Global Insurtech Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 to 2030

List of Tables

The global demand for Insurtech Market is presumed to reach the market size of nearly USD 215.5 MN by 2030 from USD 6.93 MN in 2022 with a CAGR of 53.67% under the study period 2023 - 2030.

InsurTech (Insurance Technology) is a term that describes the use of technology in the design, distribution, and management of insurance products and services. Offering ultra-customized policies, social insurance, and dynamically pricing premiums utilizing new data streams from Internet-enabled devices are just some of the solutions insurtech is uncovering. Insurtech assists insurers in gathering and analyzing consumer data that may be used to target the proper client at an affordable price. Insurtech also aids in predicting consumer needs, purchasing quantities, and decision-making and insurance planning through the use of machine learning, artificial intelligence, and cloud computing.

Market Dynamics:

Artificial intelligence, machine learning, blockchain, and cloud computing technologies offer real-time surveillance and monitoring of insured activity for certain business lines and streamlining and modernizing corporate procedures, which is a crucial driver of the worldwide Insurtech market growth. Furthermore, due to changing business models, insurance companies are leveraging innovative digital solutions to scale their operations and build product lines based on niche client demand, which significantly contributes to market growth. Different insurance sector norms and laws and privacy and security concerns are some of the factors that limit market expansion. Furthermore, growing economies, particularly emerging economies, provide considerable prospects for the Insurtech market to expand and develop its products. Moreover, the adoption of technologies like cloud computing, artificial intelligence, and blockchain to aid in loss prediction and prevention, risk monitoring, and claims processing is becoming a significant driver expected to drive the Insurtech industry forward in the future years.

The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of insurtech. The growth and trends of insurtech industry provide a holistic approach to this study.

Market Segmentation:

This section of the insurtech market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.

By Type

Auto
Business
Health
Home
Specialty
Travel
Others

By Service

Consulting
Support & Maintenance
Managed Services

By Technology

Blockchain
Cloud Computing
LOT
Machine Learning
Robo Advisory
Others

By End-Use

Automotive
BFSI
Government
Healthcare
Manufacturing
Retail
Transportation
Others

Regional Analysis:

This section covers the regional outlook, which accentuates current and future demand for the Insurtech market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the insurtech market include Damco Group, DXC Technology Company, Insurance Technology Services, Majesco, Oscar Insurance, Quantemplate, Shift Technology, TrAv, Inc., Wipro Limited, ZhongAnInsurance. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.

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Product Code: VMR11218051

1 . PREFACE

1.1. Report Description
- 1.1.1. Objective
- 1.1.2. Target Audience
- 1.1.3. Unique Selling Proposition (USP) & offerings
1.2. Research Scope
1.3. Research Methodology
- 1.3.1. Market Research Process
- 1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY

2.1. Highlights of Market
2.2. Global Market Snapshot

3 . INSURTECH - INDUSTRY ANALYSIS

3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.4. Opportunities
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Type
- 3.7.2 Market Attractiveness Analysis By Service
- 3.7.3 Market Attractiveness Analysis By Technology
- 3.7.4 Market Attractiveness Analysis By End-use
- 3.7.5 Market Attractiveness Analysis By Region

4 . VALUE CHAIN ANALYSIS

4.1. Value Chain Analysis
4.2. Raw Material Analysis
- 4.2.1. List of Raw Materials
- 4.2.2. Raw Material Manufactures List
- 4.2.3. Price Trend of Key Raw Materials
4.3. List of Potential Buyers
4.4. Marketing Channel
- 4.4.1. Direct Marketing
- 4.4.2. Indirect Marketing
- 4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK

6 . GLOBAL INSURTECH MARKET ANALYSIS BY TYPE

6.1 Overview by Type
6.2 Historical and Forecast Data
6.3 Analysis by Type
6.4 Auto Historic and Forecast Sales by Regions
6.5 Business Historic and Forecast Sales by Regions
6.6 Health Historic and Forecast Sales by Regions
6.7 Home Historic and Forecast Sales by Regions
6.8 Specialty Historic and Forecast Sales by Regions
6.9 Travel Historic and Forecast Sales by Regions
6.10. Others Historic and Forecast Sales by Regions

7 . GLOBAL INSURTECH MARKET ANALYSIS BY SERVICE

7.1 Overview by Service
7.2 Historical and Forecast Data
7.3 Analysis by Service
7.4 Consulting Historic and Forecast Sales by Regions
7.5 Support & Maintenance Historic and Forecast Sales by Regions
7.6 Managed Services Historic and Forecast Sales by Regions

8 . GLOBAL INSURTECH MARKET ANALYSIS BY TECHNOLOGY

8.1 Overview by Technology
8.2 Historical and Forecast Data
8.3 Analysis by Technology
8.4 Blockchain Historic and Forecast Sales by Regions
8.5 Cloud Computing Historic and Forecast Sales by Regions
8.6 IoT Historic and Forecast Sales by Regions
8.7 Machine Learning Historic and Forecast Sales by Regions
8.8 Robo Advisory Historic and Forecast Sales by Regions
8.9 Others Historic and Forecast Sales by Regions

9 . GLOBAL INSURTECH MARKET ANALYSIS BY END-USE

9.1 Overview by End-use
9.2 Historical and Forecast Data
9.3 Analysis by End-use
9.4 Automotive Historic and Forecast Sales by Regions
9.5 BFSI Historic and Forecast Sales by Regions
9.6 Government Historic and Forecast Sales by Regions
9.7 Healthcare Historic and Forecast Sales by Regions
9.8 Manufacturing Historic and Forecast Sales by Regions
9.9 Retail Historic and Forecast Sales by Regions
9.10. Transportation Historic and Forecast Sales by Regions
9.11 Others Historic and Forecast Sales by Regions

10 . GLOBAL INSURTECH MARKET ANALYSIS BY GEOGRAPHY

10.1. Regional Outlook
10.2. Introduction
10.3. North America Sales Analysis
- 10.3.1. Overview, Historic and Forecast Sales Analysis
- 10.3.2. North America By Segment Sales Analysis
- 10.3.3. North America By Country Sales Analysis
- 10.3.4. United State Sales Analysis
- 10.3.5. Canada Sales Analysis
- 10.3.6. Mexico Sales Analysis
10.4. Europe Sales Analysis
- 10.4.1. Overview, Historic and Forecast Sales Analysis
- 10.4.2. Europe by Segment Sales Analysis
- 10.4.3. Europe by Country Sales Analysis
- 10.4.4. United Kingdom Sales Analysis
- 10.4.5. France Sales Analysis
- 10.4.6. Germany Sales Analysis
- 10.4.7. Italy Sales Analysis
- 10.4.8. Russia Sales Analysis
- 10.4.9. Rest Of Europe Sales Analysis
10.5. Asia Pacific Sales Analysis
- 10.5.1. Overview, Historic and Forecast Sales Analysis
- 10.5.2. Asia Pacific by Segment Sales Analysis
- 10.5.3. Asia Pacific by Country Sales Analysis
- 10.5.4. China Sales Analysis
- 10.5.5. India Sales Analysis
- 10.5.6. Japan Sales Analysis
- 10.5.7. South Korea Sales Analysis
- 10.5.8. Australia Sales Analysis
- 10.5.9. Rest Of Asia Pacific Sales Analysis
10.6. Latin America Sales Analysis
- 10.6.1. Overview, Historic and Forecast Sales Analysis
- 10.6.2. Latin America by Segment Sales Analysis
- 10.6.3. Latin America by Country Sales Analysis
- 10.6.4. Brazil Sales Analysis
- 10.6.5. Argentina Sales Analysis
- 10.6.6. Peru Sales Analysis
- 10.6.7. Chile Sales Analysis
- 10.6.8. Rest of Latin America Sales Analysis
10.7. Middle East & Africa Sales Analysis
- 10.7.1. Overview, Historic and Forecast Sales Analysis
- 10.7.2. Middle East & Africa by Segment Sales Analysis
- 10.7.3. Middle East & Africa by Country Sales Analysis
- 10.7.4. Saudi Arabia Sales Analysis
- 10.7.5. UAE Sales Analysis
- 10.7.6. Israel Sales Analysis
- 10.7.7. South Africa Sales Analysis
- 10.7.8. Rest Of Middle East And Africa Sales Analysis

11 . COMPETITIVE LANDSCAPE OF THE INSURTECH COMPANIES

11.1. Insurtech Market Competition
11.2. Partnership/Collaboration/Agreement
11.3. Merger And Acquisitions
11.4. New Product Launch
11.5. Other Developments

12 . COMPANY PROFILES OF INSURTECH INDUSTRY

12.1. Top Company Share Analysis
12.2. Market Concentration Rate
12.3. Damco Group
- 12.3.1. Company Overview
- 12.3.2. Company Revenue
- 12.3.3. Products
- 12.3.4. Recent Developments
12.4. DXC Technology Company
- 12.4.1. Company Overview
- 12.4.2. Company Revenue
- 12.4.3. Products
- 12.4.4. Recent Developments
12.5. Insurance Technology Services
- 12.5.1. Company Overview
- 12.5.2. Company Revenue
- 12.5.3. Products
- 12.5.4. Recent Developments
12.6. Majesco
- 12.6.1. Company Overview
- 12.6.2. Company Revenue
- 12.6.3. Products
- 12.6.4. Recent Developments
12.7. Oscar Insurance
- 12.7.1. Company Overview
- 12.7.2. Company Revenue
- 12.7.3. Products
- 12.7.4. Recent Developments
12.8. Quantemplate
- 12.8.1. Company Overview
- 12.8.2. Company Revenue
- 12.8.3. Products
- 12.8.4. Recent Developments
12.9. Shift Technology
- 12.9.1. Company Overview
- 12.9.2. Company Revenue
- 12.9.3. Products
- 12.9.4. Recent Developments
12.10. Trov Inc.
- 12.10.1. Company Overview
- 12.10.2. Company Revenue
- 12.10.3. Products
- 12.10.4. Recent Developments
12.11. Wipro Limited
- 12.11.1. Company Overview
- 12.11.2. Company Revenue
- 12.11.3. Products
- 12.11.4. Recent Developments
12.12. ZhongAnInsurance
- 12.12.1. Company Overview
- 12.12.2. Company Revenue
- 12.12.3. Products
- 12.12.4. Recent Developments

Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies