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

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.)