RPA in Insurance - Global Strategic Business Report

The global market for RPA in Insurance was valued at US$203.4 Million in 2024 and is projected to reach US$786.2 Million by 2030, growing at a CAGR of 25.3% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the RPA in Insurance market.

Global “RPA in Insurance” Market - Key Trends & Drivers Summarized

Why Is RPA Revolutionizing Operational Efficiency in the Insurance Sector?

Robotic Process Automation (RPA) is fundamentally transforming the insurance industry by automating repetitive, rule-based tasks across policy servicing, claims processing, underwriting, customer onboarding, and compliance. With increasing customer expectations and mounting cost pressures, insurers are adopting RPA to enhance accuracy, reduce cycle times, and drive productivity across back-office and customer-facing operations. By deploying software bots that mimic human actions across digital systems, insurers can automate tasks such as data extraction, form validation, premium calculations, and policy issuance without overhauling their legacy IT infrastructure. The benefits of reduced human error, faster processing, and 24/7 operability are making RPA a strategic enabler of digital transformation. Insurers are also using RPA to bridge data silos across multiple systems and streamline regulatory reporting processes. As customer journeys move to omnichannel platforms, RPA supports real-time updates and faster response handling across call centers, web portals, and mobile apps. Early adopters are reporting double-digit improvements in operational KPIs and customer satisfaction, setting benchmarks for the rest of the industry.

How Is Intelligent Automation Elevating the Value Proposition of RPA?

The insurance sector is increasingly evolving from basic RPA to intelligent automation, integrating artificial intelligence (AI), natural language processing (NLP), and machine learning (ML) with rule-based bots to expand the scope and complexity of automated tasks. AI-enhanced RPA systems can now understand context, interpret unstructured documents, and make rule-based decisions in underwriting and fraud detection. For instance, insurers are automating the analysis of medical records, claim narratives, and customer emails using NLP-enabled bots. ML-driven bots can also learn from user behavior and historical data to continuously optimize workflows and flag anomalies in real time. Computer vision is being deployed to assess damage in claims photos and validate documentation, reducing the need for human adjusters. The shift to hyperautomation is enabling insurers to automate entire end-to-end processes with minimal intervention, particularly in high-volume, high-compliance functions like policy administration and claims adjudication. These capabilities are positioning RPA as a strategic lever in achieving straight-through processing, reducing turnaround times, and delivering hyper-personalized customer service.

Which Insurance Segments Are Leading in RPA Adoption?

Life, health, property & casualty (P&C), and auto insurance segments are all investing in RPA, though use cases and maturity levels vary. P&C insurers are leveraging RPA for first notice of loss (FNOL) processing, document handling, and claims validation. Life insurers are using RPA to streamline application processing, underwriting approvals, and policy maintenance. Health insurers are automating provider credentialing, claim adjudication, and regulatory compliance tasks, especially under evolving mandates such as ICD-10, HIPAA, and value-based care models. Auto insurers are applying RPA in fraud detection, VIN verification, and fleet policy management. Large insurers are building RPA centers of excellence (CoEs) and partnering with technology providers to scale their automation roadmaps. Meanwhile, insurtech startups are embedding RPA into cloud-native platforms to create nimble, digitally born insurance operations. Regulatory bodies are also embracing RPA for audit trail transparency and faster turnaround on compliance queries. Across all segments, RPA adoption is increasingly aligned with business continuity planning, cybersecurity enhancement, and customer experience transformation.

The Growth in the RPA in Insurance Market Is Driven by Several Factors

The rapid growth of the RPA in insurance market is being fueled by converging industry dynamics. Insurers are under growing pressure to reduce operational costs, improve agility, and elevate customer service standards in an increasingly digital-first marketplace. Legacy system limitations and fragmented workflows are driving insurers to adopt non-invasive RPA tools that offer quick wins without massive IT overhauls. The rising complexity of regulatory compliance, especially in multi-jurisdictional operations, is encouraging the deployment of bots for standardized, auditable processes. Increased competition from insurtechs and digital-native players is pushing traditional insurers to accelerate automation initiatives. Advances in cloud computing, low-code RPA platforms, and intelligent document processing (IDP) are lowering the barrier to entry and expanding implementation across mid-sized insurers. Additionally, the COVID-19 pandemic catalyzed enterprise-wide automation as a business continuity strategy, reinforcing long-term investments in RPA. As insurers aim to scale automation beyond pilots, the demand for intelligent, scalable RPA solutions integrated with analytics and AI is expected to surge. Together, these factors are positioning RPA as a foundational element in the future of agile, resilient, and customer-centric insurance operations.

Report Scope

The report analyzes the RPA in Insurance market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments: Component (Solutions, Services); Deployment (On-Premise, Cloud); Organization Size (Large Enterprises, SMEs); Application (Claims Processing, Insurance Underwriting, Regulatory Compliance, Finance & Accounts, Other Applications).

Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Solutions Component segment, which is expected to reach US$438.1 Million by 2030 with a CAGR of a 22.3%. The Services Component segment is also set to grow at 29.8% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $55.4 Million in 2024, and China, forecasted to grow at an impressive 33.0% CAGR to reach $188.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global RPA in Insurance Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global RPA in Insurance Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global RPA in Insurance Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Accenture, akaBot, Automation Anywhere, Blue Prism, Cognizant and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 34 companies featured in this RPA in Insurance market report include:

• Accenture
• akaBot
• Automation Anywhere
• Blue Prism
• Cognizant
• Datamatics
• EdgeVerve Systems
• Infosys
• Kofax (Tungsten Automation)
• N-iX
• Pegasystems
• qBotica
• Robocorp
• SS&C Technologies
• Syndell Tech
• UiPath
• Velocity IT
• Wipro
• WorkFusion
• XenonStack

Tariff Impact Analysis: Key Insights for 2025

Global tariff negotiations across 180+ countries are reshaping supply chains, costs, and competitiveness. This report reflects the latest developments as of April 2025 and incorporates forward-looking insights into the market outlook.

The analysts continuously track trade developments worldwide, drawing insights from leading global economists and over 200 industry and policy institutions, including think tanks, trade organizations, and national economic advisory bodies. This intelligence is integrated into forecasting models to provide timely, data-driven analysis of emerging risks and opportunities.

What's Included in This Edition:

• Tariff-adjusted market forecasts by region and segment
• Analysis of cost and supply chain implications by sourcing and trade exposure
• Strategic insights into geographic shifts

Buyers receive a free July 2025 update with:

• Finalized tariff impacts and new trade agreement effects
• Updated projections reflecting global sourcing and cost shifts
• Expanded country-specific coverage across the industry