Global AI in Insurance Market- Forecast and Analysis (2020-2027)

Global AI in Insurance Market is segmented by Component, Technology, Deployment, Application, and Sector and by Region. By Technology, Machine Learning and Deep Learning segment held 37.98% of market share in 2019 and is expected to keep its dominance over forecast period. Machine learning used to be the exclusive domain of data scientists, it is now possible for business users to build data models and make accurate predictions faster. Insurers already have domain experts: actuaries, claims managers and underwriters, who can contribute to machine learning projects with the right training and tools. Insurers are evaluating machine learning for their organisations to automate the entire workflow.

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