Automation of insurance departments worldwide 2023 | Statista (2024)

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    Published by Statista Research Department, Jun 25, 2024

    As of 2023, 35 percent of insurance firms surveyed noted having automated to some extent the customer service department. The second most popular department to engage in automation was claims and processing. Underwriting rounded out the top spot, as over 47 percent of firms have automated in this department.

    Share of insurance departments that have been somewhat automated worldwide in 2023, by department

    CharacteristicShare of insurance companies
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    Release date

    November 2023

    More information

    Region

    Worldwide

    Survey time period

    2023

    Number of respondents

    47 respondents

    Special properties

    Insurance companies

    Supplementary notes

    The survey respondents comprised of 47 insurers. From these respondents, 24 were large carriers having one billion in premiums. The remaining firms were midsize and smaller firms.

    Firms were asked in which department(s) did they begin automation. Respondents could select up to three departments.

    Citation formats

    Other statistics on the topic

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    +InsuranceLemonade revenue 2017-2023+InsuranceShare of insurtech transactions in selected countries worldwide Q1 2024+InsuranceDistribution of insurtech transactions globally Q1 2024, by investment stage+InsuranceNumber of insurtech companies in Europe 2020-2024, by core activity

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    Statistics on " Insurtech "

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    • Degree of expected impact on industry processes by generative AI worldwide 2023
    • Share of small insurance departments that have been automation focused worldwide 2023
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    • Premium Statistic Quarterly funding for insurtech companies worldwide 2018-2024
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    • Premium Statistic Insurance distribution technology size in the U.S. 2017-2021, with forecasts to 2026
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    Industry leaders

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    • Premium Statistic Leading global insurtech companies in 2023, by amount raised
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    • Premium Statistic ZhongAn's annual revenue 2016-2023
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    Investment and growth

    5

    • Premium Statistic Total enterprise value of insurtech companies worldwide 2012-2023
    • Premium Statistic Top insurtech unicorn companies worldwide in 2023, by entry valuation
    • Premium Statistic Growth rate of insuretech VC investments worldwide H1 2022-H12023, by region
    • Premium Statistic Leading emerging markets of VC insurtech investments worldwide 2022-2023
    • Premium Statistic Share of insuretech VC investments worldwide 2012-2023, by region

    Industry automation

    5

    • Premium Statistic Degree of expected impact on industry processes by generative AI worldwide 2023
    • Premium Statistic Share of small insurance departments that have been automation focused worldwide 2023
    • Premium Statistic Share of insurance departments that have been somewhat automated worldwide 2023
    • Premium Statistic Share of large insurance departments that have been automation focused worldwide 2023
    • Premium Statistic Share of insurance departments preliminary engaging in automation worldwide 2023

    Further Content: You might find this interesting as well

    Topics

    InsurtechMotor insurance in the United StatesPrivate health insurance in the United StatesFintechCyber insurance

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    Automation of insurance departments worldwide 2023 | Statista (2024)
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