Artificial Intelligence (AI) spend in insurance industry in Canada has increased at 93.7% during 2018 to reach US$ 54.9 million. Over the forecast period (2019-2025), spend on AI is expected to record a CAGR of 33.9%, increasing from US$ 91.6 million in 2019 to reach US$ 706.3 million by 2025.
This business intelligence report aims to analyze market opportunities and risks in adoption of artificial intelligence (AI) in insurance industry in Canada. This is a data centric report, consisting of 23 charts and 15 tables, providing detailed understanding of market dynamics through 15+ KPIs for the country. This report covers country level AI market size / spending forecast (2016-2025) by applications across banking and finance industry’s value chain, AI technology domains, and technology.
Report Scope
Reason to Buy
This research report provides in-depth analysis, covering market opportunities and risks in Canada for 10 years (2016-2025). Below is the taxonomy covering detailed scope of coverage.
AI Market Size / Spending by Application in Insurance Industry, 2016-2025
AI Market Size / Spending by Artificial Intelligence Domains in Insurance Industry, 2016-2025
AI Market Size / Spending by Technology Development in Insurance Industry, 2016-2025
This business intelligence report aims to analyze market opportunities and risks in adoption of artificial intelligence (AI) in insurance industry in Canada. This is a data centric report, consisting of 23 charts and 15 tables, providing detailed understanding of market dynamics through 15+ KPIs for the country. This report covers country level AI market size / spending forecast (2016-2025) by applications across banking and finance industry’s value chain, AI technology domains, and technology.
Report Scope
- How big is the opportunity for artificial intelligence based products and services in insurance industry?
- How much are leading players in insurance industry investing in AI based initiatives?
- Which application areas are underserved in insurance industry and should be targeted to maximize ROI?
Reason to Buy
This research report provides in-depth analysis, covering market opportunities and risks in Canada for 10 years (2016-2025). Below is the taxonomy covering detailed scope of coverage.
AI Market Size / Spending by Application in Insurance Industry, 2016-2025
- Claims Processing
- Risk Management and Compliance
- Risk Capital & Investment Management
- Operational Efficiency and Automation
- Pricing, Underwriting, and Personalization
- Chatbots
AI Market Size / Spending by Artificial Intelligence Domains in Insurance Industry, 2016-2025
- Machine Learning and Deep Learning
- Natural Language Processing (NLP)
- Robotics and Expert Systems
- Machine Vision & Hearing
AI Market Size / Spending by Technology Development in Insurance Industry, 2016-2025
- Application and Platforms
- Services
- Hardware
Table of Contents
1 About this Report
2 Canada Artificial Intelligence Dynamics and Growth Prospects
3 Artificial Intelligence Spending Analysis in Insurance Industry in Canada
