Global Artificial Intelligence (AI) in Insurance Market Research Report 2024

Publication ID:

PB506244911

Publication Date:

June 17, 2024

Pages:

Publisher:

MRRPB5

Countries:

Global [1]

USD 2,900.00

IT Services [2]

Computing & Electronics [3]

Description:

Artificial intelligence (AI) plays a key role in insurance scam detection by detecting false claims. As a result, insurers can achieve an efficient and effective claims management system. Insurance AI algorithms can analyze huge amounts of data rapidly to find patterns and spot anomalies that don't fit the patterns.
The global Artificial Intelligence (AI) in Insurance market was valued at US$ 469 million in 2023 and is anticipated to reach US$ 1123.1 million by 2030, witnessing a CAGR of 15.3% during the forecast period 2024-2030.
China and the United States are two leaders in AI industry. On the AI 100 list (2022) released by CB Insights, the number of companies in the United States ranks first, with more than 70 companies, followed by the United Kingdom, with 8 companies on the list. China and Canada both holds 5 companies on the list. According to data from the China Academy of Information and Communications Technology, the scale of China's core artificial intelligence industry reached 楼508 billion in 2022, a year-on-year increase of 18%. From 2013 to November 2022, the cumulative number of patent applications for artificial intelligence inventions in the world reached 729,000, and the cumulative number of applications in China reached 389,000, accounting for 53.4%. However, the Global Artificial Intelligence Innovation Index Report 2021 released by the China Institute of Scientific and Technological Information shows that the overall strength of the United States is still far ahead. The number of artificial intelligence companies in the United States is about 4,670, while China has only 880. China's data center is less than 1/68 of that of the United States.
This report aims to provide a comprehensive presentation of the global market for Artificial Intelligence (AI) in Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Artificial Intelligence (AI) in Insurance.
Report Scope
The Artificial Intelligence (AI) in Insurance market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Artificial Intelligence (AI) in Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Artificial Intelligence (AI) in Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Google
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation
Segment by Type
Software
Platform
Segment by Application
Life Insurance
Car Insurance
Property Insurance
Other
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by 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 market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Artificial Intelligence (AI) in Insurance companies鈥� competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by 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 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It 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 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.

Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.

Table Of Contents:

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Artificial Intelligence (AI) in Insurance Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Software
1.2.3 Platform
1.3 Market by Application
1.3.1 Global Artificial Intelligence (AI) in Insurance Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Life Insurance
1.3.3 Car Insurance
1.3.4 Property Insurance
1.3.5 Other
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Artificial Intelligence (AI) in Insurance Market Perspective (2019-2030)
2.2 Artificial Intelligence (AI) in Insurance Growth Trends by Region
2.2.1 Global Artificial Intelligence (AI) in Insurance Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Artificial Intelligence (AI) in Insurance Historic Market Size by Region (2019-2024)
2.2.3 Artificial Intelligence (AI) in Insurance Forecasted Market Size by Region (2025-2030)
2.3 Artificial Intelligence (AI) in Insurance Market Dynamics
2.3.1 Artificial Intelligence (AI) in Insurance Industry Trends
2.3.2 Artificial Intelligence (AI) in Insurance Market Drivers
2.3.3 Artificial Intelligence (AI) in Insurance Market Challenges
2.3.4 Artificial Intelligence (AI) in Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Artificial Intelligence (AI) in Insurance Players by Revenue
3.1.1 Global Top Artificial Intelligence (AI) in Insurance Players by Revenue (2019-2024)
3.1.2 Global Artificial Intelligence (AI) in Insurance Revenue Market Share by Players (2019-2024)
3.2 Global Artificial Intelligence (AI) in Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Artificial Intelligence (AI) in Insurance Revenue
3.4 Global Artificial Intelligence (AI) in Insurance Market Concentration Ratio
3.4.1 Global Artificial Intelligence (AI) in Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Artificial Intelligence (AI) in Insurance Revenue in 2023
3.5 Artificial Intelligence (AI) in Insurance Key Players Head office and Area Served
3.6 Key Players Artificial Intelligence (AI) in Insurance Product Solution and Service
3.7 Date of Enter into Artificial Intelligence (AI) in Insurance Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Artificial Intelligence (AI) in Insurance Breakdown Data by Type
4.1 Global Artificial Intelligence (AI) in Insurance Historic Market Size by Type (2019-2024)
4.2 Global Artificial Intelligence (AI) in Insurance Forecasted Market Size by Type (2025-2030)
5 Artificial Intelligence (AI) in Insurance Breakdown Data by Application
5.1 Global Artificial Intelligence (AI) in Insurance Historic Market Size by Application (2019-2024)
5.2 Global Artificial Intelligence (AI) in Insurance Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Artificial Intelligence (AI) in Insurance Market Size (2019-2030)
6.2 North America Artificial Intelligence (AI) in Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Artificial Intelligence (AI) in Insurance Market Size by Country (2019-2024)
6.4 North America Artificial Intelligence (AI) in Insurance Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Artificial Intelligence (AI) in Insurance Market Size (2019-2030)
7.2 Europe Artificial Intelligence (AI) in Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Artificial Intelligence (AI) in Insurance Market Size by Country (2019-2024)
7.4 Europe Artificial Intelligence (AI) in Insurance Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Artificial Intelligence (AI) in Insurance Market Size (2019-2030)
8.2 Asia-Pacific Artificial Intelligence (AI) in Insurance Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Artificial Intelligence (AI) in Insurance Market Size by Region (2019-2024)
8.4 Asia-Pacific Artificial Intelligence (AI) in Insurance Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Artificial Intelligence (AI) in Insurance Market Size (2019-2030)
9.2 Latin America Artificial Intelligence (AI) in Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Artificial Intelligence (AI) in Insurance Market Size by Country (2019-2024)
9.4 Latin America Artificial Intelligence (AI) in Insurance Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Artificial Intelligence (AI) in Insurance Market Size (2019-2030)
10.2 Middle East & Africa Artificial Intelligence (AI) in Insurance Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Artificial Intelligence (AI) in Insurance Market Size by Country (2019-2024)
10.4 Middle East & Africa Artificial Intelligence (AI) in Insurance Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Google
11.1.1 Google Company Detail
11.1.2 Google Business Overview
11.1.3 Google Artificial Intelligence (AI) in Insurance Introduction
11.1.4 Google Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.1.5 Google Recent Development
11.2 Microsoft Corporation
11.2.1 Microsoft Corporation Company Detail
11.2.2 Microsoft Corporation Business Overview
11.2.3 Microsoft Corporation Artificial Intelligence (AI) in Insurance Introduction
11.2.4 Microsoft Corporation Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.2.5 Microsoft Corporation Recent Development
11.3 Amazon Web Services Inc
11.3.1 Amazon Web Services Inc Company Detail
11.3.2 Amazon Web Services Inc Business Overview
11.3.3 Amazon Web Services Inc Artificial Intelligence (AI) in Insurance Introduction
11.3.4 Amazon Web Services Inc Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.3.5 Amazon Web Services Inc Recent Development
11.4 IBM Corporation
11.4.1 IBM Corporation Company Detail
11.4.2 IBM Corporation Business Overview
11.4.3 IBM Corporation Artificial Intelligence (AI) in Insurance Introduction
11.4.4 IBM Corporation Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.4.5 IBM Corporation Recent Development
11.5 Avaamo Inc
11.5.1 Avaamo Inc Company Detail
11.5.2 Avaamo Inc Business Overview
11.5.3 Avaamo Inc Artificial Intelligence (AI) in Insurance Introduction
11.5.4 Avaamo Inc Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.5.5 Avaamo Inc Recent Development
11.6 Baidu Inc
11.6.1 Baidu Inc Company Detail
11.6.2 Baidu Inc Business Overview
11.6.3 Baidu Inc Artificial Intelligence (AI) in Insurance Introduction
11.6.4 Baidu Inc Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.6.5 Baidu Inc Recent Development
11.7 Cape Analytics LLC
11.7.1 Cape Analytics LLC Company Detail
11.7.2 Cape Analytics LLC Business Overview
11.7.3 Cape Analytics LLC Artificial Intelligence (AI) in Insurance Introduction
11.7.4 Cape Analytics LLC Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.7.5 Cape Analytics LLC Recent Development
11.8 Oracle Corporation
11.8.1 Oracle Corporation Company Detail
11.8.2 Oracle Corporation Business Overview
11.8.3 Oracle Corporation Artificial Intelligence (AI) in Insurance Introduction
11.8.4 Oracle Corporation Revenue in Artificial Intelligence (AI) in Insurance Business (2019-2024)
11.8.5 Oracle Corporation Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details

Companies Mentioned:

Google
Microsoft Corporation
Amazon Web Services Inc
IBM Corporation
Avaamo Inc
Baidu Inc
Cape Analytics LLC
Oracle Corporation

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