AI in the Insurance Market: Increased Investment in AI and Machine Learning by Insurance Companies

AI in the Insurance Market: Increased Investment in AI and Machine Learning by Insurance Companies

Portland or the United States, America, November 1, 2022 /EIN Presswire.com/– AI in the insurance market By offering (hardware, software, service), by deployment model (on-premises, cloud), by technology (machine learning, natural language processing, computer visionothers), by company size (large companySMEs), by end-users (life and health insurance, Non-life insurance), by Application (Fraud Detection & Credit Analysis, Customer Profiling & Segmentation, Product & Policy Design, Underwriting & Claims Assessment): Global Opportunity Analysis & Industry Forecast, 2021-2031.According to a new report published by Related market researchtitled “AI in Insurance Markets”, and AI in Insurance Markets is $2.74 billion In 2021, and is estimated to reach $45.74 billion By 2031, it will grow at a CAGR of 32.56% from 2022 to 2031.

Main influence factor

Increasing investment in AI and machine learning by insurers
Growing preference for personalized insurance services

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This report covers an in-depth analysis of the impact of the Covid-19 pandemic on the market. Prolonged lockdowns around the world and severe restrictions on international trade are having a major impact on global AI in the insurance market. The Covid-19 pandemic has disrupted supply chains and values. In addition, the pandemic has increased the price of raw materials and created a shortage of skilled labor. This report provides consumer preferences, trends, and budget impacts on the market due to the Covid-19 pandemic.

Highlights of the AI ​​in Insurance Market report

Recruitment

hardware
software
service

Deployment model

on the premises
Cloud
technology

machine learning
natural language processing
computer vision
others
enterprise size

large company
Small and medium-sized enterprises
application

Fraud detection and credit analysis
Customer profiling and segmentation
Product and policy design
Underwriting and claims assessment
End-user

life and health insurance
Non-life insurance
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Related market research (AMR) is a full-service market research and business consulting division. Allied Analytics LLP original Portland, Oregon. Related market research We provide unparalleled quality of Market Research Reports and Business Intelligence Solutions for global corporations as well as SMEs. AMR has a targeted view to provide business insight and consultancy to help clients make strategic business decisions and achieve sustainable growth in their respective market domains. I have.

We have professional corporate relationships with various companies that help us dig into market data, generate accurate research data tables and help ensure the highest accuracy in our market forecasts. Related market research CEO pawan kumar helps inspire and encourage everyone associated with the company to maintain high quality data and assist clients in every way possible to achieve success. All data presented in the report is extracted through primary interviews with top executives of leading companies in the domain concerned. Our secondary data sourcing methods include in-depth online and offline research and discussions with knowledgeable industry experts and analysts.

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