The global insurance market size is expected to reach USD 10,300.96 Billion in 2030 and register a steady revenue CAGR of 10.0% over the forecast period, according to latest analysis by Emergen Research. Increase in prevalence of various diseases such as dengue, cancer, and diabetes is a key factor driving demand for health insurance, and in turn driving global insurance market revenue growth. Advent of new deep learning techniques and technologies, such as convolutional neural networks and Artificial Intelligence (AI) are positively impacting market revenue growth. AI has potential to effectively mimic reasoning, perception, learning and problem solving. Using AI, insurance providers can shift from current approach of ‘detect and repair’ to ‘predict and prevent’, thereby transforming every aspect of the insurance industry. Changing industry patterns will also result in customers becoming more adept at using advanced technologies to improve decision making, purchase decision, reduce cost, and optimize customer experience. https://www.emergenresearch.com/industry-report/insurance-market