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The Insurtech industry is experiencing rapid growth, driven by digital transformation and increased demand for efficient, transparent, and user-friendly insurance processes. It is highly competitive with established players and innovative startups leveraging AI, data analytics, and mobile technology to streamline claims, enhance customer experience, and reduce operational costs. Focus is on automation, personalized services, and compliance.
Total Assets Under Management (AUM)
Insurance Claims Management Market Size in United States
~Approximately 18.5 Billion USD (2023)
(10.0% CAGR)
- Digital transformation in insurance operations.
- Growing adoption of AI and automation.
- Increased demand for faster claim settlements.
18.5 Billion USD