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Insurtech Market Report - 2024

Overview

Insurtech Market Size, Share & Trends Report Insurtech Market Size, Share & Trends Analysis Report By Type (Auto, Business, Health, Home, Specialty, Travel), By Service (Consulting, Support & Maintenance, Managed Services), By Technology, By End Use, By Region, And Segment Forecasts, 2023 – 2030

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    The Insurtech Market size is estimated at USD 8.63 billion in 2024, and is expected to reach USD 32.47 billion by 2029, growing at a CAGR of 30.34% during the forecast period (2024-2029).During the forecast period, the insurtech market is anticipated to experience growth attributed to streamlining the claims procedure, enhancing client communication, and the capacity to integrate automation. Insurtech emerged in the past decade, but its expansion has surged notably in recent years.

    Insurtech is a technological service offered to the insurance industry to improve efficiency. A complete background analysis of the insurtech market, which includes market trends, an assessment of the emerging segments, significant changes in market dynamics, market insights, and a market overview, is covered in the report. 

    A three-pronged approach was followed for deducing the insurtech market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

    What Our Report Covers?

    • Market Segmentation: Detailed analysis by type, service, technology, and end-user
      industry
    • Market Dynamics: In-depth examination of major drivers, restraints, opportunities, and
      challenges
    • Supply Chain and Trends: Explore disruptions, customer impacts, market maps,
      pricing, and regulations
    • High-Growth Segments: Identify opportunities for stakeholders
    • Key Player Profiles: Rankings, core competencies, and comprehensive market
      positioning
    • Benchmarking: Proprietary ‘Company Evaluation Matrix’ for business strategy and product portfolio excellence
    • Innovations and Partnerships: Track product launches, agreements, expansions,
      acquisitions, and R&D activities
    • Recession Impact: Analyze potential market changes
    • Insurtech Explained: Transformative technologies enhancing customer experience,
      efficiency, and competition in the insurance industry

    Table of Content

    Chapter 1 Insurtech Market: Methodology and Scope
                       1.1 Research Methodology
                       1.2 Research Scope and Assumptions
                       1.3 List of Data Sources
    Chapter 2 Insurtech Market: Executive Summary
                       2.1 Market Snapshot
                       2.2 Segment Snapshot
                       2.3 Competitive Landscape Snapshot
    Chapter 3 Insurtech Market: Industry Outlook
                       3.1 Market Segmentation and Scope
                       3.2 Insurtech Market – Value Chain Analysis
                       3.3 Insurtech Market Dynamics
                           3.3.1 Market driver analysis
                               3.3.1.1 The growing adoption of predictive analytics
                               3.3.1.2 Increasing shift toward cloud computing
                           3.3.2 Market restraint analysis
                               3.3.2.1 Data security and privacy concerns
                       3.4 Insurtech Market – Porter’s Five Forces Analysis
                       3.5 Insurtech Market – PESTEL Analysis
    Chapter 4 Insurtech Type Outlook
                       4.1 Insurtech Market Share By Type, 2022
                       4.2 Auto
                           4.2.1 Auto insurtech market, 2017 – 2030
                       4.3 Business
                           4.3.1 Business insurtech market, 2017 – 2030
                       4.4 Health
                           4.4.1 Health insurtech market, 2017 – 2030
                       4.5 Home
                           4.5.1 Home insurtech market, 2017 – 2030
                       4.6 Specialty
                           4.6.1 Specialty insurtech market, 2017 – 2030
                       4.7 Travel
                           4.7.1 Travel insurtech market, 2017 – 2030
                       4.8 Others
                           4.8.1 Other insurtech market, 2017 – 2030
    Chapter 5 Insurtech Service Outlook
                       5.1 Insurtech Market Share By Service, 2022
                       5.2 Consulting
                           5.2.1 Insurtech consulting services market, 2017 – 2030
                       5.3 Support & maintenance
                           5.3.1 Insurtech support & maintenance services market, 2017 – 2030
                       5.4 Managed services
                           5.4.1 Insurtech managed services market, 2017 – 2030
    Chapter 6 Insurtech Technology Outlook
                       6.1 Insurtech Market Share By Technology, 2022
                       6.2 Blockchain
                           6.2.1 Blockchain in insurtech market, 2017 – 2030
                       6.3 Cloud computing
                           6.3.1 Cloud computing in insurtech market, 2017 – 2030
                       6.4 IoT
                           6.4.1 IoT in insurtech market, 2017 – 2030
                       6.5 Machine learning
                           6.5.1 Machine learning in insurtech market, 2017 – 2030
                       6.6 Robo advisory
                           6.6.1 Robo advisory in insurtech market, 2017 – 2030
                       6.7 Others
                           6.7.1 Other insurtech technologies market, 2017 – 2030
    Chapter 7 Insurtech End Use Outlook
                       7.1 Insurtech Market Share By End Use, 2022
                       7.2 Automotive
                           7.2.1 Insurtech in automotive, 2017 – 2030
                       7.3 BFSI
                           7.3.1 Insurtech in BFSI, 2017 – 2030
                       7.4 Government
                           7.4.1 Insurtech in government, 2017 – 2030
                       7.5 Healthcare
                           7.5.1 Insurtech in healthcare, 2017 – 2030
                       7.6 Manufacturing
                           7.6.1 Insurtech in manufacturing, 2017 – 2030
                       7.7 Retail
                           7.7.1 Insurtech in retail, 2017 – 2030
                       7.8 Transportation
                           7.8.1 Insurtech in transportation, 2017 – 2030
                       7.9 Others
                           7.9.1 Insurtech in other end use, 2017 – 2030

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      Our Team

      As a leading college in Paris, we look to engage with our student beyond the conventional design and development school relationship, becoming a partner to the people.

      Gilbert Hughes

      Proffessor

      Gilbert Hughes joined Hub Constructon in 1955 as an estimator/project manager, after previously working months as a laborer.

      Erik Genie

      Proffessor

      Gilbert Hughes joined Hub Constructon in 1955 as an estimator/project manager, after previously working months as a laborer.

      Mary Hughes

      Proffessor

      Gilbert Hughes joined Hub Constructon in 1955 as an estimator/project manager, after previously working months as a laborer.

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