Global Study of Insurtech Market Anticipates Steady Market Growth 2022-2028

Posted On January 11, 2023     

Value Market Research's report on the global Insurtech market anticipates the market growth to show a positive trend during 2022-2028.Insurtech refers to technological advancements for the insurance sector paradigm to save money and improve efficiency. Customers can choose from various insurance policies like health, personal, home, etc. It is a digitalized solution made with a combination of technology and insurance. It provides a tech-based model and is an efficient approach for the customer to look into all insurance information.

The rapidly growing popularity of tech-based platforms for insurance activity is a driving factor for the growth of the insurtech market. The assistance of numerous reliable technologies like artificial intelligence, machine learning, blockchains, and cloud-based technology, provide real-time surveillance and monitoring of insured activity for many organizations, which in turn is propelling the market growth of insurtech. The rapid shift toward digitalization and the developing new digital solutions are predicted to drive the market growth of the insurtech. The growing urbanization has expanded the demand for convenient and advanced solutions, fueling the insurtech market growth. Many insurance companies are adopting a new model of dealing with their clients, which is also a market-driving factor for the insurtech. However, insurance laws and security concerns may limit the market growth for insurtech.

The report "Global Insurtech Market Report By Type (Auto, Business, Health, Home, Specialty, Travel, Others), By Service (Consulting, Support & Maintenance, Managed Services), By Technology (Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, Others), By End-Use (Automotive, BFSI, Government, Healthcare, Manufacturing, Retail, Transportation, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028" provides an overview of the market and a concise summary of the report before delving into a complete revenue analysis segmented by segments and countries in the following chapters. The report analysis the industry and identifies the leading market drivers, market restraints, opportunities and prominent threats in the near future.         

The global market is classified into the following segments:

By Type, the Insurtech market is divided into: Auto, Business, Health, Home, Specialty, Travel, Others.

By Service, the Insurtech market is divided into: Consulting, Support & Maintenance, Managed Services.

By Technology, the Insurtech market is divided into: Blockchain, Cloud Computing, IOT, Machine Learning, Robo Advisory, Others.

By End-Use, the Insurtech market is divided into: Automotive, BFSI, Government, Healthcare, Manufacturing, Retail, Transportation, Others.

The report finds the leading region likely to dominate the market over the next six years among all the regions analysed. The report includes extensive research on North America, Europe, Latin America, the Middle East and Africa.

Players Profiled In the Report:
Damco Group, DXC Technology Company, Insurance Technology Services, Majesco, Oscar Insurance, Quantemplate, Shift Technology, Trōv, Inc., Wipro Limited, ZhongAnInsurance.

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