

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.
The global market for InsurTech (Insurance Technology) was estimated to be worth US$ 1220.5 million in 2023 and is forecast to a readjusted size of US$ 41290 million by 2030 with a CAGR of 18.8% during the forecast period 2024-2030
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%.
Report Scope
This report aims to provide a comprehensive presentation of the global market for InsurTech (Insurance Technology), focusing on the total sales revenue, key companies market share and ranking, together with an analysis of InsurTech (Insurance Technology) by region & country, by Type, and by Application.
The InsurTech (Insurance Technology) market size, estimations, and forecasts are provided in terms of sales revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding InsurTech (Insurance Technology).
Market Segmentation
By Company
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
Segment by Type:
Cloud Computing
IoT
AI
Others
Segment by Application
Property and Casualty
Health
Life
By Region
North America
United States
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
China Taiwan
Southeast Asia
India
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size. This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of InsurTech (Insurance Technology) manufacturers competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Revenue of InsurTech (Insurance Technology) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Revenue of InsurTech (Insurance Technology) in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product revenue, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
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1 Market Overview
1.1 InsurTech (Insurance Technology) Product Introduction
1.2 Global InsurTech (Insurance Technology) Market Size Forecast
1.3 InsurTech (Insurance Technology) Market Trends & Drivers
1.3.1 InsurTech (Insurance Technology) Industry Trends
1.3.2 InsurTech (Insurance Technology) Market Drivers & Opportunity
1.3.3 InsurTech (Insurance Technology) Market Challenges
1.3.4 InsurTech (Insurance Technology) Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered
2 Competitive Analysis by Company
2.1 Global InsurTech (Insurance Technology) Players Revenue Ranking (2023)
2.2 Global InsurTech (Insurance Technology) Revenue by Company (2019-2024)
2.3 Key Companies InsurTech (Insurance Technology) Manufacturing Base Distribution and Headquarters
2.4 Key Companies InsurTech (Insurance Technology) Product Offered
2.5 Key Companies Time to Begin Mass Production of InsurTech (Insurance Technology)
2.6 InsurTech (Insurance Technology) Market Competitive Analysis
2.6.1 InsurTech (Insurance Technology) Market Concentration Rate (2019-2024)
2.6.2 Global 5 and 10 Largest Companies by InsurTech (Insurance Technology) Revenue in 2023
2.6.3 Global Top Companies by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in InsurTech (Insurance Technology) as of 2023)
2.7 Mergers & Acquisitions, Expansion
3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Cloud Computing
3.1.2 IoT
3.1.3 AI
3.1.4 Others
3.2 Global InsurTech (Insurance Technology) Sales Value by Type
3.2.1 Global InsurTech (Insurance Technology) Sales Value by Type (2019 VS 2023 VS 2030)
3.2.2 Global InsurTech (Insurance Technology) Sales Value, by Type (2019-2030)
3.2.3 Global InsurTech (Insurance Technology) Sales Value, by Type (%) (2019-2030)
4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Property and Casualty
4.1.2 Health
4.1.3 Life
4.2 Global InsurTech (Insurance Technology) Sales Value by Application
4.2.1 Global InsurTech (Insurance Technology) Sales Value by Application (2019 VS 2023 VS 2030)
4.2.2 Global InsurTech (Insurance Technology) Sales Value, by Application (2019-2030)
4.2.3 Global InsurTech (Insurance Technology) Sales Value, by Application (%) (2019-2030)
5 Segmentation by Region
5.1 Global InsurTech (Insurance Technology) Sales Value by Region
5.1.1 Global InsurTech (Insurance Technology) Sales Value by Region: 2019 VS 2023 VS 2030
5.1.2 Global InsurTech (Insurance Technology) Sales Value by Region (2019-2024)
5.1.3 Global InsurTech (Insurance Technology) Sales Value by Region (2025-2030)
5.1.4 Global InsurTech (Insurance Technology) Sales Value by Region (%), (2019-2030)
5.2 North America
5.2.1 North America InsurTech (Insurance Technology) Sales Value, 2019-2030
5.2.2 North America InsurTech (Insurance Technology) Sales Value by Country (%), 2023 VS 2030
5.3 Europe
5.3.1 Europe InsurTech (Insurance Technology) Sales Value, 2019-2030
5.3.2 Europe InsurTech (Insurance Technology) Sales Value by Country (%), 2023 VS 2030
5.4 Asia Pacific
5.4.1 Asia Pacific InsurTech (Insurance Technology) Sales Value, 2019-2030
5.4.2 Asia Pacific InsurTech (Insurance Technology) Sales Value by Country (%), 2023 VS 2030
5.5 South America
5.5.1 South America InsurTech (Insurance Technology) Sales Value, 2019-2030
5.5.2 South America InsurTech (Insurance Technology) Sales Value by Country (%), 2023 VS 2030
5.6 Middle East & Africa
5.6.1 Middle East & Africa InsurTech (Insurance Technology) Sales Value, 2019-2030
5.6.2 Middle East & Africa InsurTech (Insurance Technology) Sales Value by Country (%), 2023 VS 2030
6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions InsurTech (Insurance Technology) Sales Value Growth Trends, 2019 VS 2023 VS 2030
6.2 Key Countries/Regions InsurTech (Insurance Technology) Sales Value
6.3 United States
6.3.1 United States InsurTech (Insurance Technology) Sales Value, 2019-2030
6.3.2 United States InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.3.3 United States InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.4 Europe
6.4.1 Europe InsurTech (Insurance Technology) Sales Value, 2019-2030
6.4.2 Europe InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.4.3 Europe InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.5 China
6.5.1 China InsurTech (Insurance Technology) Sales Value, 2019-2030
6.5.2 China InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.5.3 China InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.6 Japan
6.6.1 Japan InsurTech (Insurance Technology) Sales Value, 2019-2030
6.6.2 Japan InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.6.3 Japan InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.7 South Korea
6.7.1 South Korea InsurTech (Insurance Technology) Sales Value, 2019-2030
6.7.2 South Korea InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.7.3 South Korea InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.8 Southeast Asia
6.8.1 Southeast Asia InsurTech (Insurance Technology) Sales Value, 2019-2030
6.8.2 Southeast Asia InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.8.3 Southeast Asia InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
6.9 India
6.9.1 India InsurTech (Insurance Technology) Sales Value, 2019-2030
6.9.2 India InsurTech (Insurance Technology) Sales Value by Type (%), 2023 VS 2030
6.9.3 India InsurTech (Insurance Technology) Sales Value by Application, 2023 VS 2030
7 Company Profiles
7.1 Zipari
7.1.1 Zipari Profile
7.1.2 Zipari Main Business
7.1.3 Zipari InsurTech (Insurance Technology) Products, Services and Solutions
7.1.4 Zipari InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.1.5 Zipari Recent Developments
7.2 Corvus Insurance
7.2.1 Corvus Insurance Profile
7.2.2 Corvus Insurance Main Business
7.2.3 Corvus Insurance InsurTech (Insurance Technology) Products, Services and Solutions
7.2.4 Corvus Insurance InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.2.5 Corvus Insurance Recent Developments
7.3 Wipro Limited
7.3.1 Wipro Limited Profile
7.3.2 Wipro Limited Main Business
7.3.3 Wipro Limited InsurTech (Insurance Technology) Products, Services and Solutions
7.3.4 Wipro Limited InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.3.5 DXC Technology Company Recent Developments
7.4 DXC Technology Company
7.4.1 DXC Technology Company Profile
7.4.2 DXC Technology Company Main Business
7.4.3 DXC Technology Company InsurTech (Insurance Technology) Products, Services and Solutions
7.4.4 DXC Technology Company InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.4.5 DXC Technology Company Recent Developments
7.5 Majesco
7.5.1 Majesco Profile
7.5.2 Majesco Main Business
7.5.3 Majesco InsurTech (Insurance Technology) Products, Services and Solutions
7.5.4 Majesco InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.5.5 Majesco Recent Developments
7.6 OutSystems
7.6.1 OutSystems Profile
7.6.2 OutSystems Main Business
7.6.3 OutSystems InsurTech (Insurance Technology) Products, Services and Solutions
7.6.4 OutSystems InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.6.5 OutSystems Recent Developments
7.7 Damco Solutions
7.7.1 Damco Solutions Profile
7.7.2 Damco Solutions Main Business
7.7.3 Damco Solutions InsurTech (Insurance Technology) Products, Services and Solutions
7.7.4 Damco Solutions InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.7.5 Damco Solutions Recent Developments
7.8 Octo
7.8.1 Octo Profile
7.8.2 Octo Main Business
7.8.3 Octo InsurTech (Insurance Technology) Products, Services and Solutions
7.8.4 Octo InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.8.5 Octo Recent Developments
7.9 ControlExpert
7.9.1 ControlExpert Profile
7.9.2 ControlExpert Main Business
7.9.3 ControlExpert InsurTech (Insurance Technology) Products, Services and Solutions
7.9.4 ControlExpert InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.9.5 ControlExpert Recent Developments
7.10 Sureify
7.10.1 Sureify Profile
7.10.2 Sureify Main Business
7.10.3 Sureify InsurTech (Insurance Technology) Products, Services and Solutions
7.10.4 Sureify InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.10.5 Sureify Recent Developments
7.11 iSoftStone
7.11.1 iSoftStone Profile
7.11.2 iSoftStone Main Business
7.11.3 iSoftStone InsurTech (Insurance Technology) Products, Services and Solutions
7.11.4 iSoftStone InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.11.5 iSoftStone Recent Developments
7.12 eBaoTech
7.12.1 eBaoTech Profile
7.12.2 eBaoTech Main Business
7.12.3 eBaoTech InsurTech (Insurance Technology) Products, Services and Solutions
7.12.4 eBaoTech InsurTech (Insurance Technology) Revenue (US$ Million) & (2019-2024)
7.12.5 eBaoTech Recent Developments
8 Industry Chain Analysis
8.1 InsurTech (Insurance Technology) Industrial Chain
8.2 InsurTech (Insurance Technology) Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 InsurTech (Insurance Technology) Sales Model
8.5.2 Sales Channel
8.5.3 InsurTech (Insurance Technology) Distributors
9 Research Findings and Conclusion
10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.2 Data Source
10.2 Author Details
10.3 Disclaimer
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
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*If Applicable.