AllTheResearch’s “Global InsurTech Market - Strategic recommendations, Trends, Segmentation, Use case Analysis, Competitive Intelligence, Global and Regional Forecast (to 2027)” report provides an overview of the market size of InsurTech for the regions United States, Europe (France, Germany, Italy, Spain, UK) and Japan, etc. Based on the InsurTech industrial chain, this report mainly elaborates on the definition, types, applications, and major players of the InsurTech Market in detail. Deep analysis about market status (2017-2021), enterprise competition pattern, advantages and disadvantages of enterprise Products, industry development trends (2021-2027), regional industrial layout characteristics and macroeconomic policies, industrial policy has also been included.
From raw materials to downstream buyers of this industry will be analyzed scientifically, the feature of product circulation and sales channel will be presented as well. In a word, this report will help you to establish a panorama of industrial development and the characteristics of the InsurTech Market.
The InsurTech Market size was valued at US$ 5,480 Mn in 2018 and is expected to grow at a compound annual growth rate (CAGR) of 10.8% for the forecast period ending 2027 reaching a Market value of US$ 11,234 Mn. Some of the key players covered in the InsurTech Market report include
DXC Technology Company
Insurance Technology Services
As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application, and geography.
By Product Type
By Product (Health Insurance, Business Insurance, Travel Insurance, Life Insurance, Home Insurance, Personal Liability, Car Insurance, Specialty)
By Technology (Cloud Computing, Artificial Intelligence, Blockchain, Internet of Things, Big data & Analytics, Others)By Deployment Mode (On-premises, Cloud)
North America [United States, Canada, Mexico]
South America [Brazil, Argentina, Columbia, Chile, Peru]
Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
Middle East & Africa [GCC, North Africa, South Africa]
Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
Our experts synthesize information from proprietary databases, syndicated reports, primary research, and secondary data, such as company reports, press releases, published peer-reviewed journal articles, disease registries, and general news media to provide a complete picture of your Market. Our approach ensures that every data point and inference go through multiple validations while leveraging a variety of sources to formulate market and opportunity size.
Key Coverage and Benefits:
The report will help in developing business strategies by understanding the trends shaping and driving the global InsurTech market.
The report provides detailed historical and forecasted data of InsurTech from 2016-2027.
Organize sales and marketing efforts by identifying the best opportunities for InsurTech in the US, Europe, and Japan.
To understand the future market competition in the global InsurTech and insightful review of the key market drivers and barriers.
To understand the regulatory scenario in major markets.
The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end-users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
Key Target Audience:
Raw material suppliers
Market research and consulting firms
Government bodies such as regulating authorities and policymakers
Organizations, forums, and alliances related to InsurTech forums and alliances related to InsurTech
Impact of COVID-19 on InsurTech Market:
InsurTech Market report analyses the impact of Coronavirus (COVID-19) on the InsurTech industry. Since the COVID-19 virus outbreak in December 2019, the disease has spread to almost 180+ countries around the globe with the World Health Organization declaring it a public health emergency. The global impacts of the coronavirus disease 2019 (COVID-19) are already starting to be felt, and will significantly affect the InsurTech market in 2021
Key Highlights of the Table of Contents:
InsurTech Market Study Coverage: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global InsurTech Market, and study objectives. Additionally, it touches on the segmentation study provided in the report based on the type of product and applications.
InsurTech Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.
InsurTech Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.
InsurTech Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player.
Frequently Asked Questions:
What are the key factors driving InsurTech Market expansion?
What will be the value of InsurTech Market during 2020- 2027?
Which region will make notable contributions towards global InsurTech Market revenue?
What are the key players leveraging InsurTech Market growth?
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Date : Aug 2021
Report ID : 41
Category : Information Technology
The Global InsurTech Market was valued at USD 5,480 Mn in 2020 is expected to reach USD 11,234 Mn by 2027 , with a
growing CAGR of 10.80% during the forecast period (2020-2027).
Insurtech or insurance technology refers to solutions and mechanisms used to simplify policy management, minimize
costs, and improve the overall customer experience. It involves the use of various innovative technologies, such as big
data, Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT), to gain insight into consumer
behaviour, manage brokers, and provide personalized products. InsurTech operates through chatbots, interactive
dashboards, and smartphone applications to respond to real-time queries, detect fraud, process claims, underwrite,
and model risks and needs. Therefore, Insurtech is widely used to manage life, accident, medical, personal, and
The remarkable growth of the global Banking, Financial Services, and Insurance (BFSI) industry is one of the key factors
that create a positive outlook for the global InsurTech market. Moreover, the rapid digitization of insurance services is
also driving the market growth. Insurance providers are using advanced technology solutions to improve
communication with customers and effectively implement automated processes. As the coronavirus (COVID-19)
continues to spread across the globe, there has been a significant increase in the demand for customized insurance
policies, which are available through online platforms and smartphone apps. Health insurance providers are also
adopting InsurTech solutions to simplify claims processing procedures. In addition, it has been addressed various
technological advancements, and the use of digital core legac