Insurtech Market 2020 Recent Industry Developments, COVID-19 Impact, Global Industry Leaders, Facts and Figures, Future Trends and Forecast to 2027
Insurance companies across the globe are broadly investing in digitization to simplify the transaction process and improve the functionality of insurance payment system which is likely to drive the Insurtech market. The acceptance of insurance technology has permitted businesses to asses risks related to the market, counterparty credit, operation, and liquidity. Insurtech also permits insurance companies to improve customer engagement and provide faster services which might provide new opportunities in Insurtech market.
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The global Insurtech market is segmented on the basis of type, service, technology, and end use. On the basis of type, market is segmented as Auto, Business, Health, Home, Speciality, and Travel. On the basis of service, market is segmented as Consulting, Support and Maintenance. On the basis of technology, market is segmented as Blockchain, Cloud Computing, IoT, Machine learning, Robo Advisory, Others. On the basis of end use, market is segmented as Automotive, BFSI, Government, Healthcare, Manufacturing, Retail, Transportation, Others.
1. Damco Group
2. DXC Technology Company
5. Oscar Insurance
7. Shift Technology
8. Trv, Inc
9. Wipro Limited
10. Zhongan Insurance
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Microeconomic and macroeconomic factors which affect the Insurtech market and its growth, both positive and negative, are also studied. The report features the impact of these factors on the ongoing market throughout the mentioned forecast period. The upcoming changing trends, factors driving as well as restricting the growth of the market are mentioned.
This report presents a 360-degree overview of the competitive scenario of the Global Insurtech market. The report includes massive data relating to the recent product and technological developments observed in the market, complete with an analysis of the impact of these advancements on the market’s future development. The research report analyzes the global Insurtech market in a detailed manner by explaining the key aspects of the market that are expected to have a quantifiable influence on its developmental prospects over the forecast period.
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