Redefining Risk: Global AI in Insurance Market 2024-2033

Introduction

The Global AI in Insurance Market is projected to surge from USD 5 billion in 2023 to USD 91 billion by 2033, achieving a CAGR of 32.7%. AI transforms insurance by optimizing underwriting, claims processing, and customer engagement through advanced analytics and automation. Driven by demands for efficiency, personalized services, and data-driven insights, the market serves insurers, brokers, and policyholders. By leveraging machine learning, natural language processing, and predictive analytics, AI enhances risk assessment and operational efficiency, p