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Global AI in Insurance Market Research Report 2025
Published Date: July 2025
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Report Code: QYRE-Auto-23K5639
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Global AI in Insurance Market Size Status and Forecast 2021 2027
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Global AI in Insurance Market Research Report 2025

Code: QYRE-Auto-23K5639
Report
July 2025
Pages:62
QYResearch
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DESCRIPTION
TABLE OF CONTENT
TABLES & FIGURES

AI in Insurance Market Size

In order to maintain its leading position, the United States will increase its investment in artificial intelligence research and development in non-defense fields, from US$1.6 billion to US$1.7 billion in 2022.

AI in Insurance Market

AI in Insurance Market

The global market for AI in Insurance was valued at US$ million in the year 2024 and is projected to reach a revised size of US$ million by 2031, growing at a CAGR of %during the forecast period.
As an important force driving a new round of scientific and technological revolution, artificial intelligence has been of national strategic importance. Many governments introduces polices and increase capital investment to support AI companies. The Digital Europe plan adopted by the European Union will allocate €9.2 billion on high-tech investments, such as supercomputing, artificial intelligence, and network security. According to the latest data released by IDC, global artificial intelligence revenue was US$432.8 billion in 2022, a year-on-year increase of 19.37%, including software, hardware and services.
This report aims to provide a comprehensive presentation of the global market for AI in Insurance, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding AI in Insurance.
The AI in Insurance market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. This report segments the global AI in Insurance market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the AI in Insurance companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation

Scope of AI in Insurance Market Report

Report Metric Details
Report Name AI in Insurance Market
Accounted market size in 2022 US$ billion to US$ 1.7 billion
Base Year 2022
Segment by Type
Segment by Application
By Region
  • North America (United States, Canada)
  • Europe (Germany, France, UK, Italy, Russia) Rest of Europe
  • Nordic Countries
  • Asia-Pacific (China, Japan, South Korea)
  • Southeast Asia (India, Australia)
  • Rest of Asia
  • Latin America (Mexico, Brazil)
  • Rest of Latin America
  • Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of MEA)
By Company AIA Group Ltd, AIG, Allianz SE, AXA, Berkshire Hathaway
Forecast units USD million in value
Report coverage Revenue and volume forecast, company share, competitive landscape, growth factors and trends

Chapter Outline

  • Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
  • Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
  • Chapter 3: Detailed analysis of AI in Insurance company competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
  • Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
  • Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
  • Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
  • Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
  • Chapter 12: The main points and conclusions of the report.

FAQ for this report

Who are the main players in the AI in Insurance Market report?

Ans: The main players in the AI in Insurance Market are AIA Group Ltd, AIG, Allianz SE, AXA, Berkshire Hathaway

What are the Application segmentation covered in the AI in Insurance Market report?

Ans: The Applications covered in the AI in Insurance Market report are Chatbots & Virtual Assistance, Fraud Detection, Customer Relationship Management, Cybersecurity, Payment Gateways, Financial Transactions, Other

What are the Type segmentation covered in the AI in Insurance Market report?

Ans: The Types covered in the AI in Insurance Market report are Cloud, On-Premise

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1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global AI in Insurance Market Size Growth Rate by Type: 2020 VS 2024 VS 2031
1.2.2 Cloud
1.2.3 On-Premise
1.3 Market by Application
1.3.1 Global AI in Insurance Market Growth by Application: 2020 VS 2024 VS 2031
1.3.2 Chatbots & Virtual Assistance
1.3.3 Fraud Detection
1.3.4 Customer Relationship Management
1.3.5 Cybersecurity
1.3.6 Payment Gateways
1.3.7 Financial Transactions
1.3.8 Other
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Global Growth Trends
2.1 Global AI in Insurance Market Perspective (2020-2031)
2.2 Global AI in Insurance Growth Trends by Region
2.2.1 Global AI in Insurance Market Size by Region: 2020 VS 2024 VS 2031
2.2.2 AI in Insurance Historic Market Size by Region (2020-2025)
2.2.3 AI in Insurance Forecasted Market Size by Region (2026-2031)
2.3 AI in Insurance Market Dynamics
2.3.1 AI in Insurance Industry Trends
2.3.2 AI in Insurance Market Drivers
2.3.3 AI in Insurance Market Challenges
2.3.4 AI in Insurance Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top AI in Insurance Players by Revenue
3.1.1 Global Top AI in Insurance Players by Revenue (2020-2025)
3.1.2 Global AI in Insurance Revenue Market Share by Players (2020-2025)
3.2 Global AI in Insurance Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Global Key Players Ranking by AI in Insurance Revenue
3.4 Global AI in Insurance Market Concentration Ratio
3.4.1 Global AI in Insurance Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by AI in Insurance Revenue in 2024
3.5 Global Key Players of AI in Insurance Head office and Area Served
3.6 Global Key Players of AI in Insurance, Product and Application
3.7 Global Key Players of AI in Insurance, Date of Enter into This Industry
3.8 Mergers & Acquisitions, Expansion Plans
4 AI in Insurance Breakdown Data by Type
4.1 Global AI in Insurance Historic Market Size by Type (2020-2025)
4.2 Global AI in Insurance Forecasted Market Size by Type (2026-2031)
5 AI in Insurance Breakdown Data by Application
5.1 Global AI in Insurance Historic Market Size by Application (2020-2025)
5.2 Global AI in Insurance Forecasted Market Size by Application (2026-2031)
6 North America
6.1 North America AI in Insurance Market Size (2020-2031)
6.2 North America AI in Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
6.3 North America AI in Insurance Market Size by Country (2020-2025)
6.4 North America AI in Insurance Market Size by Country (2026-2031)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe AI in Insurance Market Size (2020-2031)
7.2 Europe AI in Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
7.3 Europe AI in Insurance Market Size by Country (2020-2025)
7.4 Europe AI in Insurance Market Size by Country (2026-2031)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific AI in Insurance Market Size (2020-2031)
8.2 Asia-Pacific AI in Insurance Market Growth Rate by Region: 2020 VS 2024 VS 2031
8.3 Asia-Pacific AI in Insurance Market Size by Region (2020-2025)
8.4 Asia-Pacific AI in Insurance Market Size by Region (2026-2031)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America AI in Insurance Market Size (2020-2031)
9.2 Latin America AI in Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
9.3 Latin America AI in Insurance Market Size by Country (2020-2025)
9.4 Latin America AI in Insurance Market Size by Country (2026-2031)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa AI in Insurance Market Size (2020-2031)
10.2 Middle East & Africa AI in Insurance Market Growth Rate by Country: 2020 VS 2024 VS 2031
10.3 Middle East & Africa AI in Insurance Market Size by Country (2020-2025)
10.4 Middle East & Africa AI in Insurance Market Size by Country (2026-2031)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 AIA Group Ltd
11.1.1 AIA Group Ltd Company Details
11.1.2 AIA Group Ltd Business Overview
11.1.3 AIA Group Ltd AI in Insurance Introduction
11.1.4 AIA Group Ltd Revenue in AI in Insurance Business (2020-2025)
11.1.5 AIA Group Ltd Recent Development
11.2 AIG
11.2.1 AIG Company Details
11.2.2 AIG Business Overview
11.2.3 AIG AI in Insurance Introduction
11.2.4 AIG Revenue in AI in Insurance Business (2020-2025)
11.2.5 AIG Recent Development
11.3 Allianz SE
11.3.1 Allianz SE Company Details
11.3.2 Allianz SE Business Overview
11.3.3 Allianz SE AI in Insurance Introduction
11.3.4 Allianz SE Revenue in AI in Insurance Business (2020-2025)
11.3.5 Allianz SE Recent Development
11.4 AXA
11.4.1 AXA Company Details
11.4.2 AXA Business Overview
11.4.3 AXA AI in Insurance Introduction
11.4.4 AXA Revenue in AI in Insurance Business (2020-2025)
11.4.5 AXA Recent Development
11.5 Berkshire Hathaway
11.5.1 Berkshire Hathaway Company Details
11.5.2 Berkshire Hathaway Business Overview
11.5.3 Berkshire Hathaway AI in Insurance Introduction
11.5.4 Berkshire Hathaway Revenue in AI in Insurance Business (2020-2025)
11.5.5 Berkshire Hathaway Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.1.1 Research Programs/Design
13.1.1.2 Market Size Estimation
13.1.1.3 Market Breakdown and Data Triangulation
13.1.2 Data Source
13.1.2.1 Secondary Sources
13.1.2.2 Primary Sources
13.2 Author Details
13.3 Disclaimer
List of Tables
 Table 1. Global AI in Insurance Market Size Growth Rate by Type (US$ Million): 2020 VS 2024 VS 2031
 Table 2. Key Players of Cloud
 Table 3. Key Players of On-Premise
 Table 4. Global AI in Insurance Market Size Growth by Application (US$ Million): 2020 VS 2024 VS 2031
 Table 5. Global AI in Insurance Market Size by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 6. Global AI in Insurance Market Size by Region (2020-2025) & (US$ Million)
 Table 7. Global AI in Insurance Market Share by Region (2020-2025)
 Table 8. Global AI in Insurance Forecasted Market Size by Region (2026-2031) & (US$ Million)
 Table 9. Global AI in Insurance Market Share by Region (2026-2031)
 Table 10. AI in Insurance Market Trends
 Table 11. AI in Insurance Market Drivers
 Table 12. AI in Insurance Market Challenges
 Table 13. AI in Insurance Market Restraints
 Table 14. Global AI in Insurance Revenue by Players (2020-2025) & (US$ Million)
 Table 15. Global AI in Insurance Market Share by Players (2020-2025)
 Table 16. Global Top AI in Insurance Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AI in Insurance as of 2024)
 Table 17. Ranking of Global Top AI in Insurance Companies by Revenue (US$ Million) in 2024
 Table 18. Global 5 Largest Players Market Share by AI in Insurance Revenue (CR5 and HHI) & (2020-2025)
 Table 19. Global Key Players of AI in Insurance, Headquarters and Area Served
 Table 20. Global Key Players of AI in Insurance, Product and Application
 Table 21. Global Key Players of AI in Insurance, Date of Enter into This Industry
 Table 22. Mergers & Acquisitions, Expansion Plans
 Table 23. Global AI in Insurance Market Size by Type (2020-2025) & (US$ Million)
 Table 24. Global AI in Insurance Revenue Market Share by Type (2020-2025)
 Table 25. Global AI in Insurance Forecasted Market Size by Type (2026-2031) & (US$ Million)
 Table 26. Global AI in Insurance Revenue Market Share by Type (2026-2031)
 Table 27. Global AI in Insurance Market Size by Application (2020-2025) & (US$ Million)
 Table 28. Global AI in Insurance Revenue Market Share by Application (2020-2025)
 Table 29. Global AI in Insurance Forecasted Market Size by Application (2026-2031) & (US$ Million)
 Table 30. Global AI in Insurance Revenue Market Share by Application (2026-2031)
 Table 31. North America AI in Insurance Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 32. North America AI in Insurance Market Size by Country (2020-2025) & (US$ Million)
 Table 33. North America AI in Insurance Market Size by Country (2026-2031) & (US$ Million)
 Table 34. Europe AI in Insurance Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 35. Europe AI in Insurance Market Size by Country (2020-2025) & (US$ Million)
 Table 36. Europe AI in Insurance Market Size by Country (2026-2031) & (US$ Million)
 Table 37. Asia-Pacific AI in Insurance Market Size Growth Rate by Region (US$ Million): 2020 VS 2024 VS 2031
 Table 38. Asia-Pacific AI in Insurance Market Size by Region (2020-2025) & (US$ Million)
 Table 39. Asia-Pacific AI in Insurance Market Size by Region (2026-2031) & (US$ Million)
 Table 40. Latin America AI in Insurance Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 41. Latin America AI in Insurance Market Size by Country (2020-2025) & (US$ Million)
 Table 42. Latin America AI in Insurance Market Size by Country (2026-2031) & (US$ Million)
 Table 43. Middle East & Africa AI in Insurance Market Size Growth Rate by Country (US$ Million): 2020 VS 2024 VS 2031
 Table 44. Middle East & Africa AI in Insurance Market Size by Country (2020-2025) & (US$ Million)
 Table 45. Middle East & Africa AI in Insurance Market Size by Country (2026-2031) & (US$ Million)
 Table 46. AIA Group Ltd Company Details
 Table 47. AIA Group Ltd Business Overview
 Table 48. AIA Group Ltd AI in Insurance Product
 Table 49. AIA Group Ltd Revenue in AI in Insurance Business (2020-2025) & (US$ Million)
 Table 50. AIA Group Ltd Recent Development
 Table 51. AIG Company Details
 Table 52. AIG Business Overview
 Table 53. AIG AI in Insurance Product
 Table 54. AIG Revenue in AI in Insurance Business (2020-2025) & (US$ Million)
 Table 55. AIG Recent Development
 Table 56. Allianz SE Company Details
 Table 57. Allianz SE Business Overview
 Table 58. Allianz SE AI in Insurance Product
 Table 59. Allianz SE Revenue in AI in Insurance Business (2020-2025) & (US$ Million)
 Table 60. Allianz SE Recent Development
 Table 61. AXA Company Details
 Table 62. AXA Business Overview
 Table 63. AXA AI in Insurance Product
 Table 64. AXA Revenue in AI in Insurance Business (2020-2025) & (US$ Million)
 Table 65. AXA Recent Development
 Table 66. Berkshire Hathaway Company Details
 Table 67. Berkshire Hathaway Business Overview
 Table 68. Berkshire Hathaway AI in Insurance Product
 Table 69. Berkshire Hathaway Revenue in AI in Insurance Business (2020-2025) & (US$ Million)
 Table 70. Berkshire Hathaway Recent Development
 Table 71. Research Programs/Design for This Report
 Table 72. Key Data Information from Secondary Sources
 Table 73. Key Data Information from Primary Sources
 Table 74. Authors List of This Report


List of Figures
 Figure 1. AI in Insurance Picture
 Figure 2. Global AI in Insurance Market Size Comparison by Type (2020-2031) & (US$ Million)
 Figure 3. Global AI in Insurance Market Share by Type: 2024 VS 2031
 Figure 4. Cloud Features
 Figure 5. On-Premise Features
 Figure 6. Global AI in Insurance Market Size by Application (2020-2031) & (US$ Million)
 Figure 7. Global AI in Insurance Market Share by Application: 2024 VS 2031
 Figure 8. Chatbots & Virtual Assistance Case Studies
 Figure 9. Fraud Detection Case Studies
 Figure 10. Customer Relationship Management Case Studies
 Figure 11. Cybersecurity Case Studies
 Figure 12. Payment Gateways Case Studies
 Figure 13. Financial Transactions Case Studies
 Figure 14. Other Case Studies
 Figure 15. AI in Insurance Report Years Considered
 Figure 16. Global AI in Insurance Market Size (US$ Million), Year-over-Year: 2020-2031
 Figure 17. Global AI in Insurance Market Size, (US$ Million), 2020 VS 2024 VS 2031
 Figure 18. Global AI in Insurance Market Share by Region: 2024 VS 2031
 Figure 19. Global AI in Insurance Market Share by Players in 2024
 Figure 20. Global Top AI in Insurance Players by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in AI in Insurance as of 2024)
 Figure 21. The Top 10 and 5 Players Market Share by AI in Insurance Revenue in 2024
 Figure 22. North America AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 23. North America AI in Insurance Market Share by Country (2020-2031)
 Figure 24. United States AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 25. Canada AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 26. Europe AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 27. Europe AI in Insurance Market Share by Country (2020-2031)
 Figure 28. Germany AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 29. France AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 30. U.K. AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 31. Italy AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 32. Russia AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 33. Nordic Countries AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 34. Asia-Pacific AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 35. Asia-Pacific AI in Insurance Market Share by Region (2020-2031)
 Figure 36. China AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 37. Japan AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 38. South Korea AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 39. Southeast Asia AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 40. India AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 41. Australia AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 42. Latin America AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 43. Latin America AI in Insurance Market Share by Country (2020-2031)
 Figure 44. Mexico AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 45. Brazil AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 46. Middle East & Africa AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 47. Middle East & Africa AI in Insurance Market Share by Country (2020-2031)
 Figure 48. Turkey AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 49. Saudi Arabia AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 50. UAE AI in Insurance Market Size YoY Growth (2020-2031) & (US$ Million)
 Figure 51. AIA Group Ltd Revenue Growth Rate in AI in Insurance Business (2020-2025)
 Figure 52. AIG Revenue Growth Rate in AI in Insurance Business (2020-2025)
 Figure 53. Allianz SE Revenue Growth Rate in AI in Insurance Business (2020-2025)
 Figure 54. AXA Revenue Growth Rate in AI in Insurance Business (2020-2025)
 Figure 55. Berkshire Hathaway Revenue Growth Rate in AI in Insurance Business (2020-2025)
 Figure 56. Bottom-up and Top-down Approaches for This Report
 Figure 57. Data Triangulation
 Figure 58. Key Executives Interviewed
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