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Insurtech Market by Offering (Service, Solution), Technology (Artificial Intelligence, Big Data & Business Analytics, Blockchain), Deployment Model, Application, End User - Global Forecast 2024-2030

Publisher 360iResearch
Published Jan 15, 2024
Length 193 Pages
SKU # IRE18445083

Description

Insurtech Market by Offering (Service, Solution), Technology (Artificial Intelligence, Big Data & Business Analytics, Blockchain), Deployment Model, Application, End User - Global Forecast 2024-2030


The Insurtech Market size was estimated at USD 849.87 million in 2023 and expected to reach USD 1,208.24 million in 2024, at a CAGR 42.65% to reach USD 10,217.22 million by 2030.

Global Insurtech Market

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Insurtech Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Insurtech Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Insurtech Market, highlighting leading vendors and their innovative profiles. These include AdvantageGo by Coforge Limited, AgentSync, Inc., Akur8, SAS, Applied Systems, Inc., Atidot Software Ltd., Damco Group, DXC Technology Company, Innoveo Inc., Insurance Technology Services, Intellimin Limited, Majesco, Prove Identity, Inc., Quantemplate Technologies, Inc., Shift Technology, and Wipro Limited.

Market Segmentation & Coverage

This research report categorizes the Insurtech Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
Service
Consulting

Managed Services

Support & Maintenance

Solution

Technology
Artificial Intelligence

Big Data & Business Analytics

Blockchain

Cloud Computing

IoT

Deployment Model
Cloud

On-Premise

Application
Claims Management

Policy Admin Collection & Disbursement

Product Development & Underwriting

Sales & Marketing

End User
Automotive

BFSI

Government

Healthcare

Manufacturing

Retail

Transportation

Region
Americas
Argentina

Brazil

Canada

Mexico

United States
California

Florida

Illinois

New York

Ohio

Pennsylvania

Texas

Asia-Pacific
Australia

China

India

Indonesia

Japan

Malaysia

Philippines

Singapore

South Korea

Taiwan

Thailand

Vietnam

Europe, Middle East & Africa
Denmark

Egypt

Finland

France

Germany

Israel

Italy

Netherlands

Nigeria

Norway

Poland

Qatar

Russia

Saudi Arabia

South Africa

Spain

Sweden

Switzerland

Turkey

United Arab Emirates

United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Insurtech Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Insurtech Market?
3. What are the technology trends and regulatory frameworks in the Insurtech Market?
4. What is the market share of the leading vendors in the Insurtech Market?
5. Which modes and strategic moves are suitable for entering the Insurtech Market?

Note: PDF & Excel + Online Access - 1 Year

Table of Contents

193 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Insurtech Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Significant growth in numbers of insurance claims
5.1.1.2. Growing digitalization of business models
5.1.1.3. Increasing consumer preference for quick and assured insurance services
5.1.2. Restraints
5.1.2.1. Governmental regulations and strict frameworks for insurance technology
5.1.3. Opportunities
5.1.3.1. Introduction of blockchain, machine learning and analytics in insurtech solutions
5.1.3.2. Favorable government policies and initiatives in insurance sector
5.1.4. Challenges
5.1.4.1. Concerns associated with privacy and financial uncertainty
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter’s Five Forces Analysis
5.5.1. Threat of New Entrants
5.5.2. Threat of Substitutes
5.5.3. Bargaining Power of Customers
5.5.4. Bargaining Power of Suppliers
5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework
6. Insurtech Market, by Offering
6.1. Introduction
6.2. Service
6.3.1. Consulting
6.3.2. Managed Services
6.3.3. Support & Maintenance
6.3. Solution
7. Insurtech Market, by Technology
7.1. Introduction
7.2. Artificial Intelligence
7.3. Big Data & Business Analytics
7.4. Blockchain
7.5. Cloud Computing
7.6. IoT
8. Insurtech Market, by Deployment Model
8.1. Introduction
8.2. Cloud
8.3. On-Premise
9. Insurtech Market, by Application
9.1. Introduction
9.2. Claims Management
9.3. Policy Admin Collection & Disbursement
9.4. Product Development & Underwriting
9.5. Sales & Marketing
10. Insurtech Market, by End User
10.1. Introduction
10.2. Automotive
10.3. BFSI
10.4. Government
10.5. Healthcare
10.6. Manufacturing
10.7. Retail
10.8. Transportation
11. Americas Insurtech Market
11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States
12. Asia-Pacific Insurtech Market
12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.
10. South Korea
12.
11. Taiwan
12.
12. Thailand
12.
13. Vietnam
13. Europe, Middle East & Africa Insurtech Market
13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.
10. Nigeria
13.
11. Norway
13.
12. Poland
13.
13. Qatar
13.
14. Russia
13.
15. Saudi Arabia
13.
16. South Africa
13.
17. Spain
13.
18. Sweden
13.
19. Switzerland
13.
20. Turkey
13.
21. United Arab Emirates
13.
22. United Kingdom
14. Competitive Landscape
14.1. FPNV Positioning Matrix
14.2. Market Share Analysis, By Key Player
14.3. Competitive Scenario Analysis, By Key Player
15. Competitive Portfolio
15.1. Key Company Profiles
15.1.1. AdvantageGo by Coforge Limited
15.1.2. AgentSync, Inc.
15.1.3. Akur8, SAS
15.1.4. Applied Systems, Inc.
15.1.5. Atidot Software Ltd.
15.1.6. Damco Group
15.1.7. DXC Technology Company
15.1.8. Innoveo Inc.
15.1.9. Insurance Technology Services
15.1.
10. Intellimin Limited
15.1.
11. Majesco
15.1.
12. Prove Identity, Inc.
15.1.
13. Quantemplate Technologies, Inc.
15.1.
14. Shift Technology
15.1.
15. Wipro Limited
15.2. Key Product Portfolio
16. Appendix
16.1. Discussion Guide
16.2. License & Pricing
FIGURE 1. INSURTECH MARKET RESEARCH PROCESS
FIGURE 2. INSURTECH MARKET SIZE, 2023 VS 2030
FIGURE 3. INSURTECH MARKET SIZE, 2018-2030 (USD MILLION)
FIGURE 4. INSURTECH MARKET SIZE, BY REGION, 2023 VS 2030 (%)
FIGURE 5. INSURTECH MARKET SIZE, BY REGION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 6. INSURTECH MARKET DYNAMICS
FIGURE 7. INSURTECH MARKET SIZE, BY OFFERING, 2023 VS 2030 (%)
FIGURE 8. INSURTECH MARKET SIZE, BY OFFERING, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 9. INSURTECH MARKET SIZE, BY TECHNOLOGY, 2023 VS 2030 (%)
FIGURE 10. INSURTECH MARKET SIZE, BY TECHNOLOGY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 11. INSURTECH MARKET SIZE, BY DEPLOYMENT MODEL, 2023 VS 2030 (%)
FIGURE 12. INSURTECH MARKET SIZE, BY DEPLOYMENT MODEL, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 13. INSURTECH MARKET SIZE, BY APPLICATION, 2023 VS 2030 (%)
FIGURE 14. INSURTECH MARKET SIZE, BY APPLICATION, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 15. INSURTECH MARKET SIZE, BY END USER, 2023 VS 2030 (%)
FIGURE 16. INSURTECH MARKET SIZE, BY END USER, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 17. AMERICAS INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 18. AMERICAS INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 19. UNITED STATES INSURTECH MARKET SIZE, BY STATE, 2023 VS 2030 (%)
FIGURE 20. UNITED STATES INSURTECH MARKET SIZE, BY STATE, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 21. ASIA-PACIFIC INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 22. ASIA-PACIFIC INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 23. EUROPE, MIDDLE EAST & AFRICA INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2030 (%)
FIGURE 24. EUROPE, MIDDLE EAST & AFRICA INSURTECH MARKET SIZE, BY COUNTRY, 2023 VS 2024 VS 2030 (USD MILLION)
FIGURE 25. INSURTECH MARKET, FPNV POSITIONING MATRIX, 2023
FIGURE 26. INSURTECH MARKET SHARE, BY KEY PLAYER, 2023

Pricing

Currency Rates
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