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Europe Insurance Technology Market 2023-2027

Publisher TechNavio
Published Mar 02, 2023
Length 152 Pages
SKU # INF17808278

Description

Insurance Technology Market in Europe 2023-2027

Technavio has been monitoring the insurance technology market in Europe and is forecast to grow by $ 14523.99 mn during 2022-2027, accelerating at a CAGR of 34.58% during the forecast period. Our report on the insurance technology market in Europe 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, the latest trends and drivers, and the overall market environment. The market is driven by increasing need for insurance across European countries due to rising natural hazards, dominance of government regulations on mandatory insurance coverage in Europe, and increasing adoption of cloud-based solutions in regional insurance industry.

Technavio's insurance technology market in Europe is segmented as below:

By Type
  • Solution
  • Service
By Technology
  • Cloud computing
  • IoT
  • Big data and business analytics
  • Blockchain
  • Others
By Geography
  • The UK
  • France
  • Germany
  • Italy
  • Rest of Europe
This study identifies the increasing collaborations between investors and insurance technology vendors in Europe as one of the prime reasons driving the insurance technology market growth in Europe during the next few years. Also, the integration of wearables into customer engagement metrics for insurance and the integration of big data and ai in insurance technology will lead to sizable demand in the market.

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 the insurance technology market in Europe covers the following areas:
  • Insurance technology market sizing
  • Insurance technology market forecast
  • Insurance technology 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 insurance technology market vendors that include Akur8, Alan SA, Anorak Technologies Ltd., Charles Taylor Ltd., Descartes Underwriting SAS, Digital Fineprint Ltd., F2X Group Ltd., FRISS, Getsafe Digital GmbH, INZMO Europe GmbH, Majesco, Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group, Qidenus Group GmbH, Qover SA, Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, wefox Insurance AG, Xempus AG, and Duck Creek Technologies Inc. Also, the insurance technology market in Europe 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 accurate market growth.

Table of Contents

152 Pages
    • Market overview
    • Market ecosystem
    • Market definition
    • Market segment analysis
    • Market size 2022
    • Market outlook: Forecast for 2022-2027
    • Insurance technology market in Europe 2017 - 2021
    • Type Segment Analysis 2017 - 2021
    • Technology Segment Analysis 2017 - 2021
    • Geography Segment Analysis 2017 - 2021
    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition
    • Market segments
    • Comparison by Type
    • Solution - Market size and forecast 2022-2027
    • Service - Market size and forecast 2022-2027
    • Market opportunity by Type
    • Market segments
    • Comparison by Technology
    • Cloud computing - Market size and forecast 2022-2027
    • IoT - Market size and forecast 2022-2027
    • Big data and business analytics - Market size and forecast 2022-2027
    • Blockchain - Market size and forecast 2022-2027
    • Others - Market size and forecast 2022-2027
    • Market opportunity by Technology
    • Customer landscape overview
    • Geographic segmentation
    • Geographic comparison
    • UK - Market size and forecast 2022-2027
    • France - Market size and forecast 2022-2027
    • Germany - Market size and forecast 2022-2027
    • Italy - Market size and forecast 2022-2027
    • Rest of Europe - Market size and forecast 2022-2027
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Impact of drivers and challenges
    • Market trends
    • Overview
    • Vendor landscape
    • Landscape disruption
    • Industry risks
    • Vendors covered
    • Market positioning of vendors
    • Akur8
    • Anorak Technologies Ltd.
    • Charles Taylor Ltd.
    • Descartes Underwriting SAS
    • Duck Creek Technologies Inc.
    • F2X Group Ltd.
    • FRISS
    • Getsafe Digital GmbH
    • INZMO Europe GmbH
    • Majesco
    • Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group
    • Qover SA
    • Quantemplate Technologies Inc.
    • Shift Technology
    • simplesurance GmbH
    • Scope of the report
    • Inclusions and exclusions checklist
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

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