Insurance Analytics Market reached USD 9012 million in 2020 and growing at CAGR of 15.6% till 2028
The Insurance Analytics Market was projected around USD 9012 million in 2020 and is anticipated to expand at a CAGR of 15.6% over the forecast period (2021-2028). The factors driving growth of the Insurance Analytics Market includes increasing application of insurance analytics solutions for controlling risks, pricing, and marketing, rising focus of companies on enhancing customer’s experience, emerging trend of digitalization, growing demand for mobile based insurance facilities and improvements in the living standards. Insurance analytics helps in identifying clients in danger of cancellation, smoothens the claim processes, allows companies to respond quickly in the changing risks environment, and provides in-depth revenue analysis, are some of the features pushing the market growth. Moreover, growing adoption of advanced technologies such as Artificial Intelligence (AI), Cloud Computing and Internet of Things (IoT), rise in the launch of new products, Government programs spreading a