The global insurtech market, valued at USD 13.16 billion in 2024, is projected to expand at a CAGR of 53.4% from 2025 to 2034. Segment-wise, the market is categorized by technology, insurance type, and distribution channels, each offering unique growth opportunities. By technology, artificial intelligence and machine learning solutions dominate due to their capacity to automate underwriting,...
Introduction: Bridging Traditional Insurance with Digital TransformationThe insurance industry, long known for complex processes and risk-averse models, is undergoing a paradigm shift fueled by digital innovation. Insurtech—a blend of “insurance” and “technology”—is driving this transformation by leveraging artificial intelligence, big data, machine learning,...
The global insurtech market, valued at USD 13.16 billion in 2024, is projected to expand at a CAGR of 53.4% from 2025 to 2034. Segment-wise, the market is categorized by technology, insurance type, and distribution channels, each offering unique growth opportunities. By technology, artificial intelligence and machine learning solutions dominate due to their capacity to automate underwriting,...
Introduction
The Artificial Intelligence (AI) Insurtech Market is undergoing rapid expansion, driven by insurance companies’ increasing need for efficiency, precision, and digital transformation. In 2022, the market was valued at approximately USD 3,640 million, and projections indicate a surge to USD 35,770 million by 2030, demonstrating a robust CAGR of...
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