Press release
Artificial Intelligence (AI) in Insurance Market Worth Observing Growth | Google, IBM, Amazon, Facebook
Artificial Intelligence (AI) in Insurance Market
What's keeping Google, IBM, Amazon, Facebook, Baidu, Apple, Nvidia, Intel, AMD, Qualcomm, iRobot, ABB, Robotiq, Teradyne, Festo, Samsung, Sony, Axa, Allianz, Zurich & others Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by HTF MI
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Within the insurance industry, artificial intelligence (AI) platforms are being increasingly deployed to help across the sector value chain. AI adoption is led by larger incumbent companies with technologies such as machine learning, computer vision, and conversational platforms used to enhance customer service, claims processing, and underwriting. As the sector faces disruption from digitally-savvy insurtechs, deploying AI models will help traditional insurers offer customers a more personalized insurance experience while also improving operational efficiency. COVID-19 has accelerated the shift towards digital insurance, and investing in AI will be a key priority for companies within the industry. GlobalData estimates global AI platform revenue in the insurance sector to reach $3.4bn by 2024.
This report provides an in-depth analysis of the AI industry and the different ways AI technology is impacting the insurance value chain. It examines the technology’s impact across different lines of business and highlights the key players in the space utilizing AI technology in their operations.
Scope
- AI models are most popular among non-life insurers, as products are less complex and easier to underwrite.
- Insurers prefer to partner with specialist AI technology providers rather than develop solutions in-house.
- Insurers will need to use data and AI models responsibly, and must establish explainable AI frameworks to safeguard consumer trust.
Furthermore, the years considered for the study are as follows:
Historical year – 2015-2020
Base year – 2020
Forecast period** – 2021 to 2026 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
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Top Players in the Market are: - Google, IBM, Amazon, Facebook, Baidu, Apple, Nvidia, Intel, AMD, Qualcomm, iRobot, ABB, Robotiq, Teradyne, Festo, Samsung, Sony, Axa, Allianz, Zurich, Ping An, Root Insurance, Lemonade, Tokio Marine, Swiss Re, China Life, Tencent, Alibaba, Munich Re, Metromile, Progressive, Travelers, Aon, Brit, Sentiance, Lapetus, Tractable, Cape Analytics, H20.ai, Cytora, Afiniti, WorkFusion, Sapiens, CCC Information Services, Direct Line, Nauto, Greater Than, Clara Analytics, Shift Technology, Spraoi, Sprout.ai, Zesty.ai, Synthesized.io, Chubb, Flyreel, Anorak, Trov, Bdeo, Euler Hermes, Bold Penguin, Next Insurance, Rakuten
Region Included are: North America (Covered in Chapter 9), United States, Canada, Mexico, Europe (Covered in Chapter 10), Germany, UK, France, Italy, Spain, Russia, Others, Asia-Pacific (Covered in Chapter 11), China, Japan, South Korea, Australia, India, South America (Covered in Chapter 12), Brazil, Argentina, Columbia, Middle East and Africa (Covered in Chapter 13), UAE, Egypt & South Africa
Important Features that are under offering & key highlights of the report:
– Detailed overview of Artificial Intelligence (AI) in Insurance - Thematic market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Artificial Intelligence (AI) in Insurance - Thematic market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Artificial Intelligence (AI) in Insurance - Thematic market performance
– Market players information to sustain and enhance their footprint
Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/3183989-artificial-intelligence-23
Major Highlights of TOC:
Chapter One: Artificial Intelligence (AI) in Insurance - Thematic Market Industry Overview
1.1 Artificial Intelligence (AI) in Insurance - Thematic Industry
1.1.1 Overview
1.1.2 Products of Major Companies
1.2 Artificial Intelligence (AI) in Insurance - Thematic Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Artificial Intelligence (AI) in Insurance - Thematic Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.1.3 Other
2.2 Artificial Intelligence (AI) in Insurance - Thematic Market Size by Demand
2.3 Artificial Intelligence (AI) in Insurance - Thematic Market Forecast by Demand
Chapter Three: Artificial Intelligence (AI) in Insurance - Thematic Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Artificial Intelligence (AI) in Insurance - Thematic Market Size by Type
3.3 Artificial Intelligence (AI) in Insurance - Thematic Market Forecast by Type
Chapter Four: Major Region of Artificial Intelligence (AI) in Insurance - Thematic Market
4.1 Artificial Intelligence (AI) in Insurance - Thematic Sales
4.2 Artificial Intelligence (AI) in Insurance - Thematic Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
• How Artificial Intelligence (AI) in Insurance - Thematic Market Growth & Size is Changing with Years to Come?
• Who are the Leading key players and what are their Key Business plans in the Artificial Intelligence (AI) in Insurance - Thematic market?
• What are the key concerns of the five forces analysis of the Artificial Intelligence (AI) in Insurance - Thematic market?
• What are different prospects and threats faced by the dealers in the Artificial Intelligence (AI) in Insurance - Thematic market?
• What are the strengths and weaknesses of the key vendors?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
Phone: +1 (206) 317 1218
sales@htfmarketreport.com
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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