AI in Auto Insurance Market SWOT Analysis and Segments from 2019-2027 | ANT Financial Services Group, CCC Information Services, Claim Genius

The Insight Partners’ report on AI in Auto Insurance Market aims at developing a better understanding of AI in Auto Insurance industry through qualitative and quantitative analysis of the key market parameters. AI in Auto Insurance Market is classified on the basis of type, power, range, and ship type, and the market is evaluated in terms of growth, value, and volume across five major geographical regions.

Artificial intelligence is transforming the face of every industry worldwide owing to its revolutionary capabilities that could substantially affect the performance of a business. In the past few years, banking, financial services, and insurance (BFSI) sector has been one of the largest adopter of artificial intelligence technology. In the current scenario, automotive is also opting for AI. On the other hand, higher disposable income among the individuals, the pattern of procurement of new vehicles is high in the country. Pertaining to the rise in the number of vehicles, several associated technologies and solutions are also increasing rapidly. These factors have positively impacted on the growth of the AI in auto insurance market in the region.

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Leading Key Market Players Mentioned in the Report:- ANT Financial Services Group, CCC Information Services Inc., Claim Genius, Clearcover, Inc., GEICO Corporation, ICICI Lombard, Microsoft Corporation, Nauto, Progressive Casualty Insurance Company, and Solaria Labs among others.

The report includes details such as financial overview, product/ services offered, notable developments, and SWOT analysis for each of these companies.

The reports cover key developments in AI in Auto Insurance Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from AI in Auto Insurance Market are anticipated to lucrative growth opportunities in the future with the rising demand for AI in Auto Insurance Market.

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The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Payments Landscape market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

The report segments the global AI in auto insurance market as follows:

Global AI in Auto Insurance Market – By Offerings

  • Usage-Based Insurance
  • On-Demand Insurance
  • Peer-to-peer Insurance

Global AI in Auto Insurance Market – By Application

  • Claims Assessment
  • Chatbots
  • Policy Pricing

Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.

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Posted by on Tuesday December 03 2019, 11:00 PM EST. All trademarks acknowledged. Filed under Automotive, Automotive & Transportation, Automotive Manufacturing, Business & Financial Services, Featured Press Release, Transportation. Comments and Trackbacks are open. Follow responses: RSS 2.0

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