Insurtech Market Size, Share, and Trends 2024 to 2033

Insurtech Market (By Services: Consulting, Support & Maintenance, Managed Services; By Deployment Model: On-premise, Cloud; By Type: Auto, Business, Health, Home, Specialty, Travel, Others; By Technology: Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, Others; By Application; By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033

  • Last Updated : June 2024
  • Report Code : 2124
  • Category : ICT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis 

4.3.2. Sales and Distribution Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Insurtech Market 

5.1. COVID-19 Landscape: Insurtech Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Insurtech Market, By Services

8.1. Insurtech Market, by Services, 2024-2033

8.1.1. Consulting

8.1.1.1. Market Revenue and Forecast (2021-2033)

8.1.2. Support & Maintenance

8.1.2.1. Market Revenue and Forecast (2021-2033)

8.1.3. Managed Services

8.1.3.1. Market Revenue and Forecast (2021-2033)

Chapter 9. Global Insurtech Market, By Deployment Model

9.1. Insurtech Market, by Deployment Model, 2024-2033

9.1.1. On-premise

9.1.1.1. Market Revenue and Forecast (2021-2033)

9.1.2. Cloud

9.1.2.1. Market Revenue and Forecast (2021-2033)

Chapter 10. Global Insurtech Market, By Type

10.1. Insurtech Market, by Type, 2024-2033

10.1.1. Auto

10.1.1.1. Market Revenue and Forecast (2021-2033)

10.1.2. Business

10.1.2.1. Market Revenue and Forecast (2021-2033)

10.1.3. Health

10.1.3.1. Market Revenue and Forecast (2021-2033)

10.1.4. Home

10.1.4.1. Market Revenue and Forecast (2021-2033)

10.1.5. Specialty

10.1.5.1. Market Revenue and Forecast (2021-2033)

10.1.6. Travel

10.1.6.1. Market Revenue and Forecast (2021-2033)

10.1.7. Others

10.1.7.1. Market Revenue and Forecast (2021-2033)

Chapter 11. Global Insurtech Market, By Technology

11.1. Insurtech Market, by Technology, 2024-2033

11.1.1. Blockchain

11.1.1.1. Market Revenue and Forecast (2021-2033)

11.1.2. Cloud Computing

11.1.2.1. Market Revenue and Forecast (2021-2033)

11.1.3. IoT

11.1.3.1. Market Revenue and Forecast (2021-2033)

11.1.4. Machine Learning

11.1.4.1. Market Revenue and Forecast (2021-2033)

11.1.5. Robo Advisory

11.1.5.1. Market Revenue and Forecast (2021-2033)

11.1.5. Others

11.1.5.1. Market Revenue and Forecast (2021-2033)

Chapter 12. Global Insurtech Market, By Application

12.1. Insurtech Market, by Application, 2024-2033

12.1.1. Product Development & Underwriting

12.1.1.1. Market Revenue and Forecast (2021-2033)

12.1.2. Sales & Marketing

12.1.2.1. Market Revenue and Forecast (2021-2033)

12.1.3. Policy Admin Collection & Disbursement

12.1.3.1. Market Revenue and Forecast (2021-2033)

12.1.4. Claims Management

12.1.4.1. Market Revenue and Forecast (2021-2033)

Chapter 13. Global Insurtech Market, By End User

13.1. Insurtech Market, by End User, 2024-2033

13.1.1. Automotive

13.1.1.1. Market Revenue and Forecast (2021-2033)

13.1.2. BFSI

13.1.2.1. Market Revenue and Forecast (2021-2033)

13.1.3. Government

13.1.3.1. Market Revenue and Forecast (2021-2033)

13.1.4. Healthcare

13.1.4.1. Market Revenue and Forecast (2021-2033)

13.1.5. Manufacturing

13.1.5.1. Market Revenue and Forecast (2021-2033)

13.1.6. Retail

13.1.6.1. Market Revenue and Forecast (2021-2033)

13.1.7. Transportation

13.1.7.1. Market Revenue and Forecast (2021-2033)

13.1.8. Others

13.1.8.1. Market Revenue and Forecast (2021-2033)

Chapter 14. Global Insurtech Market, Regional Estimates and Trend Forecast

14.1. North America

14.1.1. Market Revenue and Forecast, by Services (2021-2033)

14.1.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.1.3. Market Revenue and Forecast, by Type (2021-2033)

14.1.4. Market Revenue and Forecast, by Technology (2021-2033)

14.1.5. Market Revenue and Forecast, by Application (2021-2033)

14.1.6. Market Revenue and Forecast, by End User (2021-2033)

14.1.7. U.S.

14.1.7.1. Market Revenue and Forecast, by Services (2021-2033)

14.1.7.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.1.7.3. Market Revenue and Forecast, by Type (2021-2033)

14.1.7.4. Market Revenue and Forecast, by Technology (2021-2033)

14.1.8. Market Revenue and Forecast, by Application (2021-2033)

14.1.8.1. Market Revenue and Forecast, by End User (2021-2033) 

14.1.9. Rest of North America

14.1.9.1. Market Revenue and Forecast, by Services (2021-2033)

14.1.9.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.1.9.3. Market Revenue and Forecast, by Type (2021-2033)

14.1.9.4. Market Revenue and Forecast, by Technology (2021-2033)

14.1.10. Market Revenue and Forecast, by Application (2021-2033)

14.1.11. Market Revenue and Forecast, by End User (2021-2033)

14.1.11.1.

14.2. Europe

14.2.1. Market Revenue and Forecast, by Services (2021-2033)

14.2.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.2.3. Market Revenue and Forecast, by Type (2021-2033)

14.2.4. Market Revenue and Forecast, by Technology (2021-2033) 

14.2.5. Market Revenue and Forecast, by Application (2021-2033)

14.2.6. Market Revenue and Forecast, by End User (2021-2033)

14.2.7.

14.2.8. UK

14.2.8.1. Market Revenue and Forecast, by Services (2021-2033)

14.2.8.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.2.8.3. Market Revenue and Forecast, by Type (2021-2033)

14.2.9. Market Revenue and Forecast, by Technology (2021-2033) 

14.2.10. Market Revenue and Forecast, by Application (2021-2033)

14.2.10.1. Market Revenue and Forecast, by End User (2021-2033) 

14.2.11. Germany

14.2.11.1. Market Revenue and Forecast, by Services (2021-2033)

14.2.11.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.2.11.3. Market Revenue and Forecast, by Type (2021-2033)

14.2.12. Market Revenue and Forecast, by Technology (2021-2033)

14.2.13. Market Revenue and Forecast, by Application (2021-2033)

14.2.14. Market Revenue and Forecast, by End User (2021-2033)

14.2.14.1.

14.2.15. France

14.2.15.1. Market Revenue and Forecast, by Services (2021-2033)

14.2.15.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.2.15.3. Market Revenue and Forecast, by Type (2021-2033)

14.2.15.4. Market Revenue and Forecast, by Technology (2021-2033)

14.2.16. Market Revenue and Forecast, by Application (2021-2033)

14.2.16.1. Market Revenue and Forecast, by End User (2021-2033)

14.2.17. Rest of Europe

14.2.17.1. Market Revenue and Forecast, by Services (2021-2033)

14.2.17.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.2.17.3. Market Revenue and Forecast, by Type (2021-2033)

14.2.17.4. Market Revenue and Forecast, by Technology (2021-2033)

14.2.18. Market Revenue and Forecast, by Application (2021-2033)

14.2.18.1. Market Revenue and Forecast, by End User (2021-2033)

14.3. APAC

14.3.1. Market Revenue and Forecast, by Services (2021-2033)

14.3.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.3.3. Market Revenue and Forecast, by Type (2021-2033)

14.3.4. Market Revenue and Forecast, by Technology (2021-2033)

14.3.5. Market Revenue and Forecast, by Application (2021-2033)

14.3.6. Market Revenue and Forecast, by End User (2021-2033)

14.3.7. India

14.3.7.1. Market Revenue and Forecast, by Services (2021-2033)

14.3.7.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.3.7.3. Market Revenue and Forecast, by Type (2021-2033)

14.3.7.4. Market Revenue and Forecast, by Technology (2021-2033)

14.3.8. Market Revenue and Forecast, by Application (2021-2033)

14.3.9. Market Revenue and Forecast, by End User (2021-2033)

14.3.10. China

14.3.10.1. Market Revenue and Forecast, by Services (2021-2033)

14.3.10.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.3.10.3. Market Revenue and Forecast, by Type (2021-2033)

14.3.10.4. Market Revenue and Forecast, by Technology (2021-2033)

14.3.11. Market Revenue and Forecast, by Application (2021-2033)

14.3.11.1. Market Revenue and Forecast, by End User (2021-2033)

14.3.12. Japan

14.3.12.1. Market Revenue and Forecast, by Services (2021-2033)

14.3.12.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.3.12.3. Market Revenue and Forecast, by Type (2021-2033)

14.3.12.4. Market Revenue and Forecast, by Technology (2021-2033)

14.3.12.5. Market Revenue and Forecast, by Application (2021-2033)

14.3.12.6. Market Revenue and Forecast, by End User (2021-2033)

14.3.13. Rest of APAC

14.3.13.1. Market Revenue and Forecast, by Services (2021-2033)

14.3.13.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.3.13.3. Market Revenue and Forecast, by Type (2021-2033)

14.3.13.4. Market Revenue and Forecast, by Technology (2021-2033)

14.3.13.5. Market Revenue and Forecast, by Application (2021-2033)

14.3.13.6. Market Revenue and Forecast, by End User (2021-2033)

14.4. MEA

14.4.1. Market Revenue and Forecast, by Services (2021-2033)

14.4.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.4.3. Market Revenue and Forecast, by Type (2021-2033)

14.4.4. Market Revenue and Forecast, by Technology (2021-2033)

14.4.5. Market Revenue and Forecast, by Application (2021-2033)

14.4.6. Market Revenue and Forecast, by End User (2021-2033)

14.4.7. GCC

14.4.7.1. Market Revenue and Forecast, by Services (2021-2033)

14.4.7.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.4.7.3. Market Revenue and Forecast, by Type (2021-2033)

14.4.7.4. Market Revenue and Forecast, by Technology (2021-2033)

14.4.8. Market Revenue and Forecast, by Application (2021-2033)

14.4.9. Market Revenue and Forecast, by End User (2021-2033)

14.4.10. North Africa

14.4.10.1. Market Revenue and Forecast, by Services (2021-2033)

14.4.10.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.4.10.3. Market Revenue and Forecast, by Type (2021-2033)

14.4.10.4. Market Revenue and Forecast, by Technology (2021-2033)

14.4.11. Market Revenue and Forecast, by Application (2021-2033)

14.4.12. Market Revenue and Forecast, by End User (2021-2033)

14.4.13. South Africa

14.4.13.1. Market Revenue and Forecast, by Services (2021-2033)

14.4.13.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.4.13.3. Market Revenue and Forecast, by Type (2021-2033)

14.4.13.4. Market Revenue and Forecast, by Technology (2021-2033)

14.4.13.5. Market Revenue and Forecast, by Application (2021-2033)

14.4.13.6. Market Revenue and Forecast, by End User (2021-2033)

14.4.14. Rest of MEA

14.4.14.1. Market Revenue and Forecast, by Services (2021-2033)

14.4.14.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.4.14.3. Market Revenue and Forecast, by Type (2021-2033)

14.4.14.4. Market Revenue and Forecast, by Technology (2021-2033)

14.4.14.5. Market Revenue and Forecast, by Application (2021-2033)

14.4.14.6. Market Revenue and Forecast, by End User (2021-2033)

14.5. Latin America

14.5.1. Market Revenue and Forecast, by Services (2021-2033)

14.5.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.5.3. Market Revenue and Forecast, by Type (2021-2033)

14.5.4. Market Revenue and Forecast, by Technology (2021-2033)

14.5.5. Market Revenue and Forecast, by Application (2021-2033)

14.5.6. Market Revenue and Forecast, by End User (2021-2033)

14.5.7. Brazil

14.5.7.1. Market Revenue and Forecast, by Services (2021-2033)

14.5.7.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.5.7.3. Market Revenue and Forecast, by Type (2021-2033)

14.5.7.4. Market Revenue and Forecast, by Technology (2021-2033)

14.5.8. Market Revenue and Forecast, by Application (2021-2033)

14.5.8.1. Market Revenue and Forecast, by End User (2021-2033)

14.5.9. Rest of LATAM

14.5.9.1. Market Revenue and Forecast, by Services (2021-2033)

14.5.9.2. Market Revenue and Forecast, by Deployment Model (2021-2033)

14.5.9.3. Market Revenue and Forecast, by Type (2021-2033)

14.5.9.4. Market Revenue and Forecast, by Technology (2021-2033)

14.5.9.5. Market Revenue and Forecast, by Application (2021-2033)

14.5.9.6. Market Revenue and Forecast, by End User (2021-2033)

Chapter 15. Company Profiles

15.1. Damco Group

15.1.1. Company Overview

15.1.2. Product Offerings

15.1.3. Financial Performance

15.1.4. Recent Initiatives

15.2. DXC Technology Company

15.2.1. Company Overview

15.2.2. Product Offerings

15.2.3. Financial Performance

15.2.4. Recent Initiatives

15.3. Insurance Technology Services

15.3.1. Company Overview

15.3.2. Product Offerings

15.3.3. Financial Performance

15.3.4. Recent Initiatives

15.4. Majesco

15.4.1. Company Overview

15.4.2. Product Offerings

15.4.3. Financial Performance

15.4.4. Recent Initiatives

15.5. Oscar Insurance

15.5.1. Company Overview

15.5.2. Product Offerings

15.5.3. Financial Performance

15.5.4. Recent Initiatives

15.6. Quantemplate

15.6.1. Company Overview

15.6.2. Product Offerings

15.6.3. Financial Performance

15.6.4. Recent Initiatives

15.7. Shift Technology

15.7.1. Company Overview

15.7.2. Product Offerings

15.7.3. Financial Performance

15.7.4. Recent Initiatives

15.8. Trōv, Inc.

15.8.1. Company Overview

15.8.2. Product Offerings

15.8.3. Financial Performance

15.8.4. Recent Initiatives

15.9. Wipro Limited

15.9.1. Company Overview

15.9.2. Product Offerings

15.9.3. Financial Performance

15.9.4. Recent Initiatives

15.10. ZhongAn Insurance

15.10.1. Company Overview

15.10.2. Product Offerings

15.10.3. Financial Performance

15.10.4. Recent Initiatives

Chapter 16. Research Methodology

16.1. Primary Research

16.2. Secondary Research

16.3. Assumptions

Chapter 17. Appendix

17.1. About Us

17.2. Glossary of Terms

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Frequently Asked Questions

The global insurtech market size was accounted at USD 18.71 billion in 2023 and it is projected to hit around USD 496.56 billion by 2033.

The global insurtech market is poised to grow at a CAGR of 38.8% from 2024 to 2033.

The major players operating in the insurtech market are Damco Group, DXC Technology Company, Insurance Technology Services, Majesco, Oscar Insurance, Quantemplate, Shift Technology, Trōv, Inc., Wipro Limited, ZhongAn Insurance

The rising number of protections claims overall is one of the central point highlighting the market development is the primary driving factors of the insurtech market.

North America region will lead the global insurtech market during the forecast period 2024 to 2033.

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