In the insurance industry, AI is transforming areas such as underwriting, customer service, billing, marketing, and fraud detection. Whether its structured or unstructured data (eg social media, wearables, telematics, sensors, news, weather, traffic reports) AI is helping insurers understand big data.
Technological advances and improved consumer experiences are driving AI in the insurance market. AI helps automate repetitive insurance activities, and insurers use the technology to collect data from consumers to understand insurance needs and expectations. Insurers are also leveraging chatbot technology to advance their industry by communicating with customers and providing personalized services.
AI in Insurance Market research is an intelligence report with meticulous efforts undertaken to study the right and valuable information. The data which has been looked upon is done considering both, the existing top players and the upcoming competitors. Business strategies of the key players and the new entering market industries are studied in detail.
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Some of the Top Companies Influencing in this Market includes:
Applied Systems, IBM Corp., Microsoft, Open Text Corporation, Oracle, Pegasystems Inc., Salesforce.com Inc., SAP SE, SAS Institute Inc., and Vertafore, Inc, among Others.
North America held the largest share of AI in the insurance market in 2020, with a global market share of 35.9%. The rapid expansion in North America can be attributed to increased use of big data technologies, increased data volumes across end users, and increased corporate investment in real-time analytics.
Various factors are responsible for the market’s growth trajectory, which are studied at length in the report. In addition, the report lists down the restraints that are posing threat to the global AI in Insurance market. This report is a consolidation of primary and secondary research, which provides market size, share, dynamics, and forecast for various segments and sub-segments considering the macro and micro environmental factors.
Global AI in Insurance Market research report offers:
- Market definition of the global AI in Insurance market along with the analysis of different influencing factors like drivers, restraints, and opportunities.
- Extensive research on the competitive landscape of global AI in Insurance
- Identification and analysis of micro and macro factors that are and will effect on the growth of the market.
- A comprehensive list of key market players operating in the global AI in Insurance market.
- Analysis of the different market segments such as type, size, applications, and end-users.
- It offers a descriptive analysis of demand-supply chaining in the global AI in Insurance market.
- Statistical analysis of some significant economics facts
- Figures, charts, graphs, pictures to describe the market clearly.
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Regions Covered in the Global AI in Insurance Market Report 2020:
? The Middle East and Africa (GCC Countries and Egypt)
? North America (the United States, Mexico, and Canada)
? South America (Brazil etc.)
? Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
? Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
The cost analysis of the Global AI in Insurance Market has been performed while keeping in view manufacturing expenses, labor cost, and raw materials and their market concentration rate, suppliers, and price trend. Other factors such as Supply chain, downstream buyers, and sourcing strategy have been assessed to provide a complete and in-depth view of the market. Buyers of the report will also be exposed to a study on market positioning with factors such as target client, brand strategy, and price strategy taken into consideration.
Table of Contents
Global AI in Insurance Market Research Report 2021 – 2028
Chapter 1 AI in Insurance Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global AI in Insurance Market Forecast
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