The global insurance analytics market size reached US$ 12.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 29.7 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032. The growing need for regulatory compliance, the introduction of new regulations to ensure consumer protection, financial stability, and data integrity in the insurance sector and the growing demand for automation are among the key factors driving the market growth.