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Insurtech Market Report

RA08506

Insurtech Market by Technology (AI & Machine Learning, IoT, Blockchain, and Others), Product (Life Insurance and Property & Casualty Insurance), Distribution Channel (Full Stack Insurers, Agents, and Brokers), and Regional Analysis (North America, Europe, Asia-Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2021–2028

RA08506

Pages: 220

Oct 2021

Global Insurtech Market Analysis

The global insurtech market size is predicted to garner a revenue of $57,934.0 million in the 2021–2028 timeframe, growing from $7,841.0 million in 2020, at a healthy CAGR of 29.1%.

Market Synopsis

The increasing digitization around the globe and the increasing technological advancements are anticipated to be major contributors of the market.

However, privacy concerns and government regulations are some of the challenges limiting the insurtech market expansion.

According to the regional analysis of the market, the Asia-Pacific insurtech market share is anticipated to grow at a CAGR of 30.2%, by generating a revenue of $13,689.8 million during the review period.

Insurtech Market Overview

Insurtech refers to the use of technology in the design, distribution, and administration of insurance products and services (Insurance Technology). Insurtech is working on ultra-customized policies, social insurance, and dynamically pricing premiums based on new streams of data from Internet-connected devices. Insurtech helps insurers collect and analyze consumer data that may be used to target the right client at a low cost.

Covid-19 Impact on Insurtech Market

In March 2020, the World Health Organization declared COVID-19 as a pandemic, which resulted in restrictions on travel and disturbances in financial markets, as well as negatively impacted supply chains and production levels. The COVID-19 pandemic has caused massive disruptions and changes in a variety of businesses, as well as a significant rise in the demand for touchless and contactless solutions. Because of their precision and alignment with COVID-19's social distancing standards, insurance technologies are becoming increasingly relevant. Organizations and customers are avoiding physical contact to restrict virus spread. These steps are paving the way for user-friendly insurance technologies like artificial intelligence, blockchain, and others. Moreover, insurtech startups and fintech insurtech companies are gradually increasing among different regions. Therefore, the demand for insurtech solutions has increased significantly during the corona virus pandemic.

Advancements in Technology are Anticipated to Drive the Insurtech Market Growth

Insurance businesses are leveraging innovative digital solutions to extend their operations and establish product lines based on niche client demand as a result of shifting business models, which contributes considerably to market growth. For loss prediction and prevention, risk monitoring, and claims processing, the integration of technologies such as cloud computing, artificial intelligence, and blockchain is becoming a prominent element that is expected to provide profitable potential for insurtech gateway in the coming years.

To know more about global insurtech industry report and trends, get in touch with our analysts here.

Security Concerns and Government Regulations Might Restrain the Market Growth

The issue of privacy is one of the most pressing challenges for digitally-based enterprises. Many people are concerned about how their personal data is collected, the extent to which it is used, and whether it is sold solely for commercial advantage. Another source of concern is anti-rebating legislation, which prohibits insurers from providing any services other than insurance. Because certain insurtech apps offer direct robo-advisors or virtual agents, which require separate licensure, this problem is crucial.

Developing Economies are Expected to Create the Opportunities of Insurtech Market

Developing economies provide significant opportunity for insurtech solution providers to grow their products as certain insurers adopt new business models. Furthermore, the need for specialty and customized insurance continues to rise, hastening insurance companies' adoption of insurtech. Insurtech market revenue is expected to rise in the coming years as a result of increased investments in digital transformation, adoption of new technologies such as artificial intelligence, analytics, big data, machine learning, and chatbots, and rapid expansion of domestic business, particularly in countries such as Singapore, Hong Kong, China, and South Korea.

To know more about global insurtech market opportunities, get in touch with our analysts here.

Insurtech Market
By Technology

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Based on technology, the insurtech market has been segmented into AI & machine learning, IoT, blockchain, and others of which the AI & machine learning type sub-segment is projected to generate the maximum revenue during the forecast period. Download PDF Sample Report

Source: Research Dive Analysis

The AI & machine learning sub-segment is predicted to have a dominating market share in the global market and register a revenue of $26,481.8 million during the forecast period. AI allows insurers to build these one-of-a-kind experiences while still fulfilling the high-speed demands of current consumers. The idea is to employ AI's skills to tap into the vast volumes of consumer data accessible to build personalized experiences based on a person's preferences and behaviors. Furthermore, machine learning can not only improve but also automate claims processing. When files are digital and available via the cloud, pre-programmed algorithms can be used to evaluate them, enhancing processing speed and accuracy.

Insurtech Market
By Product

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Based on product, the market has been bifurcated into life insurance and Property & Casualty Insurance sub-segments of which the Property & Casualty Insurance sub-segment is projected to generate highest revenue during the forecast period.

Source: Research Dive Analysis

The property & casualty insurance sub-segment is anticipated to generate highest revenue during the forecast period. It is predicted that the market shall generate a revenue of $32,859.4 million by 2028, growing from $4,667.2 million in 2020, with a CAGR of 28.3%. There are a few elements that are contributing to the market's expansion. One aspect is the increasing frequency of significant natural disasters, which increases the requirement for precise risk assessment. Natural disasters are primarily at fault when it comes to property insurance. Many new and growing risks—cyber, climate change, pandemic, intangible assets—remain underfunded, while others have been gradually handed to governments to manage. This move leaves large gaps in insurance coverage.

Insurtech Market
By Distribution Channel

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Based on technology, the insurtech market has been segmented into AI & machine learning, IoT, blockchain, and others of which the AI & machine learning type sub-segment is projected to generate the maximum revenue during the forecast period.

Source: Research Dive Analysis

The brokers sub-segment is anticipated to have the highest revenue during the forecast period. It is predicted that the market shall generate a revenue of $24,737.1 million by 2028, growing from $3,430.0 million in 2020, with a CAGR of 28.7%. In the insurance market, there has been an increase in demand for products including life insurance, vehicle insurance, home insurance, and health insurance, among others. This increase in demand is mostly due to increased consumer awareness of insurance policies, as well as education on the importance of insurance policies and the multiple benefits they provide to policyholders. The market has risen as a result of growing demand for insurance policies, as policyholders seek the help of a broker in getting a policy that meets their needs and preferences.

Insurtech Market
By Region

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The insurtech market was inspected across North America, Europe, Asia-Pacific, and LAMEA.

Source: Research Dive Analysis

The Market for Insurtech in Asia-Pacific to be the Fastest Growing

Asia-Pacific is anticipated to be the fastest growing market during the forecast time period and reach $13,689.8 million by 2028, with a CAGR of 30.2%. Due to the existence of multiple rising economies and financial centers like Singapore, India, and Hong Kong, the Asia-Pacific region market is expected to grow significantly over the forecast period. The region's insurance service providers are attempting to deliver low-cost insurance premium options. The region's insurance companies are increasingly turning to digital insurance platforms as cloud technologies become more widely used and internet users become more common.

Competitive Scenario in the Global Insurtech Market

Product launches and mergers & acquisitions are common strategies followed by major market players.

Competitive Scenario in the Global Insurtech Market

Source: Research Dive Analysis

Some of the leading insurtech market players are American Well Corporation, Acko General insurance, Clover Health, Damco Group, Majesco, Oscar Insurance, Quantemplate, Shift Technology, Trov Insurance Solutions, LLC, Ladder insurance and Zhongan Insurance.

Porter’s Five Forces Analysis for the Global Insurtech Market:

  • Bargaining Power of Suppliers: Insurtech market contains huge concentration of distributors & suppliers and therefore, the distributors & suppliers’ control is predicted to be reasonable, resulting in moderate bargaining power of dealers.
    Thus, the bargaining power of the suppliers is considered to be moderate.
  • Bargaining Power of Buyers: Buyers might have great bargaining power, significantly because of high players functioning in the insurtech market.
    Therefore, the bargaining power of the buyer is high.
  • Threat of New Entrants: Insurtech companies entering the market are adopting technological innovations to attract clients. But due to the high government regulations,
    the threat of the new entrants is moderate.
  • Threat of Substitutes: There are fewer product alternatives for insurtech.
    Thus, the threat of substitutes is moderate.
  • Competitive Rivalry in the Market: The competitive rivalry among industry leaders is rather intense, especially between the global players including American Well Corporation, Clover Health, and Insurtech Connect. Insurtech connect 2021 is also organized this year which is Asia’s largest insurance technology event.
    Therefore, competitive rivalry in the market is high.

Aspect

Particulars

  Historical Market Estimations

  2019-2020

  Base Year for Market Estimation

  2020

  Forecast Timeline for Market Projection

  2021-2028

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Technology

  • AI & Machine learning
  • IoT
  • Blockchain
  • Others

  Segmentation by Product

  • Life Insurance
  • Property & Casualty Insurance

  Segmentation by Distribution Channel

  • Full Stack Insurers
  • Agents
  • Brokers

  Key Companies Profiled

  • American Well Corporation
  • Acko general insurance
  • Clover Health
  • Damco Group
  • Majesco
  • Oscar Insurance
  • Quantemplate
  • Shift Technology
  • Trov Insurance Solutions, LLC
  • Zhongan Insurance

Frequently Asked Questions
 

A. The global insurtech market size 2020 was over $7,841.0 million and is projected to reach $57,934.0 million by 2028.

A. Zhongan Insurance, Oscar Insurance, and Shift Technology are some of the key players in the global insurtech market.

A. The Asia-Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

A. Asia-Pacific commercial insurance market is anticipated to grow at 30.2% CAGR during the forecast period.

A. Technological development and strategic partnerships are the key strategies opted by the operating companies in this market.

A. North America is estimated to have the maximum revenue in 2020 and is expected to continue its lead during the projected period.

A. The insurtech market is expected to reach $65 billion by the end of 2030.

A. American Well Corporation, Majesco, and Zhongan Insurance are few key players in the Insurtech market.

1.Research Methodology

1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters

1.4.1.Assumptions
1.4.2.Forecast parameters

1.5.Data sources

1.5.1.Primary
1.5.2.Secondary

2.Executive Summary

2.1.360° summary
2.2.By Technology type trends
2.3.By Product type trends
2.4.By Distribution Channel trends

3.Market overview

3.1.Market segmentation & definitions
3.2.Key takeaways

3.2.1.Top investment pockets
3.2.2.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market

3.4.Market dynamics

3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities

3.5.Distribution Channel landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Pricing overview

3.8.1.by Technology type
3.8.2.by Product type
3.8.3.By Distribution Channel type

3.9.Market value chain analysis

3.9.1.Stress point analysis
3.9.2.Raw material analysis
3.9.3.Manufacturing process
3.9.4.Distribution Channel analysis
3.9.5.Operating vendors

3.9.5.1.Raw material suppliers
3.9.5.2.Product manufacturers
3.9.5.3.Product distributors

3.10.Strategic overview

4.Insurtech Market, by Technology type

4.1.AI & Machine Learning

4.1.1.Market size and forecast, by region, 2020-2028
4.1.2.Comparative market share analysis, 2020 & 2028

4.2.IoT

4.2.1.Market size and forecast, by region, 2020-2028
4.2.2.Comparative market share analysis, 2020 & 2028

4.3.Blockchain

4.3.1.Market size and forecast, by region, 2020-2028
4.3.2.Comparative market share analysis, 2020 & 2028

4.4.Others

4.4.1.Market size and forecast, by region, 2020-2028
4.4.2.Comparative market share analysis, 2020 & 2028

5.Insurtech Market, by Product type

5.1.Life Insurance

5.1.1.Market size and forecast, by region, 2020-2028
5.1.2.Comparative market share analysis, 2020 & 2028

5.2.Property & Casualty insurance

5.2.1.Market size and forecast, by region, 2020-2028
5.2.2.Comparative market share analysis, 2020 & 2028

6.Insurtech Market, by Distribution Channel

6.1.Full stack insurers

6.1.1.Market size and forecast, by region, 2020-2028
6.1.2.Comparative market share analysis, 2020 & 2028

6.2.Agents

6.2.1.Market size and forecast, by region, 2020-2028
6.2.2.Comparative market share analysis, 2020 & 2028

6.3.Brokers

6.3.1.Market size and forecast, by region, 2020-2028
6.3.2.Comparative market share analysis, 2020 & 2028

7.Insurtech Market, by Region

7.1.North America

7.1.1.Market size and forecast, by Technology type, 2020-2028
7.1.2.Market size and forecast, by Product type, 2020-2028
7.1.3.Market size and forecast, by Distribution Channel, 2020-2028
7.1.4.Market size and forecast, by country, 2020-2028
7.1.5.Comparative market share analysis, 2020 & 2028

7.1.6.U.S.

7.1.6.1.Market size and forecast, by Technology type, 2020-2028
7.1.6.2.Market size and forecast, by Product type, 2020-2028
7.1.6.3.Market size and forecast, by Distribution Channel, 2020-2028
7.1.6.4.Comparative market share analysis, 2020 & 2028

7.1.7.Canada

7.1.7.1.Market size and forecast, by Technology type, 2020-2028
7.1.7.2.Market size and forecast, by Product type, 2020-2028
7.1.7.3.Market size and forecast, by Distribution Channel, 2020-2028
7.1.7.4.Comparative market share analysis, 2020 & 2028

7.1.8.Mexico

7.1.8.1.Market size and forecast, by Technology type, 2020-2028
7.1.8.2.Market size and forecast, by Product type, 2020-2028
7.1.8.3.Market size and forecast, by Distribution Channel, 2020-2028
7.1.8.4.Comparative market share analysis, 2020 & 2028

7.2.Europe

7.2.1.Market size and forecast, by Technology type, 2020-2028
7.2.2.Market size and forecast, by Product type, 2020-2028
7.2.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.4.Market size and forecast, by country, 2020-2028
7.2.5.Comparative market share analysis, 2020 & 2028

7.2.6.Germany 

7.2.6.1.Market size and forecast, by Technology type, 2020-2028
7.2.6.2.Market size and forecast, by Product type, 2020-2028
7.2.6.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.6.4.Comparative market share analysis, 2020 & 2028

7.2.7.UK

7.2.7.1.Market size and forecast, by Technology type, 2020-2028
7.2.7.2.Market size and forecast, by Product type, 2020-2028
7.2.7.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.7.4.Comparative market share analysis, 2020 & 2028

7.2.8.France

7.2.8.1.Market size and forecast, by Technology type, 2020-2028
7.2.8.2.Market size and forecast, by Product type, 2020-2028
7.2.8.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.8.4.Comparative market share analysis, 2020 & 2028

7.2.9.Italy

7.2.9.1.Market size and forecast, by Technology type, 2020-2028
7.2.9.2.Market size and forecast, by Product type, 2020-2028
7.2.9.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.9.4.Comparative market share analysis, 2020 & 2028

7.2.10.Spain

7.2.10.1.Market size and forecast, by Technology type, 2020-2028
7.2.10.2.Market size and forecast, by Product type, 2020-2028
7.2.10.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.10.4.Comparative market share analysis, 2020 & 2028

7.2.11.Rest of Europe

7.2.11.1.Market size and forecast, by Technology type, 2020-2028
7.2.11.2.Market size and forecast, by Product type, 2020-2028
7.2.11.3.Market size and forecast, by Distribution Channel, 2020-2028
7.2.11.4.Comparative market share analysis, 2020 & 2028

7.3.Asia-Pacific

7.3.1.Market size and forecast, by Technology type, 2020-2028
7.3.2.Market size and forecast, by Product type, 2020-2028
7.3.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.4.Market size and forecast, by country, 2020-2028
7.3.5.Comparative market share analysis, 2020 & 2028

7.3.6.China

7.3.6.1.Market size and forecast, by Technology type, 2020-2028
7.3.6.2.Market size and forecast, by Product type, 2020-2028
7.3.6.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.6.4.Comparative market share analysis, 2020 & 2028

7.3.7.Japan 

7.3.7.1.Market size and forecast, by Technology type, 2020-2028
7.3.7.2.Market size and forecast, by Product type, 2020-2028
7.3.7.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.7.4.Comparative market share analysis, 2020 & 2028

7.3.8.India 

7.3.8.1.Market size and forecast, by Technology type, 2020-2028
7.3.8.2.Market size and forecast, by Product type, 2020-2028
7.3.8.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.8.4.Comparative market share analysis, 2020 & 2028

7.3.9.South Korea 

7.3.9.1.Market size and forecast, by Technology type, 2020-2028
7.3.9.2.Market size and forecast, by Product type, 2020-2028
7.3.9.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.9.4.Comparative market share analysis, 2020 & 2028

7.3.10.Australia 

7.3.10.1.Market size and forecast, by Technology type, 2020-2028
7.3.10.2.Market size and forecast, by Product type, 2020-2028
7.3.10.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.10.4.Comparative market share analysis, 2020 & 2028

7.3.11.Rest of Asia Pacific

7.3.11.1.Market size and forecast, by Technology type, 2020-2028
7.3.11.2.Market size and forecast, by Product type, 2020-2028
7.3.11.3.Market size and forecast, by Distribution Channel, 2020-2028
7.3.11.4.Comparative market share analysis, 2020 & 2028

7.4.LAMEA

7.4.1.Market size and forecast, by Technology type, 2020-2028
7.4.2.Market size and forecast, by Product type, 2020-2028
7.4.3.Market size and forecast, by Distribution Channel, 2020-2028
7.4.4.Market size and forecast, by country, 2020-2028
7.4.5.Comparative market share analysis, 2020 & 2028

7.4.6.Latin America  

7.4.6.1.Market size and forecast, by Technology type, 2020-2028
7.4.6.2.Market size and forecast, by Product type, 2020-2028
7.4.6.3.Market size and forecast, by Distribution Channel, 2020-2028
7.4.6.4.Comparative market share analysis, 2020 & 2028

7.4.7.Middle East 

7.4.7.1.Market size and forecast, by Technology type, 2020-2028
7.4.7.2.Market size and forecast, by Product type, 2020-2028
7.4.7.3.Market size and forecast, by Distribution Channel, 2020-2028
7.4.7.4.Comparative market share analysis, 2020 & 2028

7.4.8.Africa

7.4.8.1.Market size and forecast, by Technology type, 2020-2028
7.4.8.2.Market size and forecast, by Product type, 2020-2028
7.4.8.3.Market size and forecast, by Distribution Channel, 2020-2028
7.4.8.4.Comparative market share analysis, 2020 & 2028

8.Company profiles

8.1.American Well Corporation

8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Product portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis

8.2.Acko general insurance

8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Product portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis

8.3.Clover Health

8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Product portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis

8.4.Damco Group

8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Product portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis

8.5.Majesco

8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Product portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis

8.6.Oscar Insurance

8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Product portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis

8.7.Quantemplate

8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Product portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis

8.8.Shift Technology

8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Product portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis

8.9.Trov Insurance Solutions, LLC

8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Product portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis

8.10.Zhongan Insurance

8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Product portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis

Insurance technology, or also known as Insurtech refers to the usage of technology engaging in the creation, distribution, and administration of insurance services & products. The technology refers to discovering solutions such as social insurance, offering ultra-customized policies, and using new data streams from the internet-enabled devices to vigorously price premiums. Insurtech helps in targeting the right customer with affordable quotation and also assists insurers to collect and analyze customer data. Besides, with the use of cloud computing, artificial intelligence, and machine learning, Insurtech helps in making better estimations of purchase quantity, consumer needs, and improves insurance planning and decision making.

COVID-19 Impact on Insurtech Market

The outbreak of COVID-19 across the globe has progressively impacted the global insurtech market growth. This is majorly due to the growing demand for contactless and touchless solutions across the world to prevent the spread of coronavirus infection. In addition, due to the precision and alignment of insurance technology with COVID-19’s social distancing standards, insurtech is becoming increasingly relevant. Customers and organizations are avoiding physical contact in order to restrict the virus spread. All these steps are paving the way for easy-to-use insurance technologies like blockchain, artificial intelligence, and others. All these factors have increased the demand for insurtech solutions significantly during the unprecedented times.

Insurtech Market Trends and Developments

The companies operating in the global industry are adopting several growth strategies and business tactics such as partnerships, collaboration, business expansion, and product launches to obtain a leading position in the global industry, which is predicted to drive the global insurtech market growth in the upcoming years.

For instance, in November 2020, Max Life Insurance Company, a life insurance company in India, launched the second edition of its flagship insurtech accelerator program after a successful first edition in 2019. Max Life Innovation Labs, with the launch of the second edition invites technology startups to build smart insurtech and fintech solutions for specific business challenges.

In May 2021, KFintech, the Hyderabad-headquartered registrar and transfer agency, acquired a 17% stake for an undisclosed amount in Artivatic.ai, the insurance tech startup. KFintech’s partnership with Artivatic will help the company to foray into the insurtech space as the KFintech is looking to expand beyond offering registry services to Corporates, Mutual Funds, and Pensions among other asset classes.

In October 2021, Munich Re Automation Solutions, a leading provider of insurtech solutions to the life insurance industry, announced the launch of its predictive underwriting enablement technology, namely ALLFINANZ Predictor in South Africa. Predictor is specifically designed to simplify the integration and deployment of predictive models and help firms to achieve greater automation, detailed model performance monitoring, better evidence management, and an improved user journey.

Forecast Analysis of Global Insurtech Market

The global insurtech market is projected to witness an exponential growth during the forecast period, owing to the growing need for specialty and customized insurance, speeding up the insurance companies’ adoption are projected to open up new growth opportunities for the market by 2028. Conversely, the government regulations and privacy concerns related to insurtech are expected to hamper the market growth in the projected timeframe.

The increasing digitization across the globe and continuous technological advancements are the significant factors and insurtech market trends estimated to bolster the growth of the global market in the coming future. According to a latest report published by Research Dive, the global insurtech market is expected to garner $57,934.0 million during the forecast period (2021-2028). Regionally, the Asia-Pacific region is estimated to observe the rapid growth by 2028, owing to the due to the presence of multiple financial centers and rising economies like India, Singapore, and Hong Kong in the region.

key players functioning in the Global Insurtech Market

  1. American Well Corporation
  2. Acko general insurance
  3. Clover Health
  4. Damco Group
  5. Majesco
  6. Oscar Insurance
  7. Quantemplate
  8. Shift Technology
  9. Trov Insurance Solutions, LLC
  10. Zhongan Insurance

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