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The generative AI in insurance market is forecasted to grow by USD 4.29 billion during 2024-2029, accelerating at a CAGR of 40.8% during the forecast period. The report on the generative 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.Speak directly to the analyst to clarify any post sales queries you may have.
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 strategic imperative for hyper-personalization and enhanced customer experience, pursuit of unprecedented operational efficiency and cost optimization, and fostering accelerated product innovation and sophisticated risk modeling.
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 generative AI in insurance market is segmented as below:
By Deployment
- Solutions
- Services
By Component
- Cloud
- On premises
By Application
- Claims processing automation
- Automated underwriting
- Fraud detection and prevention
- Virtual assistants and customer support
- Others
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the generative AI in insurance market covers the following areas:
- Generative AI In Insurance Market sizing
- Generative AI In Insurance Market forecast
- Generative AI In Insurance Market industry analysis
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
2 The Publisher's Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Five Forces Analysis
7 Market Segmentation by Deployment
8 Market Segmentation by Component
9 Market Segmentation by Application
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global generative ai in insurance market: Akur8, Amazon Web Services Inc., Archipelago Analytics, Inc., Artivatic, Avaamo Inc., CAPE Analytics, DataRobot Inc., Hyperscience, International Business Machines Corp., Lemonade Inc., LexisNexis Risk Solutions., Microsoft Corp., Nearmap, Planck Resolution Ltd., Quantemplate Technologies Inc., Shift Technology, Tinubu Square SA, Tractable Ltd., and ZestyAI.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is demand for hyper-personalized customer experiences."
According to the report, one of the major drivers for this market is the strategic imperative for hyper-personalization and enhanced customer experience.
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:
- Akur8
- Amazon Web Services Inc.
- Archipelago Analytics Inc.
- Artivatic
- Avaamo Inc.
- CAPE Analytics
- DataRobot Inc.
- Hyperscience
- International Business Machines Corp.
- Lemonade Inc.
- LexisNexis Risk Solutions.
- Microsoft Corp.
- Nearmap
- Planck Resolution Ltd.
- Quantemplate Technologies Inc.
- Shift Technology
- Tinubu Square SA
- Tractable Ltd.
- ZestyAI
