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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: December 16, 2025 | Format: PDF | Report ID: FBI114760

 

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  1. Introduction
    1. Definition, By Segment
    2. Research Methodology/Approach
    3. Data Sources 
  2. Executive Summary
  3. Market Dynamics
    1. Macro and Micro Economic Indicators
    2. Drivers, Restraints, Opportunities and Trends
  4. Competition Landscape
    1. Business Strategies Adopted by Key Players
    2. Consolidated SWOT Analysis of Key Players
    3. Global AI in Insurance Key Players (Top 3 – 5) Market Share/Ranking, 2025
  5. Global AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Region (USD)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East & Africa
      5. South America
  6. North America AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. U.S.
      2. Canada
      3. Mexico
  7. South America AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. Brazil
      2. Argentina
      3. Rest of South America
  8. Europe AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. U.K. 
      2. Germany 
      3. France 
      4. Italy 
      5. Spain 
      6. Russia 
      7. Benelux 
      8. Nordics 
      9. Rest of Europe 
  9. Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. Turkey
      2. Israel
      3. GCC
      4. South Africa
      5. North Africa
      6. Rest of Middle East & Africa
  10. Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. China 
      2. India 
      3. Japan
      4. South Korea
      5. ASEAN
      6. Oceania
      7. Rest of Asia Pacific
  11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
    1. Lemonade, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    2. Tractable
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    3. ZestyAI
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    4. FurtherAI, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    5. Afiniti
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    6. Metromile, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    7. Counterforce Health
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    8. STS Software
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    9. Root Insurance Company
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    10. Next Insurance
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
  12. Key Takeaways
  1. Introduction
    1. Definition, By Segment
    2. Research Methodology/Approach
    3. Data Sources 
  2. Executive Summary
  3. Market Dynamics
    1. Macro and Micro Economic Indicators
    2. Drivers, Restraints, Opportunities and Trends
  4. Competition Landscape
    1. Business Strategies Adopted by Key Players
    2. Consolidated SWOT Analysis of Key Players
    3. Global AI in Insurance Key Players (Top 3 – 5) Market Share/Ranking, 2025
  5. Global AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Region (USD)
      1. North America
      2. Europe
      3. Asia Pacific
      4. Middle East & Africa
      5. South America
  6. North America AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. U.S.
      2. Canada
      3. Mexico
  7. South America AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. Brazil
      2. Argentina
      3. Rest of South America
  8. Europe AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. U.K. 
      2. Germany 
      3. France 
      4. Italy 
      5. Spain 
      6. Russia 
      7. Benelux 
      8. Nordics 
      9. Rest of Europe 
  9. Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. Turkey
      2. Israel
      3. GCC
      4. South Africa
      5. North Africa
      6. Rest of Middle East & Africa
  10. Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Segments, 2021-2034
    1. Key Findings
    2. By Enterprise Type (USD)
      1. Claims Processing
      2. Customer Service
      3. Underwriting
      4. Fraud Detection
      5. Others (Product Development, Etc.) 
    3. By Deployment (USD)
      1. Cloud
      2. On Premise
    4. By Enterprise Type (USD)
      1. Large Enterprise
      2. SMEs 
    5. By Technology (USD)
      1. Machine Learning
      2. Natural Language Processing (NLP0
      3. Computer Vision
      4. Others
    6. By Country (USD)
      1. China 
      2. India 
      3. Japan
      4. South Korea
      5. ASEAN
      6. Oceania
      7. Rest of Asia Pacific
  11. Company Profiles for Top 10 Players (Based on data availability in public domain and/or on paid databases)
    1. Lemonade, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    2. Tractable
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    3. ZestyAI
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    4. FurtherAI, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    5. Afiniti
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    6. Metromile, Inc.
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    7. Counterforce Health
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    8. STS Software
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    9. Root Insurance Company
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
    10. Next Insurance
      1. Overview
        1. Key Management
        2. Headquarters
        3. Offerings/Business Segments
      2. Key Details (Key details are consolidated data and not product/service specific)
        1. Employee Size
        2. Past and Current Revenue
        3. Geographical Share
        4. Business Segment Share
        5. Recent Developments
  12. Key Takeaways
Read Less

Figure 1: Global AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 2: Global AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 3: Global AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 4: Global AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 5: Global AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 6: Global AI in Insurance Market Revenue Share (%), By Region, 2025 and 2034

Figure 7: North America AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 8: North America AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 9: North America AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 10: North America AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 11: North America AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 12: North America AI in Insurance Market Revenue Share (%), By Country, 2025 and 2034

Figure 13: Europe AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 14: Europe AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 15: Europe AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 16: Europe AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 17: Europe AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 18: Europe AI in Insurance Market Revenue Share (%), By Country, 2025 and 2034

Figure 19: Asia Pacific AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 20: Asia Pacific AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 21: Asia Pacific AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 22: Asia Pacific AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 23: Asia Pacific AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 24: Asia Pacific AI in Insurance Market Revenue Share (%), By Country, 2025 and 2034

Figure 25: Middle East & Africa AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 26: Middle East & Africa AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 27: Middle East & Africa AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 28: Middle East & Africa AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 29: Middle East & Africa AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 30: Middle East & Africa AI in Insurance Market Revenue Share (%), By Country, 2025 and 2034

Figure 31: South America AI in Insurance Market Revenue Share (%), 2025 and 2034

Figure 32: South America AI in Insurance Market Revenue Share (%), By Application, 2025 and 2034

Figure 33: South America AI in Insurance Market Revenue Share (%), By Deployment, 2025 and 2034

Figure 34: South America AI in Insurance Market Revenue Share (%), By Enterprise Type, 2025 and 2034

Figure 35: South America AI in Insurance Market Revenue Share (%), By Technology, 2025 and 2034

Figure 36: South America AI in Insurance Market Revenue Share (%), By Country, 2025 and 2034

Figure 37: Global AI in Insurance Key Players' Market Share/Ranking (%), 2025

Table 1: Global AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 2: Global AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 3: Global AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 4: Global AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 5: Global AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 6: Global AI in Insurance Market Size Estimates and Forecasts, By Region, 2021 – 2034

Table 7: North America AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 8: North America AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 9: North America AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 10: North America AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 11: North America AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 12: North America AI in Insurance Market Size Estimates and Forecasts, By Country, 2021 – 2034

Table 13: Europe AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 14: Europe AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 15: Europe AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 16: Europe AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 17: Europe AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 18: Europe AI in Insurance Market Size Estimates and Forecasts, By Country, 2021 – 2034

Table 19: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 20: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 21: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 22: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 23: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 24: Asia Pacific AI in Insurance Market Size Estimates and Forecasts, By Country, 2021 – 2034

Table 25: Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 26: Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 27: Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 28:  Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 29:  Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 30: Middle East & Africa AI in Insurance Market Size Estimates and Forecasts, By Country, 2021 – 2034

Table 31: South America AI in Insurance Market Size Estimates and Forecasts, 2021 – 2034

Table 32: South America AI in Insurance Market Size Estimates and Forecasts, By Application, 2021 – 2034

Table 33: South America AI in Insurance Market Size Estimates and Forecasts, By Deployment, 2021 – 2034

Table 34: South America AI in Insurance Market Size Estimates and Forecasts, By Enterprise Type, 2021 – 2034

Table 35: South America AI in Insurance Market Size Estimates and Forecasts, By Technology, 2021 – 2034

Table 36: South America AI in Insurance Market Size Estimates and Forecasts, By Country, 2021 – 2034

AI in Insurance Market
  • 2021-2034
  • 2025
  • 2021-2024
  • 90
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