The insurtech market would grow at a CAGR of 37.54% over the predicted time frame. The market is expected to increase in value from US$ 3.48 Bn in 2022 to US$ 172.6 Bn in 2030.
The on insurtech Market, which provides a business strategy, research & development activities, concise outline of the market valuation, valuable insights pertaining to market share, size, supply chain analysis, competitive landscape and regional proliferation of this industry.
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Report Scope of the Insurtech Market
| 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 |
| Companies Mentioned | Damco Group, DXC Technology Company, Insurance Technology Services, Majesco, Oscar Insurance, Quantemplate, Shift Technology, TrÅv, Inc., Wipro Limited, ZhongAn Insurance |
A recent report provides crucial insights along with application based and forecast information in the Global Insurtech Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of this market. This study also provides a detailed overview of the opportunities along with the current trends observed in the Insurtech market.
A quantitative analysis of the industry is compiled for a period of 10 years in order to assist players to grow in the market. Insights on specific revenue figures generated are also given in the report, along with projected revenue at the end of the forecast period.
Companies and Manufacturers Covered
The study covers key players operating in the market along with prime schemes and strategies implemented by each player to hold high positions in the industry. Such a tough vendor landscape provides a competitive outlook of the industry, consequently existing as a key insight. These insights were thoroughly analysed and prime business strategies and products that offer high revenue generation capacities were identified. Key players of the global Insurtech market are included as given below:
Insurtech Market Key Players
- Damco Group
- DXC Technology Company
- Insurance Technology Services
- Majesco
- Oscar Insurance
- Quantemplate
- Shift Technology
- TrÅv, Inc.
- Wipro Limited
- ZhongAn Insurance
Market Segments
By Services
- 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)
Report Objectives
- To define, describe, and forecast the global insurtech market based on product, and region
- To provide detailed information regarding the major factors influencing the growth of the market (drivers, opportunities, and industry-specific challenges)
- To strategically analyze micromarkets1 with respect to individual growth trends, future prospects, and contributions to the total market
- To analyze opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
- To forecast the size of market segments with respect to four main regions—North America, Europe, Asia Pacific and the Rest of the World (RoW)2
- To strategically profile key players and comprehensively analyze their product portfolios, market shares, and core competencies3
- To track and analyze competitive developments such as acquisitions, expansions, new product launches, and partnerships in the 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. TrÅv, 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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