Global InsurTech (Insurance Technology) Market Growth (Status and Outlook) 2023-2029

Global InsurTech (Insurance Technology) Market Growth (Status and Outlook) 2023-2029

The global InsurTech (Insurance Technology) market size is projected to grow from US$ 1193.9 million in 2022 to US$ 4155.5 million in 2029; it is expected to grow at a CAGR of 19.5% from 2023 to 2029.

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.

LPI (LP Information)' newest research report, the “InsurTech (Insurance Technology) Industry Forecast” looks at past sales and reviews total world InsurTech (Insurance Technology) sales in 2022, providing a comprehensive analysis by region and market sector of projected InsurTech (Insurance Technology) sales for 2023 through 2029. With InsurTech (Insurance Technology) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world InsurTech (Insurance Technology) industry.

This Insight Report provides a comprehensive analysis of the global InsurTech (Insurance Technology) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on InsurTech (Insurance Technology) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global InsurTech (Insurance Technology) market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for InsurTech (Insurance Technology) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global InsurTech (Insurance Technology).

This report presents a comprehensive overview, market shares, and growth opportunities of InsurTech (Insurance Technology) market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Cloud Computing
IoT
AI
Others

Segmentation by application
Property and Casualty
Health
Life

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech

Please note: The report will take approximately 2 business days to prepare and deliver.