Add to Favourites
To login click here
The global AI in insurance market is expected to reach $45.74 billion by 2031, with a CAGR of 32.5% from 2022 to 2031. This growth is driven by increased investment in AI and machine learning by insurance companies, as well as collaborations between insurance companies and AI solution providers. However, high deployment costs and a shortage of skilled labor may hinder market growth. The software segment is expected to maintain its leadership position in the market, with the rise of personalized insurance services and government initiatives driving further adoption of AI technology.
