Insurtech
This category includes tech-driven solutions for the insurance industry. Insurtech tools help with claims processing, underwriting, fraud detection, and customer service.
Top 5 Technologies Improving Insurance Fraud Detection
According to the FBI, insurance fraud (excluding health insurance) costs more than $40 billion annually in the U.S. alone.(Insurance Fraud. FBI. Accessed: February/11/2025.) Technological tools such as artificial intelligence (AI), the Internet of Things (IoT), machine learning, and blockchain can be used by insurers to more effectively detect and prevent insurance fraud.
Top 5 Insurance Chatbots with Real-life Use Cases in 2025
In 2024, the global insurance industry’s premium income increased by approximately 9%, totaling ~$8 trillion, highlighting strong demand and escalating digital investments. At the same time, the global insurance chatbot market is projected to reach a value of $5238 million by 2033, indicating the rapid growth of chatbots in the insurance industry industry.