ID: MRFR/ICT/6993-HCR | 111 Pages | Author: Ankit Gupta | March 2024
Table of Contents
Executive Summary
Market Attractiveness Analysis
Global AI in Insurance Market, by Offerings
Global AI in Insurance Market, by Deployment Mode
Global AI in Insurance Market, by Technology
Global AI in Insurance Market, by Enterprise Size
Global AI in Insurance Market, by Application
Global AI in Insurance Market, by Region
Market Introduction
Definition
Scope of the Study
Market Structure
Key Buying Criteria
Macro Factor Indicator Analysis
Research Methodology
Research Process
Primary Research
Secondary Research
Market Size Estimation
Forecast Model
List of Assumptions
Market Dynamics
Introduction
Drivers
Growing need to automate the operational process.
Exponential growth of the insurance industry across the globe
Drivers Impact Analysis
Restraints
Uncertain regulatory status and lack of common standards
Restraints Impact Analysis
Opportunities
Increase in investment by insurance companies
Challenges
Technological Challenges
Impact of COVID-19
Impact on AI in Insurance provider
Impact on the end user
Market Factor Analysis
Value Chain Analysis/Supply Chain Analysis
Porterโs Five Forces Model
Bargaining Power of Suppliers
Bargaining Power of Buyers
Threat of New Entrants
Threat of Substitutes
Intensity of Rivalry
GLOBAL AI in Insurance Market, by Offerings
Introduction
Hardware
Software
Service
GLOBAL AI in Insurance Market, by Deployment Mode
Introduction
On-premise
Cloud
GLOBAL AI in Insurance Market, by Technology
Introduction
Deep Learning & Machine Learning
Natural Language Processing
Computer Vision
Others
GLOBAL AI in Insurance Market, by enterprise size
Introduction
Large Enterprise
SMEs
GLOBAL AI in Insurance Market, by application
Introduction
Claims Management
Risk Management and Compliance
Chatbots
Others
Global AI in Insurance Market Size Estimation & Forecast, by Region
Introduction
North America
Market Estimates & Forecast, by Country, 2018-2030
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
US
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Canada
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Mexico
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Europe
Market Estimates & Forecast, by Country, 2018-2030
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
UK
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Germany
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
France
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Rest of Europe
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Asia-Pacific
Market Estimates & Forecast, by Country, 2018-2030
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
China
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Japan
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
India
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Rest of Asia-Pacific
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Middle East & Africa
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
South America
Market Estimates & Forecast, by Offerings, 2018-2030
Market Estimates & Forecast, by Deployment Mode, 2018-2030
Market Estimates & Forecast, by Technology, 2018-2030
Market Estimates & Forecast, by Enterprise Size, 2018-2030
Market Estimates & Forecast, by Application, 2018-2030
Competitive Landscape
Introduction
Key Developments & Growth Strategies
Competitor Benchmarking
Vendor Share Analysis, 2021(% Share)
Company Profiles
Applied Systems
Cape Analytics
IBM Corporation
Microsoft Corporation
OpenText Corporation
Oracle Corporation
Pegasystems Inc
Quantemplate
Salesforce, Inc
SAP SE
SAS Institute Inc
Shift Technology
SimpleFinance
Slice Insurance Technologies
Vertafore, Inc
Zego
Zurich Insurance Group Ltd
Company Overview
Financial Overview
Solution/Services Offered
Key Developments
SWOT Analysis
Key Strategies
Market Segmentation Tab
Global AI in Insurance Regional Outlook (USD Million, 2018-2030)
ย US Outlook (USD Million, 2018-2030)
ย Europe Outlook (USD Million, 2018-2030)
ย Germany Outlook (USD Million, 2018-2030)
ย Germany AI in Insurance, By Offerings Outlook (USD Million, 2018-2030)
France Outlook (USD Million, 2018-2030)
UK Outlook (USD Million, 2018-2030)
Rest of Europe Outlook (USD Million, 2018-2030)
Asia-Pacific Outlook (USD Million, 2018-2030)
ย China Outlook (USD Million, 2018-2030)
ย China AI in Insurance, By Offerings Outlook (USD Million, 2018-2030)
ย India Outlook (USD Million, 2018-2030)
ย Japan Outlook (USD Million, 2018-2030)
ย Rest of Asia-Pacific Outlook (USD Million, 2018-2030)
ย Middle East & Africa Outlook (USD Million, 2018-2030)
ย South America Outlook (USD Million, 2018-2030)
Research Methodology on AI in Insurance Market
1. Introduction
The Artificial Intelligence in Insurance Market report provides an in-depth analysis of the current state of affairs in the market and examines the factors driving competitive dynamics along with the growth opportunities of the market rising from them. The primary objective of this report is to identify the key factors driving the market growth and their relative impact, to quantify the size and potential of this market.
The research methodology used in this report is based on primary and secondary sources of information, market surveys, interviews with industry participants, and key opinion leaders. In the secondary data source, MRFR collected information from published publications, government websites, proprietary databases, and other published reports. In the primary data source, data is collected from C-level executives and industry professionals from relevant sectors who are engaged directly or indirectly in Artificial Intelligence in the Insurance market.
2. Research Design
Data is sourced from reliable and valid sources from both primary and secondary sources. The research involves both qualitative and quantitative perspectives. Interviews were conducted using structured questionnaires with participants from different levels of the industry. The primary data is trusted and verified against other available sources for triangulation purposes and to have a more comprehensive view of the market. The research process involves data collection and analysis through a variety of procedures, including interviews and surveys, as well as secondary research.
MRFR conducted interviews with key industry players and performed in-depth analysis and validation of data collected through such interviews to identify the key trends and opinions in the market. The research team conducted ten in-depth interviews with key executives, industry experts, and potential market players in order to gain their insights and validate their perspectives.
The quantitative analysis used in the research is based on secondary and primary data gathered from reliable sources. Statistically relevant conclusions were drawn from the data gathered through primary research interviews, survey studies and from secondary sources from reliable sources. Descriptive and analytical information is collected from industry experts, industry players, and other stakeholders.
3. Market Segmentation
Artificial Intelligence in the Insurance market has been segmented based on component, technology, deployment mode, insurance sector, and region. The component segment is further categorized into solutions, platforms, and services. The technology segment is further segmented into machine learning, natural language processing, context awareness, computer vision, and others. The deployment mode is further segmented into cloud and on-premise. The insurance sector segment is further segmented into property and casualty insurance, health insurance, life insurance, and others.
4. Geographical Scope
The research report considers the global Artificial Intelligence in the Insurance market to be segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America region consists of the U.S., Canada, and Mexico.
The European region comprises Germany, France, the U.K., Italy, Spain, Netherlands, and the Rest of Europe.
The Asia Pacific region includes China, India, Japan, South Korea, and the Rest of Asia Pacific.
The Rest of the World consists of South America, the Middle East and Africa.
5. Data Analysis
Demographic parameters such as age, gender, and income level are also analyzed to gain insights into the buying patterns of customers. Various exploratory information analysis techniques are adopted such as Descriptive Analysis, regression analysis, historical trends analysis and forecasting, correlation analysis and factor analysis.