According to the research report, the global insurtech size is expected to touch USD 172.6 Billion by 2030, from USD 2 Billion in 2021, growing with a significant CAGR of 37.54% from 2022 to 2030.
The insurtech market report offers a
comprehensive study of the current state expected at the major drivers, market
strategies, and key vendors’ growth. The report presents energetic visions to
conclude and study the market size, market hopes, and competitive surroundings.
The research also focuses on the important achievements of the market, research
& development, and regional growth of the leading competitors operating in
the market. The current trends of the global insurtech market in conjunction
with the geographical landscape of this vertical have also been included in
this report.
The report offers intricate dynamics about
different aspects of the global insurtech market, which aids companies operating
in the market in making strategic development decisions. The study also
elaborates on significant changes that are highly anticipated to configure
growth of the global insurtech market during the forecast period. It also
includes a key indicator assessment that highlights growth prospects of this
market and estimates statistics related to growth of the market in terms of
value (US$ Mn) and volume (tons).
Sample Link https://www.precedenceresearch.com/sample/2124
Report Coverage | Details |
Market Size in 2022 | USD 13.48 Billion |
Market Size by 2030 | USD 172.6 Billion |
Growth Rate from 2022 to 2030 | CAGR of 37.54% |
Base Year | 2021 |
Forecast Period | 2022 to 2030 |
Segments Covered | Services, Deployment Model, Type, Technology, Application, End Use, and Geography |
This study covers a detailed segmentation
of the global insurtech market, along with key information and a competition
outlook. The report mentions company profiles of players that are currently
dominating the global insurtech market, wherein various developments,
expansions, and winning strategies practiced and implemented by leading players
have been presented in detail.
Key Players
- Damco Group
- DXC Technology Company
- Insurance Technology Services
- Majesco
- Oscar Insurance
- Quantemplate
- Shift Technology
- TrÃ…v, Inc.
- Wipro Limited
- ZhongAn Insurance
Market Segmentation
- Consulting
- Support & Maintenance
- Managed Services
By Deployment Model
- On-premise
- Cloud
By Type
- Auto
- Business
- Health
- Home
- Specialty
- Travel
- Others
By Technology
- Blockchain
- Cloud Computing
- IoT
- Machine Learning
- Robo Advisory
- Others
By Application
- Product Development & Underwriting
- Sales & Marketing
- Policy Admin Collection & Disbursement
- Claims Management
By End User
- Automotive
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- Transportation
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)
Research Methodology
The research methodology adopted by
analysts for compiling the global insurtech market report is based on detailed
primary as well as secondary research. With the help of in-depth insights of
the market-affiliated information that is obtained and legitimated by
market-admissible resources, analysts have offered riveting observations and
authentic forecasts for the global market.
During the primary research phase, analysts
interviewed market stakeholders, investors, brand managers, vice presidents,
and sales and marketing managers. Based on data obtained through interviews of
genuine resources, analysts have emphasized the changing scenario of the global
market.
For secondary research, analysts
scrutinized numerous annual report publications, white papers, market
association publications, and company websites to obtain the necessary understanding
of the global insurtech market.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Insurtech Market
5.1. COVID-19 Landscape: Insurtech Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Insurtech Market, By Services
8.1. Insurtech Market, by Services, 2022-2030
8.1.1. Consulting
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Support & Maintenance
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Managed Services
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Insurtech Market, By Deployment Model
9.1. Insurtech Market, by Deployment Model, 2022-2030
9.1.1. On-premise
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Cloud
9.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Insurtech Market, By Type
10.1. Insurtech Market, by Type, 2022-2030
10.1.1. Auto
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Business
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Health
10.1.3.1. Market Revenue and Forecast (2017-2030)
10.1.4. Home
10.1.4.1. Market Revenue and Forecast (2017-2030)
10.1.5. Specialty
10.1.5.1. Market Revenue and Forecast (2017-2030)
10.1.6. Travel
10.1.6.1. Market Revenue and Forecast (2017-2030)
10.1.7. Others
10.1.7.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Insurtech Market, By Technology
11.1. Insurtech Market, by Technology, 2022-2030
11.1.1. Blockchain
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Cloud Computing
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. IoT
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Machine Learning
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Robo Advisory
11.1.5.1. Market Revenue and Forecast (2017-2030)
11.1.5. Others
11.1.5.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Insurtech Market, By Application
12.1. Insurtech Market, by Application, 2022-2030
12.1.1. Product Development & Underwriting
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Sales & Marketing
12.1.2.1. Market Revenue and Forecast (2017-2030)
12.1.3. Policy Admin Collection & Disbursement
12.1.3.1. Market Revenue and Forecast (2017-2030)
12.1.4. Claims Management
12.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Insurtech Market, By End User
13.1. Insurtech Market, by End User, 2022-2030
13.1.1. Automotive
13.1.1.1. Market Revenue and Forecast (2017-2030)
13.1.2. BFSI
13.1.2.1. Market Revenue and Forecast (2017-2030)
13.1.3. Government
13.1.3.1. Market Revenue and Forecast (2017-2030)
13.1.4. Healthcare
13.1.4.1. Market Revenue and Forecast (2017-2030)
13.1.5. Manufacturing
13.1.5.1. Market Revenue and Forecast (2017-2030)
13.1.6. Retail
13.1.6.1. Market Revenue and Forecast (2017-2030)
13.1.7. Transportation
13.1.7.1. Market Revenue and Forecast (2017-2030)
13.1.8. Others
13.1.8.1. Market Revenue and Forecast (2017-2030)
Chapter 14. Global Insurtech Market, Regional Estimates and Trend Forecast
14.1. North America
14.1.1. Market Revenue and Forecast, by Services (2017-2030)
14.1.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.1.3. Market Revenue and Forecast, by Type (2017-2030)
14.1.4. Market Revenue and Forecast, by Technology (2017-2030)
14.1.5. Market Revenue and Forecast, by Application (2017-2030)
14.1.6. Market Revenue and Forecast, by End User (2017-2030)
14.1.7. U.S.
14.1.7.1. Market Revenue and Forecast, by Services (2017-2030)
14.1.7.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.1.7.3. Market Revenue and Forecast, by Type (2017-2030)
14.1.7.4. Market Revenue and Forecast, by Technology (2017-2030)
14.1.8. Market Revenue and Forecast, by Application (2017-2030)
14.1.8.1. Market Revenue and Forecast, by End User (2017-2030)
14.1.9. Rest of North America
14.1.9.1. Market Revenue and Forecast, by Services (2017-2030)
14.1.9.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.1.9.3. Market Revenue and Forecast, by Type (2017-2030)
14.1.9.4. Market Revenue and Forecast, by Technology (2017-2030)
14.1.10. Market Revenue and Forecast, by Application (2017-2030)
14.1.11. Market Revenue and Forecast, by End User (2017-2030)
14.1.11.1.
14.2. Europe
14.2.1. Market Revenue and Forecast, by Services (2017-2030)
14.2.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.2.3. Market Revenue and Forecast, by Type (2017-2030)
14.2.4. Market Revenue and Forecast, by Technology (2017-2030)
14.2.5. Market Revenue and Forecast, by Application (2017-2030)
14.2.6. Market Revenue and Forecast, by End User (2017-2030)
14.2.7.
14.2.8. UK
14.2.8.1. Market Revenue and Forecast, by Services (2017-2030)
14.2.8.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.2.8.3. Market Revenue and Forecast, by Type (2017-2030)
14.2.9. Market Revenue and Forecast, by Technology (2017-2030)
14.2.10. Market Revenue and Forecast, by Application (2017-2030)
14.2.10.1. Market Revenue and Forecast, by End User (2017-2030)
14.2.11. Germany
14.2.11.1. Market Revenue and Forecast, by Services (2017-2030)
14.2.11.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.2.11.3. Market Revenue and Forecast, by Type (2017-2030)
14.2.12. Market Revenue and Forecast, by Technology (2017-2030)
14.2.13. Market Revenue and Forecast, by Application (2017-2030)
14.2.14. Market Revenue and Forecast, by End User (2017-2030)
14.2.14.1.
14.2.15. France
14.2.15.1. Market Revenue and Forecast, by Services (2017-2030)
14.2.15.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.2.15.3. Market Revenue and Forecast, by Type (2017-2030)
14.2.15.4. Market Revenue and Forecast, by Technology (2017-2030)
14.2.16. Market Revenue and Forecast, by Application (2017-2030)
14.2.16.1. Market Revenue and Forecast, by End User (2017-2030)
14.2.17. Rest of Europe
14.2.17.1. Market Revenue and Forecast, by Services (2017-2030)
14.2.17.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.2.17.3. Market Revenue and Forecast, by Type (2017-2030)
14.2.17.4. Market Revenue and Forecast, by Technology (2017-2030)
14.2.18. Market Revenue and Forecast, by Application (2017-2030)
14.2.18.1. Market Revenue and Forecast, by End User (2017-2030)
14.3. APAC
14.3.1. Market Revenue and Forecast, by Services (2017-2030)
14.3.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.3.3. Market Revenue and Forecast, by Type (2017-2030)
14.3.4. Market Revenue and Forecast, by Technology (2017-2030)
14.3.5. Market Revenue and Forecast, by Application (2017-2030)
14.3.6. Market Revenue and Forecast, by End User (2017-2030)
14.3.7. India
14.3.7.1. Market Revenue and Forecast, by Services (2017-2030)
14.3.7.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.3.7.3. Market Revenue and Forecast, by Type (2017-2030)
14.3.7.4. Market Revenue and Forecast, by Technology (2017-2030)
14.3.8. Market Revenue and Forecast, by Application (2017-2030)
14.3.9. Market Revenue and Forecast, by End User (2017-2030)
14.3.10. China
14.3.10.1. Market Revenue and Forecast, by Services (2017-2030)
14.3.10.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.3.10.3. Market Revenue and Forecast, by Type (2017-2030)
14.3.10.4. Market Revenue and Forecast, by Technology (2017-2030)
14.3.11. Market Revenue and Forecast, by Application (2017-2030)
14.3.11.1. Market Revenue and Forecast, by End User (2017-2030)
14.3.12. Japan
14.3.12.1. Market Revenue and Forecast, by Services (2017-2030)
14.3.12.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.3.12.3. Market Revenue and Forecast, by Type (2017-2030)
14.3.12.4. Market Revenue and Forecast, by Technology (2017-2030)
14.3.12.5. Market Revenue and Forecast, by Application (2017-2030)
14.3.12.6. Market Revenue and Forecast, by End User (2017-2030)
14.3.13. Rest of APAC
14.3.13.1. Market Revenue and Forecast, by Services (2017-2030)
14.3.13.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.3.13.3. Market Revenue and Forecast, by Type (2017-2030)
14.3.13.4. Market Revenue and Forecast, by Technology (2017-2030)
14.3.13.5. Market Revenue and Forecast, by Application (2017-2030)
14.3.13.6. Market Revenue and Forecast, by End User (2017-2030)
14.4. MEA
14.4.1. Market Revenue and Forecast, by Services (2017-2030)
14.4.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.4.3. Market Revenue and Forecast, by Type (2017-2030)
14.4.4. Market Revenue and Forecast, by Technology (2017-2030)
14.4.5. Market Revenue and Forecast, by Application (2017-2030)
14.4.6. Market Revenue and Forecast, by End User (2017-2030)
14.4.7. GCC
14.4.7.1. Market Revenue and Forecast, by Services (2017-2030)
14.4.7.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.4.7.3. Market Revenue and Forecast, by Type (2017-2030)
14.4.7.4. Market Revenue and Forecast, by Technology (2017-2030)
14.4.8. Market Revenue and Forecast, by Application (2017-2030)
14.4.9. Market Revenue and Forecast, by End User (2017-2030)
14.4.10. North Africa
14.4.10.1. Market Revenue and Forecast, by Services (2017-2030)
14.4.10.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.4.10.3. Market Revenue and Forecast, by Type (2017-2030)
14.4.10.4. Market Revenue and Forecast, by Technology (2017-2030)
14.4.11. Market Revenue and Forecast, by Application (2017-2030)
14.4.12. Market Revenue and Forecast, by End User (2017-2030)
14.4.13. South Africa
14.4.13.1. Market Revenue and Forecast, by Services (2017-2030)
14.4.13.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.4.13.3. Market Revenue and Forecast, by Type (2017-2030)
14.4.13.4. Market Revenue and Forecast, by Technology (2017-2030)
14.4.13.5. Market Revenue and Forecast, by Application (2017-2030)
14.4.13.6. Market Revenue and Forecast, by End User (2017-2030)
14.4.14. Rest of MEA
14.4.14.1. Market Revenue and Forecast, by Services (2017-2030)
14.4.14.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.4.14.3. Market Revenue and Forecast, by Type (2017-2030)
14.4.14.4. Market Revenue and Forecast, by Technology (2017-2030)
14.4.14.5. Market Revenue and Forecast, by Application (2017-2030)
14.4.14.6. Market Revenue and Forecast, by End User (2017-2030)
14.5. Latin America
14.5.1. Market Revenue and Forecast, by Services (2017-2030)
14.5.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.5.3. Market Revenue and Forecast, by Type (2017-2030)
14.5.4. Market Revenue and Forecast, by Technology (2017-2030)
14.5.5. Market Revenue and Forecast, by Application (2017-2030)
14.5.6. Market Revenue and Forecast, by End User (2017-2030)
14.5.7. Brazil
14.5.7.1. Market Revenue and Forecast, by Services (2017-2030)
14.5.7.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.5.7.3. Market Revenue and Forecast, by Type (2017-2030)
14.5.7.4. Market Revenue and Forecast, by Technology (2017-2030)
14.5.8. Market Revenue and Forecast, by Application (2017-2030)
14.5.8.1. Market Revenue and Forecast, by End User (2017-2030)
14.5.9. Rest of LATAM
14.5.9.1. Market Revenue and Forecast, by Services (2017-2030)
14.5.9.2. Market Revenue and Forecast, by Deployment Model (2017-2030)
14.5.9.3. Market Revenue and Forecast, by Type (2017-2030)
14.5.9.4. Market Revenue and Forecast, by Technology (2017-2030)
14.5.9.5. Market Revenue and Forecast, by Application (2017-2030)
14.5.9.6. Market Revenue and Forecast, by End User (2017-2030)
Chapter 15. Company Profiles
15.1. Damco Group
15.1.1. Company Overview
15.1.2. Product Offerings
15.1.3. Financial Performance
15.1.4. Recent Initiatives
15.2. DXC Technology Company
15.2.1. Company Overview
15.2.2. Product Offerings
15.2.3. Financial Performance
15.2.4. Recent Initiatives
15.3. Insurance Technology Services
15.3.1. Company Overview
15.3.2. Product Offerings
15.3.3. Financial Performance
15.3.4. Recent Initiatives
15.4. Majesco
15.4.1. Company Overview
15.4.2. Product Offerings
15.4.3. Financial Performance
15.4.4. Recent Initiatives
15.5. Oscar Insurance
15.5.1. Company Overview
15.5.2. Product Offerings
15.5.3. Financial Performance
15.5.4. Recent Initiatives
15.6. Quantemplate
15.6.1. Company Overview
15.6.2. Product Offerings
15.6.3. Financial Performance
15.6.4. Recent Initiatives
15.7. Shift Technology
15.7.1. Company Overview
15.7.2. Product Offerings
15.7.3. Financial Performance
15.7.4. Recent Initiatives
15.8. TrÃ…v, Inc.
15.8.1. Company Overview
15.8.2. Product Offerings
15.8.3. Financial Performance
15.8.4. Recent Initiatives
15.9. Wipro Limited
15.9.1. Company Overview
15.9.2. Product Offerings
15.9.3. Financial Performance
15.9.4. Recent Initiatives
15.10. ZhongAn Insurance
15.10.1. Company Overview
15.10.2. Product Offerings
15.10.3. Financial Performance
15.10.4. Recent Initiatives
Chapter 16. Research Methodology
16.1. Primary Research
16.2. Secondary Research
16.3. Assumptions
Chapter 17. Appendix
17.1. About Us
17.2. Glossary of Terms
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