Service & Software

AI in Insurance - Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030

The global market for AI in Insurance was estimated to be worth US$ million in 2023 and is forecast to a readjusted size of US$ million by 2030 with a CAGR of % during the forecast period 2024-2030.
As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate €9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.37%, including software, hardware and services.
Report Scope
This report aims to provide a comprehensive presentation of the global market for AI in Insurance, focusing on the total sales revenue, key companies market share and ranking, together with an analysis of AI in Insurance by region & country, by Type, and by Application.
The AI in Insurance market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. 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 AI in Insurance.
Market Segmentation
By Company
AIA Group Ltd
AIG
Allianz SE
AXA
Berkshire Hathaway
Segment by Type:
Cloud
On-Premise
Segment by Application
Chatbots & Virtual Assistance
Fraud Detection
Customer Relationship Management
Cybersecurity
Payment Gateways
Financial Transactions
Other
By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of AI in Insurance manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: 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 4: 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 5: Revenue of AI in Insurance in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of AI in Insurance in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
1 Market Overview
1.1 AI in Insurance Product Introduction
1.2 Global AI in Insurance Market Size Forecast
1.3 AI in Insurance Market Trends & Drivers
1.3.1 AI in Insurance Industry Trends
1.3.2 AI in Insurance Market Drivers & Opportunity
1.3.3 AI in Insurance Market Challenges
1.3.4 AI in Insurance Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global AI in Insurance Players Revenue Ranking (2023)
2.2 Global AI in Insurance Revenue by Company (2019-2024)
2.3 Key Companies AI in Insurance Manufacturing Base Distribution and Headquarters
2.4 Key Companies AI in Insurance Product Offered
2.5 Key Companies Time to Begin Mass Production of AI in Insurance
2.6 AI in Insurance Market Competitive Analysis
2.6.1 AI in Insurance Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by AI in Insurance Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AI in Insurance as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Cloud
3.1.2 On-Premise
3.2 Global AI in Insurance Sales Value by Type
3.2.1 Global AI in Insurance Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global AI in Insurance Sales Value, by Type (2019-2030)
3.2.3 Global AI in Insurance Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Chatbots & Virtual Assistance
4.1.2 Fraud Detection
4.1.3 Customer Relationship Management
4.1.4 Cybersecurity
4.1.5 Payment Gateways
4.1.6 Financial Transactions
4.1.7 Other
4.2 Global AI in Insurance Sales Value by Application
4.2.1 Global AI in Insurance Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global AI in Insurance Sales Value, by Application (2019-2030)
4.2.3 Global AI in Insurance Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global AI in Insurance Sales Value by Region
5.1.1 Global AI in Insurance Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global AI in Insurance Sales Value by Region (2019-2024)
5.1.3 Global AI in Insurance Sales Value by Region (2025-2030)
5.1.4 Global AI in Insurance Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America AI in Insurance Sales Value, 2019-2030
5.2.2 North America AI in Insurance Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe AI in Insurance Sales Value, 2019-2030
5.3.2 Europe AI in Insurance Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific AI in Insurance Sales Value, 2019-2030
5.4.2 Asia Pacific AI in Insurance Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America AI in Insurance Sales Value, 2019-2030
5.5.2 South America AI in Insurance Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa AI in Insurance Sales Value, 2019-2030
5.6.2 Middle East & Africa AI in Insurance Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions AI in Insurance Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions AI in Insurance Sales Value
6.3 United States
6.3.1 United States AI in Insurance Sales Value, 2019-2030
6.3.2 United States AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.3.3 United States AI in Insurance Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe AI in Insurance Sales Value, 2019-2030
6.4.2 Europe AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe AI in Insurance Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China AI in Insurance Sales Value, 2019-2030
6.5.2 China AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.5.3 China AI in Insurance Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan AI in Insurance Sales Value, 2019-2030
6.6.2 Japan AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan AI in Insurance Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea AI in Insurance Sales Value, 2019-2030
6.7.2 South Korea AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea AI in Insurance Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia AI in Insurance Sales Value, 2019-2030
6.8.2 Southeast Asia AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia AI in Insurance Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India AI in Insurance Sales Value, 2019-2030
6.9.2 India AI in Insurance Sales Value by Type (%), 2023 VS 2030
6.9.3 India AI in Insurance Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 AIA Group Ltd
7.1.1 AIA Group Ltd Profile
7.1.2 AIA Group Ltd Main Business
7.1.3 AIA Group Ltd AI in Insurance Products, Services and Solutions
7.1.4 AIA Group Ltd AI in Insurance Revenue (US$ Million) & (2019-2024)
7.1.5 AIA Group Ltd Recent Developments
7.2 AIG
7.2.1 AIG Profile
7.2.2 AIG Main Business
7.2.3 AIG AI in Insurance Products, Services and Solutions
7.2.4 AIG AI in Insurance Revenue (US$ Million) & (2019-2024)
7.2.5 AIG Recent Developments
7.3 Allianz SE
7.3.1 Allianz SE Profile
7.3.2 Allianz SE Main Business
7.3.3 Allianz SE AI in Insurance Products, Services and Solutions
7.3.4 Allianz SE AI in Insurance Revenue (US$ Million) & (2019-2024)
7.3.5 AXA Recent Developments
7.4 AXA
7.4.1 AXA Profile
7.4.2 AXA Main Business
7.4.3 AXA AI in Insurance Products, Services and Solutions
7.4.4 AXA AI in Insurance Revenue (US$ Million) & (2019-2024)
7.4.5 AXA Recent Developments
7.5 Berkshire Hathaway
7.5.1 Berkshire Hathaway Profile
7.5.2 Berkshire Hathaway Main Business
7.5.3 Berkshire Hathaway AI in Insurance Products, Services and Solutions
7.5.4 Berkshire Hathaway AI in Insurance Revenue (US$ Million) & (2019-2024)
7.5.5 Berkshire Hathaway Recent Developments
8 Industry Chain Analysis
8.1 AI in Insurance Industrial Chain
8.2 AI in Insurance Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 AI in Insurance Sales Model
8.5.2 Sales Channel
8.5.3 AI in Insurance Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
List of Tables
Table 1. AI in Insurance Market Trends
Table 2. AI in Insurance Market Drivers & Opportunity
Table 3. AI in Insurance Market Challenges
Table 4. AI in Insurance Market Restraints
Table 5. Global AI in Insurance Revenue by Company (2019-2024) & (US$ Million)
Table 6. Global AI in Insurance Revenue Market Share by Company (2019-2024)
Table 7. Key Companies AI in Insurance Manufacturing Base Distribution and Headquarters
Table 8. Key Companies AI in Insurance Product Type
Table 9. Key Companies Time to Begin Mass Production of AI in Insurance
Table 10. Global AI in Insurance Companies Market Concentration Ratio (CR5 and HHI)
Table 11. Global Top Companies Market Share by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AI in Insurance as of 2023)
Table 12. Mergers & Acquisitions, Expansion Plans
Table 13. Global AI in Insurance Sales Value by Type: 2019 VS 2023 VS 2030 (US$ Million)
Table 14. Global AI in Insurance Sales Value by Type (2019-2024) & (US$ Million)
Table 15. Global AI in Insurance Sales Value by Type (2025-2030) & (US$ Million)
Table 16. Global AI in Insurance Sales Market Share in Value by Type (2019-2024) & (%)
Table 17. Global AI in Insurance Sales Market Share in Value by Type (2025-2030) & (%)
Table 18. Global AI in Insurance Sales Value by Application: 2019 VS 2023 VS 2030 (US$ Million)
Table 19. Global AI in Insurance Sales Value by Application (2019-2024) & (US$ Million)
Table 20. Global AI in Insurance Sales Value by Application (2025-2030) & (US$ Million)
Table 21. Global AI in Insurance Sales Market Share in Value by Application (2019-2024) & (%)
Table 22. Global AI in Insurance Sales Market Share in Value by Application (2025-2030) & (%)
Table 23. Global AI in Insurance Sales Value by Region: 2019 VS 2023 VS 2030 (US$ Million)
Table 24. Global AI in Insurance Sales Value by Region (2019-2024) & (US$ Million)
Table 25. Global AI in Insurance Sales Value by Region (2025-2030) & (US$ Million)
Table 26. Global AI in Insurance Sales Value by Region (2019-2024) & (%)
Table 27. Global AI in Insurance Sales Value by Region (2025-2030) & (%)
Table 28. Key Countries/Regions AI in Insurance Sales Value Growth Trends, (US$ Million): 2019 VS 2023 VS 2030
Table 29. Key Countries/Regions AI in Insurance Sales Value, (2019-2024) & (US$ Million)
Table 30. Key Countries/Regions AI in Insurance Sales Value, (2025-2030) & (US$ Million)
Table 31. AIA Group Ltd Basic Information List
Table 32. AIA Group Ltd Description and Business Overview
Table 33. AIA Group Ltd AI in Insurance Products, Services and Solutions
Table 34. Revenue (US$ Million) in AI in Insurance Business of AIA Group Ltd (2019-2024)
Table 35. AIA Group Ltd Recent Developments
Table 36. AIG Basic Information List
Table 37. AIG Description and Business Overview
Table 38. AIG AI in Insurance Products, Services and Solutions
Table 39. Revenue (US$ Million) in AI in Insurance Business of AIG (2019-2024)
Table 40. AIG Recent Developments
Table 41. Allianz SE Basic Information List
Table 42. Allianz SE Description and Business Overview
Table 43. Allianz SE AI in Insurance Products, Services and Solutions
Table 44. Revenue (US$ Million) in AI in Insurance Business of Allianz SE (2019-2024)
Table 45. Allianz SE Recent Developments
Table 46. AXA Basic Information List
Table 47. AXA Description and Business Overview
Table 48. AXA AI in Insurance Products, Services and Solutions
Table 49. Revenue (US$ Million) in AI in Insurance Business of AXA (2019-2024)
Table 50. AXA Recent Developments
Table 51. Berkshire Hathaway Basic Information List
Table 52. Berkshire Hathaway Description and Business Overview
Table 53. Berkshire Hathaway AI in Insurance Products, Services and Solutions
Table 54. Revenue (US$ Million) in AI in Insurance Business of Berkshire Hathaway (2019-2024)
Table 55. Berkshire Hathaway Recent Developments
Table 56. Key Raw Materials Lists
Table 57. Raw Materials Key Suppliers Lists
Table 58. AI in Insurance Downstream Customers
Table 59. AI in Insurance Distributors List
Table 60. Research Programs/Design for This Report
Table 61. Key Data Information from Secondary Sources
Table 62. Key Data Information from Primary Sources
Table 63. Business Unit and Senior & Team Lead Analysts
List of Figures
Figure 1. AI in Insurance Product Picture
Figure 2. Global AI in Insurance Sales Value, 2019 VS 2023 VS 2030 (US$ Million)
Figure 3. Global AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 4. AI in Insurance Report Years Considered
Figure 5. Global AI in Insurance Players Revenue Ranking (2023) & (US$ Million)
Figure 6. The 5 and 10 Largest Manufacturers in the World: Market Share by AI in Insurance Revenue in 2023
Figure 7. AI in Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3): 2019 VS 2023
Figure 8. Cloud Picture
Figure 9. On-Premise Picture
Figure 10. Global AI in Insurance Sales Value by Type (2019 VS 2023 VS 2030) & (US$ Million)
Figure 11. Global AI in Insurance Sales Value Market Share by Type, 2023 & 2030
Figure 12. Product Picture of Chatbots & Virtual Assistance
Figure 13. Product Picture of Fraud Detection
Figure 14. Product Picture of Customer Relationship Management
Figure 15. Product Picture of Cybersecurity
Figure 16. Product Picture of Payment Gateways
Figure 17. Product Picture of Financial Transactions
Figure 18. Product Picture of Other
Figure 19. Global AI in Insurance Sales Value by Application (2019 VS 2023 VS 2030) & (US$ Million)
Figure 20. Global AI in Insurance Sales Value Market Share by Application, 2023 & 2030
Figure 21. North America AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 22. North America AI in Insurance Sales Value by Country (%), 2023 VS 2030
Figure 23. Europe AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 24. Europe AI in Insurance Sales Value by Country (%), 2023 VS 2030
Figure 25. Asia Pacific AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 26. Asia Pacific AI in Insurance Sales Value by Country (%), 2023 VS 2030
Figure 27. South America AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 28. South America AI in Insurance Sales Value by Country (%), 2023 VS 2030
Figure 29. Middle East & Africa AI in Insurance Sales Value (2019-2030) & (US$ Million)
Figure 30. Middle East & Africa AI in Insurance Sales Value by Country (%), 2023 VS 2030
Figure 31. Key Countries/Regions AI in Insurance Sales Value (%), (2019-2030)
Figure 32. United States AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 33. United States AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 34. United States AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 35. Europe AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 36. Europe AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 37. Europe AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 38. China AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 39. China AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 40. China AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 41. Japan AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 42. Japan AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 43. Japan AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 44. South Korea AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 45. South Korea AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 46. South Korea AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 47. Southeast Asia AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 48. Southeast Asia AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 49. Southeast Asia AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 50. India AI in Insurance Sales Value, (2019-2030) & (US$ Million)
Figure 51. India AI in Insurance Sales Value by Type (%), 2023 VS 2030
Figure 52. India AI in Insurance Sales Value by Application (%), 2023 VS 2030
Figure 53. AI in Insurance Industrial Chain
Figure 54. AI in Insurance Manufacturing Cost Structure
Figure 55. Channels of Distribution (Direct Sales, and Distribution)
Figure 56. Bottom-up and Top-down Approaches for This Report
Figure 57. Data Triangulation
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