AI in Insurance Market Size, Share & Industry Analysis, By Application (Claims Processing, Customer Service, Underwriting, Fraud Detection and Others), By Deployment (Cloud and On Premise), By Enterprise Type (Large Enterprise and SMEs), By Technology (Machine Learning, Natural Language Processing (NLP), Computer Vision and Others), and Regional Forecast, 2026 – 2034

Last Updated: January 19, 2026 | Format: PDF | Report ID: FBI114760

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ATTRIBUTE	DETAILS
Study Period	2021-2034
Base Year	2025
Forecast Period	2026-2034
Historical Period	2021-2024
Growth Rate	CAGR of 35.7% from 2026 to 2034
Unit	Value (USD Billion)
Segmentation	By Application Claims Processing Customer Service Underwriting Fraud Detection Others (Product Development, Etc.) By Deployment Cloud On Premise By Enterprise Type SMEs Large Enterprise By Technology Machine Learning Natural Language Processing (NLP0) Computer Vision Others By Region North America (By Application, By Deployment, By Enterprise Type, By Technology and By Country) U.S. Canada Mexico Europe (By Application, By Deployment, By Enterprise Type, By Technology and By Country) U.K. Germany France Italy Spain Russia Benelux Nordics Rest of Europe Asia Pacific (By Application, By Deployment, By Enterprise Type, By Technology and By Country) China India Japan South Korea ASEAN Oceania Rest of Asia Pacific Middle East & Africa (By Application, By Deployment, By Enterprise Type, By Technology and By Country) Turkey Israel GCC North Africa South Africa Rest of Middle East & Africa South America (By Application, By Deployment, By Enterprise Type, By Technology and By Country) Brazil Argentina Rest of South America
Companies Profiled in the Report	Lemonade, Inc. (U.S.) Tractable (U.K.) ZestyAI (U.S.) FurtherAI, Inc. (U.S.) Afiniti (Bermuda) Metromile, Inc. (U.S.) Counterforce Health (U.S.) STS Software(U.S.) Root, Inc. (U.S.) Next Insurance (U.S.)