Global AI in Insurance Service Market Growth (Status and Outlook) 2025-2031
The global AI in Insurance Service market size is predicted to grow from US$ million in 2025 to US$ million in 2031; it is expected to grow at a CAGR of % from 2025 to 2031.
Artificial intelligence (AI) is playing an increasingly important role in the insurtech industry. Insurtech refers to the use of technology to improve and streamline the insurance industry, and AI is a key component of this effort. AI algorithms can analyze large amounts of data to quickly and accurately assess risk and determine appropriate premiums. This can help insurers to make more informed decisions and reduce the time and resources required for underwriting.
Key Features
- United States market for AI in Insurance Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
- China market for AI in Insurance Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
- Europe market for AI in Insurance Service is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
- Global key AI in Insurance Service players cover Cognizant, Next IT Corp, Kasisto, Cape Analytics Inc., Microsoft, etc.
Segmentation by Type
- Cloud-based
- On-Premise
Segmentation by Application
- Automotive
- Healthcare
- Information Technology
- Others
Market by Region
- Americas
- APAC
- Europe
- Middle East & Africa
Company coverage
- Cognizant
- Next IT Corp
- Kasisto
- Cape Analytics Inc.
- Microsoft
- Salesforce
- Amazon Web Services
- Lemonade
- Lexalytics
- H2O Driverless AI
Key Questions Addressed in this Report
Frequently Asked Questions
AI in Insurance Service report offers great insights of the market and consumer data and their interpretation through various figures and graphs. Report has embedded global market and regional market deep analysis through various research methodologies. The report also offers great competitor analysis of the industries and highlights the key aspect of their business like success stories, market development and growth rate.
AI in Insurance Service report is categorised based on following features:
- Global Market Players
- Geopolitical regions
- Consumer Insights
- Technological advancement
- Historic and Future Analysis of the Market
AI in Insurance Service report is designed on the six basic aspects of analysing the market, which covers the SWOT and SWAR analysis like strength, weakness, opportunity, threat, aspirations and results. This methodology helps investors to reach on to the desired and correct decision to put their capital into the market.