Artificial Intelligence in Insurance Market By Component (Software, Services, Hardware), By Technology (Machine Learning (ML), Natural Language Processing (NLP), Computer Vision, Robotic Process Automation (RPA), Predictive Analytics, Speech Recognition, Chatbots, Context-Aware Computing), By Application (Claims Processing & Management, Underwriting, Fraud Detection & Prevention, Risk Management, Customer Service, Pricing & Product Optimization, Policy Administration, Sales & Marketing, Others), By Deployment Mode (On-Premise, Cloud-Based), By Insurance Type (Life Insurance, Health Insurance, Property & Casualty Insurance, Auto Insurance, Travel Insurance, Reinsurance, Commercial Insurance), By End User (Insurance Companies, Third-party Administrators, Brokers and Agents, Insurtech Companies, Reinsurance Providers), Global Market Size, Segmental analysis, Regional Overview, Company share analysis, Leading Company Profiles and Market Forecast, 2025 – 2035

Table of Contents

1. Methodology & Report Coverage

1.1. Definition & Objective

1.2. Market Evaluation & forecast parameter

1.3. Research Methodology

1.4. Data Validation Sources

1.4.1. Secondary Research

1.4.2. Primary Research

2. Market Overview

3. Artificial Intelligence in Insurance Market: Market Dynamics

3.1. Executive Summary

3.2. Market Driving Factors

3.2.1. AI helps automate routine tasks like claims processing, reducing human effort and speeding up services.

3.2.2. It enables insurers to use predictive analytics for better risk assessment and pricing strategies.

3.2.3. AI enhances customer experience through 24/7 chatbots and personalized policy recommendations.

3.3. Key industry pitfalls & challenges

3.3.1. High implementation costs make AI adoption difficult for small and mid-sized insurers.

3.3.2. Concerns over data privacy and security slow down the integration of AI technologies.

3.3.3. The shortage of professionals skilled in both AI and insurance limits its effective use.

3.4. Market Opportunities

3.4.1. AI can improve fraud detection by identifying suspicious patterns in real-time.

3.4.2. It offers the ability to create personalized insurance products based on individual data.

3.4.3. AI enables the development of usage-based insurance by analyzing customer behavior data, such as driving habits.

3.5. Porter’s Five Forces Analysis

3.6. PESTLE Analysis

3.7. Regulatory landscape

3.8. Investment Landscape

3.9. ESG Scenario

3.10. Competitive landscape

3.10.1. Company Market Share

3.10.2. Market Positioning

3.10.3. Strategy framework

3.10.4. Recent Acquisitions & Mergers

4. Artificial Intelligence in Insurance Market, Component Segment Analysis

4.1. Overview Dynamics

4.1.1. Market Revenue Share, By Component, 2025 & 2035

4.1.2. Key Market Trends, Growth Factors, & Opportunities

4.2. Software

4.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

4.3. Services

4.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

4.4. Hardware

4.4.1. Market Size and Forecast, 2025-2035 (USD Billion)

5. Artificial Intelligence in Insurance Market, Technology Segment Analysis

5.1. Overview

5.1.1. Market Revenue Share, By Technology, 2025 & 2035

5.1.2. Key Market Trends, Growth Factors, & Opportunities

5.2. Machine Learning (ML)

5.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.3. Natural Language Processing (NLP)

5.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.4. Computer Vision

5.4.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.5. Robotic Process Automation (RPA)

5.5.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.6. Predictive Analytics

5.6.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.7. Speech Recognition

5.7.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.8. Chatbots

5.8.1. Market Size and Forecast, 2025-2035 (USD Billion)

5.9. Context-Aware Computing

5.9.1. Market Size and Forecast, 2025-2035 (USD Billion)

6. Artificial Intelligence in Insurance Market, Application Segment Analysis

6.1. Overview

6.1.1. Market Revenue Share, By Application, 2025 & 2035

6.1.2. Key Market Trends, Growth Factors, & Opportunities

6.2. Claims Processing & Management

6.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.3. Underwriting

6.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.4. Fraud Detection & Prevention

6.4.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.5. Risk Management

6.5.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.6. Customer Service

6.6.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.7. Pricing & Product Optimization

6.7.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.8. Policy Administration

6.8.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.9. Sales & Marketing

6.9.1. Market Size and Forecast, 2025-2035 (USD Billion)

6.10. Others

6.10.1. Market Size and Forecast, 2025-2035 (USD Billion)

7. Artificial Intelligence in Insurance Market, Deployment Mode Segment Analysis

7.1. Overview

7.1.1. Market Revenue Share, By Deployment Mode, 2025 & 2035

7.1.2. Key Market Trends, Growth Factors, & Opportunities

7.2. On-Premise

7.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

7.3. Cloud-Based

7.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

8. Artificial Intelligence in Insurance Market, Insurance Type Segment Analysis

8.1. Overview

8.1.1. Market Revenue Share, By Insurance Type, 2025 & 2035

8.1.2. Key Market Trends, Growth Factors, & Opportunities

8.2. Life Insurance

8.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.3. Health Insurance

8.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.4. Property & Casualty Insurance

8.4.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.5. Auto Insurance

8.5.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.6. Travel Insurance

8.6.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.7. Reinsurance

8.7.1. Market Size and Forecast, 2025-2035 (USD Billion)

8.8. Commercial Insurance

8.8.1. Market Size and Forecast, 2025-2035 (USD Billion)

9. Artificial Intelligence in Insurance Market, End-user Segment Analysis

9.1. Overview

9.1.1. Market Revenue Share, By End-user, 2025 & 2035

9.1.2. Key Market Trends, Growth Factors, & Opportunities

9.2. Insurance Companies

9.2.1. Market Size and Forecast, 2025-2035 (USD Billion)

9.3. Third-party Administrators

9.3.1. Market Size and Forecast, 2025-2035 (USD Billion)

9.4. Brokers and Agents

9.4.1. Market Size and Forecast, 2025-2035 (USD Billion)

9.5. Insurtech Companies

9.5.1. Market Size and Forecast, 2025-2035 (USD Billion)

9.6. Reinsurance Providers

9.6.1. Market Size and Forecast, 2025-2035 (USD Billion)

10. Artificial Intelligence in Insurance Market, Region Segment Analysis

10.1. Overview

10.1.1. Global Market Revenue Share, By Region, 2025 & 2035

10.1.2. Global Market Revenue, By Region, 2025-2035 (USD Billion)

10.2. North America

10.2.1. North America Market Revenue, By Country, 2025-2035 (USD Billion)

10.2.2. North America Market Revenue, By Component, 2025-2035

10.2.3. North America Market Revenue, By Technology, 2025-2035

10.2.4. North America Market Revenue, By Application, 2025-2035

10.2.5. North America Market Revenue, By Deployment Mode, 2025-2035

10.2.6. North America Market Revenue, By Insurance Type, 2025-2035

10.2.7. North America Market Revenue, By End-user, 2025-2035

10.2.8. The U.S.

10.2.8.1. U.S. Market Revenue, By Component, 2025-2035

10.2.8.2. U.S. Market Revenue, By Technology, 2025-2035

10.2.8.3. U.S. Market Revenue, By Application, 2025-2035

10.2.8.4. U.S. Market Revenue, By Deployment Mode, 2025-2035

10.2.8.5. U.S. Market Revenue, By Insurance Type, 2025-2035

10.2.8.6. U.S. Market Revenue, By End-user, 2025-2035

10.2.9. Canada

10.2.9.1. Canada Market Revenue, By Component, 2025-2035

10.2.9.2. Canada Market Revenue, By Technology, 2025-2035

10.2.9.3. Canada Market Revenue, By Application, 2025-2035

10.2.9.4. Canada Market Revenue, By Deployment Mode, 2025-2035

10.2.9.5. Canada Market Revenue, By Insurance Type, 2025-2035

10.2.9.6. Canada Market Revenue, By End-user, 2025-2035

10.3. Europe

10.3.1. Europe Market Revenue, By Country, 2025-2035(USD Billion)

10.3.2. Europe Market Revenue, By Component, 2025-2035

10.3.3. Europe Market Revenue, By Technology, 2025-2035

10.3.4. Europe Market Revenue, By Application, 2025-2035

10.3.5. Europe Market Revenue, By Deployment Mode, 2025-2035

10.3.6. Europe Market Revenue, By Insurance Type, 2025-2035

10.3.7. Europe Market Revenue, By End-user, 2025-2035

10.3.8. Germany

10.3.8.1. Germany Market Revenue, By Component, 2025-2035

10.3.8.2. Germany Market Revenue, By Technology, 2025-2035

10.3.8.3. Germany Market Revenue, By Application, 2025-2035

10.3.8.4. Germany Market Revenue, By Deployment Mode, 2025-2035

10.3.8.5. Germany Market Revenue, By Insurance Type, 2025-2035

10.3.8.6. Germany Market Revenue, By End-user, 2025-2035

10.3.9. France

10.3.9.1. France Market Revenue, By Component, 2025-2035

10.3.9.2. France Market Revenue, By Technology, 2025-2035

10.3.9.3. France Market Revenue, By Application, 2025-2035

10.3.9.4. France Market Revenue, By Deployment Mode, 2025-2035

10.3.9.5. France Market Revenue, By Insurance Type, 2025-2035

10.3.9.6. France Market Revenue, By End-user, 2025-2035

10.3.10. U.K.

10.3.10.1. U.K. Market Revenue, By Component, 2025-2035

10.3.10.2. U.K. Market Revenue, By Technology, 2025-2035

10.3.10.3. U.K Market Revenue, By Application, 2025-2035

10.3.10.4. U.K Market Revenue, By Deployment Mode, 2025-2035

10.3.10.5. U.K Market Revenue, By Insurance Type, 2025-2035

10.3.10.6. U.K. Market Revenue, By End-user, 2025-2035

10.3.11. Italy

10.3.11.1. Italy Market Revenue, By Component, 2025-2035

10.3.11.2. Italy Market Revenue, By Technology, 2025-2035

10.3.11.3. Italy Market Revenue, By Application, 2025-2035

10.3.11.4. Italy Market Revenue, By Deployment Mode, 2025-2035

10.3.11.5. Italy Market Revenue, By Insurance Type, 2025-2035

10.3.11.6. Italy Market Revenue, By End-user, 2025-2035

10.3.12. Spain

10.3.12.1. Spain Market Revenue, By Component, 2025-2035

10.3.12.2. Spain Market Revenue, By Technology, 2025-2035

10.3.12.3. Spain Market Revenue, By Application, 2025-2035

10.3.12.4. Spain Market Revenue, By Deployment Mode, 2025-2035

10.3.12.5. Spain Market Revenue, By Insurance Type, 2025-2035

10.3.12.6. Spain Market Revenue, By End-user, 2025-2035

10.3.13. Rest of Europe

10.3.13.1. Rest of Europe Market Revenue, By Component, 2025-2035

10.3.13.2. Rest of Europe Market Revenue, By Technology, 2025-2035

10.3.13.3. Rest of Europe Market Revenue, By Application, 2025-2035

10.3.13.4. Rest of Europe Market Revenue, By Deployment Mode, 2025-2035

10.3.13.5. Rest of Europe Market Revenue, By Insurance Type, 2025-2035

10.3.13.6. Rest of Europe Market Revenue, By End-user, 2025-2035

10.4. Asia Pacific

10.4.1. Asia Pacific Market Revenue, By Country, 2025-2035(USD Billion)

10.4.2. Asia Pacific Market Revenue, By Component, 2025-2035

10.4.3. Asia Pacific Market Revenue, By Technology, 2025-2035

10.4.4. Asia Pacific Market Revenue, By Application, 2025-2035

10.4.5. Asia Pacific Market Revenue, By Deployment Mode, 2025-2035

10.4.6. Asia Pacific Market Revenue, By Insurance Type, 2025-2035

10.4.7. Asia Pacific Market Revenue, By End-user, 2025-2035

10.4.8. China

10.4.8.1. China Market Revenue, By Component, 2025-2035

10.4.8.2. China Market Revenue, By Technology, 2025-2035

10.4.8.3. China Market Revenue, By Application, 2025-2035

10.4.8.4. China Market Revenue, By Deployment Mode, 2025-2035

10.4.8.5. China Market Revenue, By Insurance Type, 2025-2035

10.4.8.6. China Market Revenue, By End-user, 2025-2035

10.4.9. Japan

10.4.9.1. Japan Market Revenue, By Component, 2025-2035

10.4.9.2. Japan Market Revenue, By Technology, 2025-2035

10.4.9.3. Japan Market Revenue, By Application, 2025-2035

10.4.9.4. Japan Market Revenue, By Deployment Mode, 2025-2035

10.4.9.5. Japan Market Revenue, By Insurance Type, 2025-2035

10.4.9.6. Japan Market Revenue, By End-user, 2025-2035

10.4.10. India

10.4.10.1. India Market Revenue, By Component, 2025-2035

10.4.10.2. India Market Revenue, By Technology, 2025-2035

10.4.10.3. India Market Revenue, By Application, 2025-2035

10.4.10.4. India Market Revenue, By Deployment Mode, 2025-2035

10.4.10.5. India Market Revenue, By Insurance Type, 2025-2035

10.4.10.6. India Market Revenue, By End-user, 2025-2035

10.4.11. Australia

10.4.11.1. Australia Market Revenue, By Component, 2025-2035

10.4.11.2. Australia Market Revenue, By Technology, 2025-2035

10.4.11.3. Australia Market Revenue, By Application, 2025-2035

10.4.11.4. Australia Market Revenue, By Deployment Mode, 2025-2035

10.4.11.5. Australia Market Revenue, By Insurance Type, 2025-2035

10.4.11.6. Australia Market Revenue, By End-user, 2025-2035

10.4.12. South Korea

10.4.12.1. South Korea Market Revenue, By Component, 2025-2035

10.4.12.2. South Korea Market Revenue, By Technology, 2025-2035

10.4.12.3. South Korea Market Revenue, By Application, 2025-2035

10.4.12.4. South Korea Market Revenue, By Deployment Mode, 2025-2035

10.4.12.5. South Korea Market Revenue, By Insurance Type, 2025-2035

10.4.12.6. South Korea Market Revenue, By End-user, 2025-2035

10.4.13. Singapore

10.4.13.1. Singapore Market Revenue, By Component, 2025-2035

10.4.13.2. Singapore Market Revenue, By Technology, 2025-2035

10.4.13.3. Singapore Canada Market Revenue, By Application, 2025-2035

10.4.13.4. Singapore Market Revenue, By Deployment Mode, 2025-2035

10.4.13.5. Singapore Market Revenue, By Insurance Type, 2025-2035

10.4.13.6. Singapore Market Revenue, By End-user, 2025-2035

10.4.14. Rest of Asia Pacific

10.4.14.1. Rest of Asia Pacific Market Revenue, By Component, 2025-2035

10.4.14.2. Rest of Asia Pacific Market Revenue, By Technology, 2025-2035

10.4.14.3. Rest of Asia Pacific Market Revenue, By Application, 2025-2035

10.4.14.4. Rest of Asia Pacific Market Revenue, By Deployment Mode, 2025-2035

10.4.14.5. Rest of Asia Pacific Market Revenue, By Insurance Type, 2025-2035

10.4.14.6. Rest of Asia Pacific Market Revenue, By End-user, 2025-2035

10.5. Latin America

10.5.1. Latin America Market Revenue, By Country, 2025-2035(USD Billion)

10.5.2. Latin America Market Revenue, By Component, 2025-2035

10.5.3. Latin America Market Revenue, By Technology, 2025-2035

10.5.4. Latin America Market Revenue, By Application, 2025-2035

10.5.5. Latin America Market Revenue, By Deployment Mode, 2025-2035

10.5.6. Latin America Market Revenue, By Insurance Type, 2025-2035

10.5.7. Latin America Market Revenue, By End-user, 2025-2035

10.5.8. Brazil

10.5.8.1. Brazil Market Revenue, By Component, 2025-2035

10.5.8.2. Brazil Market Revenue, By Technology, 2025-2035

10.5.8.3. Brazil Market Revenue, By Application, 2025-2035

10.5.8.4. Brazil Market Revenue, By Deployment Mode, 2025-2035

10.5.8.5. Brazil Market Revenue, By Insurance Type, 2025-2035

10.5.8.6. Brazil Market Revenue, By End-user, 2025-2035

10.5.9. Argentina

10.5.9.1. Argentina Market Revenue, By Component, 2025-2035

10.5.9.2. Argentina Market Revenue, By Technology, 2025-2035

10.5.9.3. Argentina Market Revenue, By Application, 2025-2035

10.5.9.4. Argentina Market Revenue, By Deployment Mode, 2025-2035

10.5.9.5. Argentina Market Revenue, By Insurance Type, 2025-2035

10.5.9.6. Argentina Market Revenue, By End-user, 2025-2035

10.5.10. Mexico

10.5.10.1. Mexico Market Revenue, By Component, 2025-2035

10.5.10.2. Mexico Market Revenue, By Technology, 2025-2035

10.5.10.3. Mexico Market Revenue, By Application, 2025-2035

10.5.10.4. Mexico Market Revenue, By Deployment Mode, 2025-2035

10.5.10.5. Mexico Market Revenue, By Insurance Type, 2025-2035

10.5.10.6. Mexico Market Revenue, By End-user, 2025-2035

10.5.11. Rest of Latin America

10.5.11.1. Rest of Latin America Market Revenue, By Component, 2025-2035

10.5.11.2. Rest of Latin America Market Revenue, By Technology, 2025-2035

10.5.11.3. Rest of Latin America Market Revenue, By Application, 2025-2035

10.5.11.4. Rest of Latin America Market Revenue, By Deployment Mode, 2025-2035

10.5.11.5. Rest of Latin America Market Revenue, By Insurance Type, 2025-2035

10.5.11.6. Rest of Latin America Market Revenue, By End-user, 2025-2035

10.6. MEA

10.6.1. MEA Market Revenue, By Country, 2025-2035(USD Billion)

10.6.2. MEA Market Revenue, By Component, 2025-2035

10.6.3. MEA Market Revenue, By Technology, 2025-2035

10.6.4. MEA Market Revenue, By Application, 2025-2035

10.6.5. MEA Market Revenue, By Deployment Mode, 2025-2035

10.6.6. MEA Market Revenue, By Insurance Type, 2025-2035

10.6.7. MEA Market Revenue, By End-user, 2025-2035

10.6.8. GCC Countries

10.6.8.1. GCC Countries Market Revenue, By Component, 2025-2035

10.6.8.2. GCC Countries Market Revenue, By Technology, 2025-2035

10.6.8.3. GCC Countries Market Revenue, By Application, 2025-2035

10.6.8.4. GCC Countries Market Revenue, By Deployment Mode, 2025-2035

10.6.8.5. GCC Countries Market Revenue, By Insurance Type, 2025-2035

10.6.8.6. GCC Countries Market Revenue, By End-user, 2025-2035

10.6.9. South Africa

10.6.9.1. South Africa Market Revenue, By Component, 2025-2035

10.6.9.2. South Africa Market Revenue, By Technology, 2025-2035

10.6.9.3. South Africa Market Revenue, By Application, 2025-2035

10.6.9.4. South Africa Market Revenue, By Deployment Mode, 2025-2035

10.6.9.5. South Africa Market Revenue, By Insurance Type, 2025-2035

10.6.9.6. South Africa Market Revenue, By End-user, 2025-2035

10.6.10. Rest of Middle-East & Africa

10.6.10.1. Rest of Middle-East & Africa Market Revenue, By Component, 2025-2035

10.6.10.2. Rest of Middle-East & Africa Market Revenue, By Technology, 2025-2035

10.6.10.3. Rest of Middle-East & Africa Market Revenue, By Application, 2025-2035

10.6.10.4. Rest of Middle-East & Africa Market Revenue, By Deployment Mode, 2025-2035

10.6.10.5. Rest of Middle-East & Africa Market Revenue, By Insurance Type, 2025-2035

10.6.10.6. Rest of Middle-East & Africa Market Revenue, By End-user, 2025-2035

11. Company Profile

11.1. Lemonade Inc.

11.1.1. Business Overview

11.1.2. Financial Performance

11.1.3. Product/Service Offerings

11.1.4. Strategies & recent developments

11.1.5. SWOT Analysis

11.2. Tractable Ltd.

11.2.1. Business Overview

11.2.2. Financial Performance

11.2.3. Product/Service Offerings

11.2.4. Strategies & recent developments

11.2.5. SWOT Analysis

11.3. Shift Technology

11.3.1. Business Overview

11.3.2. Financial Performance

11.3.3. Product/Service Offerings

11.3.4. Strategies & recent developments

11.3.5. SWOT Analysis

11.4. Cape Analytics Inc.

11.4.1. Business Overview

11.4.2. Financial Performance

11.4.3. Product/Service Offerings

11.4.4. Strategies & recent developments

11.4.5. SWOT Analysis

11.5. Zesty.ai

11.5.1. Business Overview

11.5.2. Financial Performance

11.5.3. Product/Service Offerings

11.5.4. Strategies & recent developments

11.5.5. SWOT Analysis

11.6. Planck Resolution Ltd.

11.6.1. Business Overview

11.6.2. Financial Performance

11.6.3. Product/Service Offerings

11.6.4. Strategies & recent developments

11.6.5. SWOT Analysis

11.7. Cytora Ltd.

11.7.1. Business Overview

11.7.2. Financial Performance

11.7.3. Product/Service Offerings

11.7.4. Strategies & recent developments

11.7.5. SWOT Analysis

11.8. Sprout.ai

11.8.1. Business Overview

11.8.2. Financial Performance

11.8.3. Product/Service Offerings

11.8.4. Strategies & recent developments

11.8.5. SWOT Analysis

11.9. Flyreel Inc.

11.9.1. Business Overview

11.9.2. Financial Performance

11.9.3. Product/Service Offerings

11.9.4. Strategies & recent developments

11.9.5. SWOT Analysis

11.10. Carpe Data

11.10.1. Business Overview

11.10.2. Financial Performance

11.10.3. Product/Service Offerings

11.10.4. Strategies & recent developments

11.10.5. SWOT Analysis

11.11. Google LLC

11.11.1. Business Overview

11.11.2. Financial Performance

11.11.3. Product/Service Offerings

11.11.4. Strategies & recent developments

11.11.5. SWOT Analysis

11.12. IBM Corporation

11.12.1. Business Overview

11.12.2. Financial Performance

11.12.3. Product/Service Offerings

11.12.4. Strategies & recent developments

11.12.5. SWOT Analysis

11.13. Amazon Web Services, Inc.

11.13.1. Business Overview

11.13.2. Financial Performance

11.13.3. Product/Service Offerings

11.13.4. Strategies & recent developments

11.13.5. SWOT Analysis

11.14. Microsoft Corporation

11.14.1. Business Overview

11.14.2. Financial Performance

11.14.3. Product/Service Offerings

11.14.4. Strategies & recent developments

11.14.5. SWOT Analysis

11.15. Salesforce, Inc.

11.15.1. Business Overview

11.15.2. Financial Performance

11.15.3. Product/Service Offerings

11.15.4. Strategies & recent developments

11.15.5. SWOT Analysis