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The global blockchain in insurance market is expected to see significant growth in the next few years, reaching a value of $12.71 billion by 2028. This growth can be attributed to various factors such as the adoption of smart contracts, integration with IoT devices, and the expansion of consortiums and partnerships. Major trends in the market include blockchain interoperability, tokenization of insurance assets, and the use of AI and ML. Top companies in the market include Microsoft, Amazon Web Services, and Accenture.