Global InsurTech (Insurance Technology) Market Growth (Status and Outlook) 2024-2030

Publication ID:

LPI01246463

Publication Date:

January 4, 2024

Pages:

101

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Internet [2]

Computing & Electronics [3]

Description:

The global InsurTech (Insurance Technology) market size was valued at US$ 1193.9 million in 2023. With growing demand in downstream market, the InsurTech (Insurance Technology) is forecast to a readjusted size of US$ 4155.5 million by 2030 with a CAGR of 19.5% during review period.
The research report highlights the growth potential of the global InsurTech (Insurance Technology) market. InsurTech (Insurance Technology) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of InsurTech (Insurance Technology). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the InsurTech (Insurance Technology) market.
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%.
Key Features:
The report on InsurTech (Insurance Technology) market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the InsurTech (Insurance Technology) market. It may include historical data, market segmentation by Type (e.g., Cloud Computing, IoT), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the InsurTech (Insurance Technology) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the InsurTech (Insurance Technology) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the InsurTech (Insurance Technology) industry. This include advancements in InsurTech (Insurance Technology) technology, InsurTech (Insurance Technology) new entrants, InsurTech (Insurance Technology) new investment, and other innovations that are shaping the future of InsurTech (Insurance Technology).
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the InsurTech (Insurance Technology) market. It includes factors influencing customer ' purchasing decisions, preferences for InsurTech (Insurance Technology) product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the InsurTech (Insurance Technology) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting InsurTech (Insurance Technology) market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the InsurTech (Insurance Technology) market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the InsurTech (Insurance Technology) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the InsurTech (Insurance Technology) market.
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.
Segmentation by type
Cloud Computing
IoT
AI
Others
Segmentation by application
Property and Casualty
Health
Life
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech

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

Table Of Contents:

1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global InsurTech (Insurance Technology) Market Size 2019-2030
2.1.2 InsurTech (Insurance Technology) Market Size CAGR by Region 2019 VS 2023 VS 2030
2.2 InsurTech (Insurance Technology) Segment by Type
2.2.1 Cloud Computing
2.2.2 IoT
2.2.3 AI
2.2.4 Others
2.3 InsurTech (Insurance Technology) Market Size by Type
2.3.1 InsurTech (Insurance Technology) Market Size CAGR by Type (2019 VS 2023 VS 2030)
2.3.2 Global InsurTech (Insurance Technology) Market Size Market Share by Type (2019-2024)
2.4 InsurTech (Insurance Technology) Segment by Application
2.4.1 Property and Casualty
2.4.2 Health
2.4.3 Life
2.5 InsurTech (Insurance Technology) Market Size by Application
2.5.1 InsurTech (Insurance Technology) Market Size CAGR by Application (2019 VS 2023 VS 2030)
2.5.2 Global InsurTech (Insurance Technology) Market Size Market Share by Application (2019-2024)
3 InsurTech (Insurance Technology) Market Size by Player
3.1 InsurTech (Insurance Technology) Market Size Market Share by Players
3.1.1 Global InsurTech (Insurance Technology) Revenue by Players (2019-2024)
3.1.2 Global InsurTech (Insurance Technology) Revenue Market Share by Players (2019-2024)
3.2 Global InsurTech (Insurance Technology) Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
3.3.1 Competition Landscape Analysis
3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 InsurTech (Insurance Technology) by Regions
4.1 InsurTech (Insurance Technology) Market Size by Regions (2019-2024)
4.2 Americas InsurTech (Insurance Technology) Market Size Growth (2019-2024)
4.3 APAC InsurTech (Insurance Technology) Market Size Growth (2019-2024)
4.4 Europe InsurTech (Insurance Technology) Market Size Growth (2019-2024)
4.5 Middle East & Africa InsurTech (Insurance Technology) Market Size Growth (2019-2024)
5 Americas
5.1 Americas InsurTech (Insurance Technology) Market Size by Country (2019-2024)
5.2 Americas InsurTech (Insurance Technology) Market Size by Type (2019-2024)
5.3 Americas InsurTech (Insurance Technology) Market Size by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC InsurTech (Insurance Technology) Market Size by Region (2019-2024)
6.2 APAC InsurTech (Insurance Technology) Market Size by Type (2019-2024)
6.3 APAC InsurTech (Insurance Technology) Market Size by Application (2019-2024)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe InsurTech (Insurance Technology) by Country (2019-2024)
7.2 Europe InsurTech (Insurance Technology) Market Size by Type (2019-2024)
7.3 Europe InsurTech (Insurance Technology) Market Size by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa InsurTech (Insurance Technology) by Region (2019-2024)
8.2 Middle East & Africa InsurTech (Insurance Technology) Market Size by Type (2019-2024)
8.3 Middle East & Africa InsurTech (Insurance Technology) Market Size by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Global InsurTech (Insurance Technology) Market Forecast
10.1 Global InsurTech (Insurance Technology) Forecast by Regions (2025-2030)
10.1.1 Global InsurTech (Insurance Technology) Forecast by Regions (2025-2030)
10.1.2 Americas InsurTech (Insurance Technology) Forecast
10.1.3 APAC InsurTech (Insurance Technology) Forecast
10.1.4 Europe InsurTech (Insurance Technology) Forecast
10.1.5 Middle East & Africa InsurTech (Insurance Technology) Forecast
10.2 Americas InsurTech (Insurance Technology) Forecast by Country (2025-2030)
10.2.1 United States InsurTech (Insurance Technology) Market Forecast
10.2.2 Canada InsurTech (Insurance Technology) Market Forecast
10.2.3 Mexico InsurTech (Insurance Technology) Market Forecast
10.2.4 Brazil InsurTech (Insurance Technology) Market Forecast
10.3 APAC InsurTech (Insurance Technology) Forecast by Region (2025-2030)
10.3.1 China InsurTech (Insurance Technology) Market Forecast
10.3.2 Japan InsurTech (Insurance Technology) Market Forecast
10.3.3 Korea InsurTech (Insurance Technology) Market Forecast
10.3.4 Southeast Asia InsurTech (Insurance Technology) Market Forecast
10.3.5 India InsurTech (Insurance Technology) Market Forecast
10.3.6 Australia InsurTech (Insurance Technology) Market Forecast
10.4 Europe InsurTech (Insurance Technology) Forecast by Country (2025-2030)
10.4.1 Germany InsurTech (Insurance Technology) Market Forecast
10.4.2 France InsurTech (Insurance Technology) Market Forecast
10.4.3 UK InsurTech (Insurance Technology) Market Forecast
10.4.4 Italy InsurTech (Insurance Technology) Market Forecast
10.4.5 Russia InsurTech (Insurance Technology) Market Forecast
10.5 Middle East & Africa InsurTech (Insurance Technology) Forecast by Region (2025-2030)
10.5.1 Egypt InsurTech (Insurance Technology) Market Forecast
10.5.2 South Africa InsurTech (Insurance Technology) Market Forecast
10.5.3 Israel InsurTech (Insurance Technology) Market Forecast
10.5.4 Turkey InsurTech (Insurance Technology) Market Forecast
10.5.5 GCC Countries InsurTech (Insurance Technology) Market Forecast
10.6 Global InsurTech (Insurance Technology) Forecast by Type (2025-2030)
10.7 Global InsurTech (Insurance Technology) Forecast by Application (2025-2030)

11 Key Players Analysis
11.1 Zipari
11.1.1 Zipari Company Information
11.1.2 Zipari InsurTech (Insurance Technology) Product Offered
11.1.3 Zipari InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.1.4 Zipari Main Business Overview
11.1.5 Zipari Latest Developments
11.2 Corvus Insurance
11.2.1 Corvus Insurance Company Information
11.2.2 Corvus Insurance InsurTech (Insurance Technology) Product Offered
11.2.3 Corvus Insurance InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.2.4 Corvus Insurance Main Business Overview
11.2.5 Corvus Insurance Latest Developments
11.3 Wipro Limited
11.3.1 Wipro Limited Company Information
11.3.2 Wipro Limited InsurTech (Insurance Technology) Product Offered
11.3.3 Wipro Limited InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.3.4 Wipro Limited Main Business Overview
11.3.5 Wipro Limited Latest Developments
11.4 DXC Technology Company
11.4.1 DXC Technology Company Company Information
11.4.2 DXC Technology Company InsurTech (Insurance Technology) Product Offered
11.4.3 DXC Technology Company InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.4.4 DXC Technology Company Main Business Overview
11.4.5 DXC Technology Company Latest Developments
11.5 Majesco
11.5.1 Majesco Company Information
11.5.2 Majesco InsurTech (Insurance Technology) Product Offered
11.5.3 Majesco InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.5.4 Majesco Main Business Overview
11.5.5 Majesco Latest Developments
11.6 OutSystems
11.6.1 OutSystems Company Information
11.6.2 OutSystems InsurTech (Insurance Technology) Product Offered
11.6.3 OutSystems InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.6.4 OutSystems Main Business Overview
11.6.5 OutSystems Latest Developments
11.7 Damco Solutions
11.7.1 Damco Solutions Company Information
11.7.2 Damco Solutions InsurTech (Insurance Technology) Product Offered
11.7.3 Damco Solutions InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.7.4 Damco Solutions Main Business Overview
11.7.5 Damco Solutions Latest Developments
11.8 Octo
11.8.1 Octo Company Information
11.8.2 Octo InsurTech (Insurance Technology) Product Offered
11.8.3 Octo InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.8.4 Octo Main Business Overview
11.8.5 Octo Latest Developments
11.9 ControlExpert
11.9.1 ControlExpert Company Information
11.9.2 ControlExpert InsurTech (Insurance Technology) Product Offered
11.9.3 ControlExpert InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.9.4 ControlExpert Main Business Overview
11.9.5 ControlExpert Latest Developments
11.10 Sureify
11.10.1 Sureify Company Information
11.10.2 Sureify InsurTech (Insurance Technology) Product Offered
11.10.3 Sureify InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.10.4 Sureify Main Business Overview
11.10.5 Sureify Latest Developments
11.11 iSoftStone
11.11.1 iSoftStone Company Information
11.11.2 iSoftStone InsurTech (Insurance Technology) Product Offered
11.11.3 iSoftStone InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.11.4 iSoftStone Main Business Overview
11.11.5 iSoftStone Latest Developments
11.12 eBaoTech
11.12.1 eBaoTech Company Information
11.12.2 eBaoTech InsurTech (Insurance Technology) Product Offered
11.12.3 eBaoTech InsurTech (Insurance Technology) Revenue, Gross Margin and Market Share (2019-2024)
11.12.4 eBaoTech Main Business Overview
11.12.5 eBaoTech Latest Developments
12 Research Findings and Conclusion

License Types:

Single User License (PDF)

This license allows for use of a publication by one person.
This person may print out a single copy of the publication.
This person can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher.
This person cannot share the publication (or any information contained therein) with any other person or persons.
Unless a Enterprise License is purchased, a Single User License must be purchased for every person that wishes to use the publication within the same organization.
Customers who infringe these license terms are liable for a Global license fee.

听

Site License (PDF)*

This license allows for use of a publication by all users within one corporate location, e.g. a regional office.
These users may print out a single copy of the publication.
These users can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher.
These users cannot share the publication (or any information contained therein) with any other person or persons outside the corporate location for which the publication is purchased.
Unless a Enterprise License is purchased, a Site User License must be purchased for every corporate location by an organization that wishes to use the publication within the same organization.
Customers who infringe these license terms are liable for a Global license fee.

听

Global License (PDF)*

This license allows for use of a publication by unlimited users within the purchasing organization e.g. all employees of a single company.
Each of these people may use the publication on any computer, and may print out the report, but may not share the publication (or any information contained therein) with any other person or persons outside of the organization.
These employees of purchasing organization can include information given in the publication in presentations and internal reports by providing full copyright credit to the publisher.

*If Applicable.

91制片厂