Insurtech Market Growth, Demand and Challenges of the Key Industry Players 2028

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Global Insurtech Market Research and Forecast
Report 2023-2028




Author Elena Anderson Marketing Manager IMARC
Group
2022 IMARC All Rights Reserved
Copyright IMARC Service Pvt Ltd. All Rights
Reserved
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About IMARC Group
Report Description
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Consulting Group is a leading adviser on
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Report Description and Highlights
Report Description
Global Insurtech Market Research Report
2023-2028 According to the latest report by
IMARC Group, titled "Insurtech Market Global
Industry Trends, Share, Size, Growth, Opportunity
and Forecast 2023-2028," the global insurtech
market size reached US 5.4 Billion in
2022. Insurtech involves the utilization of
advanced technology to process claims and
contracts, evaluate risks or underwrite policies.
It combines insurance services and technology in
order to make the insurance model more efficient.
It aids in powering the creation, administration
and distribution of the insurance business.
Additionally, it helps large insurance companies
in exploring new options outside of traditional
human efforts, such as small business insurance,
dynamically priced insurance policies and social
insurance options while creating a dynamic
pricing system based on customer behavior and
market conditions. With the rising need for
improving customer experience, there has been a
significant increase in the deployment of
insurtech among leading insurance
enterprises. Request for a PDF sample of this
report https//www.imarcgroup.com/insurtech-marke
t/requestsample

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Report Description and Highlights
Report Description
Global Insurtech Market Trends The global
market is primarily driven by continual
improvements in the insurance sector. Along with
this, continuous technological advancements, such
as the introduction of the internet of things
(IoT), blockchain, advanced analytics, artificial
intelligence (AI) and machine learning (ML), are
also providing a boost to the insurtech market.
In line with this, the penetration of high-speed
internet connectivity and the growing adoption of
smartphones on account of rapid digitization are
creating a positive market outlook. In line with
this, numerous leading players are heavily
investing in drone technology to conduct aerial
surveys for inspecting properties in dangerous
zones and documenting vehicular crash sites,
which is acting as a major growth-inducing
factor. With the sudden outbreak of coronavirus
disease (COVID-19) across the globe, the demand
for insurance policies that can be availed
through online platforms has rapidly increased.
The market is further driven by the emerging
banking, financial services and insurance (BFSI)
and information technology industries. Other
factors, including the rising awareness regarding
the benefits of insurance among individuals,
reduction in insurance premium rates, and
intensive business competition, are also
positively influencing the market. Looking
forward, IMARC Group expects the market is
anticipated to reach a value of US 41.0 Billion
by 2028, exhibiting at a CAGR of 40.3 during
2023-2028. View Report TOC, Figures and Tables
https//www.imarcgroup.com/insurtech-market

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Report Description and Highlights
Report Description

• Key Market Segmentation
• The research report includes the following
  segments
• Breakup by Type
• Auto
• Business
• Health
• Home
• Specialty
• Travel
• Others
•  
• Breakup by Service
• Consulting
• Support and Maintenance
• Managed Services
• Breakup by Technology
• Blockchain
• Cloud Computing

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Report Description and Highlights
Report Description

• IoT
• Machine Learning
• Robo Advisory
• Others
• Breakup by Region
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

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Report Description and Highlights
Report Description

•  
• Competitive Landscape with Key Players
• Clover Health Insurance
• Damco Group
• DXC Technology Company
• Insurance Technology Services
• Majesco
• Oscar Insurance
• Quantemplate
• Shift Technology
• Travelers Companies, Inc
• Wipro Limited
• Zhongan Insurance
•  

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Key Questions Answered in the Report
Report Description

• What was the size of the global insurtech market
  in 2022?
• What is the expected growth rate of the global
  insurtech market during 2023-2028?
• What are the key factors driving the global
  insurtech market?
• What has been the impact of COVID-19 on the
  global insurtech market?
• What is the breakup of the global insurtech
  market based on the technology?
• What are the key regions in the global insurtech
  market?
• Who are the key players/companies in the global
  insurtech market?
•  

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Table of Contents
Report Description
1    Preface2    Scope and Methodology    2.1
   Objectives of the Study    2.2  
 Stakeholders    2.3    Data Sources       
2.3.1    Primary Sources        2.3.2  
 Secondary Sources    2.4    Market Estimation 
      2.4.1    Bottom-Up Approach        2.4.2  
 Top-Down Approach    2.5    Forecasting
Methodology3    Executive Summary4  
 Introduction    4.1    Overview    4.2    Key
Industry Trends5    Global Insurtech Market   
5.1    Market Overview    5.2    Market
Performance    5.3    Impact of COVID-19    5.4
   Market Forecast

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Table of Contents
Report Description
6    Market Breakup by Type    6.1    Auto   
    6.1.1 Market Trends        6.1.2 Market
Forecast    6.2    Business        6.2.1 Market
Trends        6.2.2 Market Forecast    6.3  
 Health        6.3.1 Market Trends        6.3.2
Market Forecast    6.4    Home        6.4.1
Market Trends        6.4.2 Market Forecast   
6.5     Specialty        6.5.1 Market Trends   
    6.5.2 Market Forecast          Click here
to visit the complete table of content with list
of figures and tables https//www.imarcgroup.com/
insurtech-market/toc

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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Partial List of Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
A partial List of our Clients
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Report Description and Highlights
Report Description

2022 IMARC All Rights Reserved This
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