Global Insurance Analytics Market Analysis and Forecast
The global insurance analytics market was valued at USD 13.84 billion in 2024 and is projected to expand at a robust compound annual growth rate (CAGR) of 14.7% from 2025 to 2030. This rapid growth is primarily driven by the increasing integration of advanced analytics and data-driven decision-making across the insurance industry. Insurers are increasingly leveraging analytics to enhance underwriting accuracy, streamline claims processing, detect fraudulent activities, and improve customer experience, all of which are contributing to overall market expansion. Another significant factor fueling market growth is the rising adoption of insurance analytics tools and services by small- and medium-sized enterprises (SMEs). These organizations are recognizing the value of real-time data insights and predictive analytics in improving risk assessment and optimizing operational efficiency. As a result, the use of data analytics is no longer limited to large corporations, but ...