Report cover image

Augmented Reality (AR) in Insurance - Thematic Research

Publisher GlobalData
Published Mar 28, 2022
Length 63 Pages
SKU # GBDT17165915

Description

Augmented Reality (AR) in Insurance - Thematic Research

Summary

This report provides an overview of the AR value chain, case studies of AR deployments in insurance, as well as market size and growth forecasts. It also discusses specialist AR vendors for insurance companies and provides analysis of the insurance companies leading the way in AR adoption.

Augmented reality (AR) is a technology that allows the user to see the real world overlaid with digital data. Worth nearly $7 billion in 2020, the global AR market will generate revenues of $152 billion by 2030 according to GlobalData forecasts. Enterprise AR will drive 65% of this revenue. The insurance industry is already adopting AR technology like smart glasses to deliver risk visualization to estimate damage. AR was key to supporting insurers’ remote operations during COVID-19. AR can also be a valuable tool for incumbent traditional insurers to fend off insurtech competition.

Scope
  • AXA, Zurich Insurance, and USAA have explored the use of AR smart glasses among risk engineers and onsite specialists.
  • Smartphones are the primary consumer AR device. Apple and Google are the biggest beneficiaries of the growth of mobile AR, given their strong smartphone ecosystems and well-established AR software development kits.
  • After dipping in Q3 2021, perceptions of AR recovered in Q4, with 55% of respondents believing that the technology would cause either significant or slight disruption to their industries.
Reasons to Buy
  • Position yourself for success by understanding the ways in which AR can help to solve the major challenges for the insurance industry, such as COVID-19, ESG, and insurtech.
  • Source the leading and specialist vendors of AR technologies for the insurance industry. Discover what each vendor offers, and who some of their existing clients are.
  • Quickly identify attractive investment targets in the insurance industry by understanding which companies are most likely to be winners in the future based on our thematic scorecard.
  • Gain a competitive advantage in the insurance industry by understanding the potential of AR technologies in the future.

Table of Contents

63 Pages
  • Executive Summary
    • Key players in the augmented reality value chain
    • Semiconductors
    • Components
    • Devices
    • Platforms
    • Apps and content
    • Figure 9: AR is being greeted with optimism across sectors
    • Key challenges facing the insurance sector
    • Figure 10: Thematic impact assessment
    • How AR helps resolve the challenge of COVID-19
    • How AR helps resolve the challenge of digitalization of the younger generations
    • How AR helps resolve the challenge of ESG
    • How AR helps resolve the challenge of insurtech
    • AXA’s XL Catlin used Microsoft HoloLens to visualize risk more accurately
    • Allianz and AXA used SightCall to increase the efficiency of the claims process
    • AiBorne Tech’s platform is streamlining vehicle inspections using AR and AI
    • AXA branding showcased in AR game Ingress
    • Allianz’s Haunted House provided an entertaining AR experience
    • Market size and growth forecasts
    • Mergers and acquisitions
    • Partnerships in the insurance sector
    • Company filings trends
    • Hiring trends
    • Social media trends
    • Augmented reality timeline
    • Leading augmented reality adopters in insurance
    • Leading augmented reality vendors
    • Specialist augmented reality vendors in insurance
    • Life insurance sector scorecard
    • Non-life insurance sector scorecard
    • Glossary
    • GlobalData reports
    • Figure 32: Our five-step approach for generating a sector scorecard
  • About GlobalData
  • Contact Us

Pricing

Currency Rates
How Do Licenses Work?

How Do Licenses Work?

The primary function of a report license is to define how many people within a company are authorized to use the purchased report. This is separate to how a report might be delivered. Unless specifically identified otherwise, the purchase option is Single User. Below is a helpful description of that license, along with a sampling of others most commonly offered.

  • This license allows only one user to have access to and to use/read the report. It is not one user at a time or one user group; it is an individual who will be reading and utilizing the report.

  • This license allows for the entire purchasing company to read and use the report. This is the license level that would allow for a report to be placed on an internal company shared drive for access by all employees of that direct company. This license does not extend to parent or sister company use.

  • This license is designed to allow an entire department within a company full access to a report. The departmental license is a great option for companies that have more than one location and the department is spread out all over the country/world

  • This license is for companies that have one location where they want the report to be accessible by all employees within that physical location.

  • This is the most flexible of the licensing options. Some publishers will allow you to get a license for a preset number of people (typically 5). These licenses are ideal for small work groups.

License options are at the discretion of each publisher. As such, not all licenses indicated above are available for every product. If you are uncertain of the best license for your needs or would like a license that is not proactively available, please contact us and we will be happy to assist.

Request A Sample
Head shot

Questions or Comments?

Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
Chat Now
Contact Us