IT spending by insurers on cognitive/AI technologies worldwide 2016 and 2021, by type

This statistic shows the IT spending by insurance companies on cognitive/artificial intelligence technologies worldwide in 2016 and 2021, by type. In 2016, the global insurance industry spent 76 million U.S. dollars on software for cognitive/AI technologies, which is due to rise to 571 million U.S. dollars by 2021.

IT spending by insurance companies on cognitive/artificial intelligence technologies worldwide in 2016 and 2021, by type

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Source

Release date

September 2017

Region

United States

Survey time period

2016

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Statistics on "Insurtech"

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