Global Insurtech Market 2025-2029

Insurtech Market 2025-2029

The insurtech market is forecasted to grow by USD 114393.8 million during 2024-2029, accelerating at a CAGR of 43.6% during the forecast period. The report on the insurtech market 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 to improve business efficiency, high influence of digitization, and increased need for greater customer satisfaction.

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 size data, segment with regional analysis and vendor landscape in addition to an analysis of the key companies. Reports have historic and forecast data.

Technavio's insurtech market is segmented as below:

By Application

• Marketing and distribution
• IT support
• Claim management
• Policy administration and management
• Others

By Deployment

• On-premises
• Cloud

By Geographical Landscape

• North America
• Europe
• APAC
• Middle East and Africa
• South America

This study identifies the investors collaborating with insurtech firms as one of the prime reasons driving the insurtech market growth during the next few years. Also, integration of wearables into customer engagement metrics for insurance and integration of big data and AI in insurtech will lead to sizable demand in the market.

The report on the insurtech market covers the following areas:

• Insurtech Market sizing
• Insurtech Market forecast
• Insurtech Market industry analysis

The 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 insurtech market vendors that include Acko Technology and Services Pvt. Ltd., Allianz SE, Charles Taylor Ltd., Cuvva Ltd., Cytora Ltd., DeadHappy Ltd., F2X Group Ltd., Kin Insurance Technology Hub LLC, Laka Ltd., Massachusetts Mutual Life Insurance Co., Milvik AB, Nimbla Ltd., simplesurance GmbH, Slice Insurance Technologies Inc., Uinsure Ltd., Urban Jungle Services Ltd., Wrisk Ltd., and ExtraCover Ltd.. Also, the insurtech market 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 publisher 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 primary and secondary research. The 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.