PUBLISHER: Allied Market Research | PRODUCT CODE: 1193383
PUBLISHER: Allied Market Research | PRODUCT CODE: 1193383
The insurance platform can be defined as a group of sites, that provides information regarding insurance policies and other significant information. In addition, the online insurance platform, in specific, is designed and developed in order to prepare the customer to meet the challenge of the rapidly developing technologies that are entering the insurance sector. Furthermore, with the use of digital technology, consumers can access insurance information conveniently. Moreover, insurers are able to focus on newer technologies by focusing on the need of distinct consumers and serving their needs through digital insurance platforms.
Increasing internet penetration and increase in smartphone usage are boosting the growth of the global online insurance market. However, digital transformation is time-consuming and privacy and security concerns are hampering the online insurance market growth. On the contrary, the increasing adoption of digital solutions is expected to offer remunerative opportunities for the expansion of the online insurance market during the forecast period.
The online insurance market is segmented on the basis of by, enterprise size, insurance type end users, and region. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. On the basis of insurance type, the market is categorized into life insurance, motor insurance, health insurance and others and by end user, it is classified into insurance companies, aggregators, and third-party administrators and brokers. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the online insurance market are Allianz SE, assicurazioni generali spa, AXA Group, Munich Re, Swiss Re, Aviva, Zurich Insurance Group, Esurance Insurance Services, Inc, Lemonade, Inc., RooT. These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.
By Enterprise Size
By Insurance type
By End User
By Region