Global InsurTech (Insurance Technology) Market 2024 by Company, Regions, Type and Application, Forecast to 2030

Publication ID:

GIR012413302

Publication Date:

January 1, 2024

Pages:

113

Publisher:

GIR

Countries:

Global [1]

USD 3,480.00

Internet [2]

Computing & Electronics [3]

Description:

The global InsurTech (Insurance Technology) market size was valued at USD 1255.8 million in 2023 and is forecast to a readjusted size of USD 3998.4 million by 2030 with a CAGR of 18.0% during review period.
Insurtech refers to technological innovations that are created and implemented to improve the efficiency of the insurance industry. Insurtech powers the creation, distribution, and administration of the insurance business.Technologies that are currently used in the insurtech field mainly covered Artificial intelligence (AI), Machine learning (ML), Internet of Things (IoT), Smartphone apps, Blockchain technology, etc.The report mainly counts InsurTech technology providers, third-party platforms, agency platforms and insurance IT is not covered.
Global key players of Insurtech include DXC Technology, Damco Solutions, Wipro Limited, and Majesco, etc. The top four players hold a share over 1% respectively. In the view of region, North America and Europe, both have a share about 20%. In terms of application, the largest application is AI, followed by cloud computing, which account for a share of 35%, 25% respectively. Based on the application, the property and casualty, hold a share over 50%.
The report includes an overview of the development of the InsurTech (Insurance Technology) industry chain, the market status of Property and Casualty (Cloud Computing, IoT), Health (Cloud Computing, IoT), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of InsurTech (Insurance Technology).
Regionally, the report analyzes the InsurTech (Insurance Technology) markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global InsurTech (Insurance Technology) market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the InsurTech (Insurance Technology) market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the InsurTech (Insurance Technology) industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the revenue generated, and market share of different by Type (e.g., Cloud Computing, IoT).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the InsurTech (Insurance Technology) market.
Regional Analysis: The report involves examining the InsurTech (Insurance Technology) market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the InsurTech (Insurance Technology) market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to InsurTech (Insurance Technology):
Company Analysis: Report covers individual InsurTech (Insurance Technology) players, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards InsurTech (Insurance Technology) This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Property and Casualty, Health).
Technology Analysis: Report covers specific technologies relevant to InsurTech (Insurance Technology). It assesses the current state, advancements, and potential future developments in InsurTech (Insurance Technology) areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the InsurTech (Insurance Technology) market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
InsurTech (Insurance Technology) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value.
Market segment by Type
Cloud Computing
IoT
AI
Others
Market segment by Application
Property and Casualty
Health
Life
Market segment by players, this report covers
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe InsurTech (Insurance Technology) product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of InsurTech (Insurance Technology), with revenue, gross margin and global market share of InsurTech (Insurance Technology) from 2019 to 2024.
Chapter 3, the InsurTech (Insurance Technology) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and InsurTech (Insurance Technology) market forecast, by regions, type and application, with consumption value, from 2025 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of InsurTech (Insurance Technology).
Chapter 13, to describe InsurTech (Insurance Technology) research findings and conclusion.

Please Note - This is an on demand report and will be delivered in 2 business days (48 Hours) post payment.

Table Of Contents:

1 Market Overview
1.1 Product Overview and Scope of InsurTech (Insurance Technology)
1.2 Market Estimation Caveats and Base Year
1.3 Classification of InsurTech (Insurance Technology) by Type
1.3.1 Overview: Global InsurTech (Insurance Technology) Market Size by Type: 2019 Versus 2023 Versus 2030
1.3.2 Global InsurTech (Insurance Technology) Consumption Value Market Share by Type in 2023
1.3.3 Cloud Computing
1.3.4 IoT
1.3.5 AI
1.3.6 Others
1.4 Global InsurTech (Insurance Technology) Market by Application
1.4.1 Overview: Global InsurTech (Insurance Technology) Market Size by Application: 2019 Versus 2023 Versus 2030
1.4.2 Property and Casualty
1.4.3 Health
1.4.4 Life
1.5 Global InsurTech (Insurance Technology) Market Size & Forecast
1.6 Global InsurTech (Insurance Technology) Market Size and Forecast by Region
1.6.1 Global InsurTech (Insurance Technology) Market Size by Region: 2019 VS 2023 VS 2030
1.6.2 Global InsurTech (Insurance Technology) Market Size by Region, (2019-2030)
1.6.3 North America InsurTech (Insurance Technology) Market Size and Prospect (2019-2030)
1.6.4 Europe InsurTech (Insurance Technology) Market Size and Prospect (2019-2030)
1.6.5 Asia-Pacific InsurTech (Insurance Technology) Market Size and Prospect (2019-2030)
1.6.6 South America InsurTech (Insurance Technology) Market Size and Prospect (2019-2030)
1.6.7 Middle East and Africa InsurTech (Insurance Technology) Market Size and Prospect (2019-2030)
2 Company Profiles
2.1 Zipari
2.1.1 Zipari Details
2.1.2 Zipari Major Business
2.1.3 Zipari InsurTech (Insurance Technology) Product and Solutions
2.1.4 Zipari InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.1.5 Zipari Recent Developments and Future Plans
2.2 Corvus Insurance
2.2.1 Corvus Insurance Details
2.2.2 Corvus Insurance Major Business
2.2.3 Corvus Insurance InsurTech (Insurance Technology) Product and Solutions
2.2.4 Corvus Insurance InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.2.5 Corvus Insurance Recent Developments and Future Plans
2.3 Wipro Limited
2.3.1 Wipro Limited Details
2.3.2 Wipro Limited Major Business
2.3.3 Wipro Limited InsurTech (Insurance Technology) Product and Solutions
2.3.4 Wipro Limited InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.3.5 Wipro Limited Recent Developments and Future Plans
2.4 DXC Technology Company
2.4.1 DXC Technology Company Details
2.4.2 DXC Technology Company Major Business
2.4.3 DXC Technology Company InsurTech (Insurance Technology) Product and Solutions
2.4.4 DXC Technology Company InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.4.5 DXC Technology Company Recent Developments and Future Plans
2.5 Majesco
2.5.1 Majesco Details
2.5.2 Majesco Major Business
2.5.3 Majesco InsurTech (Insurance Technology) Product and Solutions
2.5.4 Majesco InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.5.5 Majesco Recent Developments and Future Plans
2.6 OutSystems
2.6.1 OutSystems Details
2.6.2 OutSystems Major Business
2.6.3 OutSystems InsurTech (Insurance Technology) Product and Solutions
2.6.4 OutSystems InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.6.5 OutSystems Recent Developments and Future Plans
2.7 Damco Solutions
2.7.1 Damco Solutions Details
2.7.2 Damco Solutions Major Business
2.7.3 Damco Solutions InsurTech (Insurance Technology) Product and Solutions
2.7.4 Damco Solutions InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.7.5 Damco Solutions Recent Developments and Future Plans
2.8 Octo
2.8.1 Octo Details
2.8.2 Octo Major Business
2.8.3 Octo InsurTech (Insurance Technology) Product and Solutions
2.8.4 Octo InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.8.5 Octo Recent Developments and Future Plans
2.9 ControlExpert
2.9.1 ControlExpert Details
2.9.2 ControlExpert Major Business
2.9.3 ControlExpert InsurTech (Insurance Technology) Product and Solutions
2.9.4 ControlExpert InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.9.5 ControlExpert Recent Developments and Future Plans
2.10 Sureify
2.10.1 Sureify Details
2.10.2 Sureify Major Business
2.10.3 Sureify InsurTech (Insurance Technology) Product and Solutions
2.10.4 Sureify InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.10.5 Sureify Recent Developments and Future Plans
2.11 iSoftStone
2.11.1 iSoftStone Details
2.11.2 iSoftStone Major Business
2.11.3 iSoftStone InsurTech (Insurance Technology) Product and Solutions
2.11.4 iSoftStone InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.11.5 iSoftStone Recent Developments and Future Plans
2.12 eBaoTech
2.12.1 eBaoTech Details
2.12.2 eBaoTech Major Business
2.12.3 eBaoTech InsurTech (Insurance Technology) Product and Solutions
2.12.4 eBaoTech InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
2.12.5 eBaoTech Recent Developments and Future Plans
3 Market Competition, by Players
3.1 Global InsurTech (Insurance Technology) Revenue and Share by Players (2019-2024)
3.2 Market Share Analysis (2023)
3.2.1 Market Share of InsurTech (Insurance Technology) by Company Revenue
3.2.2 Top 3 InsurTech (Insurance Technology) Players Market Share in 2023
3.2.3 Top 6 InsurTech (Insurance Technology) Players Market Share in 2023
3.3 InsurTech (Insurance Technology) Market: Overall Company Footprint Analysis
3.3.1 InsurTech (Insurance Technology) Market: Region Footprint
3.3.2 InsurTech (Insurance Technology) Market: Company Product Type Footprint
3.3.3 InsurTech (Insurance Technology) Market: Company Product Application Footprint
3.4 New Market Entrants and Barriers to Market Entry
3.5 Mergers, Acquisition, Agreements, and Collaborations
4 Market Size Segment by Type
4.1 Global InsurTech (Insurance Technology) Consumption Value and Market Share by Type (2019-2024)
4.2 Global InsurTech (Insurance Technology) Market Forecast by Type (2025-2030)
5 Market Size Segment by Application
5.1 Global InsurTech (Insurance Technology) Consumption Value Market Share by Application (2019-2024)
5.2 Global InsurTech (Insurance Technology) Market Forecast by Application (2025-2030)
6 North America
6.1 North America InsurTech (Insurance Technology) Consumption Value by Type (2019-2030)
6.2 North America InsurTech (Insurance Technology) Consumption Value by Application (2019-2030)
6.3 North America InsurTech (Insurance Technology) Market Size by Country
6.3.1 North America InsurTech (Insurance Technology) Consumption Value by Country (2019-2030)
6.3.2 United States InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
6.3.3 Canada InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
6.3.4 Mexico InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
7 Europe
7.1 Europe InsurTech (Insurance Technology) Consumption Value by Type (2019-2030)
7.2 Europe InsurTech (Insurance Technology) Consumption Value by Application (2019-2030)
7.3 Europe InsurTech (Insurance Technology) Market Size by Country
7.3.1 Europe InsurTech (Insurance Technology) Consumption Value by Country (2019-2030)
7.3.2 Germany InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
7.3.3 France InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
7.3.4 United Kingdom InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
7.3.5 Russia InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
7.3.6 Italy InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8 Asia-Pacific
8.1 Asia-Pacific InsurTech (Insurance Technology) Consumption Value by Type (2019-2030)
8.2 Asia-Pacific InsurTech (Insurance Technology) Consumption Value by Application (2019-2030)
8.3 Asia-Pacific InsurTech (Insurance Technology) Market Size by Region
8.3.1 Asia-Pacific InsurTech (Insurance Technology) Consumption Value by Region (2019-2030)
8.3.2 China InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8.3.3 Japan InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8.3.4 South Korea InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8.3.5 India InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8.3.6 Southeast Asia InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
8.3.7 Australia InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
9 South America
9.1 South America InsurTech (Insurance Technology) Consumption Value by Type (2019-2030)
9.2 South America InsurTech (Insurance Technology) Consumption Value by Application (2019-2030)
9.3 South America InsurTech (Insurance Technology) Market Size by Country
9.3.1 South America InsurTech (Insurance Technology) Consumption Value by Country (2019-2030)
9.3.2 Brazil InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
9.3.3 Argentina InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
10 Middle East & Africa
10.1 Middle East & Africa InsurTech (Insurance Technology) Consumption Value by Type (2019-2030)
10.2 Middle East & Africa InsurTech (Insurance Technology) Consumption Value by Application (2019-2030)
10.3 Middle East & Africa InsurTech (Insurance Technology) Market Size by Country
10.3.1 Middle East & Africa InsurTech (Insurance Technology) Consumption Value by Country (2019-2030)
10.3.2 Turkey InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
10.3.3 Saudi Arabia InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
10.3.4 UAE InsurTech (Insurance Technology) Market Size and Forecast (2019-2030)
11 Market Dynamics
11.1 InsurTech (Insurance Technology) Market Drivers
11.2 InsurTech (Insurance Technology) Market Restraints
11.3 InsurTech (Insurance Technology) Trends Analysis
11.4 Porters Five Forces Analysis
11.4.1 Threat of New Entrants
11.4.2 Bargaining Power of Suppliers
11.4.3 Bargaining Power of Buyers
11.4.4 Threat of Substitutes
11.4.5 Competitive Rivalry
12 Industry Chain Analysis
12.1 InsurTech (Insurance Technology) Industry Chain
12.2 InsurTech (Insurance Technology) Upstream Analysis
12.3 InsurTech (Insurance Technology) Midstream Analysis
12.4 InsurTech (Insurance Technology) Downstream Analysis
13 Research Findings and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Process and Data Source
14.3 Disclaimer

Companies Mentioned:

Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech

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