Artificial Intelligence (AI) spend in insurance industry in United States has increased at 83.3% during 2018 to reach US$ 258.7 million. Over the forecast period (2019-2025), spend on AI is expected to record a CAGR of 30.3%, increasing from US$ 412.6 million in 2019 to reach US$ 2,628 million by 2025.
This business intelligence report aims to analyze market opportunities and risks in adoption of artificial intelligence (AI) in insurance industry in United States. This is a data centric report, consisting of 23 charts and 15 tables, providing detailed understanding of market dynamics through 15+ KPIs for the country. This report covers country level AI market size/spending forecast (2016-2025) by applications across banking and finance industry's value chain, AI technology domains, and technology.
How big is the opportunity for artificial intelligence based products and services in insurance industry?
How much are leading players in insurance industry investing in AI based initiatives?
Which application areas are underserved in insurance industry and should be targeted to maximize ROI?
Reason to Buy
This research report provides in-depth analysis, covering market opportunities and risks in United States for 10 years (2016-2025). Below is the taxonomy covering detailed scope of coverage.
AI Market Size/Spending by Application in Insurance Industry, 2016-2025
Risk Management and Compliance
Risk Capital & Investment Management
Operational Efficiency and Automation
Pricing, Underwriting, and Personalization
AI Market Size/Spending by Artificial Intelligence Domains in Insurance Industry, 2016-2025
Machine Learning and Deep Learning
Natural Language Processing (NLP)
Robotics and Expert Systems
Machine Vision & Hearing
AI Market Size/Spending by Technology Development in Insurance Industry, 2016-2025
Application and Platforms
Key Topics Covered
1 About this Report
2 United States Artificial Intelligence Dynamics and Growth Prospects
2.1 United States Artificial Intelligence Market Size by Value, 2016-2025
2.2 United States Artificial Intelligence Spend Market Share Analysis by Industry
2.3 United States Artificial Intelligence Spend Market Share Analysis by Key Technologies
2.4 United States Artificial Intelligence Spend Market Share Analysis by AI Domain
2.5 Global Artificial Intelligence Investment Attractiveness Snapshot
2.5.1 Global Artificial Intelligence Investment Hot Spots
2.5.2 Global Artificial Intelligence Industry Attractiveness
3 Artificial Intelligence Spending Analysis in Insurance Industry in United States
3.1 Artificial Intelligence Spending Analysis in Insurance Industry, 2016-2025
3.2 Artificial Intelligence Spending Analysis in Insurance Industry by Application, 2016-2025
3.2.1 Spend Analysis on Claims Processing in Insurance Industry
3.2.2 Spend Analysis on Risk Management and Compliance in Insurance Industry
3.2.3 Spend Analysis on Risk Capital & Investment Management in Insurance Industry
3.2.4 Spend Analysis on Operational Efficiency and Automation in Insurance Industry
3.2.5 Spend Analysis on Pricing, Underwriting, and Personalization in Insurance Industry
3.2.6 Spend Analysis on Chatbots in Insurance Industry
3.3 Artificial Intelligence Spending Analysis in Insurance Industry by AI Domain, 2016-2025
3.3.1 Spend Analysis on Machine Learning and Deep Learning in Insurance Industry
3.3.2 Spend Analysis on Natural Language Processing (NLP) in Insurance Industry
3.3.3 Spend Analysis on Robotics and Expert Systems in Insurance Industry
3.3.4 Spend Analysis on Machine Vision & Hearing in Insurance Industry
3.4 Artificial Intelligence Spending Analysis in Insurance Industry by Technology Development, 2016-2025
3.4.1 Spend Analysis on Software Development in Insurance Industry
3.4.2 Spend Analysis on Technology Services in Insurance Industry
3.4.3 Spend Analysis on Hardware in Insurance Industry