Insurance analytics can be used by institutional investors to control risk and generate an automated result for better decision-making. It also reveals a hidden trend in the data and gives insurers information into impending risks, allowing them to take risk-aversion measures. Demand for risk management will be fueled by these causes. Insurers must effectively use their data to identify future market risks and adopt countermeasures to prevent losses, eventually encouraging sector growth. Rising need for data leveraging is projected to fuel the segment even more.