Artificial Intelligence In Insurance Market Scope And Analysis

  • Report Code : TIPRE00010645
  • Category : Technology, Media and Telecommunications
  • No. of Pages : 150
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Artificial Intelligence (AI) in Insurance Market Scope - 2031

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Artificial Intelligence (AI) in Insurance Market Report Artificial Intelligence (AI) in Insurance Market Size and Share Artificial Intelligence (AI) in Insurance Market Scope and Analysis

Artificial Intelligence (AI) in Insurance Market Report Scope

Report Attribute Details
Market size in 2024 US$ XX million
Market Size by 2031 US$ XX Million
Global CAGR (2025 - 2031) 32.7%
Historical Data 2021-2023
Forecast period 2025-2031
Segments Covered By Component
  • Software
  • Service
By Technology
  • Machine Learning and Deep Learning
  • Natural Language Processing
  • Machine Vision
  • Robotic Automation
By Deployment
  • Cloud
  • On-Premise
By Application
  • Claims Management
  • Risk Management and Compliance
  • Chatbots
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Amazon Web Services Inc
  • Avaamo
  • Cape Analytics LLC
  • IBM Corp
  • Microsoft Corp
  • Shift Technology
  • Wipro Limited
  • Avenga International GmbH
  • SAS Institute Inc
  • OpenText Corporation
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    Artificial Intelligence (AI) in Insurance Market News and Recent Developments

    Artificial intelligence (AI) in insurance market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in artificial intelligence (AI) in the insurance market are listed below:

    • Swiss Re launches an augmented version of its Life & Health underwriting manual Life Guide. The new version comes equipped with Swiss Re Life Guide Scout, a Generative AI-powered underwriting assistant developed by Swiss Re, that integrates Microsoft Azure OpenAI Service. Life & Health insurance underwriting is a complex process that requires accurate and up-to-date information to assess an insurance applicant's risk. Swiss Re Life Guide Scout aims to help increase the efficiency and quality of underwriting by generating swift answers compiled from curated expert knowledge in response to questions asked by the underwriter in natural language. (Source: Swiss Re, Company Website, May 2024)

    Artificial Intelligence (AI) in Insurance Market Report Coverage and Deliverables

    The “Artificial Intelligence (AI) in Insurance Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

    • Artificial intelligence (AI) in insurance market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
    • Artificial intelligence (AI) in insurance market trends as well as market dynamics such as drivers, restraints, and key opportunities
    • Detailed PEST/Porter’s Five Forces and SWOT analysis
    • Artificial intelligence (AI) in insurance market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
    • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for artificial intelligence (AI) in the insurance market
    • Detailed company profiles