Press release
Insurtech Market Overview 2022: Global Industry Analysis, Share, Size, Growth and Forecast
Insurtech Market
Report Metric Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
Insurtech, a technologically innovative solution, is extensively deployed to optimize insurance companies' performance. It is utilized for performing advanced data analytics, consumer insights, minimizing costs, and improving the overall customer experience. Insurtech widely employs artificial intelligence (AI), cloud computing, and the internet of things (IoT), for predicting consumer requirements.
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We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Insurtech Market Trends:
The rapid digitalization and significant expansion in the banking, financial servicing, and insurance (BFSI) sectors are primarily driving the market growth. The market is also being driven by the introduction of advanced technological solutions for enhancing client communications and the implementation of automated processes efficiently. In addition to this, the rising demand for the availability of customized insurance policies on various smartphone applications and online platforms is contributing to the market growth. Other reasons, including as the growing adoption of insurtech solutions for simplifying claim processing operations, are contributing to a more optimistic prognosis for the sector globally.
Global Insurtech Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Damco Group, DXC Technology Company, Insurance Technology Services, Majesco, Oscar Insurance, Quantemplate, Shift Technology, Trov Inc., Wipro Limited and Zhongan Insurance.
The report has segmented the market on the based on region, type, service and technology.
Breakup by Type:
Auto
Business
Health
Home
Specialty
Travel
Others
Breakup by Service:
Consulting
Support and Maintenance
Managed Services
Breakup by Technology:
Blockchain
Cloud Computing
IoT
Machine Learning
Robo Advisory
Others
Breakup by Region:
North America:(United States, Canada
Asia-Pacific:(China, Japan, India, South Korea, Australia, Indonesia,Others)
Europe: (Germany, France, United Kingdom, Italy, Spain, Russia,Others)
Latin America;(Brazil,Mexico, Others)
Middle East and Africa
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Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization
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