AI in Insurance Market Covid 19 - Future Prospects, Regional Study to 2025


AI in insurance is a major market expected to unleash disruptive potential in the industry. The insurance sector is likely to use AI to optimize its services and offerings over the next couple of years. Market Research Future MRFR has asserted in its report that the global AI in insurance market is anticipated to strike a high growth rate over the forecast period. This report also unveils a study of the market divergences that are poised to influence the growth trajectory of the market.

The market is enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on market highlights the future prediction and the growth alternatives that can be created.

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Market segmentation:

The segments of the AI in insurance market, on the basis of component, are hardware, software, and services.

On the basis of technology, the segmental analysis of the Ai in insurance market covers deep learning, machine vision, natural language processing (NLP), and robotic automation.

The segments of the AI in insurance market based on deployment are on-cloud and on-premise.

The segments of the AI in insurance market, on the basis of application, are claims processing, personalized recommendation, risk management and compliance, chatbots, and others.

On the basis of sector,  AI in Insurance Market Covid 19 has been segmented into life insurance, title insurance, auto insurance, health insurance, and others.

Regional Analysis:

The regional segments identified for the study of the AI in insurance market are – Asia Pacific (APAC), the Middle East & Africa (MEA), North America, South America, and Europe. North America is expected to have a dominant share if the market during the assessment period. This is supported by the rising adoption of digital technologies in the insurance sector. The U.S. is likely to witness the highest growth in the regional AI in insurance market.

Competitive Dashboard:

Microsoft Corporation (US), IBM Corporation (US), Amazon Web Services Inc. (US), Avaamo Inc (US), Wipro Limited (India), Cape Analytics LLC (US), ZhongAn (China), Shift Technology (France), Acko General Insurance (India), BIMA (UK), Quantemplate (US), Lemonade (US), Trov (Japan), Zurich Insurance Group (Switzerland), and Slice (US) are some of the key players of the global AI in insurance market. Other players anticipated to hold considerable share of the market in the coming years are – Insurify (US), PolicyPal (Singapore), Insurmi (US), Planck Re (US), and Tractable (UK).

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About Market Research Future: 

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients.


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