Generative AI In Insurance Global Market Report 2024

Global Generative AI In Insurance Market Report 2024

Generative AI In Insurance Global Market Report 2024 – By Technology (Machine Learning, Natural Language Processing), By Deployment Model (On-Premise, Cloud), By Application (Personalized Insurance Policies, Automated Underwriting, Claims Processing Automation, Fraud Detection And Prevention, Virtual Assistants And Customer Support, Other Applications), By End-User (Individual Policyholders, Commercial Policyholders) – Market Size, Trends, And Global Forecast 2024-2033

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Generative AI In Insurance Global Market Report 2024

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Generative AI In Insurance Global Market Report 2024

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Generative AI In Insurance Market Definition

Generative artificial intelligence in insurance refers to the use of AI techniques and algorithms in the insurance sector to produce new information, insights, or products that improve many facets of insurance operations and services. It helps insurers assess risks accurately, streamline processes like underwriting and claims, enhance customer service, and innovate new products.

The main technologies of generative AI in insurance are machine learning and natural language processing. Machine learning refers to a subfield of artificial intelligence (AI) that focuses on creating statistical models and algorithms that let computers learn and get better at a particular task without needing to be explicitly programmed. It is deployed based on on-premise and cloud modes for different applications such as personalized insurance policies, automated underwriting, claims processing automation, fraud detection and prevention, virtual assistants, customer support, and others of individual policyholders and commercial policyholder end users.

Generative AI In Insurance Market Segmentation

The generative ai in insurance market covered in this report is segmented –

1) By Technology: Machine Learning, Natural Language Processing

2) By Deployment Model: On-Premise, Cloud

3) By Application: Personalized Insurance Policies, Automated Underwriting, Claims Processing Automation, Fraud Detection And Prevention, Virtual Assistants And Customer Support, Other Applications

4) By End-User: Individual Policyholders, Commercial Policyholders

Global Generative AI In Insurance Market Size 2023 to 2028: Graph

Generative AI In Insurance Market Size 2024 And Growth Rate

The generative AI in insurance market size has grown exponentially in recent years. It will grow from $0.78 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 39.3%. The growth in the historic period can be attributed to fraud detection needs, regulatory compliance requirements, operational efficiency needs, and data proliferation.

Generative AI In Insurance Market Growth Forecast

The generative AI in insurance market size is expected to see exponential growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 39.5%. The growth in the forecast period can be attributed to enhanced fraud detection, predictive analytics, customer experience enhancement, competitive advantage, and emerging technologies integration. Major trends in the forecast period include hyper-personalized policies, predictive risk modeling, automated claims processing, AI-driven customer service, and ethical AI governance.

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Generative AI In Insurance Market Driver: Generative AI Meets Rising Demand For Insurance Plans

The increasing demand for insurance plans is expected to propel the growth of generative AI in the insurance market going forward. Insurance plans refer to contractual agreements between an insurance provider and an individual or entity, offering financial protection against specific risks in exchange for premium payments. The demand for insurance is increasing as it provides individuals, businesses, and organizations with a financial safety net against unexpected events and risks. Generative AI analyzes insurance plan data to personalize offerings, tailoring them to individual needs and preferences for more attractive insurance options. For instance, in September 2023, according to the United States Census Bureau, a US-based government agency, in 2022, the percentage of individuals with health insurance increased to 92.1%, equivalent to 304.0 million people, compared to 91.7%, or 300.9 million individuals, in 2021. Therefore, increasing demand for insurance plans drives generative AI in the insurance market.

Global Generative AI In Insurance Market Major Players

Major companies operating in the generative AI in insurance market report are Pegasystems Inc.; Shift Technologies Inc.; Lemonade Inc.; DataRobot Inc.; Metromile Inc.; Artivatic.AI Pvt Ltd.; HyperScience Inc.; Tractable Ltd.; Cape Analytics Inc.; Archipelago Analytics Inc.; Tinubu Square; Planck Resolution Ltd.; Akur8; Zesty AI Inc.; Betterview Marketplace Inc.; Flyreel Co.; Quantemplate Limited; Human API Inc.; Groundspeed Analytics Inc.; FRISS Inc.; Atidot; Claim Genius Inc.; Boost Insurance Agency Inc.; Kasko Ltd.; RiskGenius Inc.

Global Generative AI In Insurance Market Trend: Transforming Insurance Operations Through The Rise of Generative AI Innovations

Major companies operating in the generative AI insurance market are focused on developing GPT tools for insurance to enhance risk assessment accuracy and streamline claim processing. GPT (Generative Pre-trained Transformer) tools for insurance refer to the application of advanced natural language processing (NLP) models, such as GPT-3, in the insurance industry. For instance, in June 2023, Simplifai Cognitive Services Pvt. Ltd., a Norway-based advanced AI solutions company, launched Simplifai InsuranceGPT to address the growing need for effective AI integration within the insurance industry. Simplifai InsuranceGPT is a custom-built generative pre-trained transformer (GPT) tool. This innovative product is the first-ever custom GPT tool crafted for insurers, aiming to enhance communication efficiency between insurers and their customers through generative AI technology. InsuranceGPT provides swift, concise, and accurate responses within a secure framework, addressing the need for effective AI integration within the insurance sector.

Generative AI In Insurance Market Merger And Acquisition: RenewBuy's Acquisition Of Artivatic.AI Enhancing Insurance Solutions

In March 2022, RenewBuy, an India-based online insurance aggregator platform developer, acquired Artivatic.AI for an undisclosed amount. RenewBuy's acquisition of Artivatic.AI aims to bolster its tech solutions throughout the insurance value chain, from sales to underwriting and claims, to enhance profitability through cost synergies, procurement, and services. Artivatic.AI is an India-based developer of an Insurtech platform intended to automate the sales and processing of insurance.

Regional Insights For The Global Generative AI In Insurance Market

North America was the largest region in the generative AI in insurance market in 2023. The regions covered in the generative AI in insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the generative AI in insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The generative AI in insurance includes revenues earned by entities by providing services such as risk assessment and underwriting, claim processing and fraud detection, customer service and personalization, risk modeling and scenario planning, and product development and innovation. The market value includes the value of related goods sold by the service provider or included within the service offering. The generative AI in insurance market also includes sales of synthetic data generation tools, servers, data storage systems and networking equipment. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The generative AI in insurance market research report is one of a series of new reports from The Business Research Company that provides generative AI in insurance market statistics, including generative AI in insurance industry global market size, regional shares, competitors with a generative AI in insurance market share, detailed generative AI in insurance market segments, market trends and opportunities, and any further data you may need to thrive in the generative AI in insurance industry. This generative AI in insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Generative AI In Insurance Market Report Forecast and Analysis

Report Attribute	Details
Market Size Value In 2024	$1.08 billion
Revenue Forecast In 2033	$4.1 billion
Growth Rate	CAGR of 39.5% from 2024 to 2033
Base Year For Estimation	2023
Actual Estimates/Historical Data	2018-2023
Forecast Period	2024 - 2028 - 2033
Market Representation	Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered	1) By Technology: Machine Learning, Natural Language Processing 2) By Deployment Model: On-Premise, Cloud 3) By Application: Personalized Insurance Policies, Automated Underwriting, Claims Processing Automation, Fraud Detection And Prevention, Virtual Assistants And Customer Support, Other Applications 4) By End-User: Individual Policyholders, Commercial Policyholders
Regional Scope	Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope	The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled	Pegasystems Inc.; Shift Technologies Inc.; Lemonade Inc.; DataRobot Inc.; Metromile Inc.; Artivatic.ai Pvt Ltd.; HyperScience Inc.; Tractable Ltd.; Cape Analytics Inc.; Archipelago Analytics Inc.; Tinubu Square; Planck Resolution Ltd.; Akur8; Zesty AI Inc.; Betterview Marketplace Inc.; Flyreel Co.; Quantemplate Limited; Human API Inc.; Groundspeed Analytics Inc.; FRISS Inc.; Atidot; Claim Genius Inc.; Boost Insurance Agency Inc.; Kasko Ltd.; RiskGenius Inc.
Customization Scope	Request for Sample
Pricing And Purchase Options	Explore Purchase Options

1. Executive Summary

2. Generative AI In Insurance Market Characteristics

3. Generative AI In Insurance Market Trends And Strategies

4. Generative AI In Insurance Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market

4.2. Ukraine-Russia War Impact On The Market

4.3. COVID-19 Impact On The Market

5. Global Generative AI In Insurance Market Size and Growth

5.1. Global Generative AI In Insurance Market Drivers and Restraints

5.1.1. Drivers Of The Market

5.1.2. Restraints Of The Market

5.2. Global Generative AI In Insurance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

5.3. Global Generative AI In Insurance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Generative AI In Insurance Market Segmentation

6.1. Global Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Machine Learning

Natural Language Processing

6.2. Global Generative AI In Insurance Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

On-Premise

Cloud

6.3. Global Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Personalized Insurance Policies

Automated Underwriting

Claims Processing Automation

Fraud Detection And Prevention

Virtual Assistants And Customer Support

Other Applications

6.4. Global Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Individual Policyholders

Commercial Policyholders

7. Generative AI In Insurance Market Regional And Country Analysis

7.1. Global Generative AI In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

7.2. Global Generative AI In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Generative AI In Insurance Market

8.1. Asia-Pacific Generative AI In Insurance Market Overview

Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

8.2. Asia-Pacific Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.3. Asia-Pacific Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8.4. Asia-Pacific Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Generative AI In Insurance Market

9.1. China Generative AI In Insurance Market Overview

9.2. China Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.3. China Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

9.4. China Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Generative AI In Insurance Market

10.1. India Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.2. India Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

10.3. India Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Generative AI In Insurance Market

11.1. Japan Generative AI In Insurance Market Overview

11.2. Japan Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.3. Japan Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11.4. Japan Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Generative AI In Insurance Market

12.1. Australia Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.2. Australia Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12.3. Australia Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Generative AI In Insurance Market

13.1. Indonesia Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.2. Indonesia Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13.3. Indonesia Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Generative AI In Insurance Market

14.1. South Korea Generative AI In Insurance Market Overview

14.2. South Korea Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.3. South Korea Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14.4. South Korea Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Generative AI In Insurance Market

15.1. Western Europe Generative AI In Insurance Market Overview

15.2. Western Europe Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.3. Western Europe Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15.4. Western Europe Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Generative AI In Insurance Market

16.1. UK Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.2. UK Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16.3. UK Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Generative AI In Insurance Market

17.1. Germany Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.2. Germany Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17.3. Germany Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Generative AI In Insurance Market

18.1. France Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.2. France Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18.3. France Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Generative AI In Insurance Market

19.1. Italy Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.2. Italy Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19.3. Italy Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Generative AI In Insurance Market

20.1. Spain Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.2. Spain Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20.3. Spain Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Generative AI In Insurance Market

21.1. Eastern Europe Generative AI In Insurance Market Overview

21.2. Eastern Europe Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.3. Eastern Europe Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21.4. Eastern Europe Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Generative AI In Insurance Market

22.1. Russia Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.2. Russia Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22.3. Russia Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Generative AI In Insurance Market

23.1. North America Generative AI In Insurance Market Overview

23.2. North America Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.3. North America Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23.4. North America Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Generative AI In Insurance Market

24.1. USA Generative AI In Insurance Market Overview

24.2. USA Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.3. USA Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24.4. USA Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Generative AI In Insurance Market

25.1. Canada Generative AI In Insurance Market Overview

25.2. Canada Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.3. Canada Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25.4. Canada Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Generative AI In Insurance Market

26.1. South America Generative AI In Insurance Market Overview

26.2. South America Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.3. South America Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26.4. South America Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Generative AI In Insurance Market

27.1. Brazil Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.2. Brazil Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27.3. Brazil Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Generative AI In Insurance Market

28.1. Middle East Generative AI In Insurance Market Overview

28.2. Middle East Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.3. Middle East Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28.4. Middle East Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Generative AI In Insurance Market

29.1. Africa Generative AI In Insurance Market Overview

29.2. Africa Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.3. Africa Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29.4. Africa Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Generative AI In Insurance Market Competitive Landscape And Company Profiles

30.1. Generative AI In Insurance Market Competitive Landscape

30.2. Generative AI In Insurance Market Company Profiles

30.2.1. Pegasystems Inc.

30.2.1.1. Overview

30.2.1.2. Products and Services

30.2.1.3. Strategy

30.2.1.4. Financial Performance

30.2.2. Shift Technologies Inc.

30.2.2.1. Overview

30.2.2.2. Products and Services

30.2.2.3. Strategy

30.2.2.4. Financial Performance

30.2.3. Lemonade Inc.

30.2.3.1. Overview

30.2.3.2. Products and Services

30.2.3.3. Strategy

30.2.3.4. Financial Performance

30.2.4. DataRobot Inc.

30.2.4.1. Overview

30.2.4.2. Products and Services

30.2.4.3. Strategy

30.2.4.4. Financial Performance

30.2.5. Metromile Inc.

30.2.5.1. Overview

30.2.5.2. Products and Services

30.2.5.3. Strategy

30.2.5.4. Financial Performance

31. Generative AI In Insurance Market Other Major And Innovative Companies

31.1. Artivatic.ai Pvt Ltd.

31.2. HyperScience Inc.

31.3. Tractable Ltd.

31.4. Cape Analytics Inc.

31.5. Archipelago Analytics Inc.

31.6. Tinubu Square

31.7. Planck Resolution Ltd.

31.8. Akur8

31.9. Zesty AI Inc.

31.10. Betterview Marketplace Inc.

31.11. Flyreel Co.

31.12. Quantemplate Limited

31.13. Human API Inc.

31.14. Groundspeed Analytics Inc.

31.15. FRISS Inc.

32. Global Generative AI In Insurance Market Competitive Benchmarking

33. Global Generative AI In Insurance Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Generative AI In Insurance Market

35. Generative AI In Insurance Market Future Outlook and Potential Analysis

35.1 Generative AI In Insurance Market In 2028 - Countries Offering Most New Opportunities

35.2 Generative AI In Insurance Market In 2028 - Segments Offering Most New Opportunities

35.3 Generative AI In Insurance Market In 2028 - Growth Strategies

35.3.1 Market Trend Based Strategies

35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations

36.2. Currencies

36.3. Historic And Forecast Inflation Rates

36.4. Research Inquiries

36.5. The Business Research Company

36.6. Copyright And Disclaimer

List Of Tables

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Generative AI In Insurance Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 6: Global Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 7: Global Generative AI In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 8: Global Generative AI In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 9: Asia-Pacific, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 10: Asia-Pacific, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 11: Asia-Pacific, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 12: China, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 13: China, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 14: China, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 15: India, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 16: India, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 17: India, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 18: Japan, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 19: Japan, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 20: Japan, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 21: Australia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 22: Australia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 23: Australia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 24: Indonesia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 25: Indonesia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 26: Indonesia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 27: South Korea, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 28: South Korea, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 29: South Korea, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 30: Western Europe, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 31: Western Europe, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 32: Western Europe, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 33: UK, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 34: UK, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 35: UK, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 36: Germany, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 37: Germany, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 38: Germany, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 39: France, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 40: France, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 41: France, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 42: Italy, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 43: Italy, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 44: Italy, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 45: Spain, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 46: Spain, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 47: Spain, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 48: Eastern Europe, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 49: Eastern Europe, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 50: Eastern Europe, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 51: Russia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 52: Russia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 53: Russia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 54: North America, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 55: North America, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 56: North America, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 57: USA, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 58: USA, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 59: USA, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 60: Canada, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 61: Canada, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 62: Canada, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 63: South America, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 64: South America, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 65: South America, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 66: Brazil, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 67: Brazil, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 68: Brazil, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 69: Middle East, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 70: Middle East, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 71: Middle East, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 72: Africa, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 73: Africa, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 74: Africa, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 75: Pegasystems Inc. Financial Performance

Table 76: Shift Technologies Inc. Financial Performance

Table 77: Lemonade Inc. Financial Performance

Table 78: DataRobot Inc. Financial Performance

Table 79: Metromile Inc. Financial Performance

List Of Figures

Figure 1: Global Historic Market Growth, 2018-2023, $ Billion

Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Figure 3: Global Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 4: Global Generative AI In Insurance Market, Segmentation By Deployment Model, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 5: Global Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 6: Global Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 7: Global Generative AI In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 8: Global Generative AI In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 9: Asia-Pacific, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 10: Asia-Pacific, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 11: Asia-Pacific, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 12: China, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 13: China, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 14: China, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 15: India, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 16: India, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 17: India, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 18: Japan, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 19: Japan, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 20: Japan, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 21: Australia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 22: Australia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 23: Australia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 24: Indonesia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 25: Indonesia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 26: Indonesia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 27: South Korea, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 28: South Korea, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 29: South Korea, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 30: Western Europe, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 31: Western Europe, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 32: Western Europe, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 33: UK, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 34: UK, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 35: UK, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 36: Germany, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 37: Germany, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 38: Germany, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 39: France, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 40: France, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 41: France, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 42: Italy, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 43: Italy, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 44: Italy, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 45: Spain, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 46: Spain, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 47: Spain, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 48: Eastern Europe, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 49: Eastern Europe, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 50: Eastern Europe, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 51: Russia, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 52: Russia, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 53: Russia, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 54: North America, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 55: North America, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 56: North America, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 57: USA, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 58: USA, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 59: USA, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 60: Canada, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 61: Canada, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 62: Canada, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 63: South America, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 64: South America, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 65: South America, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 66: Brazil, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 67: Brazil, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 68: Brazil, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 69: Middle East, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 70: Middle East, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 71: Middle East, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 72: Africa, Generative AI In Insurance Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 73: Africa, Generative AI In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 74: Africa, Generative AI In Insurance Market, Segmentation By End-User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Figure 75: Pegasystems Inc. Financial Performance

Figure 76: Shift Technologies Inc. Financial Performance

Figure 77: Lemonade Inc. Financial Performance

Figure 78: DataRobot Inc. Financial Performance

Figure 79: Metromile Inc. Financial Performance

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Frequently Asked Questions

What is the definition of the generative AI in insurance market?

How will the generative AI in insurance market drivers and restraints affect the generative AI in insurance market dynamics? What forces will shape the generative AI in insurance industry going forward?

The generative AI in insurance market major growth driver - Generative AI Meets Rising Demand For Insurance Plans. For further insights on the generative AI in insurance market, request a sample here

What is the forecast market size or the forecast market value of the generative AI in insurance market?

The generative AI in insurance market size has grown exponentially in recent years. It will grow from $0.78 billion in 2023 to $1.08 billion in 2024 at a compound annual growth rate (CAGR) of 39.3%. The growth in the historic period can be attributed to fraud detection needs, regulatory compliance requirements, operational efficiency needs, and data proliferation. The generative AI in insurance market size is expected to see exponential growth in the next few years. It will grow to $4.1 billion in 2028 at a compound annual growth rate (CAGR) of 39.5%. The growth in the forecast period can be attributed to enhanced fraud detection, predictive analytics, customer experience enhancement, competitive advantage, and emerging technologies integration. Major trends in the forecast period include hyper-personalized policies, predictive risk modeling, automated claims processing, AI-driven customer service, and ethical AI governance. For further insights on the generative AI in insurance market, request a sample here

How is the generative AI in insurance market segmented?

The generative AI in insurance market is segmented
1) By Technology: Machine Learning, Natural Language Processing
2) By Deployment Model: On-Premise, Cloud
3) By Application: Personalized Insurance Policies, Automated Underwriting, Claims Processing Automation, Fraud Detection And Prevention, Virtual Assistants And Customer Support, Other Applications
4) By End-User: Individual Policyholders, Commercial PolicyholdersFor further insights on the generative AI in insurance market, request a sample here

Which region has the largest share of the generative AI in insurance market? What are the other regions covered in the report?

North America was the largest region in the generative AI in insurance market in 2023. The regions covered in the generative AI in insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the generative AI in insurance market, request a sample here.

Who are the major players in the generative AI in insurance market?

Major companies operating in the generative AI in insurance market report are Pegasystems Inc., Shift Technologies Inc., Lemonade Inc., DataRobot Inc., Metromile Inc., Artivatic.AI Pvt Ltd., HyperScience Inc., Tractable Ltd., Cape Analytics Inc., Archipelago Analytics Inc., Tinubu Square, Planck Resolution Ltd., Akur8, Zesty AI Inc., Betterview Marketplace Inc., Flyreel Co., Quantemplate Limited, Human API Inc., Groundspeed Analytics Inc., FRISS Inc., Atidot, Claim Genius Inc., Boost Insurance Agency Inc., Kasko Ltd., RiskGenius Inc. For further insights on the generative AI in insurance market, request a sample here.

What are the key trends in the generative AI in insurance market?

Major trend in the generative AI in insurance market - Transforming Insurance Operations Through The Rise of Generative AI Innovations. For further insights on the generative AI in insurance market, request a sample here.

What are the major opportunities in the generative AI in insurance market? What are the strategies for the generative AI in insurance market?

For detailed insights on the major opportunities and strategies in the generative AI in insurance market, request a sample here.

How does the generative AI in insurance market relate to the overall economy and other similar markets?

For detailed insights on generative AI in insurance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the generative AI in insurance industry?

For detailed insights on the mergers and acquisitions in the generative AI in insurance industry, request a sample here.

What are the key dynamics influencing the generative AI in insurance market growth? SWOT analysis of the generative AI in insurance market.

For detailed insights on the key dynamics influencing the generative AI in insurance market growth and SWOT analysis of the generative AI in insurance industry, request a sample here.