Augmented Reality (AR) in Insurance – Thematic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Augmented Reality (AR) in Insurance Thematic Report Overview

Augmented reality (AR) is a technology that allows the user to see the real world overlaid with digital data. Smartphones are the primary device for AR applications today. While Big Tech is developing new AR headsets and smart glasses, smartphones are gaining AR capabilities such as advanced spatial awareness, precise positional tracking, and artificial intelligence (AI) tools.

AR has emerged as an innovative tool that allows insurance firms to better interact with customers remotely and to boost efficiency. Insurers are recognizing the potential of AR for streamlining and digitalizing insurance services, making them more appealing to younger demographics.

The ‘Augmented Reality (AR) In Insurance’ thematic intelligence report gives you an in-depth insight into the augmented reality theme and how it will impact the insurance sector. It further entails a deep-dive analysis of the industry, including real-life use case studies that showcase how the insurance sector has responded to the impact of this theme on their operations. The report identifies the key market trends that will shape the AR theme over the coming years and gives an insight into the market players and the competitive landscape within the theme.

Report Pages 58
Regions Covered Global
Value Chain ·        Semiconductors

·        Components

·        Devices

·        Platforms

·        Apps & Content

Leading AR Adopters in Insurance ·        Ageas

·        Allianz

·        AXA

·        Mercury Insurance

·        Sjóvá

Leading AR Vendors ·        Alibaba

·        Alphabet

·        Amazon

·        Apple

·        ByteDance

Specialist AR Vendors in Insurance ·        AiBorne Tech

·        Blippar

·        SightCall

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Augmented Reality (AR) in Insurance - Value Chain Analysis

The augmented reality value chain consists of the semiconductors, components, devices, platforms, and apps & content.

Apps & Content: Content is a major area of concern for AR companies. Gaming is a fertile ground for AR but gaming companies struggle to create novel content. Meanwhile, general apps (e.g., maps), e-commerce (e.g., furniture and cosmetic try-ons), and social media (e.g., Snapchat and Instagram filters) are fast becoming growth avenues.

Media houses and e-commerce companies have been early adopters of AR, while healthcare, engineering, and military organizations also use the technology. Microsoft and PTC among others are investing in AR development platforms to support firms through the AR implementation process. Start-ups such as Re’flekt, Scope AR, and Atheer have also joined the race.

Augmented Reality Value Chain Analysis

Augmented Reality Value Chain Analysis

Buy the Full Report for More Insights into the Augmented Reality (AR) in Insurance Value Chain
Download a Free Report Sample

Augmented Reality (AR) in Insurance - Leading Companies

A few of the leading insurance companies deploying AR are:

  • Ageas
  • Allianz
  • AXA
  • Mercury Insurance
  • Sjóvá

A few of the leading companies making their mark within the AR theme are:

  • Alibaba
  • Alphabet
  • Amazon
  • Apple
  • ByteDance

A few of the specialist AR vendors in the insurance sector are:

  • AiBorne Tech
  • Blippar
  • SightCall

Key Companies in the Augmented Reality (AR) in Insurance Theme

Key Companies in the Augmented Reality (AR) in Insurance Theme

Buy the Full Report to Know More About the Companies in the Augmented Reality (AR) in Insurance Theme
Download a Free Report Sample

Non-Life Insurance Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens: A thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.
  • The augmented reality (AR) in banking – thematic intelligence report also includes retail banking scorecards.

Non-Life Insurance Sector Scorecard – Thematic Screen

Non-Life Insurance Sector Scorecard – Thematic Screen

Buy the Full Report to Know More about the Non-Life Insurance Sector Scorecards
Download a Free Report Sample

The AR in Insurance market report also includes:

  • Life insurance sector scorecard

Scope

The use cases of AR can help solve some of the challenges insurers face, while also changing the way providers advertise and the way they engage with customers.

As more insurance companies use AR, they will see benefits such as an improved customer experience and increased operational efficiency.

According to GlobalData forecasts, AR will become a $100 billion market by 2030.

Key Highlights

  • The use cases of AR can help solve some of the challenges insurers face, while also changing the way providers advertise and the way they engage with customers.
  • As more insurance companies use AR, they will see benefits such as an improved customer experience and increased operational efficiency.

Reasons to Buy

  • Benchmark yourself against the rest of the market.
  • Gain valuable insights into the intersection of AR and the insurance industry.
  • Understand the potential benefits and opportunities of integrating AR technology into insurance processes.
  • Ensure you remain competitive as new innovations and developments in AR transform the insurance industry.
  • Position yourself for success by understanding the ways in which AR can help solve major challenges within the insurance space, including ESG and cybersecurity risks.

Ageas
Allianz
Allstate
AXA
Direct Line
Hiscox
Tokio Marine Holdings
USAA
Zurich Insurance AIG
Bright Health
Chubb
Humana
Metromile
Old Mutual
PartnerRe
Mercury Insurance

Table of Contents

  • 1. Inside
  • 2. Executive Summary

    • 2.1. Related reports
    • 2.2. Report type

  • 3. Players
  • 4. Insurance Challenges
  • 5. The Impact of Augmented Reality on Insurance

    • 5.1. How AR helps tackle the challenge of ESG
    • 5.2. How AR helps tackle the challenge of insurtech
    • 5.3. How AR helps tackle the challenge of cybersecurity risks
    • 5.4. How AR helps tackle the challenge of digitalization among the younger generation
    • 5.5. How AR helps tackle the challenge of a lack of trust in insurers

  • 6. Case Studies

    • 6.1. Sjóvá used SightCall to increase the efficiency of the claims process
    • 6.2. AiBorne Tech’s platform is streamlining vehicle inspections using AR and AI
    • 6.3. Mercury Insurance provided an AR experience in partnership with the LA Kings

  • 7. Augmented Reality Timeline
  • 8. Market Size and Growth Forecasts

    • 8.1. AR software
    • 8.2. AR hardware

  • 9. Signals

    • 9.1. M&A trends
    • 9.2. Patent trends
    • 9.3. Company filing trends
    • 9.4. Hiring trends

  • 10. Augmented Reality Value Chain

    • 10.1. Semiconductors

      • 10.1.1. Central processing units
      • 10.1.2. Graphics processing units
      • 10.1.3. Vision processing units
      • 10.1.4. Image processors
      • 10.1.5. Communication chips
      • 10.1.6. Micro-electromechanical systems (MEMS)
      • 10.1.7. Memory chips

    • 10.2. Components

      • 10.2.1. Motion tracking
      • 10.2.2. Batteries
      • 10.2.3. Displays
      • 10.2.4. Cameras and 3D lenses
      • 10.2.5. Audio component
      • 10.2.6. Machine vision

    • 10.3. Devices

      • 10.3.1. Smartphones
      • 10.3.2. AR smart glasses
      • 10.3.3. AR headsets

    • 10.4. Platforms

      • 10.4.1. The impact of generative AI

    • 10.5. Apps and content

  • 11. Companies

    • 11.1. Leading augmented reality adopters in insurance
    • 11.2. Leading augmented reality vendors
    • 11.3. Specialist augmented reality vendors in insurance

  • 12. Sector Scorecards

    • 12.1. Non-life insurance sector scorecard

      • 12.1.1. Who’s who
      • 12.1.2. Thematic screen
      • 12.1.3. Valuation screen
      • 12.1.4. Risk screen

    • 12.2. Life insurance sector scorecard

      • 12.2.1. Who’s who
      • 12.2.2. Thematic screen
      • 12.2.3. Life insurance valuation screen
      • 12.2.4. Risk screen

  • 13. Glossary
  • 14. Further Reading

    • 14.1. GlobalData reports

  • 15. Our Thematic Research Methodology

    • 15.1. Viewing the world’s data by themes makes it easier to make important decisions
    • 15.2. Traditional research does a poor job of picking winners and losers
    • 15.3. That is why we developed our thematic engine
    • 15.4. How do we create our sector scorecards?
    • 15.5. What is in our sector scorecards?
    • 15.6. How do we score companies in our thematic screen?
    • 15.7. How do our research reports fit into our overall thematic research ecosystem?

  • 16. About GlobalData
  • 17. Contact Us

Frequently asked questions

Augmented Reality (AR) in Insurance – Thematic Intelligence thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Augmented Reality (AR) in Insurance – Thematic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image
testimonial-image

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS
Financial Services
New
Peru Insurance Industry - Key Trends and Opportunities to 2028
$1,450 | May 2024
Financial Services
New
Apple Pay - Competitor Profile
$350 | June 2024
Financial Services
New
Luxembourg PESTLE Insights - A Macroeconomic Outlook Report
$500 | June 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Augmented Reality (AR) in Insurance – Thematic Intelligence in real time.

  • Access a live Augmented Reality (AR) in Insurance – Thematic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.