Press release
Insurtech Market is Estimated to Grow at a CAGR of 25.2% within the forecast period of 2023 to 2030: Cognitive Market Research
Insurtech Market is Estimated to Grow at a CAGR of 25.2% within the forecast period of 2023 to 2030: Cognitive Market Research
- Insurtech is a term used to describe the integration of technological advancements into the insurance industry with the aim of enhancing its operational efficiency. This includes the development, dissemination, and management of insurance products and services. Insurtech helps large insurance companies explore new options outside of traditional human efforts. This could include dynamically-priced insurance policies, small business insurance, and social insurance options. Some crucial insurtech applications includes risk prevention, fraud detection, claims management, and smart contract formulation.
Summary:
- Global Insurtech market is Expected to reach at USD 26.28 Billion in 2030 Growing at 25.2% CAGR from 2023 to 2030.
To know more The Insurtech Market statistics click here: https://www.cognitivemarketresearch.com/insurtech-market-report
Insurtech Market Dynamics:
- The process of buying insurance in the past was tedious, complicated and lengthy. Considering the shift of younger generations, they have different expectations when it comes to insurance, and Insurtech companies are responding with new business models that cater to these changing needs. In addition, insurtech and developments can help insurance companies automate manual processes, reduce paperwork, and increase the speed and accuracy of underwriting and claims processing. The rapidly growing artificial intelligence and its adoption expected to drive the insurtech market.
Global Insurtech Market Segmentation:
- Offering:
• Solution
• Service
- Deployment Model:
• On-premise
• Cloud
- Technology:
• Artificial Intelligence
• Cloud Computing
• Blockchain
• Big Data & Business Analytics
• IoT
• Others
- End User:
• Life & Health Insurance
• Property and Casualty (P&C) Insurance
• Auto Insurance
• Buildings Insurance
- Application:
• Product Development & Underwriting
• Sales & Marketing
• Policy Admin Collection & Disbursement
• Claims Management
- Competitive Analysis for Insurtech Market:
• Majesco
• Oscar Insurance
• OutSystems
• Damco Group
• DXC Technology Company
• Quantemplate
• Shift Technology
• Trov Insurance Solutions, LLC
• Wipro Limited
• Zhongan Insurance
Get free sample pages of latest published Insurtech Market Report: https://www.cognitivemarketresearch.com/insurtech-market-report
Regional Analysis of Insurtech Market:
- Geographically, the global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America region is further bifurcated into U.S., Canada, Mexico. The Europe region is further characterized into U.K., France, Germany, and Rest of Europe. Asia Pacific is further divided into China, Japan, India, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, and Rest of Latin America. Middle East & Africa region covers the UAE, South Africa, and Rest of MEA. North America dominates the global insurtech due to the high technology adoption in the region. In addition, rising spending of customers for insurance-related products expected to drive the North America insurtech market.
Recent developments in the market:
• February 20, 2023
Kotak General Insurance Launches AI-Based Vehicle Inspection For Motor Insurance Renewals
• February 3, 2022
Edelweiss, General Insurance (EGI), has launched an AI voice bot to expedite registration of motor claims.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Insurtech Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Insurtech Market Segmentation
1.5.1 Insurtech Market Regional Fragmentation
1.5.1 Insurtech Market Players
• 1.6 Report Duration
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Insurtech Market
Chapter 4 Global Insurtech Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Insurtech Market by Technology Segmentation Analysis (2018-2030)
Chapter 9 Global Insurtech Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Insurtech Market by By Offering Segmentation Analysis (2018-2030)
Chapter 11 Global Insurtech Market by By Deployment Model Segmentation Analysis (2018-2030)
Chapter 12 Global Insurtech Market Regional Analysis
Chapter 13 North America Insurtech Market Outlook (2018 - 2030)
Chapter 14 Europe Insurtech Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Insurtech Market Outlook (2018 - 2030)
Chapter 16 Latin America Insurtech Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Insurtech Market Outlook (2018 - 2030)
Chapter 18 Research Findings
To know more Insurtech Market TOC click here: https://www.cognitivemarketresearch.com/insurtech-market-report#table_of_contents
Related Report:
• Artificial Intelligence In Insurtech Market- https://www.cognitivemarketresearch.com/artificial-intelligence-in-insurtech-market-report
• Gepon Technology Market- https://www.cognitivemarketresearch.com/gepon-technology-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
Asia Pacific: (+852) 81930785
Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Insurtech Market is Estimated to Grow at a CAGR of 25.2% within the forecast period of 2023 to 2030: Cognitive Market Research here
News-ID: 2941205 • Views: …
More Releases from Cognitive Market Research
Ultra Fine Copper Powder Market is estimated to grow at a CAGR of 7.1% during th …
Market Overview:
- The term "ultra-fine copper powder" refers to a finely divided type of copper that is distinguished by its exceedingly small particle size and large surface area. It is made using a variety of processes, such as mechanical grinding, electrolysis, and chemical precipitation. Ultra-fine copper powder typically has particles between a few nanometres and a few micrometers in size.
Summary:
- As per Cognitive Market Research, Global Ultra-Fine Copper…
Premium Branding and Status Symbol boosts the Global Metal Card Market: Cognitiv …
Market Overview:
- A metal card typically refers to a credit or debit card that is made from metal materials instead of traditional plastic. These cards are often associated with premium or high-end credit card offerings and are designed to provide a more luxurious and prestigious feel. Metal cards are usually made from materials such as stainless steel, titanium, or other alloys, which gives them a solid and durable construction.…
Slot Machines Market is projected to grow at a CAGR of 12.9% within the forecast …
Market Overview:
A slot machine is operated by inserting coins into a slot and by pulling down on a long handle. It features a set of spinning reels with various symbols on them. Players or individuals insert coins or tokens into the machine and then pull a lever or press a button to activate the reels. The earliest slot machine technology was created with mechanical reels powered by random number generators.…
Mechanical Seals Market is estimated to grow at a CAGR of 4.8% within the foreca …
Market Overview:
A mechanical seal is only a way to keep fluid inside a vessel usually pumps, mixers, etc. when a rotating shaft passes through a stationary housing or, on rare occasions, when the housing rotates around the shaft. Mechanical seals are devices used to prevent leakage between two components or systems that are connected by a rotating shaft. They are commonly used in pumps, compressors, mixers, and other equipment that…
More Releases for Insurtech
Insurtech Market: A Comprehensive Overview
The global insurtech market was valued at approximately USD 10.3 billion in 2024 and is projected to reach around USD 152.9 billion by 2033, growing at a compound annual growth rate (CAGR) of about 31.5% from 2025 to 2033.
Insurtech Market Overview
The global Insurtech market is undergoing explosive growth, fueled by the insurance industry's rapid digitization and rising customer demand for seamless, personalized digital experiences. Advanced technologies like artificial intelligence (AI),…
Top Trends Transforming the InsurTech (Insurance Technology) Market Landscape in …
"Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the InsurTech (Insurance Technology) Industry Market Size Be by 2025?
The volume of the insurtech (insurance technology) market has expanded significantly in the past few years. The market, currently valued at $19.23 billion in 2024, is projected to reach $25.95 billion in 2025, demonstrating a compound annual…
Emerging Trends Influencing The Growth Of The Insurtech Market: Innovative AI-Po …
The Insurtech Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
How Big Is the Insurtech Market Size Expected to Be by 2034?
In recent times, the insurtech market has seen substantial expansion. The projected growth indicates an increase from $17.08 billion in 2024 to $22.08 billion…
Top Factor Driving Insurtech Market Growth in 2025: Rising Tide Of Insurance Cla …
How Are the key drivers contributing to the expansion of the insurtech market?
The expected surge in insurance claims is projected to directly contribute to the expanded growth of the insurtech market. Insurtech plays a critical role in claim management, risk assessment, contract processing, and policy underwriting. The increase in hospitalizations during the COVID-19 pandemic has resulted in a steep rise in insurance claims. An illustrative example of this could be…
Insurtech, Market Dynamics, Global Opportunities, Forecast 2024
The Business Research Company recently released a comprehensive report on the Global Insurtech Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of…
InsurTech on the Rise: Understanding the Booming Market
The InsurTech market Size is projected to reach a staggering USD 158.91 Billion by 2027, registering a remarkable CAGR of 31.70%.The InsurTech market is experiencing exponential growth, driven by a surge in technological advancements that are revolutionizing the insurance industry. InsurTech companies are harnessing innovative technologies such as artificial intelligence, machine learning, and big data to develop novel products and services that cater to the evolving needs of consumers. These…
