Global InsurTech (Insurance Technology) Market Growth (Status and Outlook) 2025-2031

Publication ID:

LPI04254340

Publication Date:

April 29, 2025

Pages:

119

Publisher:

LPI

Countries:

Global [1]

USD 3,660.00

Internet [2]

Computing & Electronics [3]

Description:

The global InsurTech (Insurance Technology) market size is predicted to grow from US$ 19640 million in 2025 to US$ 57200 million in 2031; it is expected to grow at a CAGR of 19.5% from 2025 to 2031.
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 鈥淚nsurTech (Insurance Technology) Industry Forecast鈥� looks at past sales and reviews total world InsurTech (Insurance Technology) sales in 2024, providing a comprehensive analysis by region and market sector of projected InsurTech (Insurance Technology) sales for 2025 through 2031. With InsurTech (Insurance Technology) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world InsurTech (Insurance Technology) industry.
This Insight Report provides a comprehensive analysis of the global InsurTech (Insurance Technology) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on InsurTech (Insurance Technology) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global InsurTech (Insurance Technology) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for InsurTech (Insurance Technology) and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global InsurTech (Insurance Technology).
This report presents a comprehensive overview, market shares, and growth opportunities of InsurTech (Insurance Technology) market by product type, application, key players and key regions and countries.
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 (2020-2031)
2.1.2 InsurTech (Insurance Technology) Market Size CAGR by Region (2020 VS 2024 VS 2031)
2.1.3 World Current & Future Analysis for InsurTech (Insurance Technology) by Country/Region (2020, 2024 & 2031)
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 (2020 VS 2024 VS 2031)
2.3.2 Global InsurTech (Insurance Technology) Market Size Market Share by Type (2020-2025)
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 (2020 VS 2024 VS 2031)
2.5.2 Global InsurTech (Insurance Technology) Market Size Market Share by Application (2020-2025)
3 InsurTech (Insurance Technology) Market Size by Player
3.1 InsurTech (Insurance Technology) Market Size Market Share by Player
3.1.1 Global InsurTech (Insurance Technology) Revenue by Player (2020-2025)
3.1.2 Global InsurTech (Insurance Technology) Revenue Market Share by Player (2020-2025)
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) & (2023-2025)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion
4 InsurTech (Insurance Technology) by Region
4.1 InsurTech (Insurance Technology) Market Size by Region (2020-2025)
4.2 Global InsurTech (Insurance Technology) Annual Revenue by Country/Region (2020-2025)
4.3 Americas InsurTech (Insurance Technology) Market Size Growth (2020-2025)
4.4 APAC InsurTech (Insurance Technology) Market Size Growth (2020-2025)
4.5 Europe InsurTech (Insurance Technology) Market Size Growth (2020-2025)
4.6 Middle East & Africa InsurTech (Insurance Technology) Market Size Growth (2020-2025)
5 Americas
5.1 Americas InsurTech (Insurance Technology) Market Size by Country (2020-2025)
5.2 Americas InsurTech (Insurance Technology) Market Size by Type (2020-2025)
5.3 Americas InsurTech (Insurance Technology) Market Size by Application (2020-2025)
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 (2020-2025)
6.2 APAC InsurTech (Insurance Technology) Market Size by Type (2020-2025)
6.3 APAC InsurTech (Insurance Technology) Market Size by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
7 Europe
7.1 Europe InsurTech (Insurance Technology) Market Size by Country (2020-2025)
7.2 Europe InsurTech (Insurance Technology) Market Size by Type (2020-2025)
7.3 Europe InsurTech (Insurance Technology) Market Size by Application (2020-2025)
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 (2020-2025)
8.2 Middle East & Africa InsurTech (Insurance Technology) Market Size by Type (2020-2025)
8.3 Middle East & Africa InsurTech (Insurance Technology) Market Size by Application (2020-2025)
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 Region (2026-2031)
10.1.1 Global InsurTech (Insurance Technology) Forecast by Region (2026-2031)
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 (2026-2031)
10.2.1 United States Market InsurTech (Insurance Technology) Forecast
10.2.2 Canada Market InsurTech (Insurance Technology) Forecast
10.2.3 Mexico Market InsurTech (Insurance Technology) Forecast
10.2.4 Brazil Market InsurTech (Insurance Technology) Forecast
10.3 APAC InsurTech (Insurance Technology) Forecast by Region (2026-2031)
10.3.1 China InsurTech (Insurance Technology) Market Forecast
10.3.2 Japan Market InsurTech (Insurance Technology) Forecast
10.3.3 Korea Market InsurTech (Insurance Technology) Forecast
10.3.4 Southeast Asia Market InsurTech (Insurance Technology) Forecast
10.3.5 India Market InsurTech (Insurance Technology) Forecast
10.3.6 Australia Market InsurTech (Insurance Technology) Forecast
10.4 Europe InsurTech (Insurance Technology) Forecast by Country (2026-2031)
10.4.1 Germany Market InsurTech (Insurance Technology) Forecast
10.4.2 France Market InsurTech (Insurance Technology) Forecast
10.4.3 UK Market InsurTech (Insurance Technology) Forecast
10.4.4 Italy Market InsurTech (Insurance Technology) Forecast
10.4.5 Russia Market InsurTech (Insurance Technology) Forecast
10.5 Middle East & Africa InsurTech (Insurance Technology) Forecast by Region (2026-2031)
10.5.1 Egypt Market InsurTech (Insurance Technology) Forecast
10.5.2 South Africa Market InsurTech (Insurance Technology) Forecast
10.5.3 Israel Market InsurTech (Insurance Technology) Forecast
10.5.4 Turkey Market InsurTech (Insurance Technology) Forecast
10.6 Global InsurTech (Insurance Technology) Forecast by Type (2026-2031)
10.7 Global InsurTech (Insurance Technology) Forecast by Application (2026-2031)
10.7.1 GCC Countries Market InsurTech (Insurance Technology) Forecast
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
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 (2020-2025)
11.12.4 eBaoTech Main Business Overview
11.12.5 eBaoTech Latest Developments
12 Research Findings and Conclusion

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