Insurtech Market in UK 2022-2026

Insurtech Market in UK 2022-2026

Technavio has been monitoring the insurtech market in UK and it is poised to grow by $ 4.20 bn during 2022-2026, progressing at a CAGR of 43.74% during the forecast period. Our report on the insurtech market in UK 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, latest trends and drivers, and the overall market environment. The market is driven by the need to improve business efficiency and the dominance of government regulations on mandatory insurance coverages in the UK. In addition, the need to improve business efficiency is anticipated to boost the growth of the market as well.

The insurtech market in UK analysis includes deployment and value chain positioning segments.

Technavio's insurtech market in UK is segmented as below:

By Deployment

• On-premises
• Cloud
• Value Chain Positioning
• Marketing and distribution
• IT support
• Policy administration and management
• Claim management
• Others

This study identifies the increased need for greater customer satisfactionas one of the prime reasons driving the insurtech market growth in UK during the next few years.

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 insurtech market in UK covers the following areas:

• Insurtech market sizing
• Insurtech market forecast
• Insurtech 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 insurtech market vendors in UK that include Charles Taylor Ltd., Cuvva Ltd., DeadHappy Ltd., Digital Fineprint Ltd., ExtraCover Ltd., F2X Group Ltd., Quantemplate Technologies Inc., Sprout.ai Ltd., Uinsure Ltd., and Wrisk Ltd. Also, the insurtech market in UK 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 the accurate market growth.

Companies Mentioned

Charles Taylor Ltd., Cuvva Ltd., DeadHappy Ltd., Digital Fineprint Ltd., ExtraCover Ltd., F2X Group Ltd., Quantemplate Technologies Inc., Sprout.ai Ltd., Uinsure Ltd., Wrisk Ltd.