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AI in Insurance Market Size, Share | Growth Opportunities

The global ai in insurance market size was valued at $2.74 billion in 2021, and is projected to reach $45.74 billion by 2031, growing at a CAGR of 32.56% from 2022 to 2031.

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AI in Insurance Market Size, Share | Growth Opportunities

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  1. AI in Insurance Market Overview The ai in insurance market was valued at $2.74 billion in 2021, and is estimated to reach $45.74 billion by 2031, growing at a CAGR of 32.56% from 2022 to 2031. Download Sample Report: Artificial intelligence in insurance sector helps in accelerating claims processing, underwriting, fraud detection, and customer service. Artificial intelligence (AI) can help insurers assess risk, detect fraud, and reduce human error in the application process. Moreover, machine learning tools can rapidly determine what’s involved in a claim and forecast the potential costs involved. They analyze images, sensors and the insurer’s historical data. In addition, ai insurance organization helps insurer to look over the AI’s results to verify them and settle the claim. Furthermore, the key ai in insurance market trends include increase in investment by insurance companies in AI & machine learning and rise in preference for personalized insurance services boosting the growth of the global AI in insurance market.

  2. COVID-19 Impact

  3. KEY FINDINGS OF THE STUDY By component, the software segment accounted for the largest AI in insurance market share in 2020. Region wise, North America generated highest revenue in 2020. Depending on application, the lead management generated the highest revenue in 2020.

  4. Key Players The key players profiled in the AI in insurance market analysis are Clearbit, Demandbase, Inc., Dun & Bradstreet Corporation, Data Axle, HG Insights, InsideView, LinkedIn Corporation, Oracle Corporation, ZoomInfo Technologies LLC, and Zoho Corporation. These players have adopted various strategies to increase their market penetration and strengthen their position in the AI in insurance industry.

  5. AI in Insurance Market Report Highlights By Deployment Model By Offering By End-user On-premise Cloud Hardware Software Service Life and Health Insurance Property and Casualty Insurance By Technology By Enterprise Size By Application Machine Learning Natural Language Processing Computer Vision Others Fraud Detection and Credit Analysis Customer Profiling and Segmentation Product and Policy Design Underwriting and Claims Assessment Large Enterprises SMEs

  6. By Region

  7. Contact Us David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free: 1-800-792-5285 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1-855-550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com

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