Global InsurTech (Insurance Technology) Market 2023 by Company, Regions, Type and Application, Forecast to 2029

Global InsurTech (Insurance Technology) Market 2023 by Company, Regions, Type and Application, Forecast to 2029

According to our (Global Info Research) latest study, the global InsurTech (Insurance Technology) market size was valued at USD 1255.8 million in 2022 and is forecast to a readjusted size of USD 3998.4 million by 2029 with a CAGR of 18.0% during review period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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%.

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.

This report is a detailed and comprehensive analysis for global InsurTech (Insurance Technology) market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2023, are provided.

Key Features:

Global InsurTech (Insurance Technology) market size and forecasts, in consumption value ($ Million), 2018-2029

Global InsurTech (Insurance Technology) market size and forecasts by region and country, in consumption value ($ Million), 2018-2029

Global InsurTech (Insurance Technology) market size and forecasts, by Type and by Application, in consumption value ($ Million), 2018-2029

Global InsurTech (Insurance Technology) market shares of main players, in revenue ($ Million), 2018-2023

The Primary Objectives in This Report Are:

To determine the size of the total market opportunity of global and key countries

To assess the growth potential for InsurTech (Insurance Technology)

To forecast future growth in each product and end-use market

To assess competitive factors affecting the marketplace

This report profiles key players in the global InsurTech (Insurance Technology) market based on the following parameters - company overview, production, value, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zipari, Corvus Insurance, Wipro Limited, DXC Technology Company and Majesco, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, COVID-19 and Russia-Ukraine War Influence.

Market segmentation

InsurTech (Insurance Technology) market is split by Type and by Application. For the period 2018-2029, the growth among segments provide accurate calculations and forecasts for consumption value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.

Market segment by Type
Cloud Computing
IoT
AI
Others

Market segment by Application
Property and Casualty
Health
Life

Market segment by players, this report covers
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech

Market segment by regions, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Australia and Rest of Asia-Pacific)
South America (Brazil, Argentina and Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)

The content of the study subjects, includes a total of 13 chapters:

Chapter 1, to describe InsurTech (Insurance Technology) product scope, market overview, market estimation caveats and base year.

Chapter 2, to profile the top players of InsurTech (Insurance Technology), with revenue, gross margin and global market share of InsurTech (Insurance Technology) from 2018 to 2023.

Chapter 3, the InsurTech (Insurance Technology) competitive situation, revenue and global market share of top players are analyzed emphatically by landscape contrast.

Chapter 4 and 5, to segment the market size by Type and application, with consumption value and growth rate by Type, application, from 2018 to 2029.

Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2018 to 2023.and InsurTech (Insurance Technology) market forecast, by regions, type and application, with consumption value, from 2024 to 2029.

Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis, and Influence of COVID-19 and Russia-Ukraine War

Chapter 12, the key raw materials and key suppliers, and industry chain of InsurTech (Insurance Technology).

Chapter 13, to describe InsurTech (Insurance Technology) research findings and conclusion.