Artificial Intelligence
impact of AI in insurance

The Impact of AI on the Insurance Industry: Trends & Forecast

Artificial intelligence (AI) is revolutionizing insurance. By harnessing machine learning, deep learning, and advanced analytics, insurers can automate underwriting, detect fraud, and personalize services at unprecedented speed. Studies predict explosive growth: the global AI-for-insurance market was about $7.7 billion in 2024 and is projected to jump to $10.3 billion by 2025 (a 33% annual growth rate). McKinsey […]