Insurtech Market Analysis, Industry Share, Opportunities, Growth Factors, Business Revenue and Forecast 2028

The global Insurtech market is expected to grow significantly during the forecast period, thanks to factors such as simplifying the claims process, improving communication with the customer and the capabilities to implement automation. The health insurance market is expected to have the highest growth rate in the coming years as Insurtech’s adoption is significantly higher compared to that of other insurance industries, such as property and casualties, automotive and others. Under the property and casualty insurance industry, companies like Lemonade and Jong Ann hold the major share of the Insortech market.The distinguishing factors in the industry are their unique innovations and solutions to improve the insurance value chain that attract money from veteran players and investors around the world.

 

Market Segmentation

By Offering

 

• Solution
• Service

 

By Deployment Model

 

• On-premise
• Cloud

 

By Technology

 

• Artificial Intelligence
• Cloud Computing
• Blockchain
• Big Data & Business Analytics
• IoT
• Others

 

By End User

 

• Life & Health Insurance
• Property and Casualty (P&C) Insurance
• Auto Insurance
• Buildings Insurance
• Marine Insurance
• Liability Insurance
• Others

 

By Application

 

• Product Development & Underwriting
• Sales & Marketing
• Policy Admin Collection & Disbursement
• Claims Management

 

Key market players

 

• Damco Group
• DXC Technology Company
• Majesco
• Oscar Insurance
• OutSystems
• Quantemplate
• Shift Technology
• Trov Insurance Solutions, LLC
• Wipro Limited
• Zhongan Insurance

 

Recent Developments

 

• Market Overview and growth analysis
• Import and Export Overview
• Volume Analysis
• Current Market Trends and Future Outlook
• Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

 

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

 

Key Questions Answered by Insurtech Market Report

 

• What was the Insurtech Market size in 2022 and 2028; what are the estimated growth trends and market forecast (2022-2028).
• What will be the CAGR of the Insurtech Market during the forecast period (2022-2028)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2022-2028).
• Which manufacturer/vendor/players in the Insurtech Market was the market leader in 2021?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.