Global AI in Insurance Market Research Report 2025(Status and Outlook)

March 2025 | 105 pages | ID: G5E4A5D160EBEN
Bosson Research

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Report Overview



The market for Artificial Intelligence (AI) in the insurance industry refers to the use of AI technologies such as machine learning, natural language processing, and predictive analytics to improve various aspects of insurance operations. AI in insurance enables companies to streamline processes, enhance customer experience, assess risks more accurately, detect fraud, and personalize products and services. By leveraging AI, insurance companies can automate underwriting processes, claims processing, and customer interactions, leading to increased efficiency and cost savings. Additionally, AI can help insurers analyze vast amounts of data to make more informed decisions, ultimately improving business outcomes and competitiveness in the market.



The market for AI in insurance is experiencing significant growth driven by several key factors. Firstly, the increasing adoption of digital technologies in the insurance sector is creating opportunities for AI implementation to enhance operational efficiency and customer engagement. Secondly, the growing volume of data generated by insurers and customers alike is driving the need for advanced analytics tools like AI to extract valuable insights and improve risk assessment. Moreover, the rise of InsurTech companies focusing on innovative technologies is pushing traditional insurance players to invest in AI to stay relevant and competitive. Furthermore, the rising demand for personalized insurance products and services is fueling the use of AI to tailor offerings to individual customer needs. Overall, the market trend towards digital transformation and the need for data-driven decision-making are driving the growth of AI in the insurance industry.



The global AI in Insurance market size was estimated at USD 1.60 million in 2024 and is projected to reach USD 1.60 million by 2033, exhibiting a CAGR of 0 during the forecast period.



This report provides a deep insight into the global AI in Insurance market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, PEST analysis, etc. In terms of regional markets, the report details the market space and development potential of each market segment in North America, Europe, Asia Pacific, South America, the Middle East and Africa, as well as the competitive landscape of major players, etc



The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global AI in Insurance Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the AI in Insurance market in any manner.

Global AI in Insurance Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

AIA Group Ltd

AIG

Allianz SE

AXA

Berkshire Hathaway



Market Segmentation (by Type)

Cloud

On-Premise



Market Segmentation (by Application)

Chatbots & Virtual Assistance

Fraud Detection

Customer Relationship Management

Cybersecurity

Payment Gateways

Financial Transactions

Other



Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)



Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the AI in Insurance Market

Overview of the regional outlook of the AI in Insurance Market:



Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.



Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the AI in Insurance Market and its likely evolution in the short to mid-term, and long term.



Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.



Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.



Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.



Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.



Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.



Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.



Chapter 9 shares the main producing countries of AI in Insurance, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.



Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.



Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.



Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.



Chapter 13 is the main points and conclusions of the report.



Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

6-month post-sales analyst support

Customization of the Report

In case of any queries or customization requirements, please connect with our sales team, who will ensure that your requirements are met.


1 RESEARCH METHODOLOGY AND STATISTICAL SCOPE

1.1 Market Definition and Statistical Scope of AI in Insurance
1.2 Key Market Segments
  1.2.1 AI in Insurance Segment by Type
  1.2.2 AI in Insurance Segment by Application
1.3 Methodology & Sources of Information
  1.3.1 Research Methodology
  1.3.2 Research Process
  1.3.3 Market Breakdown and Data Triangulation
  1.3.4 Base Year
  1.3.5 Report Assumptions & Caveats

2 AI IN INSURANCE MARKET OVERVIEW

2.1 Global Market Overview
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region

3 AI IN INSURANCE MARKET COMPETITIVE LANDSCAPE

3.1 Company Assessment Quadrant
3.2 Global AI in Insurance Product Life Cycle
3.3 Global AI in Insurance Revenue Market Share by Company (2020-2025)
3.4 AI in Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.5 AI in Insurance Company Headquarters, Area Served, Product Type
3.6 AI in Insurance Market Competitive Situation and Trends
  3.6.1 AI in Insurance Market Concentration Rate
  3.6.2 Global 5 and 10 Largest AI in Insurance Players Market Share by Revenue
  3.6.3 Mergers & Acquisitions, Expansion

4 AI IN INSURANCE VALUE CHAIN ANALYSIS

4.1 AI in Insurance Value Chain Analysis
4.2 Midstream Market Analysis
4.3 Downstream Customer Analysis

5 THE DEVELOPMENT AND DYNAMICS OF AI IN INSURANCE MARKET

5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
  5.4.1 New Product Developments
  5.4.2 Mergers & Acquisitions
  5.4.3 Expansions
  5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
  5.5.1 Industry Policies Analysis
  5.5.2 Economic Environment Analysis
  5.5.3 Social Environment Analysis
  5.5.4 Technological Environment Analysis
5.6 Global AI in Insurance Market Porter's Five Forces Analysis

6 AI IN INSURANCE MARKET SEGMENTATION BY TYPE

6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global AI in Insurance Market Size Market Share by Type (2020-2025)
6.3 Global AI in Insurance Market Size Growth Rate by Type (2021-2025)

7 AI IN INSURANCE MARKET SEGMENTATION BY APPLICATION

7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global AI in Insurance Market Size (M USD) by Application (2020-2025)
7.3 Global AI in Insurance Sales Growth Rate by Application (2020-2025)

8 AI IN INSURANCE MARKET SEGMENTATION BY REGION

8.1 Global AI in Insurance Market Size by Region
  8.1.1 Global AI in Insurance Market Size by Region
  8.1.2 Global AI in Insurance Market Size Market Share by Region
8.2 North America
  8.2.1 North America AI in Insurance Market Size by Country
  8.2.2 U.S.
  8.2.3 Canada
  8.2.4 Mexico
8.3 Europe
  8.3.1 Europe AI in Insurance Market Size by Country
  8.3.2 Germany
  8.3.3 France
  8.3.4 U.K.
  8.3.5 Italy
  8.3.6 Spain
8.4 Asia Pacific
  8.4.1 Asia Pacific AI in Insurance Market Size by Region
  8.4.2 China
  8.4.3 Japan
  8.4.4 South Korea
  8.4.5 India
  8.4.6 Southeast Asia
8.5 South America
  8.5.1 South America AI in Insurance Market Size by Country
  8.5.2 Brazil
  8.5.3 Argentina
  8.5.4 Columbia
8.6 Middle East and Africa
  8.6.1 Middle East and Africa AI in Insurance Market Size by Region
  8.6.2 Saudi Arabia
  8.6.3 UAE
  8.6.4 Egypt
  8.6.5 Nigeria
  8.6.6 South Africa

9 KEY COMPANIES PROFILE

9.1 AIA Group Ltd
  9.1.1 AIA Group Ltd Basic Information
  9.1.2 AIA Group Ltd AI in Insurance Product Overview
  9.1.3 AIA Group Ltd AI in Insurance Product Market Performance
  9.1.4 AIA Group Ltd SWOT Analysis
  9.1.5 AIA Group Ltd Business Overview
  9.1.6 AIA Group Ltd Recent Developments
9.2 AIG
  9.2.1 AIG Basic Information
  9.2.2 AIG AI in Insurance Product Overview
  9.2.3 AIG AI in Insurance Product Market Performance
  9.2.4 AIG SWOT Analysis
  9.2.5 AIG Business Overview
  9.2.6 AIG Recent Developments
9.3 Allianz SE
  9.3.1 Allianz SE Basic Information
  9.3.2 Allianz SE AI in Insurance Product Overview
  9.3.3 Allianz SE AI in Insurance Product Market Performance
  9.3.4 Allianz SE SWOT Analysis
  9.3.5 Allianz SE Business Overview
  9.3.6 Allianz SE Recent Developments
9.4 AXA
  9.4.1 AXA Basic Information
  9.4.2 AXA AI in Insurance Product Overview
  9.4.3 AXA AI in Insurance Product Market Performance
  9.4.4 AXA Business Overview
  9.4.5 AXA Recent Developments
9.5 Berkshire Hathaway
  9.5.1 Berkshire Hathaway Basic Information
  9.5.2 Berkshire Hathaway AI in Insurance Product Overview
  9.5.3 Berkshire Hathaway AI in Insurance Product Market Performance
  9.5.4 Berkshire Hathaway Business Overview
  9.5.5 Berkshire Hathaway Recent Developments

10 AI IN INSURANCE MARKET FORECAST BY REGION

10.1 Global AI in Insurance Market Size Forecast
10.2 Global AI in Insurance Market Forecast by Region
  10.2.1 North America Market Size Forecast by Country
  10.2.2 Europe AI in Insurance Market Size Forecast by Country
  10.2.3 Asia Pacific AI in Insurance Market Size Forecast by Region
  10.2.4 South America AI in Insurance Market Size Forecast by Country
  10.2.5 Middle East and Africa Forecasted Sales of AI in Insurance by Country

11 FORECAST MARKET BY TYPE AND BY APPLICATION (2026-2033)

11.1 Global AI in Insurance Market Forecast by Type (2026-2033)
11.2 Global AI in Insurance Market Forecast by Application (2026-2033)

12 CONCLUSION AND KEY FINDINGS
List of Tables
Table 1. Introduction of the Type
Table 2. Introduction of the Application
Table 3. Market Size (M USD) Segment Executive Summary
Table 4. AI in Insurance Market Size Comparison by Region (M USD)
Table 5. Global AI in Insurance Revenue (M USD) by Company (2020-2025)
Table 6. Global AI in Insurance Revenue Share by Company (2020-2025)
Table 7. Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AI in Insurance as of 2024)
Table 8. AI in Insurance Company Headquarters and Area Served
Table 9. Company AI in Insurance Product Type
Table 10. Global AI in Insurance Company Market Concentration Ratio (CR5 and HHI)
Table 11. Mergers & Acquisitions, Expansion Plans
Table 12. Midstream Market Analysis
Table 13. Downstream Customer Analysis
Table 14. Key Development Trends
Table 15. Driving Factors
Table 16. AI in Insurance Market Challenges
Table 17. Goldman Sachs' forecast real GDP growth rate for 2024-2026
Table 18. S&P Global ' Forecast Real GDP Growth Rate For 2024-2027
Table 19. World Bank ' Forecast Real GDP Growth Rate For 2024-2026
Table 20. Global AI in Insurance Market Size by Type (M USD)
Table 21. Global AI in Insurance Market Size (M USD) by Type (2020-2025)
Table 22. Global AI in Insurance Market Size Share by Type (2020-2025)
Table 23. Global AI in Insurance Market Size Growth Rate by Type (2021-2025)
Table 24. Global AI in Insurance Market Size by Application
Table 25. Global AI in Insurance Market Size by Application (2020-2025) & (M USD)
Table 26. Global AI in Insurance Market Share by Application (2020-2025)
Table 27. Global AI in Insurance Sales Growth Rate by Application (2020-2025)
Table 28. Global AI in Insurance Market Size by Region (2020-2025) & (M USD)
Table 29. Global AI in Insurance Market Size Market Share by Region (2020-2025)
Table 30. North America AI in Insurance Market Size by Country (2020-2025) & (M USD)
Table 31. Europe AI in Insurance Market Size by Country (2020-2025) & (M USD)
Table 32. Asia Pacific AI in Insurance Market Size by Region (2020-2025) & (M USD)
Table 33. South America AI in Insurance Market Size by Country (2020-2025) & (M USD)
Table 34. Middle East and Africa AI in Insurance Market Size by Region (2020-2025) & (M USD)
Table 35. AIA Group Ltd Basic Information
Table 36. AIA Group Ltd AI in Insurance Product Overview
Table 37. AIA Group Ltd AI in Insurance Revenue (M USD) and Gross Margin (2020-2025)
Table 38. AIA Group Ltd SWOT Analysis
Table 39. AIA Group Ltd Business Overview
Table 40. AIA Group Ltd Recent Developments
Table 41. AIG Basic Information
Table 42. AIG AI in Insurance Product Overview
Table 43. AIG AI in Insurance Revenue (M USD) and Gross Margin (2020-2025)
Table 44. AIG SWOT Analysis
Table 45. AIG Business Overview
Table 46. AIG Recent Developments
Table 47. Allianz SE Basic Information
Table 48. Allianz SE AI in Insurance Product Overview
Table 49. Allianz SE AI in Insurance Revenue (M USD) and Gross Margin (2020-2025)
Table 50. Allianz SE SWOT Analysis
Table 51. Allianz SE Business Overview
Table 52. Allianz SE Recent Developments
Table 53. AXA Basic Information
Table 54. AXA AI in Insurance Product Overview
Table 55. AXA AI in Insurance Revenue (M USD) and Gross Margin (2020-2025)
Table 56. AXA Business Overview
Table 57. AXA Recent Developments
Table 58. Berkshire Hathaway Basic Information
Table 59. Berkshire Hathaway AI in Insurance Product Overview
Table 60. Berkshire Hathaway AI in Insurance Revenue (M USD) and Gross Margin (2020-2025)
Table 61. Berkshire Hathaway Business Overview
Table 62. Berkshire Hathaway Recent Developments
Table 63. Global AI in Insurance Market Size Forecast by Region (2026-2033) & (M USD)
Table 64. North America AI in Insurance Market Size Forecast by Country (2026-2033) & (M USD)
Table 65. Europe AI in Insurance Market Size Forecast by Country (2026-2033) & (M USD)
Table 66. Asia Pacific AI in Insurance Market Size Forecast by Region (2026-2033) & (M USD)
Table 67. South America AI in Insurance Market Size Forecast by Country (2026-2033) & (M USD)
Table 68. Middle East and Africa AI in Insurance Market Size Forecast by Country (2026-2033) & (M USD)
Table 69. Global AI in Insurance Market Size Forecast by Type (2026-2033) & (M USD)
Table 70. Global AI in Insurance Market Size Forecast by Application (2026-2033) & (M USD)
List of Figures
Figure 1. Industry Chain of AI in Insurance
Figure 2. Data Triangulation
Figure 3. Key Caveats
Figure 4. Global AI in Insurance Market Size (M USD), 2024-2033
Figure 5. Global AI in Insurance Market Size (M USD) (2020-2033)
Figure 6. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 7. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 8. Evaluation Matrix of Regional Market Development Potential
Figure 9. AI in Insurance Market Size by Country (M USD)
Figure 10. Company Assessment Quadrant
Figure 11. Global AI in Insurance Product Life Cycle
Figure 12. Global AI in Insurance Revenue Share by Company in 2024
Figure 13. AI in Insurance Market Share by Company Type (Tier 1, Tier 2 and Tier 3): 2024
Figure 14. The Global 5 and 10 Largest Players: Market Share by AI in Insurance Revenue in 2024
Figure 15. Value Chain Map of AI in Insurance
Figure 16. Global AI in Insurance Market PEST Analysis
Figure 17. Global AI in Insurance Market Porter's Five Forces Analysis
Figure 18. Evaluation Matrix of Segment Market Development Potential (Type)
Figure 19. Global AI in Insurance Market Share by Type
Figure 20. Market Size Share of AI in Insurance by Type (2020-2025)
Figure 21. Market Size Share of AI in Insurance by Type in 2024
Figure 22. Global AI in Insurance Market Size Growth Rate by Type (2021-2025)
Figure 23. Evaluation Matrix of Segment Market Development Potential (Application)
Figure 24. Global AI in Insurance Market Share by Application
Figure 25. Global AI in Insurance Market Share by Application (2020-2025)
Figure 26. Global AI in Insurance Market Share by Application in 2024
Figure 27. Global AI in Insurance Sales Growth Rate by Application (2020-2025)
Figure 28. Global AI in Insurance Market Size Market Share by Region (2020-2025)
Figure 29. North America AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 30. North America AI in Insurance Market Size Market Share by Country in 2024
Figure 31. U.S. AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 32. Canada AI in Insurance Market Size (M USD) and Growth Rate (2020-2025)
Figure 33. Mexico AI in Insurance Market Size (M USD) and Growth Rate (2020-2025)
Figure 34. Europe AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 35. Europe AI in Insurance Market Share by Country in 2024
Figure 36. Germany AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 37. France AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 38. U.K. AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 39. Italy AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 40. Spain AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 41. Asia Pacific AI in Insurance Market Size and Growth Rate (M USD)
Figure 42. Asia Pacific AI in Insurance Market Size Market Share by Region in 2024
Figure 43. China AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 44. Japan AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 45. South Korea AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 46. India AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 47. Southeast Asia AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 48. South America AI in Insurance Market Size and Growth Rate (M USD)
Figure 49. South America AI in Insurance Market Size Market Share by Country in 2024
Figure 50. Brazil AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 51. Argentina AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 52. Columbia AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 53. Middle East and Africa AI in Insurance Market Size and Growth Rate (M USD)
Figure 54. Middle East and Africa AI in Insurance Market Size Market Share by Region in 2024
Figure 55. Saudi Arabia AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 56. UAE AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 57. Egypt AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 58. Nigeria AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 59. South Africa AI in Insurance Market Size and Growth Rate (2020-2025) & (M USD)
Figure 60. Global AI in Insurance Market Size Forecast (2020-2033) & (M USD)
Figure 61. Global AI in Insurance Market Share Forecast by Type (2026-2033)
Figure 62. Global AI in Insurance Market Share Forecast by Application (2026-2033)


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