Europe Insurance Technology Market 2023-2027

List of Tables

Insurance Technology Market in Europe 2023-2027

Technavio has been monitoring the insurance technology market in Europe and is forecast to grow by $ 14523.99 mn during 2022-2027, accelerating at a CAGR of 34.58% during the forecast period. Our report on the insurance technology market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for insurance across European countries due to rising natural hazards, dominance of government regulations on mandatory insurance coverage in Europe, and increasing adoption of cloud-based solutions in regional insurance industry.

Technavio's insurance technology market in Europe is segmented as below:

By Type

Solution
Service

By Technology

Cloud computing
IoT
Big data and business analytics
Blockchain
Others

By Geography

The UK
France
Germany
Italy
Rest of Europe

This study identifies the increasing collaborations between investors and insurance technology vendors in Europe as one of the prime reasons driving the insurance technology market growth in Europe during the next few years. Also, the integration of wearables into customer engagement metrics for insurance and the integration of big data and ai in insurance technology will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the insurance technology market in Europe covers the following areas:

Insurance technology market sizing
Insurance technology market forecast
Insurance technology market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance technology market vendors that include Akur8, Alan SA, Anorak Technologies Ltd., Charles Taylor Ltd., Descartes Underwriting SAS, Digital Fineprint Ltd., F2X Group Ltd., FRISS, Getsafe Digital GmbH, INZMO Europe GmbH, Majesco, Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group, Qidenus Group GmbH, Qover SA, Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, wefox Insurance AG, Xempus AG, and Duck Creek Technologies Inc. Also, the insurance technology market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR70648

1 Executive Summary

1.1 Market overview
Exhibit 01: Executive Summary - Chart on Market Overview
Exhibit 02: Executive Summary - Data Table on Market Overview
Exhibit 03: Executive Summary - Chart on Country Market Characteristics
Exhibit 04: Executive Summary - Chart on Market by Geography
Exhibit 05: Executive Summary - Chart on Market Segmentation by Type
Exhibit 06: Executive Summary - Chart on Market Segmentation by Technology
Exhibit 07: Executive Summary - Chart on Incremental Growth
Exhibit 08: Executive Summary - Data Table on Incremental Growth
Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
Exhibit 10: Parent market
Exhibit 11: Market Characteristics

3 Market Sizing

3.1 Market definition
Exhibit 12: Offerings of vendors included in the market definition
3.2 Market segment analysis
Exhibit 13: Market segments
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
Exhibit 14: Chart on Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 15: Data Table on Regional - Market size and forecast 2022-2027 ($ million)
Exhibit 16: Chart on Europe: Year-over-year growth 2022-2027 (%)
Exhibit 17: Data Table on Regional - Market size and forecast 2022-2027 ($ million)

4 Historic Market Size

4.1 Insurance technology market in Europe 2017 - 2021
Exhibit 18: Historic Market Size - Data Table on Insurance technology market in Europe 2017 - 2021 ($ million)
4.2 Type Segment Analysis 2017 - 2021
Exhibit 19: Historic Market Size - Type Segment 2017 - 2021 ($ million)
4.3 Technology Segment Analysis 2017 - 2021
Exhibit 20: Historic Market Size - Technology Segment 2017 - 2021 ($ million)
4.4 Geography Segment Analysis 2017 - 2021
Exhibit 21: Historic Market Size - Geography Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
Exhibit 22: Five forces analysis - Comparison between 2022 and 2027
5.2 Bargaining power of buyers
Exhibit 23: Chart on Bargaining power of buyers - Impact of key factors 2022 and 2027
5.3 Bargaining power of suppliers
Exhibit 24: Bargaining power of suppliers - Impact of key factors in 2022 and 2027
5.4 Threat of new entrants
Exhibit 25: Threat of new entrants - Impact of key factors in 2022 and 2027
5.5 Threat of substitutes
Exhibit 26: Threat of substitutes - Impact of key factors in 2022 and 2027
5.6 Threat of rivalry
Exhibit 27: Threat of rivalry - Impact of key factors in 2022 and 2027
5.7 Market condition
Exhibit 28: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

6.1 Market segments
Exhibit 29: Chart on Type - Market share 2022-2027 (%)
Exhibit 30: Data Table on Type - Market share 2022-2027 (%)
6.2 Comparison by Type
Exhibit 31: Chart on Comparison by Type
Exhibit 32: Data Table on Comparison by Type
6.3 Solution - Market size and forecast 2022-2027
Exhibit 33: Chart on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 34: Data Table on Solution - Market size and forecast 2022-2027 ($ million)
Exhibit 35: Chart on Solution - Year-over-year growth 2022-2027 (%)
Exhibit 36: Data Table on Solution - Year-over-year growth 2022-2027 (%)
6.4 Service - Market size and forecast 2022-2027
Exhibit 37: Chart on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 38: Data Table on Service - Market size and forecast 2022-2027 ($ million)
Exhibit 39: Chart on Service - Year-over-year growth 2022-2027 (%)
Exhibit 40: Data Table on Service - Year-over-year growth 2022-2027 (%)
6.5 Market opportunity by Type
Exhibit 41: Market opportunity by Type ($ million)
Exhibit 42: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Technology

7.1 Market segments
Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
7.2 Comparison by Technology
Exhibit 45: Chart on Comparison by Technology
Exhibit 46: Data Table on Comparison by Technology
7.3 Cloud computing - Market size and forecast 2022-2027
Exhibit 47: Chart on Cloud computing - Market size and forecast 2022-2027 ($ million)
Exhibit 48: Data Table on Cloud computing - Market size and forecast 2022-2027 ($ million)
Exhibit 49: Chart on Cloud computing - Year-over-year growth 2022-2027 (%)
Exhibit 50: Data Table on Cloud computing - Year-over-year growth 2022-2027 (%)
7.4 IoT - Market size and forecast 2022-2027
Exhibit 51: Chart on IoT - Market size and forecast 2022-2027 ($ million)
Exhibit 52: Data Table on IoT - Market size and forecast 2022-2027 ($ million)
Exhibit 53: Chart on IoT - Year-over-year growth 2022-2027 (%)
Exhibit 54: Data Table on IoT - Year-over-year growth 2022-2027 (%)
7.5 Big data and business analytics - Market size and forecast 2022-2027
Exhibit 55: Chart on Big data and business analytics - Market size and forecast 2022-2027 ($ million)
Exhibit 56: Data Table on Big data and business analytics - Market size and forecast 2022-2027 ($ million)
Exhibit 57: Chart on Big data and business analytics - Year-over-year growth 2022-2027 (%)
Exhibit 58: Data Table on Big data and business analytics - Year-over-year growth 2022-2027 (%)
7.6 Blockchain - Market size and forecast 2022-2027
Exhibit 59: Chart on Blockchain - Market size and forecast 2022-2027 ($ million)
Exhibit 60: Data Table on Blockchain - Market size and forecast 2022-2027 ($ million)
Exhibit 61: Chart on Blockchain - Year-over-year growth 2022-2027 (%)
Exhibit 62: Data Table on Blockchain - Year-over-year growth 2022-2027 (%)
7.7 Others - Market size and forecast 2022-2027
Exhibit 63: Chart on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 64: Data Table on Others - Market size and forecast 2022-2027 ($ million)
Exhibit 65: Chart on Others - Year-over-year growth 2022-2027 (%)
Exhibit 66: Data Table on Others - Year-over-year growth 2022-2027 (%)
7.8 Market opportunity by Technology
Exhibit 67: Market opportunity by Technology ($ million)
Exhibit 68: Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

8.1 Customer landscape overview
Exhibit 69: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

9.1 Geographic segmentation
Exhibit 70: Chart on Market share by geography - 2022-2027 (%)
Exhibit 71: Data Table on Market share by geography - 2022-2027 (%)
9.2 Geographic comparison
Exhibit 72: Chart on Geographic comparison
Exhibit 73: Data Table on Geographic comparison
9.3 UK - Market size and forecast 2022-2027
Exhibit 74: Chart on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 75: Data Table on UK - Market size and forecast 2022-2027 ($ million)
Exhibit 76: Chart on UK - Year-over-year growth 2022-2027 (%)
Exhibit 77: Data Table on UK - Year-over-year growth 2022-2027 (%)
9.4 France - Market size and forecast 2022-2027
Exhibit 78: Chart on France - Market size and forecast 2022-2027 ($ million)
Exhibit 79: Data Table on France - Market size and forecast 2022-2027 ($ million)
Exhibit 80: Chart on France - Year-over-year growth 2022-2027 (%)
Exhibit 81: Data Table on France - Year-over-year growth 2022-2027 (%)
9.5 Germany - Market size and forecast 2022-2027
Exhibit 82: Chart on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 83: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
Exhibit 84: Chart on Germany - Year-over-year growth 2022-2027 (%)
Exhibit 85: Data Table on Germany - Year-over-year growth 2022-2027 (%)
9.6 Italy - Market size and forecast 2022-2027
Exhibit 86: Chart on Italy - Market size and forecast 2022-2027 ($ million)
Exhibit 87: Data Table on Italy - Market size and forecast 2022-2027 ($ million)
Exhibit 88: Chart on Italy - Year-over-year growth 2022-2027 (%)
Exhibit 89: Data Table on Italy - Year-over-year growth 2022-2027 (%)
9.7 Rest of Europe - Market size and forecast 2022-2027
Exhibit 90: Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 91: Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
Exhibit 92: Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
Exhibit 93: Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
9.8 Market opportunity by geography
Exhibit 94: Market opportunity by geography ($ million)
Exhibit 95: Data Table on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
Exhibit 96: Impact of drivers and challenges in 2022 and 2027
10.4 Market trends

11 Vendor Landscape

11.1 Overview
11.2 Vendor landscape
Exhibit 97: Overview on Criticality of inputs and Factors of differentiation
11.3 Landscape disruption
Exhibit 98: Overview on factors of disruption
11.4 Industry risks
Exhibit 99: Impact of key risks on business

12 Vendor Analysis

12.1 Vendors covered
Exhibit 100: Vendors covered
12.2 Market positioning of vendors
Exhibit 101: Matrix on vendor position and classification
12.3 Akur8
Exhibit 102: Akur8 - Overview
Exhibit 103: Akur8 - Product / Service
Exhibit 104: Akur8 - Key offerings
12.4 Anorak Technologies Ltd.
Exhibit 105: Anorak Technologies Ltd. - Overview
Exhibit 106: Anorak Technologies Ltd. - Product / Service
Exhibit 107: Anorak Technologies Ltd. - Key offerings
12.5 Charles Taylor Ltd.
Exhibit 108: Charles Taylor Ltd. - Overview
Exhibit 109: Charles Taylor Ltd. - Product / Service
Exhibit 110: Charles Taylor Ltd. - Key news
Exhibit 111: Charles Taylor Ltd. - Key offerings
12.6 Descartes Underwriting SAS
Exhibit 112: Descartes Underwriting SAS - Overview
Exhibit 113: Descartes Underwriting SAS - Product / Service
Exhibit 114: Descartes Underwriting SAS - Key offerings
12.7 Duck Creek Technologies Inc.
Exhibit 115: Duck Creek Technologies Inc. - Overview
Exhibit 116: Duck Creek Technologies Inc. - Product / Service
Exhibit 117: Duck Creek Technologies Inc. - Key news
Exhibit 118: Duck Creek Technologies Inc. - Key offerings
12.8 F2X Group Ltd.
Exhibit 119: F2X Group Ltd. - Overview
Exhibit 120: F2X Group Ltd. - Product / Service
Exhibit 121: F2X Group Ltd. - Key offerings
12.9 FRISS
Exhibit 122: FRISS - Overview
Exhibit 123: FRISS - Product / Service
Exhibit 124: FRISS - Key offerings
12.10 Getsafe Digital GmbH
Exhibit 125: Getsafe Digital GmbH - Overview
Exhibit 126: Getsafe Digital GmbH - Product / Service
Exhibit 127: Getsafe Digital GmbH - Key offerings
12.11 INZMO Europe GmbH
Exhibit 128: INZMO Europe GmbH - Overview
Exhibit 129: INZMO Europe GmbH - Product / Service
Exhibit 130: INZMO Europe GmbH - Key offerings
12.12 Majesco
Exhibit 131: Majesco - Overview
Exhibit 132: Majesco - Product / Service
Exhibit 133: Majesco - Key news
Exhibit 134: Majesco - Key offerings
12.13 Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group
Exhibit 135: Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Overview
Exhibit 136: Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Business segments
Exhibit 137: Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Key offerings
Exhibit 138: Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Segment focus
12.14 Qover SA
Exhibit 139: Qover SA - Overview
Exhibit 140: Qover SA - Product / Service
Exhibit 141: Qover SA - Key offerings
12.15 Quantemplate Technologies Inc.
Exhibit 142: Quantemplate Technologies Inc. - Overview
Exhibit 143: Quantemplate Technologies Inc. - Product / Service
Exhibit 144: Quantemplate Technologies Inc. - Key offerings
12.16 Shift Technology
Exhibit 145: Shift Technology - Overview
Exhibit 146: Shift Technology - Product / Service
Exhibit 147: Shift Technology - Key offerings
12.17 simplesurance GmbH
Exhibit 148: simplesurance GmbH - Overview
Exhibit 149: simplesurance GmbH - Product / Service
Exhibit 150: simplesurance GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
Exhibit 151: Inclusions checklist
Exhibit 152: Exclusions checklist
13.3 Currency conversion rates for US$
Exhibit 153: Currency conversion rates for US$
13.4 Research methodology
Exhibit 154: Research methodology
Exhibit 155: Validation techniques employed for market sizing
Exhibit 156: Information sources
13.5 List of abbreviations
Exhibit 157: List of abbreviations