Insurtech Market: Global Market Size, Forecast, Insights, Segmentation, and Competitive Landscape with Impact of COVID-19 & Russia-Ukraine War
The global insurtech market is expected to grow at a CAGR of around 27.6% during 2025-2034. This report on global insurtech market report provides holistic understanding of the market along with market sizing, forecast, drivers, challenges, and competitive landscape. The report presents a clear picture of the global insurtech market by segmenting the market based on product, technology, distribution channel, end user and region. Also, detailed profiles of companies operating in the insurtech market are provided in this report. We believe that this report will aid the professionals and industry stakeholders in making informed decision.
Market Drivers
• Growing Digitalization of Business Models
• Growing Protentional in Emerging Economies
Market Challenges
• Security Concerns
Historical & Forecast Period
Base Year: 2024
Historical Period: 2020-2024
Forecast Period: 2025-2034
Market by Product
• Life Insurance
• Property & Casualty Insurance
Market by Technology
• Blockchain
• IoT
• AI & Machine Learning
• Other Technologies
Market by End-Use
• Automotive
• BFSI
• Government
• Healthcare
• Manufacturing
• Retail
• Transportation
• Other End Uses
Market by Distribution Channel
• Full Stack Insurers
• Agents
• Brokers
Market by Region
• Europe
Germany
United Kingdom
France
Italy
Spain
Russia
Netherlands
Rest of Europe
• North America
United States
Canada
• Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Rest of Asia Pacific
• Latin America
Mexico
Brazil
Argentina
Rest of Latin America
• Middle East & Africa
Saudi Arabia
Turkey
Iran
United Arab Emirates
Rest of Middle East & Africa
- 1. Preface
- 1.1 Objective
- 1.2 Target Audience & Key Offerings
- 1.3 Report’s Scope
- 1.4 Research Methodology
- 1.4.1 Phase I
- 1.4.2 Phase II
- 1.4.3 Phase III
- 1.5 Assumptions
- 2. Key Insights
- 3. Global Insurtech Market
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Challenges
- 4. Global Insurtech Market Analysis
- 4.1. Market Portraiture
- 4.2. Market Product
- 4.3. Market Forecast
- 4.4. Impact of COVID-19
- 4.5. Impact of Russia-Ukraine War
- 5. Global Insurtech Market by Product
- 5.1. Introduction
- 5.2. Life Insurance
- 5.3. Property & Casualty Insurance
- 6. Global Insurtech Market by Technology
- 6.1. Introduction
- 6.2. Blockchain
- 6.3. IoT
- 6.4. AI & Machine Learning
- 6.5. Other Technologies
- 7. Global Insurtech Market by End-Use
- 7.1. Introduction
- 7.2. Automotive
- 7.3. BFSI
- 7.4. Government
- 7.5. Healthcare
- 7.6. Manufacturing
- 7.7. Retail
- 7.8. Transportation
- 7.9. Other End Uses
- 8. Global Insurtech Market by Distribution Channel
- 8.1. Introduction
- 8.2. Full Stack Insurers
- 8.3. Agents
- 8.4. Brokers
- 9. Global Insurtech Market by Region
- 9.1. Introduction
- 9.2. Europe
- 9.2.1. Germany
- 9.2.2. United Kingdom
- 9.2.3. France
- 9.2.4. Italy
- 9.2.5. Spain
- 9.2.6. Russia
- 9.2.7. Netherlands
- 9.2.8. Rest of the Europe
- 9.3. North America
- 9.3.1. United States
- 9.3.2. Canada
- 9.4. Asia Pacific
- 9.4.1. China
- 9.4.2. Japan
- 9.4.3. India
- 9.4.4. South Korea
- 9.4.5. Australia
- 9.4.6. Indonesia
- 9.4.7. Rest of the Asia Pacific
- 9.5. Latin America
- 9.5.1. Mexico
- 9.5.2. Brazil
- 9.5.3. Argentina
- 9.5.4. Rest of Latin America
- 9.6. Middle East & Africa
- 9.6.1. Saudi Arabia
- 9.6.2. Turkey
- 9.6.3. Iran
- 9.6.4. United Arab Emirates
- 9.6.5. Rest of Middle East & Africa
- 10. SWOT Analysis
- 11. Porter’s Five Forces
- 12. Market Value Chain Analysis
- 13. Competitive Landscape
- 13.1. Competitive Scenario
- 13.2. Company Profiles
- 13.2.1. Damco Group
- 13.2.2. DXC Technology Company
- 13.2.3. Insurance Technology Services
- 13.2.4. Majesco
- 13.2.5. Oscar Insurance
- 13.2.6. Quantemplate
- 13.2.7. Shift Technology
- 13.2.8. TrÅv, Inc.
- 13.2.9. Wipro Limited
- 13.2.10. ZhongAn Insurance
- List of Figures
- Figure 1: Global Insurtech Market (in US$ Million), 2020-2024
- Figure 2: Global Insurtech Market by Product, 2024
- Figure 3: Global Insurtech Market by Technology, 2024
- Figure 4: Global Insurtech Market by End-Use, 2024
- Figure 5: Global Insurtech Market by Distribution Channel, 2024
- Figure 6: Global Insurtech Market by Region, 2024
- Figure 7: Global Insurtech Market (in US$ Million), 2025-2034
- Figure 8: Global Insurtech Market by Product (in %), 2024 & 2034
- Figure 9: Global Life Insurance Insurtech Market (in US$ Million), 2020-2024
- Figure 10: Global Life Insurance Insurtech Market (in US$ Million), 2025-2034
- Figure 11: Global Property & Casualty Insurance Insurtech Market (in US$ Million), 2020-2024
- Figure 12: Global Property & Casualty Insurance Insurtech Market (in US$ Million), 2025-2034
- Figure 13: Global Insurtech Market by Technology (in %), 2024 & 2034
- Figure 14: Global Blockchain Insurtech Market (in US$ Million), 2020-2024
- Figure 15: Global Blockchain Insurtech Market (in US$ Million), 2025-2034
- Figure 16: Global IoT Insurtech Market (in US$ Million), 2020-2024
- Figure 17: Global IoT Insurtech Market (in US$ Million), 2025-2034
- Figure 18: Global AI & Machine Learning Insurtech Market (in US$ Million), 2020-2024
- Figure 19: Global AI & Machine Learning Insurtech Market (in US$ Million), 2025-2034
- Figure 20: Global Other Technologies Insurtech Market (in US$ Million), 2020-2024
- Figure 21: Global Other Technologies Insurtech Market (in US$ Million), 2025-2034
- Figure 22: Global Insurtech Market by End-Use (in %), 2024 & 2034
- Figure 23: Global Automotive Insurtech Market (in US$ Million), 2020-2024
- Figure 24: Global Automotive Insurtech Market (in US$ Million), 2025-2034
- Figure 25: Global BFSI Insurtech Market (in US$ Million), 2020-2024
- Figure 26: Global BFSI Insurtech Market (in US$ Million), 2025-2034
- Figure 27: Global Government Insurtech Market (in US$ Million), 2020-2024
- Figure 28: Global Government Insurtech Market (in US$ Million), 2025-2034
- Figure 29: Global Healthcare Insurtech Market (in US$ Million), 2020-2024
- Figure 30: Global Healthcare Insurtech Market (in US$ Million), 2025-2034
- Figure 31: Global Manufacturing Insurtech Market (in US$ Million), 2020-2024
- Figure 32: Global Manufacturing Insurtech Market (in US$ Million), 2025-2034
- Figure 33: Global Retail Insurtech Market (in US$ Million), 2020-2024
- Figure 34: Global Retail Insurtech Market (in US$ Million), 2025-2034
- Figure 35: Global Transportation Insurtech Market (in US$ Million), 2020-2024
- Figure 36: Global Transportation Insurtech Market (in US$ Million), 2025-2034
- Figure 37: Global Other End Uses Insurtech Market (in US$ Million), 2020-2024
- Figure 38: Global Other End Uses Insurtech Market (in US$ Million), 2025-2034
- Figure 39: Global Insurtech Market by Distribution Channel (in %), 2024 & 2034
- Figure 40: Global Full Stack Insurers Insurtech Market (in US$ Million), 2020-2024
- Figure 41: Global Full Stack Insurers Insurtech Market (in US$ Million), 2025-2034
- Figure 42: Global Agents Insurtech Market (in US$ Million), 2020-2024
- Figure 43: Global Agents Insurtech Market (in US$ Million), 2025-2034
- Figure 44: Global Brokers Insurtech Market (in US$ Million), 2020-2024
- Figure 45: Global Brokers Insurtech Market (in US$ Million), 2025-2034
- Figure 46: Global Insurtech Market by Region (in %), 2024 & 2034
- Figure 47: Europe Insurtech Market (in US$ Million), 2020-2024
- Figure 48: Europe Insurtech Market (in US$ Million), 2025-2034
- Figure 49: Europe Insurtech Market by Country (in %), 2024 & 2034
- Figure 50: Germany Insurtech Market (in US$ Million), 2020-2034
- Figure 51: United Kingdom Insurtech Market (in US$ Million), 2020-2034
- Figure 52: France Insurtech Market (in US$ Million), 2020-2034
- Figure 53: Italy Insurtech Market (in US$ Million), 2020-2034
- Figure 54: Spain Insurtech Market (in US$ Million), 2020-2034
- Figure 55: Russia Insurtech Market (in US$ Million), 2020-2034
- Figure 56: Netherlands Insurtech Market (in US$ Million), 2020-2034
- Figure 57: North America Insurtech Market (in US$ Million), 2020-2024
- Figure 58: North America Insurtech Market (in US$ Million), 2025-2034
- Figure 59: North America Insurtech Market by Country (in %), 2024 & 2034
- Figure 60: United States Insurtech Market (in US$ Million), 2020-2034
- Figure 61: Canada Insurtech Market (in US$ Million), 2020-2034
- Figure 62: Asia Pacific Insurtech Market (in US$ Million), 2020-2024
- Figure 63: Asia Pacific Insurtech Market (in US$ Million), 2025-2034
- Figure 64: Asia Pacific Insurtech Market by Country (in %), 2024 & 2034
- Figure 65: China Insurtech Market (in US$ Million), 2020-2034
- Figure 66: Japan Insurtech Market (in US$ Million), 2020-2034
- Figure 67: India Insurtech Market (in US$ Million), 2020-2034
- Figure 68: South Korea Insurtech Market (in US$ Million), 2020-2034
- Figure 69: Australia Insurtech Market (in US$ Million), 2020-2034
- Figure 70: Indonesia Insurtech Market (in US$ Million), 2020-2034
- Figure 71: Latin America Insurtech Market (in US$ Million), 2020-2024
- Figure 72: Latin America Insurtech Market (in US$ Million), 2025-2034
- Figure 73: Latin America Insurtech Market by Country (in %), 2024 & 2034
- Figure 74: Mexico Insurtech Market (in US$ Million), 2020-2034
- Figure 75: Brazil Insurtech Market (in US$ Million), 2020-2034
- Figure 76: Argentina Insurtech Market (in US$ Million), 2020-2034
- Figure 77: Middle East & Africa Insurtech Market (in US$ Million), 2020-2024
- Figure 78: Middle East & Africa Insurtech Market (in US$ Million), 2025-2034
- Figure 79: Middle East & Africa Insurtech Market by Country (in %), 2024 & 2034
- Figure 80: Saudi Arabia Insurtech Market (in US$ Million), 2020-2034
- Figure 81: Turkey Insurtech Market (in US$ Million), 2020-2034
- Figure 82: Iran Insurtech Market (in US$ Million), 2020-2034
- Figure 83: UAE Insurtech Market (in US$ Million), 2020-2034
- Figure 84: Market Value Chain
- List of Tables
- Table 1: Global Insurtech Market Portraiture
- Table 2: Global Insurtech Market by Product (in US$ Million), 2024 & 2034
- Table 3: Global Insurtech Market by Technology (in US$ Million), 2024 & 2034
- Table 4: Global Insurtech Market by End-Use (in US$ Million), 2024 & 2034
- Table 5: Global Insurtech Market by Distribution Channel (in US$ Million), 2024 & 2034
- Table 6: Global Insurtech Market by Region (in US$ Million), 2024 & 2034
- Table 7: Europe Insurtech Market by Country (in US$ Million), 2024 & 2034
- Table 8: North America Insurtech Market by Country (in US$ Million), 2024 & 2034
- Table 9: Asia Pacific Insurtech Market by Country (in US$ Million), 2024 & 2034
- Table 10: Latin America Insurtech Market by Country (in US$ Million), 2024 & 2034
- Table 11: Middle East & Africa Insurtech Market by Country (in US$ Million),
- 2024 & 2034
- Table 12: List of Key Players
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