Global InsurTech Market, Forecast to 2022

Global InsurTech Market, Forecast to 2022

Unlike other areas in financial services, the insurance market has not been remarkably disrupted by innovative technologies and new business models until now. While the pace of innovation is rapid in financial services, insurance is still a complex and a highly regulated market.
However, it appears to be at a point of articulation, as stakeholders from the FinTech ecosystem have their vision set on InsurTech as the next greatest opportunity. This study aims to put in perspective the prevailing trends in InsurTech globally.

This study provides a detailed analysis of the challenges, technology trends within the insurance market, areas of interests for InsurTech start-ups, key technologies enabling innovation in insurance, geographic representation of global InsurTech companies, InsurTech ecosystem incumbent’s response to InsurTech, venture capital funding for InsurTech start-ups, and the profiles of key InsurTech start-ups (based on the background of interest and funding), along with a workflow discussion. The study also provides a thorough analysis on peer-to-peer (P2P) insurance and the impacts of blockchain on the same.

Key questions this study will answer include:
• What is Insurtech?
• How is the ecosystem/value chain?
• How do different stakeholders work together?
• What are the factors driving the market?
• What are the challenges restraining growth?
• Which are the top InsurTech companies?
• What are their offerings for insurance companies?
• How do new technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT), fit into these offerings?
• How do advanced technologies impact financial services?
• What is the impact on services, such as underwriting, claims, and agents?
• What is P2P insurance? What impact would blockchain and AI have on it?
• What are the segments in insurance that InsurTech start-ups are aiming at?
Selection criteria
Business models
• What are the incumbents doing to adopt and prepare for Insurtech?
Selection criteria
Business models
• What are the prevailing market trends?

This research study provides critical insights into the growth opportunities for traditional insurance companies and InsurTech start-ups globally. The growth opportunities focus on the scope that can leave a positive impact on the organization’s expansion by creating a positive reputation in the market. The study also focuses on the initiatives that are being taken by traditional insurance companies to digitally transform their business practices across all the levels in the organization. The study provides critical insights into the strategies for creating symbiotic partnerships among insurance companies and InsurTech start-ups globally.

  • Executive Summary
    • Key Findings
  • Research Scope and Definitions
    • Research Scope
    • Definitions
  • Insurance Market Overview
    • Global Insurance Market—Types of Insurance Companies and their Departments
    • Insurance Market Snapshot—Key Challenges
  • Introduction to InsurTech
    • InsurTech—Enabler of Transformation in Insurance
    • Advanced Technologies Transforming Insurance
    • Cloud Computing in Insurance
    • Cloud Computing Use Cases
    • IoT in Insurance
    • IoT Use Cases
    • Big Data and Advanced Analytics in Insurance
    • Big Data and Advanced Analytics Use Cases
    • AI and ML in Insurance
    • AI and ML Use Cases
    • Blockchain in Insurance
    • Blockchain Use Cases
    • Technology Deployment Timeline
    • InsurTech—Technology Eliminating ‘One Size Fits All’ Approach
  • InsurTech Ecosystem
    • InsurTech Market Landscape
    • Health Insurance Case Study—Clover
    • Employee Benefits Case Study—Gravie
    • Auto Insurance Case Study—Zubie
    • Backend Solutions Case Study—ClearRisk
    • Commercial Insurance Case Study—Digital Risks
    • Marketplace Case Study—Bidu
    • Product Insurance Case Study—Square Trade
    • Consumer Platforms Case Study—Spex
  • InsurTech Trends
    • InsurTech—Technology Investments as Strategic Decisions
    • TI Matrix—InsurTech Global
    • InsurTech Global VC Funding
      • Table InsurTech: VC Funding, Global, 2011–2016
    • Key Mergers and Acquisitions
    • Noteworthy InsurTech Companies Global
    • Regional Trends
    • InsurTech—Evolution of Distribution Channels
    • Global InsurTech Market Revenue Forecast
      • Table InsurTech: Revenue Forecast, Global, 2016–2021
  • P2P Insurance
    • P2P Insurance—Business Model and Workflows
    • Blockchain in P2P Insurance
    • AI in P2P Insurance
  • Drivers and Restraints
    • Market Drivers
    • Drivers Explained
    • Market Restraints
    • Restraints Explained
  • Key Global InsurTech Companies
    • Company Profile—Metromile
    • Company Profile—Friendsurance
    • Company Profile—Knip
    • Company Profile—Oscar
    • Company Profile—QuanTemplate
    • Company Profile—Trov
    • Company Profile—League
    • Company Profile—ZhongAn
    • Company Profile—BIMA
    • Company Profile—Policy Bazaar
  • Growth Opportunities and Companies to Action
    • Growth Opportunity—Connected Health Platforms
    • Growth Opportunity—Big Data and Analytics
    • Growth Opportunity—Blockchain
    • Growth Opportunity—Telematics
    • Strategic Imperatives for Success and Growth
  • The Last Word
    • The Last Word—3 Big Predictions

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