Startup Ideas AI

The current insurance claims process is often complex and time-consuming. By leveraging artificial intelligence (AI) and automation, a startup can simplify and expedite the claims process, reducing frustration for customers and lowering operational costs for insurance providers. The global insurance market size was estimated at $4.89 trillion in 2020 and is expected to reach $5.48 trillion by 2025, providing a substantial market opportunity for this startup idea.