Robotics in Insurance – Thematic Research

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Robotics is a fast-growing industry that is helping insurers inspect post-catastrophe areas that are hazardous for human adjusters. Insurers are increasingly using a key segment of the robotics value chain, drones, to streamline claims and risk assessment processes. Drones help insurers gather vast amounts of data, including images of large or hard-to-reach assets, whether for risk assessment or during the claims process. Maintenance robots monitor the condition of an asset and alert customers when a repair is needed, reducing the likelihood of future claims. Although in its nascent stage, the insurance industry is using inspection robots to safely inspect post-disaster zones, which can gather more information about an environment than a drone. Furthermore, medical robots and exoskeletons are areas of interest for life insurers who offer policyholders access at no additional cost.

Many insurers also use drones to conduct risk and damage assessments for crop fields or hard-to-access areas. Like robots, drones can inspect dangerous terrains and assets, saving on the need for additional agents and infrastructure for human inspections. In addition, drones allow inspections to be carried out more quickly, improving customer service.

Robotics in insurance thematic intelligence report gives an overview of the robotics value chain, case studies of robotics deployment in the insurance sector, market size, growth forecasts, and the specialist robotics vendors in the market.

Report Pages 66
Regions Covered Global
Market Value (2020) $45.3 billion
CAGR (2020 – 2030) >28%
Value Chains Hardware Components, Software Components, Robot Manufacturing, and Robotics as a Service
Leading Robotics Adopters AIG, Allianz, Allstate, Chubb, MetLife and Swiss Re
Leading Robotics Vendors Cognex, Estun Automation, FANUC, HollySys, Honda, iRobot and Keyence
Specialist Robotics Vendors Aloft, Cyberdyne, Droneflight, Loveland Innovations and Sproutel

Robotics in Insurance – Industry Analysis

The robotics industry was worth $45.3 billion in 2020 and is estimated to grow at a CAGR of more than 28% during 2020-2030. The robotics industry can be split into two main areas: industrial robots and service robots. The service robots segment accounted for a significant share of the total robotics market in 2020. However, the industrial robots market is expected to grow faster over the rest of the decade.

The Robotics in Insurance thematic research report also covers:

  • Mergers and acquisitions
  • Patent trends
  • Company filings trends
  • Hiring trends
  • Robotics timeline

Service and Industrial Robots Revenue, 2020-2030 ($ Billion)

Robotics in Insurance

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Robotics - Value Chain Analysis

GlobalData’s robotics value chain comprises four main segments: hardware components, software components, robot manufacturing, and robotics as a service. Most robots have several hardware components, primarily precision mechanical parts and semiconductors.

Robotics Value Chain

Robotics Value Chain

For more insights on the robotics value chain, download a free report sample

Robotics in Insurance Sector Scorecard

GlobalData uses a scorecard approach to predict tomorrow’s leading companies within each sector. The sector scorecards help to determine which companies are best positioned for a future filled with disruptive threats. Each sector scorecard has three screens:

  • 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.

Life Insurance Sector Scorecard – Thematic Screen

Life Insurance Sector Scorecard – Thematic Screen

For more insights on the robotics in insurance score card, download a free report sample

Leading Robotics Adopters in Insurance

Some of the leading insurance companies making their mark within the robotics theme:

  • AIG
  • Allianz
  • Allstate
  • Chubb
  • MetLife
  • Swiss Re

Leading Robotics Vendors

Some of the leading companies within the robotics theme:

  • Cognex
  • Estun Automation
  • HollySys
  • Honda
  • iRobot
  • Keyence

Leading Robotics Vendors in Insurance

Some of the specialist robotics vendors in the insurance sector:

  • Aloft
  • Cyberdyne
  • Droneflight
  • Loveland Innovations
  • Sproutel

To know more about leading companies making their mark within the robotics in insurance theme, download a free report sample


Depending on the application, level of sophistication, and reliability requirements, robotics generally involves several levels of control and processing, including onboard hardware and software, and increasingly, cloud processing and the pooling of knowledge from multiple robots.

Reasons to Buy

  • Position yourself for success by understanding the ways in which robotics should be deployed within the insurance sector to mitigate the challenges of COVID-19, ESG, and falling profitability.
  • Source the leading and specialist vendors of robotics technologies for the insurance sector. 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 value of robotics solutions for each segment of the insurance value chain.

6 River Systems


Abundant Robots














American Robotics



Atlas Copco

Autel Robotics


Baker Hughes

Bangladesh Shipping Corporation

Bear Robotics



Boston Dynamics

Boston Dynamics


Brooks Automation



Cambridge Medical Robotics

Cape Analytics










Direct Line





EagleView Technologies


Ekso Bionics


Elephant Robotics


Everest Re



Farmers Insurance





FM Global

Focal Meditech


Franka Emika




Hahn Group


Harmonic Drive


Hippo Analytics



Honda Robotics



Huntington Ingalls Industries

Hyundai Motor




Intuitive Surgical



John Deere

Johnson & Johnson





LG Electronics

Lockheed Martin

Lockheed Martin

Loveland Innovations

Maiden Re






Mic AG


Mitsubishi Motors

Munich Re




Nippon Ceramic

Northrop Grumman




Parker Hannifin


Perceptual Robotics

Ping An


Preferred Networks


Rabbit Tractors

Reha Technology

ReWalk Robotics

Robert Bosch


Rockwell Automation

Samsung Electronics









Swiss Re

TE Connectivity



Thales Group





United Robotics Group






Zetta Insurance

Zhong An

Zilveren Kruis

Zimmer Biomet


Zora Robotics

Zurich Insurance

Table of Contents

Executive Summary

Robotics Value Chain

Insurance Challenges

The Impact of Robotics on Insurance

Case Studies

Data Analysis


Sector Scorecard


Further Reading

Our Thematic Research Methodology

About GlobalData

Contact Us

Frequently asked questions

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