Europe Insurance Technology Market 2023-2027

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $2,500	152 Pages	TechNavio	March, 2023	INF17808278

Best Price Guarantee
Price	from $2,500
Length	152 Pages
Publisher	TechNavio
Published Date	March, 2023
SKU	INF17808278

Insurance Technology Market in Europe 2023-2027

Technavio has been monitoring the insurance technology market in Europe and is forecast to grow by $ 14523.99 mn during 2022-2027, accelerating at a CAGR of 34.58% during the forecast period. Our report on the insurance technology market in Europe provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for insurance across European countries due to rising natural hazards, dominance of government regulations on mandatory insurance coverage in Europe, and increasing adoption of cloud-based solutions in regional insurance industry.

Technavio's insurance technology market in Europe is segmented as below:

By Type

Solution
Service

By Technology

Cloud computing
IoT
Big data and business analytics
Blockchain
Others

By Geography

The UK
France
Germany
Italy
Rest of Europe

This study identifies the increasing collaborations between investors and insurance technology vendors in Europe as one of the prime reasons driving the insurance technology market growth in Europe during the next few years. Also, the integration of wearables into customer engagement metrics for insurance and the integration of big data and ai in insurance technology will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the insurance technology market in Europe covers the following areas:

Insurance technology market sizing
Insurance technology market forecast
Insurance technology market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading insurance technology market vendors that include Akur8, Alan SA, Anorak Technologies Ltd., Charles Taylor Ltd., Descartes Underwriting SAS, Digital Fineprint Ltd., F2X Group Ltd., FRISS, Getsafe Digital GmbH, INZMO Europe GmbH, Majesco, Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group, Qidenus Group GmbH, Qover SA, Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, wefox Insurance AG, Xempus AG, and Duck Creek Technologies Inc. Also, the insurance technology market in Europe analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Executive Summary
- Market overview
  - Table Executive Summary – Chart on Market Overview
  - Table Executive Summary – Data Table on Market Overview
  - Table Executive Summary – Chart on Country Market Characteristics
  - Table Executive Summary – Chart on Market by Geography
  - Table Executive Summary – Chart on Market Segmentation by Type
  - Table Executive Summary – Chart on Market Segmentation by Technology
  - Table Executive Summary – Chart on Incremental Growth
  - Table Executive Summary – Data Table on Incremental Growth
  - Table Executive Summary – Chart on Vendor Market Positioning
Market Landscape
- Market ecosystem
  - Table Parent market
  - Table Market Characteristics
Market Sizing
- Market definition
  - Table Offerings of vendors included in the market definition
- Market segment analysis
  - Table Market segments
- Market size 2022
- Market outlook: Forecast for 2022-2027
  - Table Chart on Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Regional - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Europe: Year-over-year growth 2022-2027 (%)
  - Table Data Table on Regional - Market size and forecast 2022-2027 ($ million)
Historic Market Size
- Insurance technology market in Europe 2017 - 2021
  - Table Historic Market Size – Data Table on Insurance technology market in Europe 2017 – 2021 ($ million)
- Type Segment Analysis 2017 - 2021
  - Table Historic Market Size – Type Segment 2017 - 2021 ($ million)
- Technology Segment Analysis 2017 - 2021
  - Table Historic Market Size – Technology Segment 2017 - 2021 ($ million)
- Geography Segment Analysis 2017 - 2021
  - Table Historic Market Size – Geography Segment 2017 - 2021 ($ million)
Five Forces Analysis
- Five forces summary
  - Table Five forces analysis - Comparison between 2022 and 2027
- Bargaining power of buyers
  - Table Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- Bargaining power of suppliers
  - Table Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- Threat of new entrants
  - Table Threat of new entrants – Impact of key factors in 2022 and 2027
- Threat of substitutes
  - Table Threat of substitutes – Impact of key factors in 2022 and 2027
- Threat of rivalry
  - Table Threat of rivalry – Impact of key factors in 2022 and 2027
- Market condition
  - Table Chart on Market condition - Five forces 2022 and 2027
Market Segmentation by Type
- Market segments
  - Table Chart on Type - Market share 2022-2027 (%)
  - Table Data Table on Type - Market share 2022-2027 (%)
- Comparison by Type
  - Table Chart on Comparison by Type
  - Table Data Table on Comparison by Type
- Solution - Market size and forecast 2022-2027
  - Table Chart on Solution - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Solution - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Solution - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Solution - Year-over-year growth 2022-2027 (%)
- Service - Market size and forecast 2022-2027
  - Table Chart on Service - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Service - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Service - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Service - Year-over-year growth 2022-2027 (%)
- Market opportunity by Type
  - Table Market opportunity by Type ($ million)
  - Table Data Table on Market opportunity by Type ($ million)
Market Segmentation by Technology
- Market segments
  - Table Chart on Technology - Market share 2022-2027 (%)
  - Table Data Table on Technology - Market share 2022-2027 (%)
- Comparison by Technology
  - Table Chart on Comparison by Technology
  - Table Data Table on Comparison by Technology
- Cloud computing - Market size and forecast 2022-2027
  - Table Chart on Cloud computing - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Cloud computing - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Cloud computing - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Cloud computing - Year-over-year growth 2022-2027 (%)
- IoT - Market size and forecast 2022-2027
  - Table Chart on IoT - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on IoT - Market size and forecast 2022-2027 ($ million)
  - Table Chart on IoT - Year-over-year growth 2022-2027 (%)
  - Table Data Table on IoT - Year-over-year growth 2022-2027 (%)
- Big data and business analytics - Market size and forecast 2022-2027
  - Table Chart on Big data and business analytics - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Big data and business analytics - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Big data and business analytics - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Big data and business analytics - Year-over-year growth 2022-2027 (%)
- Blockchain - Market size and forecast 2022-2027
  - Table Chart on Blockchain - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Blockchain - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Blockchain - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Blockchain - Year-over-year growth 2022-2027 (%)
- Others - Market size and forecast 2022-2027
  - Table Chart on Others - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Others - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Others - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Others - Year-over-year growth 2022-2027 (%)
- Market opportunity by Technology
  - Table Market opportunity by Technology ($ million)
  - Table Data Table on Market opportunity by Technology ($ million)
Customer Landscape
- Customer landscape overview
  - Table Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
Geographic Landscape
- Geographic segmentation
  - Table Chart on Market share by geography - 2022-2027 (%)
  - Table Data Table on Market share by geography - 2022-2027 (%)
- Geographic comparison
  - Table Chart on Geographic comparison
  - Table Data Table on Geographic comparison
- UK - Market size and forecast 2022-2027
  - Table Chart on UK - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on UK - Market size and forecast 2022-2027 ($ million)
  - Table Chart on UK - Year-over-year growth 2022-2027 (%)
  - Table Data Table on UK - Year-over-year growth 2022-2027 (%)
- France - Market size and forecast 2022-2027
  - Table Chart on France - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on France - Market size and forecast 2022-2027 ($ million)
  - Table Chart on France - Year-over-year growth 2022-2027 (%)
  - Table Data Table on France - Year-over-year growth 2022-2027 (%)
- Germany - Market size and forecast 2022-2027
  - Table Chart on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Germany - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Germany - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Germany - Year-over-year growth 2022-2027 (%)
- Italy - Market size and forecast 2022-2027
  - Table Chart on Italy - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Italy - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Italy - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Italy - Year-over-year growth 2022-2027 (%)
- Rest of Europe - Market size and forecast 2022-2027
  - Table Chart on Rest of Europe - Market size and forecast 2022-2027 ($ million)
  - Table Data Table on Rest of Europe - Market size and forecast 2022-2027 ($ million)
  - Table Chart on Rest of Europe - Year-over-year growth 2022-2027 (%)
  - Table Data Table on Rest of Europe - Year-over-year growth 2022-2027 (%)
- Market opportunity by geography
  - Table Market opportunity by geography ($ million)
  - Table Data Table on Market opportunity by geography ($ million)
Drivers, Challenges, and Trends
- Market drivers
  - Increasing need for insurance across European countries due to rising natural hazards
  - Dominance of government regulations on mandatory insurance coverage in Europe
  - Increasing adoption of cloud-based solutions in regional insurance industry
- Market challenges
  - High cost of investment
  - Data privacy and security concerns
  - Changing skill requirements
- Impact of drivers and challenges
  - Table Impact of drivers and challenges in 2022 and 2027
- Market trends
  - Increasing collaborations between investors and insurance technology vendors in Europe
  - Integration of wearables into customer engagement metrics for insurance
  - Integration of Big Data and AI in insurance technology
Vendor Landscape
- Overview
- Vendor landscape
  - Table Overview on Criticality of inputs and Factors of differentiation
- Landscape disruption
  - Table Overview on factors of disruption
- Industry risks
  - Table Impact of key risks on business
Vendor Analysis
- Vendors covered
  - Table Vendors covered
- Market positioning of vendors
  - Table Matrix on vendor position and classification
- Akur8
  - Table Akur8 - Overview
  - Table Akur8 - Product / Service
  - Table Akur8 - Key offerings
- Anorak Technologies Ltd.
  - Table Anorak Technologies Ltd. - Overview
  - Table Anorak Technologies Ltd. - Product / Service
  - Table Anorak Technologies Ltd. - Key offerings
- Charles Taylor Ltd.
  - Table Charles Taylor Ltd. - Overview
  - Table Charles Taylor Ltd. - Product / Service
  - Table Charles Taylor Ltd. - Key news
  - Table Charles Taylor Ltd. - Key offerings
- Descartes Underwriting SAS
  - Table Descartes Underwriting SAS - Overview
  - Table Descartes Underwriting SAS - Product / Service
  - Table Descartes Underwriting SAS - Key offerings
- Duck Creek Technologies Inc.
  - Table Duck Creek Technologies Inc. - Overview
  - Table Duck Creek Technologies Inc. - Product / Service
  - Table Duck Creek Technologies Inc. - Key news
  - Table Duck Creek Technologies Inc. - Key offerings
- F2X Group Ltd.
  - Table F2X Group Ltd. - Overview
  - Table F2X Group Ltd. - Product / Service
  - Table F2X Group Ltd. - Key offerings
- FRISS
  - Table FRISS - Overview
  - Table FRISS - Product / Service
  - Table FRISS - Key offerings
- Getsafe Digital GmbH
  - Table Getsafe Digital GmbH - Overview
  - Table Getsafe Digital GmbH - Product / Service
  - Table Getsafe Digital GmbH - Key offerings
- INZMO Europe GmbH
  - Table INZMO Europe GmbH - Overview
  - Table INZMO Europe GmbH - Product / Service
  - Table INZMO Europe GmbH - Key offerings
- Majesco
  - Table Majesco - Overview
  - Table Majesco - Product / Service
  - Table Majesco - Key news
  - Table Majesco - Key offerings
- Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group
  - Table Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Overview
  - Table Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Business segments
  - Table Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Key offerings
  - Table Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Segment focus
- Qover SA
  - Table Qover SA - Overview
  - Table Qover SA - Product / Service
  - Table Qover SA - Key offerings
- Quantemplate Technologies Inc.
  - Table Quantemplate Technologies Inc. - Overview
  - Table Quantemplate Technologies Inc. - Product / Service
  - Table Quantemplate Technologies Inc. - Key offerings
- Shift Technology
  - Table Shift Technology - Overview
  - Table Shift Technology - Product / Service
  - Table Shift Technology - Key offerings
- simplesurance GmbH
  - Table simplesurance GmbH - Overview
  - Table simplesurance GmbH - Product / Service
  - Table simplesurance GmbH - Key offerings
Appendix
- Scope of the report
  - Market definition
  - Objectives
  - Notes and caveats
- Inclusions and exclusions checklist
  - Table Inclusions checklist
  - Table Exclusions checklist
- Currency conversion rates for US$
  - Table Currency conversion rates for US$
- Research methodology
  - Table Research methodology
  - Table Validation techniques employed for market sizing
  - Table Information sources
- List of abbreviations
  - Table List of abbreviations