Global On-Demand Insurance Market Report By Coverage (Car Insurance, Home Appliances Insurance, Entertainment Insurance, Contractor Insurance, Electronic Equipment Insurance, Others), By End-user (Individuals, Business) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2022-2030
The global demand for On-Demand Insurance Market is presumed to reach the market size of nearly USD 11.49 BN by 2030 from USD 2.27 BN in 2022 with a CAGR of 22.48% under the study period 2023 - 2030.
On-demand insurance, also known as episodic or pay-per-use insurance, is insurance coverage that allows individuals or businesses to obtain insurance protection for a specific duration or for a particular event or activity. It deviates from traditional insurance models that typically involve long-term contracts and fixed premiums.
Changing consumer expectations and demands for convenience and flexibility drive the demand for on-demand insurance. Consumers seek insurance solutions that can be easily customized, activated, and managed according to their immediate needs without the constraints of long-term commitments. The widespread adoption of digital technologies has paved the way for such financial products. Digital platforms and mobile applications provide the necessary infrastructure for insurance providers to offer flexible, accessible, and user-friendly solutions. The growth of the sharing economy, characterized by platforms like ride-sharing, home-sharing, and freelancing, has created new insurance needs. On-demand insurance allows individuals and businesses to customize their coverage based on their specific needs and the duration of their activities. The emergence of the gig economy and flexible work arrangements has created a heightened demand for insurance solutions that cater to non-traditional employment models.
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 on-demand insurance. The growth and trends of on-demand insurance industry provide a holistic approach to this study.
This section of the on-demand insurance 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.
Home Appliances Insurance
Electronic Equipment Insurance
This section covers the regional outlook, which accentuates current and future demand for the On-Demand Insurance 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 On-Demand Insurance Market Share by Region (Representative Graph)
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 on-demand insurance market include Slice Insurance Technologies Inc., VSure.life, Xceedance Inc., SkyWatch Insurance Services Inc., JaSure, Thimble, JAUTIN, Cuvva, Snap-it Cover. 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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1 . PREFACE
1.1. Report Description
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 . ON-DEMAND INSURANCE – INDUSTRY ANALYSIS
3.1. Introduction - Market Dynamics
3.2. Market Drivers
3.3. Market Restraints
3.5. Industry Trends
3.6. Porter's Five Force Analysis
3.7. Market Attractiveness Analysis
3.7.1 Market Attractiveness Analysis By Coverage
3.7.2 Market Attractiveness Analysis By End-user
3.7.3 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 . GLOBAL ON-DEMAND INSURANCE MARKET ANALYSIS BY COVERAGE
5.1 Overview by Coverage
5.2 Historical and Forecast Data
5.3 Analysis by Coverage
5.4 Car Insurance Historic and Forecast Sales by Regions
5.5 Home Appliances Insurance Historic and Forecast Sales by Regions
5.6 Entertainment Insurance Historic and Forecast Sales by Regions
5.7 Contractor Insurance Historic and Forecast Sales by Regions
5.8 Electronic Equipment Insurance Historic and Forecast Sales by Regions
5.9 Others Historic and Forecast Sales by Regions
6 . GLOBAL ON-DEMAND INSURANCE MARKET ANALYSIS BY END-USER
6.1 Overview by End-user
6.2 Historical and Forecast Data
6.3 Analysis by End-user
Frequently Asked Questions (FAQs) about this Report
The Global On-Demand Insurance Market size was worth USD 2.27 Billion in 2022.
For the years 2023-2030, the Global On-Demand Insurance Market growth is expected to be around 22.48%.
The Global On-Demand Insurance Market is currently dominated by North America.
The Global On-Demand Insurance Market is segmented by Coverage (Car Insurance, Home Appliances Insurance, Entertainment Insurance, Contractor Insurance, Electronic Equipment Insurance, Others), by End-user (Individuals, Business).
The leading players in the Global On-Demand Insurance Market are Slice Insurance Technologies Inc., VSure.life, Xceedance Inc., SkyWatch Insurance Services Inc., JaSure, Thimble, JAUTIN, Cuvva, Snap-it Cover.