Ai In Auto Insurance Market Scope And Analysis

AI in Auto Insurance Market Report Scope

Application Market Insight

The global AI in auto insurance market has been segmented on the basis of application into claims assessment, policy pricing, and chatbots. High penetration of internet capabilities has resulted into the development of advanced technologies to save both time and cost of the parties.

AI inside the Insurance industry has overtaken the traditional claims management process by making it quicker and better with minimal errors. The new claims management process supports insurers to achieve far better claims management by optimizing technology in the best manner. The innovative claims assessment process facilitates real-time question & answer service for first notice, pre-assess claims while automating damage evaluation process, predicting the patterns of claim volume, automating claims fraud detection with the help of rich data analytics, and augmenting loss analysis. Adoption of AI and machine learning in the claim management process has the potential to benefit both insurer and insurance company to significant save processing cost and time with a remarkable increase in service quality.

Global AI in Auto Insurance Segments:

AI in Auto Insurance Market – By Offerings

• Usage Based Insurance
• On-Demand Insurance
• Peer-to-peer Insurance

AI in Auto Insurance Market – By Application

• Claims Assessment
• Chatbots
• Policy Pricing

AI in Auto Insurance Market – By Geography

• North America

  • U.S.
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • Spain
  • UK
  • Rest of Europe

• Asia Pacific (APAC)

  • Australia
  • China
  • India
  • Japan
  • Rest of APAC

• Middle East & Africa (MEA)

  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Rest of SAM

Companies

• Ant Financial Services Group Co., Ltd.
• CCC Information Services Inc.
• Claim Genius Inc.
• Clearcover, Inc.
• Microsoft Corporation
• GEICO
• ICICI Lombard General Insurance Company Limited.
• Nauto, Inc.
• Solaria Labs (Liberty Mutual Insurance)
• The Progressive Corporation