InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Forecast 2027

1. InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Forecast 2027 InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Trends Market Research All rights Reserved. 2021 © ©

2. InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Forecast 2027 InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Forecast 2027 InsurTech (Insurance Technology) Market Insights, Share, Trends, Future Scope Analysis, Forecast 2027 This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, the major vendors operating in the global Insurtech market. This report also provides a detailed analys types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life in (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). le East & Africa, and Latin America). This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, Claim Di, and CommonEasy as This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, the major vendors operating in the global Insurtech market. This report also provides a detailed analysis of the market by components (Software and Services), types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life in types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life insurance, and Others), and region is of the market by components (Software and Services), Trends market research report predicts that the global InsurTech market by 2023, growing at a CAGR of 16.0% during the forecast period 2018 customers along with retaining the clients delighting with services. It is of utmost importance to embrace digital technologies for insurers and en presence in the marketplace to gain market share with increased customer base and custom offerings. presence in the marketplace to gain market share with increased customer base and custom offerings. global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018–2023. The insurance sector is all set to adopt new technologies and attract new etaining the clients delighting with services. It is of utmost importance to embrace digital technologies for insurers and en etaining the clients delighting with services. It is of utmost importance to embrace digital technologies for insurers and enhance their revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million 2023. The insurance sector is all set to adopt new technologies and attract new More insightful information | Request a sample copy @ ormation | Request a sample copy @ https://www.trendsmarketresearch.com/report/sample/9829 https://www.trendsmarketresearch.com/report/sample/9829 According to the Trends market industry analysis, North America is witnessing the highest adoption of InsurTech owing to the spend on insurances by customers in the region. The offering of flexible and customized insurance for health, property, and others is encouraging pe ic holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast 2023. The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and fina 2023. The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and financial hubs in Hong According to the Trends market industry analysis, North America is witnessing the highest ado customers in the region. The offering of flexible and customized insurance for health, property, and others is encouraging pe insurance plans that suit them the best. Asia Pacific holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018–2023. The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and fina Kong, Singapore, and India. Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the Kong, Singapore, and India. Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the Kong, Singapore, and India. Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the diversely populated region. ption of InsurTech owing to the spend on insurances by customers in the region. The offering of flexible and customized insurance for health, property, and others is encouraging people to choose among the ic holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast Trends Market Research All rights Reserved. 2021 © ©

3. Competitive Analysis and Key Vendors The banks and financial institutions are witnessing transfor and processes. Insurers face stiff competition, and the insurance market is considered mature in most of the countries. The d opened new revenue model and value chain through digital brokers. The FinTech industry, over the last couple of years, has re of InsurTech software. The InsurTech vendors offer software that simplifies the decision insurers to understand the current need and demand in the market. insurers to understand the current need and demand in the market. The banks and financial institutions are witnessing transformation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes. Insurers face stiff competition, and the insurance market is considered mature in most of the countries. The d opened new revenue model and value chain through digital brokers. The FinTech industry, over the last couple of years, has re of InsurTech software. The InsurTech vendors offer software that simplifies the decision-making process for the customers, and the analytics software helps mation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes. Insurers face stiff competition, and the insurance market is considered mature in most of the countries. The digital and analytical tools have opened new revenue model and value chain through digital brokers. The FinTech industry, over the last couple of years, has realized the need and opportunity process for the customers, and the analytics software helps Some of the key vendors in the InsurTech market are: Some of the key vendors in the InsurTech market are: Friendsurance Oscar ZhongAn Allay Analyze Re GetInsured Bayzat Bought By Many Claim Di Trends Market Research All rights Reserved. 2021 © ©

4. CommonEasy Checkout Inquiries to Purchase or Customize the Market @ Checkout Inquiries to Purchase or Customize the Market @ https://www.trendsmarketresearch.com/checkout/9829/Single https://www.trendsmarketresearch.com/checkout/9829/Single Segmentation of components Software Services In 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR dur n 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR dur n 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR during the forecast period. InsurTech market by Types Retail Insurance Commercial Insurance In 2017, the retail insurance occupied the largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period. largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period. largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period. InsurTech market by Application Health Insurance Property and casualty insurance Life insurance Trends Market Research All rights Reserved. 2021 © ©

5. Others In 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the high period. There is an increased focus on restructuring the healthcare systems and bridging the gap betwe insurance claims experience. In 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the highest CAGR during the forecast In 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the high period. There is an increased focus on restructuring the healthcare systems and bridging the gap between people and healthcare services through better en people and healthcare services through better Benefits The report contains an in-depth analysis of vendors profile, which includes overview, offerings, and competitive landscape. The emergence of technologi such as AI and ML, is impacting the market growth and organizations are adopting InsurTech solutions for the online marketplace and easy cla among others. depth analysis of vendors profile, which includes overview, offerings, and competitive landscape. The emergence of technologi ML, is impacting the market growth and organizations are adopting InsurTech solutions for the online marketplace and easy cla ML, is impacting the market growth and organizations are adopting InsurTech solutions for the online marketplace and easy claims processing depth analysis of vendors profile, which includes overview, offerings, and competitive landscape. The emergence of technologies, The study offers a comprehensive analysis of the “InsurTech” market. Bringing out the complete key in opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies helps the venture capitalists in understanding the companies better and take informed decisions in the global Insurtech market standing the companies better and take informed decisions in the global Insurtech market standing the companies better and take informed decisions in the global Insurtech market The study offers a comprehensive analysis of the “InsurTech” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it sights of the industry, the report aims to provide an Talk to our Analyst / Ask for a discount on Market and Get More Information Related to This Talk to our Analyst / Ask for a discount on Market and Get More Information Related to This Report@ https://www.trendsmarketresearch.com/report/discount/9829 https://www.trendsmarketresearch.com/report/discount/9829 Trends Market Research All rights Reserved. 2021 © ©

6. 1Research Methodology Research Methodology Trends Market Research All rights Reserved. 2021 © ©

7. 1.1Primary Research  is derived using a mix of bottom up and top down approach. To derive the global number for 2015 to 2019, the country wise revenue has been analyzed and summed up to Resources the regional market, which were further added up to The global Digital Advertising Market is derived using a mix of bottom up and top down approach. To derive the global number for 2015 to 2019, the country wise revenue has been analyzed and summed up to Resources global market. Thus, each region has been considered as the separate market and validated using data triangulation global market. Thus, each region has been considered as the separate market and validated using data triangulation global market. Thus, each region has been considered as the separate market and validated using data triangulation is derived using a mix of bottom up and top down approach. To derive the global number for 2015 to the regional market, which were further added up to  Historic estimation is an iterative process triangulated by multiple factors which include and not limited to adoption of Historic estimation is an iterative process triangulated by multiple factors which include and not limited to adoption of Titanium 3D Printing Historic estimation is an iterative process triangulated by multiple factors which include and not limited to adoption of Medical Devices, regulatory policies, prices of , regulatory policies, prices of Titanium 3D Printing Medical Devices, and economic development of each country , and economic development of each country  Growth rate of the market has been determined by analyzing the trend of the parent and ancillary markets. Moreover, other fac research initiatives, funding overview, and regulatory framework in various countries have also been taken into consideration research initiatives, funding overview, and regulatory framework in various countries have also been taken into consideration to derive the Growth rate of the market has been determined by analyzing the trend of the parent and ancillary markets. Moreover, other fac research initiatives, funding overview, and regulatory framework in various countries have also been taken into consideration market growth rate Growth rate of the market has been determined by analyzing the trend of the parent and ancillary markets. Moreover, other factors such as  Pricing data was collected via actual quotes from manufacturers and company press rele pricing of various countries, regional prices have been considered for market estimation pricing of various countries, regional prices have been considered for market estimation Pricing data was collected via actual quotes from manufacturers and company press releases on regional level. To avoid discrepancies in the ases on regional level. To avoid discrepancies in the For forecasting, the following parameters were considered: For forecasting, the following parameters were considered:  The base year considered for Digital Advertising 2020 to 2026 Digital Advertising Market is 2019. Market size from 2015-2019 are the actual revenues with forecasts from 2019 are the actual revenues with forecasts from  As a part of company policy, we do not investigate publicly available reports, as these reports are not always coherent, some As a part of company policy, we do not investigate publicly available reports, as these reports are not always coherent, sometimes even As a part of company policy, we do not investigate publicly available reports, as these reports are not always coherent, some contradicting in their declarations of value. Also, we don’t have access to their reports clarations of value. Also, we don’t have access to their reports  Manufacturers do not generally specify clientele, as it constitutes critical strategic Manufacturers do not generally specify clientele, as it constitutes critical strategic information  Major players in the market were identified through primary as well as secondary research Major players in the market were identified through primary as well as secondary research  Market drivers and restraints along with their current and expected impact has been taken into consideration rket drivers and restraints along with their current and expected impact has been taken into consideration rket drivers and restraints along with their current and expected impact has been taken into consideration  Inflation has not been taken into consideration while estimating the market Inflation has not been taken into consideration while estimating the market Trends Market Research All rights Reserved. 2021 © ©

8.  Financial data has been only provided for publicly listed companies. The company websites and other reliable paid data sources company websites and other reliable paid data sources Financial data has been only provided for publicly listed companies. The information for privately held companies is sourced from the for privately held companies is sourced from the 1.2Secondary data sources List of secondary sources includes but is not limited to: List of secondary sources includes but is not limited to:  Hoover’s  Factiva  Investor Presentations  Company Annual Reports  Many Others Trends Market Research All rights Reserved. 2021 © ©