Asia-Pacific AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 253. Rest of Asia-Pacific AI in Insurance, by Technology USD Million (2023-2028)
  • Table 254. Rest of Asia-Pacific AI in Insurance, by Sector USD Million (2023-2028)
  • Table 255. Rest of Asia-Pacific AI in Insurance, by Component USD Million (2023-2028)
  • Table 256. Europe AI in Insurance, by Country USD Million (2023-2028)
  • Table 257. Europe AI in Insurance, by Application USD Million (2023-2028)
  • Table 258. Europe AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 259. Europe AI in Insurance, by Technology USD Million (2023-2028)
  • Table 260. Europe AI in Insurance, by Sector USD Million (2023-2028)
  • Table 261. Europe AI in Insurance, by Component USD Million (2023-2028)
  • Table 262. Germany AI in Insurance, by Application USD Million (2023-2028)
  • Table 263. Germany AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 264. Germany AI in Insurance, by Technology USD Million (2023-2028)
  • Table 265. Germany AI in Insurance, by Sector USD Million (2023-2028)
  • Table 266. Germany AI in Insurance, by Component USD Million (2023-2028)
  • Table 267. France AI in Insurance, by Application USD Million (2023-2028)
  • Table 268. France AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 269. France AI in Insurance, by Technology USD Million (2023-2028)
  • Table 270. France AI in Insurance, by Sector USD Million (2023-2028)
  • Table 271. France AI in Insurance, by Component USD Million (2023-2028)
  • Table 272. Italy AI in Insurance, by Application USD Million (2023-2028)
  • Table 273. Italy AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 274. Italy AI in Insurance, by Technology USD Million (2023-2028)
  • Table 275. Italy AI in Insurance, by Sector USD Million (2023-2028)
  • Table 276. Italy AI in Insurance, by Component USD Million (2023-2028)
  • Table 277. United Kingdom AI in Insurance, by Application USD Million (2023-2028)
  • Table 278. United Kingdom AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 279. United Kingdom AI in Insurance, by Technology USD Million (2023-2028)
  • Table 280. United Kingdom AI in Insurance, by Sector USD Million (2023-2028)
  • Table 281. United Kingdom AI in Insurance, by Component USD Million (2023-2028)
  • Table 282. Netherlands AI in Insurance, by Application USD Million (2023-2028)
  • Table 283. Netherlands AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 284. Netherlands AI in Insurance, by Technology USD Million (2023-2028)
  • Table 285. Netherlands AI in Insurance, by Sector USD Million (2023-2028)
  • Table 286. Netherlands AI in Insurance, by Component USD Million (2023-2028)
  • Table 287. Rest of Europe AI in Insurance, by Application USD Million (2023-2028)
  • Table 288. Rest of Europe AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 289. Rest of Europe AI in Insurance, by Technology USD Million (2023-2028)
  • Table 290. Rest of Europe AI in Insurance, by Sector USD Million (2023-2028)
  • Table 291. Rest of Europe AI in Insurance, by Component USD Million (2023-2028)
  • Table 292. MEA AI in Insurance, by Country USD Million (2023-2028)
  • Table 293. MEA AI in Insurance, by Application USD Million (2023-2028)
  • Table 294. MEA AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 295. MEA AI in Insurance, by Technology USD Million (2023-2028)
  • Table 296. MEA AI in Insurance, by Sector USD Million (2023-2028)
  • Table 297. MEA AI in Insurance, by Component USD Million (2023-2028)
  • Table 298. Middle East AI in Insurance, by Application USD Million (2023-2028)
  • Table 299. Middle East AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 300. Middle East AI in Insurance, by Technology USD Million (2023-2028)
  • Table 301. Middle East AI in Insurance, by Sector USD Million (2023-2028)
  • Table 302. Middle East AI in Insurance, by Component USD Million (2023-2028)
  • Table 303. Africa AI in Insurance, by Application USD Million (2023-2028)
  • Table 304. Africa AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 305. Africa AI in Insurance, by Technology USD Million (2023-2028)
  • Table 306. Africa AI in Insurance, by Sector USD Million (2023-2028)
  • Table 307. Africa AI in Insurance, by Component USD Million (2023-2028)
  • Table 308. North America AI in Insurance, by Country USD Million (2023-2028)
  • Table 309. North America AI in Insurance, by Application USD Million (2023-2028)
  • Table 310. North America AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 311. North America AI in Insurance, by Technology USD Million (2023-2028)
  • Table 312. North America AI in Insurance, by Sector USD Million (2023-2028)
  • Table 313. North America AI in Insurance, by Component USD Million (2023-2028)
  • Table 314. United States AI in Insurance, by Application USD Million (2023-2028)
  • Table 315. United States AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 316. United States AI in Insurance, by Technology USD Million (2023-2028)
  • Table 317. United States AI in Insurance, by Sector USD Million (2023-2028)
  • Table 318. United States AI in Insurance, by Component USD Million (2023-2028)
  • Table 319. Canada AI in Insurance, by Application USD Million (2023-2028)
  • Table 320. Canada AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 321. Canada AI in Insurance, by Technology USD Million (2023-2028)
  • Table 322. Canada AI in Insurance, by Sector USD Million (2023-2028)
  • Table 323. Canada AI in Insurance, by Component USD Million (2023-2028)
  • Table 324. Mexico AI in Insurance, by Application USD Million (2023-2028)
  • Table 325. Mexico AI in Insurance, by Deployment Mode USD Million (2023-2028)
  • Table 326. Mexico AI in Insurance, by Technology USD Million (2023-2028)
  • Table 327. Mexico AI in Insurance, by Sector USD Million (2023-2028)
  • Table 328. Mexico AI in Insurance, by Component USD Million (2023-2028)
  • Table 329. Research Programs/Design for This Report
  • Table 330. Key Data Information from Secondary Sources
  • Table 331. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global AI in Insurance: by Application USD Million (2017-2022)
  • Figure 5. Global AI in Insurance: by Deployment Mode USD Million (2017-2022)
  • Figure 6. Global AI in Insurance: by Technology USD Million (2017-2022)
  • Figure 7. Global AI in Insurance: by Sector USD Million (2017-2022)
  • Figure 8. Global AI in Insurance: by Component USD Million (2017-2022)
  • Figure 9. South America AI in Insurance Share (%), by Country
  • Figure 10. Asia Pacific AI in Insurance Share (%), by Country
  • Figure 11. Europe AI in Insurance Share (%), by Country
  • Figure 12. MEA AI in Insurance Share (%), by Country
  • Figure 13. North America AI in Insurance Share (%), by Country
  • Figure 14. Global AI in Insurance share by Players 2022 (%)
  • Figure 15. Global AI in Insurance share by Players (Top 3) 2022(%)
  • Figure 16. Global AI in Insurance share by Players (Top 5) 2022(%)
  • Figure 17. BCG Matrix for key Companies
  • Figure 18. Microsoft Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 19. Microsoft Corporation (United States) Revenue: by Geography 2022
  • Figure 20. IBM Corporation (United States) Revenue, Net Income and Gross profit
  • Figure 21. IBM Corporation (United States) Revenue: by Geography 2022
  • Figure 22. Amazon Web Services Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 23. Amazon Web Services Inc. (United States) Revenue: by Geography 2022
  • Figure 24. Avaamo Inc (United States) Revenue, Net Income and Gross profit
  • Figure 25. Avaamo Inc (United States) Revenue: by Geography 2022
  • Figure 26. Wipro Limited (India) Revenue, Net Income and Gross profit
  • Figure 27. Wipro Limited (India) Revenue: by Geography 2022
  • Figure 28. Cape Analytics LLC (United States) Revenue, Net Income and Gross profit
  • Figure 29. Cape Analytics LLC (United States) Revenue: by Geography 2022
  • Figure 30. ZhongAn (China) Revenue, Net Income and Gross profit
  • Figure 31. ZhongAn (China) Revenue: by Geography 2022
  • Figure 32. Shift Technology (France) Revenue, Net Income and Gross profit
  • Figure 33. Shift Technology (France) Revenue: by Geography 2022
  • Figure 34. Acko General Insurance (India) Revenue, Net Income and Gross profit
  • Figure 35. Acko General Insurance (India) Revenue: by Geography 2022
  • Figure 36. BIMA (United Kingdom Revenue, Net Income and Gross profit
  • Figure 37. BIMA (United Kingdom Revenue: by Geography 2022
  • Figure 38. Global AI in Insurance: by Application USD Million (2023-2028)
  • Figure 39. Global AI in Insurance: by Deployment Mode USD Million (2023-2028)
  • Figure 40. Global AI in Insurance: by Technology USD Million (2023-2028)
  • Figure 41. Global AI in Insurance: by Sector USD Million (2023-2028)
  • Figure 42. Global AI in Insurance: by Component USD Million (2023-2028)
  • Figure 43. South America AI in Insurance Share (%), by Country
  • Figure 44. Asia Pacific AI in Insurance Share (%), by Country
  • Figure 45. Europe AI in Insurance Share (%), by Country
  • Figure 46. MEA AI in Insurance Share (%), by Country
  • Figure 47. North America AI in Insurance Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Microsoft Corporation (United States)
  • IBM Corporation (United States)
  • Amazon Web Services Inc. (United States)
  • Avaamo Inc (United States)
  • Wipro Limited (India)
  • Cape Analytics LLC (United States)
  • ZhongAn (China)
  • Shift Technology (France)
  • Acko General Insurance (India)
  • BIMA (United Kingdom
Additional players considered in the study are as follows:
Quantemplate (United States) , Lemonade (United States) , Trov (Japan) , Zurich Insurance Group (Switzerland) , Slice (United States)
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May 2023 233 Pages 97 Tables Base Year: 2022 Coverage: 15+ Companies; 18 Countries

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Frequently Asked Questions (FAQ):

Top performing companies in the Global AI in Insurance market are Microsoft Corporation (United States), IBM Corporation (United States), Amazon Web Services Inc. (United States), Avaamo Inc (United States), Wipro Limited (India), Cape Analytics LLC (United States), ZhongAn (China), Shift Technology (France), Acko General Insurance (India) and BIMA (United Kingdom, to name a few.
North America is dominating the AI in Insurance Market.
"" is seen as one of the major challenges by many Industry Players of AI in Insurance Market
The AI in Insurance market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get complete companies available in our research coverage.
The AI in Insurance market is expected to see a steady growth rate during projected year 2022 to 2028.

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