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AI in Insurance Market 2025-2029- Product Image
AI in Insurance Market 2025-2029- Product Image
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AI in Insurance Market 2025-2029

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    Report

  • 245 Pages
  • July 2025
  • Region: Global
  • TechNavio
  • ID: 6113919
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The AI in insurance market is forecasted to grow by USD 30.06 billion during 2024-2029, accelerating at a CAGR of 35.1% during the forecast period. The report on the AI in insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by imperative for operational efficiency and cost reduction, rising customer expectations for personalized and digital experiences, and advancements in AI technology and data availability.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

The AI in insurance market is segmented as below:

By Deployment

  • Cloud
  • On premises
  • Hybrid

By Technology

  • Machine learning
  • Natural language processing
  • Computer vision
  • Deep learning
  • Others

By Application

  • Claims processing and automation
  • Fraud detection and prevention
  • Underwriting and risk assessment
  • Customer service
  • Others

By Geographical Landscape

  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa
This study identifies the proliferation of generative AI beyond conversational interfaces as one of the prime reasons driving the AI in insurance market growth during the next few years. Also, shift from reactive claim settlement to proactive risk prevention and mitigation and rise of embedded AI and integrated ecosystems will lead to sizable demand in the market.

The report on the AI in insurance market covers the following areas:

  • AI In Insurance Market sizing
  • AI In Insurance Market forecast
  • AI In Insurance Market industry analysis
A robust vendor analysis within the report is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading AI in insurance market vendors that include Athenium Analytics LLC, Coalition Inc., DeepOpinion GmbH, Earnix Ltd., Straight Up Insurance Services LLC, Federato Technologies Inc., Gradient AI Corp., International Business Machines Corp., Kenyt Technologies Pvt. Ltd., Lemonade Inc., Maxar Technologies Inc., Nayya Health Inc., Nirvana Technologies Pvt. Ltd., Planck Resolution Ltd., Shift Technology, Sprout.ai Ltd., SVM Ventures LLC, Tractable Ltd., V7 Ltd., and Tellius Inc. Also, the AI in insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Table of Contents

1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by Deployment
Executive Summary - Chart on Market Segmentation by Technology
Executive Summary - Chart on Market Segmentation by Application
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Analysis
2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
Overview on factors of disruption
2.4 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
3.1 Market ecosystem
Parent Market
Data Table on - Parent Market
3.2 Market characteristics
Market characteristics analysis
3.3 Value chain analysis
Value chain analysis
4 Market Sizing
4.1 Market definition
Offerings of companies included in the market definition
4.2 Market segment analysis
Market segments
4.3 Market size 2024
4.4 Market outlook: Forecast for 2024-2029
Chart on Global - Market size and forecast 2024-2029 ($ million)
Data Table on Global - Market size and forecast 2024-2029 ($ million)
Chart on Global Market: Year-over-year growth 2024-2029 (%)
Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
5.1 Global AI In Insurance Market 2019 - 2023
Historic Market Size - Data Table on Global AI In Insurance Market 2019 - 2023 ($ million)
5.2 Deployment segment analysis 2019 - 2023
Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
5.3 Technology segment analysis 2019 - 2023
Historic Market Size - Technology Segment 2019 - 2023 ($ million)
5.4 Application segment analysis 2019 - 2023
Historic Market Size - Application Segment 2019 - 2023 ($ million)
5.5 Geography segment analysis 2019 - 2023
Historic Market Size - Geography Segment 2019 - 2023 ($ million)
5.6 Country segment analysis 2019 - 2023
Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Five Forces Analysis
6.1 Five forces summary
Five forces analysis - Comparison between 2024 and 2029
6.2 Bargaining power of buyers
Bargaining power of buyers - Impact of key factors 2024 and 2029
6.3 Bargaining power of suppliers
Bargaining power of suppliers - Impact of key factors in 2024 and 2029
6.4 Threat of new entrants
Threat of new entrants - Impact of key factors in 2024 and 2029
6.5 Threat of substitutes
Threat of substitutes - Impact of key factors in 2024 and 2029
6.6 Threat of rivalry
Threat of rivalry - Impact of key factors in 2024 and 2029
6.7 Market condition
Chart on Market condition - Five forces 2024 and 2029
7 Market Segmentation by Deployment
7.1 Market segments
Chart on Deployment - Market share 2024-2029 (%)
Data Table on Deployment - Market share 2024-2029 (%)
7.2 Comparison by Deployment
Chart on Comparison by Deployment
Data Table on Comparison by Deployment
7.3 Cloud - Market size and forecast 2024-2029
Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Chart on Cloud - Year-over-year growth 2024-2029 (%)
Data Table on Cloud - Year-over-year growth 2024-2029 (%)
7.4 On premises - Market size and forecast 2024-2029
Chart on On premises - Market size and forecast 2024-2029 ($ million)
Data Table on On premises - Market size and forecast 2024-2029 ($ million)
Chart on On premises - Year-over-year growth 2024-2029 (%)
Data Table on On premises - Year-over-year growth 2024-2029 (%)
7.5 Hybrid - Market size and forecast 2024-2029
Chart on Hybrid - Market size and forecast 2024-2029 ($ million)
Data Table on Hybrid - Market size and forecast 2024-2029 ($ million)
Chart on Hybrid - Year-over-year growth 2024-2029 (%)
Data Table on Hybrid - Year-over-year growth 2024-2029 (%)
7.6 Market opportunity by Deployment
Market opportunity by Deployment ($ million)
Data Table on Market opportunity by Deployment ($ million)
8 Market Segmentation by Technology
8.1 Market segments
Chart on Technology - Market share 2024-2029 (%)
Data Table on Technology - Market share 2024-2029 (%)
8.2 Comparison by Technology
Chart on Comparison by Technology
Data Table on Comparison by Technology
8.3 Machine learning - Market size and forecast 2024-2029
Chart on Machine learning - Market size and forecast 2024-2029 ($ million)
Data Table on Machine learning - Market size and forecast 2024-2029 ($ million)
Chart on Machine learning - Year-over-year growth 2024-2029 (%)
Data Table on Machine learning - Year-over-year growth 2024-2029 (%)
8.4 Natural language processing - Market size and forecast 2024-2029
Chart on Natural language processing - Market size and forecast 2024-2029 ($ million)
Data Table on Natural language processing - Market size and forecast 2024-2029 ($ million)
Chart on Natural language processing - Year-over-year growth 2024-2029 (%)
Data Table on Natural language processing - Year-over-year growth 2024-2029 (%)
8.5 Computer vision - Market size and forecast 2024-2029
Chart on Computer vision - Market size and forecast 2024-2029 ($ million)
Data Table on Computer vision - Market size and forecast 2024-2029 ($ million)
Chart on Computer vision - Year-over-year growth 2024-2029 (%)
Data Table on Computer vision - Year-over-year growth 2024-2029 (%)
8.6 Deep learning - Market size and forecast 2024-2029
Chart on Deep learning - Market size and forecast 2024-2029 ($ million)
Data Table on Deep learning - Market size and forecast 2024-2029 ($ million)
Chart on Deep learning - Year-over-year growth 2024-2029 (%)
Data Table on Deep learning - Year-over-year growth 2024-2029 (%)
8.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
8.8 Market opportunity by Technology
Market opportunity by Technology ($ million)
Data Table on Market opportunity by Technology ($ million)
9 Market Segmentation by Application
9.1 Market segments
Chart on Application - Market share 2024-2029 (%)
Data Table on Application - Market share 2024-2029 (%)
9.2 Comparison by Application
Chart on Comparison by Application
Data Table on Comparison by Application
9.3 Claims processing and automation - Market size and forecast 2024-2029
Chart on Claims processing and automation - Market size and forecast 2024-2029 ($ million)
Data Table on Claims processing and automation - Market size and forecast 2024-2029 ($ million)
Chart on Claims processing and automation - Year-over-year growth 2024-2029 (%)
Data Table on Claims processing and automation - Year-over-year growth 2024-2029 (%)
9.4 Fraud detection and prevention - Market size and forecast 2024-2029
Chart on Fraud detection and prevention - Market size and forecast 2024-2029 ($ million)
Data Table on Fraud detection and prevention - Market size and forecast 2024-2029 ($ million)
Chart on Fraud detection and prevention - Year-over-year growth 2024-2029 (%)
Data Table on Fraud detection and prevention - Year-over-year growth 2024-2029 (%)
9.5 Underwriting and risk assessment - Market size and forecast 2024-2029
Chart on Underwriting and risk assessment - Market size and forecast 2024-2029 ($ million)
Data Table on Underwriting and risk assessment - Market size and forecast 2024-2029 ($ million)
Chart on Underwriting and risk assessment - Year-over-year growth 2024-2029 (%)
Data Table on Underwriting and risk assessment - Year-over-year growth 2024-2029 (%)
9.6 Customer service - Market size and forecast 2024-2029
Chart on Customer service - Market size and forecast 2024-2029 ($ million)
Data Table on Customer service - Market size and forecast 2024-2029 ($ million)
Chart on Customer service - Year-over-year growth 2024-2029 (%)
Data Table on Customer service - Year-over-year growth 2024-2029 (%)
9.7 Others - Market size and forecast 2024-2029
Chart on Others - Market size and forecast 2024-2029 ($ million)
Data Table on Others - Market size and forecast 2024-2029 ($ million)
Chart on Others - Year-over-year growth 2024-2029 (%)
Data Table on Others - Year-over-year growth 2024-2029 (%)
9.8 Market opportunity by Application
Market opportunity by Application ($ million)
Data Table on Market opportunity by Application ($ million)
10 Customer Landscape
10.1 Customer landscape overview
Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
11 Geographic Landscape
11.1 Geographic segmentation
Chart on Market share By Geographical Landscape 2024-2029 (%)
Data Table on Market share By Geographical Landscape 2024-2029 (%)
11.2 Geographic comparison
Chart on Geographic comparison
Data Table on Geographic comparison
11.3 North America - Market size and forecast 2024-2029
Chart on North America - Market size and forecast 2024-2029 ($ million)
Data Table on North America - Market size and forecast 2024-2029 ($ million)
Chart on North America - Year-over-year growth 2024-2029 (%)
Data Table on North America - Year-over-year growth 2024-2029 (%)
11.4 Europe - Market size and forecast 2024-2029
Chart on Europe - Market size and forecast 2024-2029 ($ million)
Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Chart on Europe - Year-over-year growth 2024-2029 (%)
Data Table on Europe - Year-over-year growth 2024-2029 (%)
11.5 APAC - Market size and forecast 2024-2029
Chart on APAC - Market size and forecast 2024-2029 ($ million)
Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Chart on APAC - Year-over-year growth 2024-2029 (%)
Data Table on APAC - Year-over-year growth 2024-2029 (%)
11.6 South America - Market size and forecast 2024-2029
Chart on South America - Market size and forecast 2024-2029 ($ million)
Data Table on South America - Market size and forecast 2024-2029 ($ million)
Chart on South America - Year-over-year growth 2024-2029 (%)
Data Table on South America - Year-over-year growth 2024-2029 (%)
11.7 Middle East and Africa - Market size and forecast 2024-2029
Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
11.8 US - Market size and forecast 2024-2029
Chart on US - Market size and forecast 2024-2029 ($ million)
Data Table on US - Market size and forecast 2024-2029 ($ million)
Chart on US - Year-over-year growth 2024-2029 (%)
Data Table on US - Year-over-year growth 2024-2029 (%)
11.9 China - Market size and forecast 2024-2029
Chart on China - Market size and forecast 2024-2029 ($ million)
Data Table on China - Market size and forecast 2024-2029 ($ million)
Chart on China - Year-over-year growth 2024-2029 (%)
Data Table on China - Year-over-year growth 2024-2029 (%)
11.10 Germany - Market size and forecast 2024-2029
Chart on Germany - Market size and forecast 2024-2029 ($ million)
Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Chart on Germany - Year-over-year growth 2024-2029 (%)
Data Table on Germany - Year-over-year growth 2024-2029 (%)
11.11 UK - Market size and forecast 2024-2029
Chart on UK - Market size and forecast 2024-2029 ($ million)
Data Table on UK - Market size and forecast 2024-2029 ($ million)
Chart on UK - Year-over-year growth 2024-2029 (%)
Data Table on UK - Year-over-year growth 2024-2029 (%)
11.12 Canada - Market size and forecast 2024-2029
Chart on Canada - Market size and forecast 2024-2029 ($ million)
Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Chart on Canada - Year-over-year growth 2024-2029 (%)
Data Table on Canada - Year-over-year growth 2024-2029 (%)
11.13 India - Market size and forecast 2024-2029
Chart on India - Market size and forecast 2024-2029 ($ million)
Data Table on India - Market size and forecast 2024-2029 ($ million)
Chart on India - Year-over-year growth 2024-2029 (%)
Data Table on India - Year-over-year growth 2024-2029 (%)
11.14 France - Market size and forecast 2024-2029
Chart on France - Market size and forecast 2024-2029 ($ million)
Data Table on France - Market size and forecast 2024-2029 ($ million)
Chart on France - Year-over-year growth 2024-2029 (%)
Data Table on France - Year-over-year growth 2024-2029 (%)
11.15 Japan - Market size and forecast 2024-2029
Chart on Japan - Market size and forecast 2024-2029 ($ million)
Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Chart on Japan - Year-over-year growth 2024-2029 (%)
Data Table on Japan - Year-over-year growth 2024-2029 (%)
11.16 Italy - Market size and forecast 2024-2029
Chart on Italy - Market size and forecast 2024-2029 ($ million)
Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Chart on Italy - Year-over-year growth 2024-2029 (%)
Data Table on Italy - Year-over-year growth 2024-2029 (%)
11.17 South Korea - Market size and forecast 2024-2029
Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Chart on South Korea - Year-over-year growth 2024-2029 (%)
Data Table on South Korea - Year-over-year growth 2024-2029 (%)
11.18 Market opportunity By Geographical Landscape
Market opportunity By Geographical Landscape ($ million)
Data Tables on Market opportunity By Geographical Landscape ($ million)
12 Drivers, Challenges, and Opportunity/Restraints
12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
Impact of drivers and challenges in 2024 and 2029
12.4 Market opportunities/restraints
13 Competitive Landscape
13.1 Overview
13.2 Competitive Landscape
Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
Overview on factors of disruption
13.4 Industry risks
Impact of key risks on business
14 Competitive Analysis
14.1 Companies profiled
Companies covered
14.2 Company ranking index
Company ranking index
14.3 Market positioning of companies
Matrix on companies position and classification
14.4 Athenium Analytics LLC
Athenium Analytics LLC - Overview
Athenium Analytics LLC - Product / Service
Athenium Analytics LLC - Key offerings
SWOT
14.5 Coalition Inc.
Coalition Inc. - Overview
Coalition Inc. - Product / Service
Coalition Inc. - Key offerings
SWOT
14.6 Earnix Ltd.
Earnix Ltd. - Overview
Earnix Ltd. - Product / Service
Earnix Ltd. - Key offerings
SWOT
14.7 Federato Technologies Inc.
Federato Technologies Inc. - Overview
Federato Technologies Inc. - Product / Service
Federato Technologies Inc. - Key offerings
SWOT
14.8 Gradient AI Corp.
Gradient AI Corp. - Overview
Gradient AI Corp. - Product / Service
Gradient AI Corp. - Key offerings
SWOT
14.9 International Business Machines Corp.
International Business Machines Corp. - Overview
International Business Machines Corp. - Business segments
International Business Machines Corp. - Key news
International Business Machines Corp. - Key offerings
International Business Machines Corp. - Segment focus
SWOT
14.10 Lemonade Inc.
Lemonade Inc. - Overview
Lemonade Inc. - Product / Service
Lemonade Inc. - Key offerings
SWOT
14.11 Maxar Technologies Inc.
Maxar Technologies Inc. - Overview
Maxar Technologies Inc. - Product / Service
Maxar Technologies Inc. - Key news
Maxar Technologies Inc. - Key offerings
SWOT
14.12 Nayya Health Inc.
Nayya Health Inc. - Overview
Nayya Health Inc. - Product / Service
Nayya Health Inc. - Key offerings
SWOT
14.13 Planck Resolution Ltd.
Planck Resolution Ltd. - Overview
Planck Resolution Ltd. - Product / Service
Planck Resolution Ltd. - Key offerings
SWOT
14.14 Shift Technology
Shift Technology - Overview
Shift Technology - Product / Service
Shift Technology - Key offerings
SWOT
14.15 Sprout.ai Ltd.
Sprout.ai Ltd. - Overview
Sprout.ai Ltd. - Product / Service
Sprout.ai Ltd. - Key offerings
SWOT
14.16 SVM Ventures LLC
SVM Ventures LLC - Overview
SVM Ventures LLC - Product / Service
SVM Ventures LLC - Key offerings
SWOT
14.17 Tractable Ltd.
Tractable Ltd. - Overview
Tractable Ltd. - Product / Service
Tractable Ltd. - Key offerings
SWOT
14.18 V7 Ltd.
V7 Ltd. - Overview
V7 Ltd. - Product / Service
V7 Ltd. - Key offerings
SWOT
15 Appendix
15.1 Scope of the report
15.2 Inclusions and exclusions checklist
Inclusions checklist
Exclusions checklist
15.3 Currency conversion rates for US$
Currency conversion rates for US$
15.4 Research methodology
Research methodology
15.5 Data procurement
Information sources
15.6 Data validation
Data validation
15.7 Validation techniques employed for market sizing
Validation techniques employed for market sizing
15.8 Data synthesis
Data synthesis
15.9 360 degree market analysis
360 degree market analysis
15.10 List of abbreviations
List of abbreviations
List of Exhibits
Exhibits 1: Executive Summary - Chart on Market Overview
Exhibits 2: Executive Summary - Data Table on Market Overview
Exhibits 3: Executive Summary - Chart on Global Market Characteristics
Exhibits 4: Executive Summary - Chart on Market By Geographical Landscape
Exhibits 5: Executive Summary - Chart on Market Segmentation by Deployment
Exhibits 6: Executive Summary - Chart on Market Segmentation by Technology
Exhibits 7: Executive Summary - Chart on Market Segmentation by Application
Exhibits 8: Executive Summary - Chart on Incremental Growth
Exhibits 9: Executive Summary - Data Table on Incremental Growth
Exhibits 10: Executive Summary - Chart on Company Market Positioning
Exhibits 11: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 12: Overview on criticality of inputs and factors of differentiation
Exhibits 13: Overview on factors of disruption
Exhibits 14: Impact of drivers and challenges in 2024 and 2029
Exhibits 15: Parent Market
Exhibits 16: Data Table on - Parent Market
Exhibits 17: Market characteristics analysis
Exhibits 18: Value chain analysis
Exhibits 19: Offerings of companies included in the market definition
Exhibits 20: Market segments
Exhibits 21: Chart on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 22: Data Table on Global - Market size and forecast 2024-2029 ($ million)
Exhibits 23: Chart on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 24: Data Table on Global Market: Year-over-year growth 2024-2029 (%)
Exhibits 25: Historic Market Size - Data Table on Global AI In Insurance Market 2019 - 2023 ($ million)
Exhibits 26: Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
Exhibits 27: Historic Market Size - Technology Segment 2019 - 2023 ($ million)
Exhibits 28: Historic Market Size - Application Segment 2019 - 2023 ($ million)
Exhibits 29: Historic Market Size - Geography Segment 2019 - 2023 ($ million)
Exhibits 30: Historic Market Size - Country Segment 2019 - 2023 ($ million)
Exhibits 31: Five forces analysis - Comparison between 2024 and 2029
Exhibits 32: Bargaining power of buyers - Impact of key factors 2024 and 2029
Exhibits 33: Bargaining power of suppliers - Impact of key factors in 2024 and 2029
Exhibits 34: Threat of new entrants - Impact of key factors in 2024 and 2029
Exhibits 35: Threat of substitutes - Impact of key factors in 2024 and 2029
Exhibits 36: Threat of rivalry - Impact of key factors in 2024 and 2029
Exhibits 37: Chart on Market condition - Five forces 2024 and 2029
Exhibits 38: Chart on Deployment - Market share 2024-2029 (%)
Exhibits 39: Data Table on Deployment - Market share 2024-2029 (%)
Exhibits 40: Chart on Comparison by Deployment
Exhibits 41: Data Table on Comparison by Deployment
Exhibits 42: Chart on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 43: Data Table on Cloud - Market size and forecast 2024-2029 ($ million)
Exhibits 44: Chart on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 45: Data Table on Cloud - Year-over-year growth 2024-2029 (%)
Exhibits 46: Chart on On premises - Market size and forecast 2024-2029 ($ million)
Exhibits 47: Data Table on On premises - Market size and forecast 2024-2029 ($ million)
Exhibits 48: Chart on On premises - Year-over-year growth 2024-2029 (%)
Exhibits 49: Data Table on On premises - Year-over-year growth 2024-2029 (%)
Exhibits 50: Chart on Hybrid - Market size and forecast 2024-2029 ($ million)
Exhibits 51: Data Table on Hybrid - Market size and forecast 2024-2029 ($ million)
Exhibits 52: Chart on Hybrid - Year-over-year growth 2024-2029 (%)
Exhibits 53: Data Table on Hybrid - Year-over-year growth 2024-2029 (%)
Exhibits 54: Market opportunity by Deployment ($ million)
Exhibits 55: Data Table on Market opportunity by Deployment ($ million)
Exhibits 56: Chart on Technology - Market share 2024-2029 (%)
Exhibits 57: Data Table on Technology - Market share 2024-2029 (%)
Exhibits 58: Chart on Comparison by Technology
Exhibits 59: Data Table on Comparison by Technology
Exhibits 60: Chart on Machine learning - Market size and forecast 2024-2029 ($ million)
Exhibits 61: Data Table on Machine learning - Market size and forecast 2024-2029 ($ million)
Exhibits 62: Chart on Machine learning - Year-over-year growth 2024-2029 (%)
Exhibits 63: Data Table on Machine learning - Year-over-year growth 2024-2029 (%)
Exhibits 64: Chart on Natural language processing - Market size and forecast 2024-2029 ($ million)
Exhibits 65: Data Table on Natural language processing - Market size and forecast 2024-2029 ($ million)
Exhibits 66: Chart on Natural language processing - Year-over-year growth 2024-2029 (%)
Exhibits 67: Data Table on Natural language processing - Year-over-year growth 2024-2029 (%)
Exhibits 68: Chart on Computer vision - Market size and forecast 2024-2029 ($ million)
Exhibits 69: Data Table on Computer vision - Market size and forecast 2024-2029 ($ million)
Exhibits 70: Chart on Computer vision - Year-over-year growth 2024-2029 (%)
Exhibits 71: Data Table on Computer vision - Year-over-year growth 2024-2029 (%)
Exhibits 72: Chart on Deep learning - Market size and forecast 2024-2029 ($ million)
Exhibits 73: Data Table on Deep learning - Market size and forecast 2024-2029 ($ million)
Exhibits 74: Chart on Deep learning - Year-over-year growth 2024-2029 (%)
Exhibits 75: Data Table on Deep learning - Year-over-year growth 2024-2029 (%)
Exhibits 76: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 77: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 78: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 79: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 80: Market opportunity by Technology ($ million)
Exhibits 81: Data Table on Market opportunity by Technology ($ million)
Exhibits 82: Chart on Application - Market share 2024-2029 (%)
Exhibits 83: Data Table on Application - Market share 2024-2029 (%)
Exhibits 84: Chart on Comparison by Application
Exhibits 85: Data Table on Comparison by Application
Exhibits 86: Chart on Claims processing and automation - Market size and forecast 2024-2029 ($ million)
Exhibits 87: Data Table on Claims processing and automation - Market size and forecast 2024-2029 ($ million)
Exhibits 88: Chart on Claims processing and automation - Year-over-year growth 2024-2029 (%)
Exhibits 89: Data Table on Claims processing and automation - Year-over-year growth 2024-2029 (%)
Exhibits 90: Chart on Fraud detection and prevention - Market size and forecast 2024-2029 ($ million)
Exhibits 91: Data Table on Fraud detection and prevention - Market size and forecast 2024-2029 ($ million)
Exhibits 92: Chart on Fraud detection and prevention - Year-over-year growth 2024-2029 (%)
Exhibits 93: Data Table on Fraud detection and prevention - Year-over-year growth 2024-2029 (%)
Exhibits 94: Chart on Underwriting and risk assessment - Market size and forecast 2024-2029 ($ million)
Exhibits 95: Data Table on Underwriting and risk assessment - Market size and forecast 2024-2029 ($ million)
Exhibits 96: Chart on Underwriting and risk assessment - Year-over-year growth 2024-2029 (%)
Exhibits 97: Data Table on Underwriting and risk assessment - Year-over-year growth 2024-2029 (%)
Exhibits 98: Chart on Customer service - Market size and forecast 2024-2029 ($ million)
Exhibits 99: Data Table on Customer service - Market size and forecast 2024-2029 ($ million)
Exhibits 100: Chart on Customer service - Year-over-year growth 2024-2029 (%)
Exhibits 101: Data Table on Customer service - Year-over-year growth 2024-2029 (%)
Exhibits 102: Chart on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 103: Data Table on Others - Market size and forecast 2024-2029 ($ million)
Exhibits 104: Chart on Others - Year-over-year growth 2024-2029 (%)
Exhibits 105: Data Table on Others - Year-over-year growth 2024-2029 (%)
Exhibits 106: Market opportunity by Application ($ million)
Exhibits 107: Data Table on Market opportunity by Application ($ million)
Exhibits 108: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Exhibits 109: Chart on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 110: Data Table on Market share By Geographical Landscape 2024-2029 (%)
Exhibits 111: Chart on Geographic comparison
Exhibits 112: Data Table on Geographic comparison
Exhibits 113: Chart on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 114: Data Table on North America - Market size and forecast 2024-2029 ($ million)
Exhibits 115: Chart on North America - Year-over-year growth 2024-2029 (%)
Exhibits 116: Data Table on North America - Year-over-year growth 2024-2029 (%)
Exhibits 117: Chart on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 118: Data Table on Europe - Market size and forecast 2024-2029 ($ million)
Exhibits 119: Chart on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 120: Data Table on Europe - Year-over-year growth 2024-2029 (%)
Exhibits 121: Chart on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 122: Data Table on APAC - Market size and forecast 2024-2029 ($ million)
Exhibits 123: Chart on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 124: Data Table on APAC - Year-over-year growth 2024-2029 (%)
Exhibits 125: Chart on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 126: Data Table on South America - Market size and forecast 2024-2029 ($ million)
Exhibits 127: Chart on South America - Year-over-year growth 2024-2029 (%)
Exhibits 128: Data Table on South America - Year-over-year growth 2024-2029 (%)
Exhibits 129: Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 130: Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
Exhibits 131: Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 132: Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
Exhibits 133: Chart on US - Market size and forecast 2024-2029 ($ million)
Exhibits 134: Data Table on US - Market size and forecast 2024-2029 ($ million)
Exhibits 135: Chart on US - Year-over-year growth 2024-2029 (%)
Exhibits 136: Data Table on US - Year-over-year growth 2024-2029 (%)
Exhibits 137: Chart on China - Market size and forecast 2024-2029 ($ million)
Exhibits 138: Data Table on China - Market size and forecast 2024-2029 ($ million)
Exhibits 139: Chart on China - Year-over-year growth 2024-2029 (%)
Exhibits 140: Data Table on China - Year-over-year growth 2024-2029 (%)
Exhibits 141: Chart on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 142: Data Table on Germany - Market size and forecast 2024-2029 ($ million)
Exhibits 143: Chart on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 144: Data Table on Germany - Year-over-year growth 2024-2029 (%)
Exhibits 145: Chart on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 146: Data Table on UK - Market size and forecast 2024-2029 ($ million)
Exhibits 147: Chart on UK - Year-over-year growth 2024-2029 (%)
Exhibits 148: Data Table on UK - Year-over-year growth 2024-2029 (%)
Exhibits 149: Chart on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 150: Data Table on Canada - Market size and forecast 2024-2029 ($ million)
Exhibits 151: Chart on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 152: Data Table on Canada - Year-over-year growth 2024-2029 (%)
Exhibits 153: Chart on India - Market size and forecast 2024-2029 ($ million)
Exhibits 154: Data Table on India - Market size and forecast 2024-2029 ($ million)
Exhibits 155: Chart on India - Year-over-year growth 2024-2029 (%)
Exhibits 156: Data Table on India - Year-over-year growth 2024-2029 (%)
Exhibits 157: Chart on France - Market size and forecast 2024-2029 ($ million)
Exhibits 158: Data Table on France - Market size and forecast 2024-2029 ($ million)
Exhibits 159: Chart on France - Year-over-year growth 2024-2029 (%)
Exhibits 160: Data Table on France - Year-over-year growth 2024-2029 (%)
Exhibits 161: Chart on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 162: Data Table on Japan - Market size and forecast 2024-2029 ($ million)
Exhibits 163: Chart on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 164: Data Table on Japan - Year-over-year growth 2024-2029 (%)
Exhibits 165: Chart on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 166: Data Table on Italy - Market size and forecast 2024-2029 ($ million)
Exhibits 167: Chart on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 168: Data Table on Italy - Year-over-year growth 2024-2029 (%)
Exhibits 169: Chart on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 170: Data Table on South Korea - Market size and forecast 2024-2029 ($ million)
Exhibits 171: Chart on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 172: Data Table on South Korea - Year-over-year growth 2024-2029 (%)
Exhibits 173: Market opportunity By Geographical Landscape ($ million)
Exhibits 174: Data Tables on Market opportunity By Geographical Landscape ($ million)
Exhibits 175: Impact of drivers and challenges in 2024 and 2029
Exhibits 176: Overview on criticality of inputs and factors of differentiation
Exhibits 177: Overview on factors of disruption
Exhibits 178: Impact of key risks on business
Exhibits 179: Companies covered
Exhibits 180: Company ranking index
Exhibits 181: Matrix on companies position and classification
Exhibits 182: Athenium Analytics LLC - Overview
Exhibits 183: Athenium Analytics LLC - Product / Service
Exhibits 184: Athenium Analytics LLC - Key offerings
Exhibits 185: SWOT
Exhibits 186: Coalition Inc. - Overview
Exhibits 187: Coalition Inc. - Product / Service
Exhibits 188: Coalition Inc. - Key offerings
Exhibits 189: SWOT
Exhibits 190: Earnix Ltd. - Overview
Exhibits 191: Earnix Ltd. - Product / Service
Exhibits 192: Earnix Ltd. - Key offerings
Exhibits 193: SWOT
Exhibits 194: Federato Technologies Inc. - Overview
Exhibits 195: Federato Technologies Inc. - Product / Service
Exhibits 196: Federato Technologies Inc. - Key offerings
Exhibits 197: SWOT
Exhibits 198: Gradient AI Corp. - Overview
Exhibits 199: Gradient AI Corp. - Product / Service
Exhibits 200: Gradient AI Corp. - Key offerings
Exhibits 201: SWOT
Exhibits 202: International Business Machines Corp. - Overview
Exhibits 203: International Business Machines Corp. - Business segments
Exhibits 204: International Business Machines Corp. - Key news
Exhibits 205: International Business Machines Corp. - Key offerings
Exhibits 206: International Business Machines Corp. - Segment focus
Exhibits 207: SWOT
Exhibits 208: Lemonade Inc. - Overview
Exhibits 209: Lemonade Inc. - Product / Service
Exhibits 210: Lemonade Inc. - Key offerings
Exhibits 211: SWOT
Exhibits 212: Maxar Technologies Inc. - Overview
Exhibits 213: Maxar Technologies Inc. - Product / Service
Exhibits 214: Maxar Technologies Inc. - Key news
Exhibits 215: Maxar Technologies Inc. - Key offerings
Exhibits 216: SWOT
Exhibits 217: Nayya Health Inc. - Overview
Exhibits 218: Nayya Health Inc. - Product / Service
Exhibits 219: Nayya Health Inc. - Key offerings
Exhibits 220: SWOT
Exhibits 221: Planck Resolution Ltd. - Overview
Exhibits 222: Planck Resolution Ltd. - Product / Service
Exhibits 223: Planck Resolution Ltd. - Key offerings
Exhibits 224: SWOT
Exhibits 225: Shift Technology - Overview
Exhibits 226: Shift Technology - Product / Service
Exhibits 227: Shift Technology - Key offerings
Exhibits 228: SWOT
Exhibits 229: Sprout.ai Ltd. - Overview
Exhibits 230: Sprout.ai Ltd. - Product / Service
Exhibits 231: Sprout.ai Ltd. - Key offerings
Exhibits 232: SWOT
Exhibits 233: SVM Ventures LLC - Overview
Exhibits 234: SVM Ventures LLC - Product / Service
Exhibits 235: SVM Ventures LLC - Key offerings
Exhibits 236: SWOT
Exhibits 237: Tractable Ltd. - Overview
Exhibits 238: Tractable Ltd. - Product / Service
Exhibits 239: Tractable Ltd. - Key offerings
Exhibits 240: SWOT
Exhibits 241: V7 Ltd. - Overview
Exhibits 242: V7 Ltd. - Product / Service
Exhibits 243: V7 Ltd. - Key offerings
Exhibits 244: SWOT
Exhibits 245: Inclusions checklist
Exhibits 246: Exclusions checklist
Exhibits 247: Currency conversion rates for US$
Exhibits 248: Research methodology
Exhibits 249: Information sources
Exhibits 250: Data validation
Exhibits 251: Validation techniques employed for market sizing
Exhibits 252: Data synthesis
Exhibits 253: 360 degree market analysis
Exhibits 254: List of abbreviations

Executive Summary

The following companies are recognized as the key players in the global ai in insurance market: Athenium Analytics LLC, Coalition Inc., DeepOpinion GmbH, Earnix Ltd., Straight Up Insurance Services LLC, Federato Technologies Inc., Gradient AI Corp., International Business Machines Corp., Kenyt Technologies Pvt. Ltd., Lemonade Inc., Maxar Technologies Inc., Nayya Health Inc., Nirvana Technologies Pvt. Ltd., Planck Resolution Ltd., Shift Technology, Sprout.ai Ltd., SVM Ventures LLC, Tractable Ltd., V7 Ltd., and Tellius Inc..

Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is proliferation of generative ai beyond conversational interfaces."

According to the report, one of the major drivers for this market is the imperative for operational efficiency and cost reduction.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Athenium Analytics LLC
  • Coalition Inc.
  • DeepOpinion GmbH
  • Earnix Ltd.
  • Straight Up Insurance Services LLC
  • Federato Technologies Inc.
  • Gradient AI Corp.
  • International Business Machines Corp.
  • Kenyt Technologies Pvt. Ltd.
  • Lemonade Inc.
  • Maxar Technologies Inc.
  • Nayya Health Inc.
  • Nirvana Technologies Pvt. Ltd.
  • Planck Resolution Ltd.
  • Shift Technology
  • Sprout.ai Ltd.
  • SVM Ventures LLC
  • Tractable Ltd.
  • V7 Ltd.
  • Tellius Inc.

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