Market Research 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

ID:VMR11218051
April 2022
Report Formats: Electronic (PDF), MS EXCEL
The global demand for Insurtech Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.

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.

Global Insurtech Market Share by Region (Representative Graph)

Global Insurtech Market Share
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, Trōv, 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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Frequently Asked Questions (FAQs) about this Report

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
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic 
       5.5. COVID-19: Micro and Macro Factor Analysis
 
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. Trōv 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

 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Auto Market Sales by Geography (USD MN)
  •  Business Market Sales by Geography (USD MN)
  •  Health Market Sales by Geography (USD MN)
  •  Home Market Sales by Geography (USD MN)
  •  Specialty Market Sales by Geography (USD MN)
  •  Travel Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Analysis Market by Service (USD MN)
  •  Consulting Market Sales by Geography (USD MN)
  •  Support & Maintenance Market Sales by Geography (USD MN)
  •  Managed Services Market Sales by Geography (USD MN)
  •  Analysis by Technology (USD MN)
  •  Blockchain Market Sales by Geography (USD MN)
  •  Cloud Computing Market Sales by Geography (USD MN)
  •  IoT Market Sales by Geography (USD MN)
  •  Machine Learning Market Sales by Geography (USD MN)
  •  Robo Advisory Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Analysis by End-use (USD MN)
  •  Automotive Market Sales by Geography (USD MN)
  •  BFSI Market Sales by Geography (USD MN)
  •  Government Market Sales by Geography (USD MN)
  •  Healthcare Market Sales by Geography (USD MN)
  •  Manufacturing Market Sales by Geography (USD MN)
  •  Retail Market Sales by Geography (USD MN)
  •  Transportation Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Insurtech Market Sales by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisition
 
 LIST OF FIGURES
 
  •  Research Scope of Insurtech Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Insurtech Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Service
  •  Market Attractiveness Analysis by Technology
  •  Market Attractiveness Analysis by End-use
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Auto Market Sales by Geography (USD MN)
  •  Business Market Sales by Geography (USD MN)
  •  Health Market Sales by Geography (USD MN)
  •  Home Market Sales by Geography (USD MN)
  •  Specialty Market Sales by Geography (USD MN)
  •  Travel Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Market Analysis by Service (USD MN)
  •  Consulting Market Sales by Geography (USD MN)
  •  Support & Maintenance Market Sales by Geography (USD MN)
  •  Managed Services Market Sales by Geography (USD MN)
  •  Global Market Analysis by Technology (USD MN)
  •  Blockchain Market Sales by Geography (USD MN)
  •  Cloud Computing Market Sales by Geography (USD MN)
  •  IoT Market Sales by Geography (USD MN)
  •  Machine Learning Market Sales by Geography (USD MN)
  •  Robo Advisory Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Market Analysis by End-use (USD MN)
  •  Automotive Market Sales by Geography (USD MN)
  •  BFSI Market Sales by Geography (USD MN)
  •  Government Market Sales by Geography (USD MN)
  •  Healthcare Market Sales by Geography (USD MN)
  •  Manufacturing Market Sales by Geography (USD MN)
  •  Retail Market Sales by Geography (USD MN)
  •  Transportation Market Sales by Geography (USD MN)
  •  Others Market Sales by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Top Company Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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  • Analyze and identify major market trends along with the factors driving or inhibiting the market growth
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  • Analyze competitive developments

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