Sample - Insurtech Market Analysis and Segment Forecasts To 2030

Insurtech
MARKET ANALYSIS FROM 2017 TO 2030

Opportunities Beyond COVID 19 Crisis
BASE YEAR: 2022

Conversational Systems Market Analysis And Segment Forecasts To 2027
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Insurtech Market Analysis And Segment Forecasts To 2030
Insurtech
MARKET ANALYSIS & SEGMENT FORECAST
Market by Type: Auto, Business, Health, Home, Specialty, Travel, and Others
Market by Service: Consulting, Support & Maintenance, and Managed Services
Market by Technology: Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, and
Others
Market by End Use: Automotive, BFSI, Government, Healthcare, Manufacturing, Retail,

Transportation, and Others
Market by Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Copyright © 2023 Grand View Research, Inc., USA

All Rights Reserved. This document contains highly confidential information and is the sole property
of Grand View Research. No part of it may be circulated, copied, quoted, or otherwise reproduced
without the approval of Grand View Research
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Market Voice : Key Opinions
“Increasing customer data and the need to monitor, manage, and maintain it
Analyst Perspective has become challenging in an organization. The development of numerous
payment processing technologies has made the transaction process easier for
the insurance companies.”
Leading Insurtech
Providers in the Market “The key players are focused on adopting marketing strategies such as free
trials, limited free versions, and discounts on licenses for certain products
to attract more customers.”
“Market players are focusing on initiatives such as acquisitions, new

product launches, and product updates to offer comprehensive products
Insurtech Providers and and services in the market. Furthermore, these companies are also
Operators investing in R&D to offer innovative products and to enhance customer
experience.”
Note: Above listed verbatim responses are intended to provide an overview of the market pulse. Please get in touch with us to learn more
about our primary research methodology & how we could customize our services to meet your end objective.
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Top 3 Trends : Key Takeaways
Increasing number of internet-connected devices across the globe allow insurance

1
companies to get real-time information of the customers to offer their products and services
at better pricing or underwriting to their customers.
The presence of stiff competition in the market has resulted in the formation of strategic
2 business units by organizations. Vendors are increasingly focusing on current technological
trends to enhance their designs as per the requirements of End-users.
Emergence of cloud computing and Internet of Things (IoT) exhibits lucrative opportunities
3
for robust development of the market for insurtech.
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Table of Contents
Chapter 1 Methodology and Scope

1.1 Research Methodology
1.2 Research Scope and Assumptions
1.3 List of Data Sources
Chapter 2 Executive Summary

2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 Insurtech 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 challenge 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
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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
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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
Chapter 8 Insurtech Regional Outlook

8.1 Insurtech Market Share by Region, 2022
8.2 North America
8.2.1 North America insurtech market, 2017–2030
8.2.2 North America insurtech market, by type, 2017–2030
8.2.3 North America insurtech market, by service, 2017–2030
8.2.4 North America insurtech market, by technology, 2017–2030
8.2.5 North America insurtech market, by end use, 2017–2030
8.2.6 U.S.
8.2.6.1 U.S. insurtech market, 2017–2030
8.2.6.2 U.S. insurtech market, by type, 2017–2030
8.2.6.3 U.S. insurtech market, by service, 2017–2030
8.2.6.4 U.S. insurtech market, by technology, 2017–2030
8.2.6.5 U.S. insurtech market, by end use, 2017–2030
8.2.7 Canada
8.2.7.1 Canada insurtech market, 2017–2030
8.2.7.2 Canada insurtech market, by type, 2017–2030
8.2.7.3 Canada insurtech market, by service, 2017–2030
8.2.7.4 Canada insurtech market, by technology, 2017–2030
8.2.7.5 Canada insurtech market, by end use, 2017–2030
8.3 Europe
8.3.1 Europe insurtech market, 2017–2030
8.3.2 Europe insurtech market, by type, 2017–2030
8.3.3 Europe insurtech market, by service, 2017–2030
8.3.4 Europe insurtech market, by technology, 2017–2030
8.3.5 Europe insurtech market, by end use, 2017–2030
8.3.6 Germany
8.3.6.1 Germany insurtech market, 2017–2030
8.3.6.2 Germany insurtech market, by type, 2017–2030
8.3.6.3 Germany insurtech market, by service, 2017–2030
8.3.6.4 Germany insurtech market, by technology, 2017–2030
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8.3.6.5 Germany insurtech market, by end use, 2017–2030

8.3.7 U.K.
8.3.7.1 U.K. insurtech market, 2017–2030
8.3.7.2 U.K. insurtech market, by type, 2017–2030
8.3.7.3 U.K. insurtech market, by service, 2017–2030
8.3.7.4 U.K. insurtech market, by technology, 2017–2030
8.3.7.5 U.K. insurtech market, by end use, 2017–2030
8.4 Asia Pacific
8.4.1 Asia Pacific insurtech market, 2017–2030
8.4.2 Asia Pacific insurtech market, by type, 2017–2030
8.4.3 Asia Pacific insurtech market, by service, 2017–2030
8.4.4 Asia Pacific insurtech market, by technology, 2017–2030
8.4.5 Asia Pacific insurtech market, by end use, 2017–2030
8.4.6 China
8.4.6.1 China insurtech market, 2017–2030
8.4.6.2 China insurtech market, by type, 2017–2030
8.4.6.3 China insurtech market, by service, 2017–2030
8.4.6.4 China insurtech market, by technology, 2017–2030
8.4.6.5 China insurtech market, by end use, 2017–2030
8.4.7 India
8.4.7.1 India insurtech market, 2017–2030
8.4.7.2 India insurtech market, by type, 2017–2030
8.4.7.3 India insurtech market, by service, 2017–2030
8.4.7.4 India insurtech market, by technology, 2017–2030
8.4.7.5 India insurtech market, by end use, 2017–2030
8.4.8 Japan
8.4.8.1 Japan insurtech market, 2017–2030
8.4.8.2 Japan insurtech market, by type, 2017–2030
8.4.8.3 Japan insurtech market, by service, 2017–2030
8.4.8.4 Japan insurtech market, by technology, 2017–2030
8.4.8.5 Japan insurtech market, by end use, 2017–2030
8.5 Latin America
8.5.1 Latin America insurtech market, 2017–2030
8.5.2 Latin America insurtech market, by type, 2017–2030
8.5.3 Latin America insurtech market, by service, 2017–2030
8.5.4 Latin America insurtech market, by technology, 2017–2030
8.5.5 Latin America insurtech market, by end use, 2017–2030
8.5.6 Brazil
8.5.6.1 Brazil insurtech market, 2017–2030
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8.5.6.2 Brazil insurtech market, by type, 2017–2030

8.5.6.3 Brazil insurtech market, by service, 2017–2030
8.5.6.4 Brazil insurtech market, by technology, 2017–2030
8.5.6.5 Brazil insurtech market, by end use, 2017–2030
8.6 MEA
8.6.1 MEA insurtech market, 2017–2030
8.6.2 MEA insurtech market, by type, 2017–2030
8.6.3 MEA insurtech market, by service, 2017–2030
8.6.4 MEA insurtech market, by technology, 2017–2030
8.6.5 MEA insurtech market, by end use, 2017–2030
Chapter 9 Competitive Analysis

9.1 Recent Developments & Impact Analysis, By Key Market Participants
9.2 Company Categorization
9.3 Vendor Landscape
9.3.1 Key company market share analysis, 2022
9.4 Company Analysis Tools
9.4.1 Company Market Position Analysis
9.4.2 Competitive Dashboard Analysis
Chapter 10 Competitive Landscape

10.1 Damco Group
10.1.1 Company overview
10.1.2 Financial performance
10.1.3 Product benchmarking
10.1.4 Strategic initiatives
10.2 DXC Technology Company
10.3 Insurance Technology Services
10.4 Majesco
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10.5 Oscar Insurance
10.6 Quantemplate
10.7 Shift Technology
10.8 Trōv, Inc.
10.9 Wipro Limited
10.10 Zhongan Insurance
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Chapter 1 Methodology and Scope

1.1 Research Methodology
We implement a mix of primary and secondary research for our market estimate and forecast. The
secondary research forms the initial phase of our study, where we conduct extensive data mining,
referring to verified data sources such as independent studies, government and regulatory published
material, technical journals, trade magazines, and paid data sources. This forms the basis of our
estimates.
For forecasting, the following parameters have been considered:
 Market drivers and restraints along with their current and expected impacts
 Technological scenario and expected developments
 End-use industry trends and dynamics
 Trends in the consumer behavior
We have assigned weights to these parameters and quantified their market impacts using the
weighted average analysis to derive the expected market growth rate.
All our estimates and forecasts have been verified through exhaustive primary research with Key
Industry Participants (KIPs), which typically include:
 Universities
 Market Leading Companies
 Distributors
o Online Distributors
o Retail Stores
The key objectives of the primary research are as follows:
 To validate our data in terms of accuracy and acceptability

 To gain an insight into the current market and future expectations
1.2 Research Scope and Assumptions

 The report provides market value for the base year 2022 and a yearly forecast up to 2030 in
terms of revenue (USD Million). The market for each type, service, technology, and end use
has been provided on a regional basis for the abovementioned forecast period.
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 The key industry dynamics, regulatory scenarios, major technological trends, and application
markets have been evaluated to understand their impacts on the demand for the forecast
period. The growth rates have been estimated using correlation, regression, and time-series
analysis.
 We have used a combination of top-down and bottom-up approaches for market sizing and
analyzing key regional markets, dynamics, and trends for various types, services, technologies,
and end uses. The global market has been estimated by integrating the regional markets.
 All market estimates and forecasts have been validated through primary interviews with the
KIPs.
 Inflation has not been accounted for in order to estimate and forecast the market.
 Numbers may not add up due to rounding off.
 The North American regional market includes the U.S. and Canada.
 The European regional market includes the European Union, CIS, and other non-member
states.
 The Asia Pacific regional market includes Japan, China, India, Taiwan, South Korea, Australia,
and other Southeast Asian countries.
 The Latin American regional market includes Brazil, Mexico, Argentina, and other Latin
American countries.
 The Middle Eastern and African regional market includes Bahrain, Cyprus, Egypt, Iran, Iraq,
Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Syria, Turkey, the
United Arab Emirates, Yemen, and African countries.
1.3 List of Data Sources
Some of the secondary sources used for this report include but are not limited to:
 Insurance Technology Magazine
 Insurtech Magazine
 Insurance Journal
 National Association of Insurance Commissioners (NAIC)
 Company Annual Reports
 PitchBook Data
 Grand View Research
Some of the primary sources used for this report include but are not limited to:
Upgrade report license to gain access to the complete analysis for the aforementioned section
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Chapter 2 Executive Summary

Insurance companies across the globe are highly investing in
digitization to simplify the transaction process and improve the
functionality of insurance payment system. The adoption of
insurance technology has allowed businesses to assess risks
related to the market, counterparty credit, operation, and
Growing need for access to
liquidity.
new technologies, data
expertise techniques, and
faster solution deployment Increasing customer data and the need to monitor, manage, and
maintain it has become challenging in an organization. Thus, the
demand for digitization in business processes will rise as it helps
insurance companies in simplifying the management,
maintenance, and monitoring of their customers’ data.
The development of numerous payment processing technologies

has made the transaction process easier for the insurance
companies. The adoption of insurtech in the insurance industry
introduced ultra-customized policies by using new streams of data
from internet-connected devices. This, in turn, helps insurance
companies to dynamically price premiums based on observed
behavior of customers.
Growing consumer awareness
regarding advantages offered
by Insurtech Insurtech is significantly used in end-use industries such as BFSI,
automotive, government, manufacturing, healthcare,
transportation, and retail, since it enables the streamlining of
transaction processes. It allows businesses to easily and quickly
access the unstructured data gathered through data analytics to
achieve security goals.
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2.1 Market Snapshot
Fig.1 Market snapshot, 2022
Market Facts Market Characteristics Vendor Preview

Market Size, USD Market Attributes Market Participants
52.7%
Million
LOW MEDIUM HIGH
Degree of Innovation
Key Vendors
70,000.0
152,433.9
60,000.0
Damco Group
50,000.0 DXC Technology Company
Level of M&A Activities
40,000.0 Insurance Technology Services
30,000.0 Majesco
Source of Disruption Oscar Insurance
20,000.0
Quantemplate
10,000.0
5,449.2 Shift Technology
0.0 Impact of Regulations
2020
2021
2022 2028
2030 Trōv, Inc.
Wipro Limited
Market Growth Stage Pace of Market Growth
Product Substitutes Zhongan Insurance
HIGH ACCELERATING
Low | Medium | High | Accelerating | Decelerating
Exponential
Sources: Insurance Technology Magazine, Insurtech Magazine, Insurance Journal, NAIC, Company Annual Reports, Primary Interviews, and Grand View Research.
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2.2 Segmental Insights
Fig.2 Segmental Insights
Type Segmentation Analysis

Market opportunity by type CAGR% (2023-2030) Market Opportunity*
Auto _%
Business _%
Metal
Health _%
Home _%
Specialty _%
Travel _%
Desktop
Others _%
Mobile
Other
*Market opportunity equates to Incremental growth in value (Δ=Y2030-Y2022)
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Service Segmentation Analysis

Market opportunity by service CAGR% (2023-2030)
Market Opportunity*
Consulting _%
Support & Maintenance _%
Metal
Managed Services _%
Technology Segmentation Analysis

Market opportunity by technology
CAGR% (2023-2030) Market Opportunity*
Blockchain _%
Cloud Computing _%
IoT _%
Machine Learning _%
Robo Advisory _%
Others _%
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End Use Segmentation Analysis

Market opportunity by end use CAGR% (2023-2030)
Market Opportunity*
Automotive _%
BFSI _%
Government _%
Healthcare _%
Manufacturing _%
Retail _%
Desktop
Transportation _%
Mobile
Others _%
Other
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Regional Segmentation Analysis

Market opportunity by region CAGR% (2023-2030)
Market Opportunity*
North America _%
Europe _%
Metal
Asia Pacific _%
Latin America _%
MEA _%
Retail
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Chapter 3 Insurtech Industry Outlook

3.1 Market Segmentation and Scope
Fig.6 Market segmentation and scope
Section Description:
This section intends to provide an overview of market lineage for the study product market. We
believe covering aspects of parent market enables us to provide holistic view on the various
connected factors impacting the study market.
This section also entails in-depth analysis on variables related to value chain, technology, regulatory
frameworks and other allied market dynamics impacting the study market.
The Insurtech market has been segmented into five segments, namely type, service, technology, end
use, and region.
 In the first level, based on type, the market has been further segmented into auto, business,
health, home, specialty, travel, and others.
 In the fifth level, based on region, the market has been segmented into North America, Europe,
Asia Pacific, Latin America, and the Middle East & Africa (MEA).
o The North American regional segmentation covers the markets of the U.S. and Canada
o The European regional segmentation covers the markets of the European Union, CIS, and
other non-member states
o The Asia Pacific regional segmentation covers the markets of Japan, China, India, Taiwan,
South Korea, Australia, and other South East Asian countries
o The Latin American regional segmentation covers the markets of Brazil, Mexico, Argentina,
and other Latin American countries
o The Middle Eastern and African regional segmentation covers the markets of Bahrain,
Cyprus, Egypt, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi
Arabia, Syria, Turkey, the UAE, Yemen, and African countries.
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3.2 Insurtech Market — Value Chain Analysis
Fig.7 Insurtech market — Value chain analysis
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3.3 Insurtech Market — Market Dynamics
Every market forecast that we build considers various dimensions of market triggering factors such as product, customer
demographics, regulatory, geo-political, technology, economic, financial and competition with varied impacts over stipulated
time. These relevant factors & its impacts are closely monitored at each major country level, wherein its sensitivity results in
summation to region level forecast and henceforth reflects in global market forecast.
Market dynamics section is a key component of our report evaluating market drivers, restraints and other industry level
challenges anticipated to impact growth over forecast period (2030). Below section presents complete list of key factors
evaluated during market forecast for your understanding.
Please get in touch with us if you wish to add any additional factors to this list, We will be happy to assist you with your
requirement.
Though insurance firms’ clients seek better advisory options and digital capabilities before buying any insurance policy. This is driving the
demand for Insurtech solutions. New emerging technologies such as analytic capability, big data, mobile devices, robo advisory, and cloud
storage are increasingly used in the development of insurance solutions. Insurance firms are mainly focused on improving their operational
efficiency through consolidating and centralizing their technology application portfolios.
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analysis
Technology Regulatory
Trends Trends
Insurtech Market
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complete analysis Buyer / complete analysis
Supplier
Application
Trends
Trends
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3.3.1 Market d river analys is
3.3.1.1The growing adoption of predictive analytics
The insurance industry is undergoing significant transformation, addressing its challenges through
leveraging innovative technologies such as predictive analytics, artificial intelligence, machine
learning, and robotic process automation. The focus of insurance services has changed from the
traditional personal relationship approach to a more automated approach, emphasizing low cost
advisory service. In addition, financial advisors across the globe are observed opting for Insurtech over
wire-house operating models, which has boosted the demand for the market.
The growing volume of customer data has led to an increased demand for secure and efficient data
storage facilities. In addition, improved computing power has led to the introduction of artificial
intelligence and machine learning algorithms. Increasing passive investments and decreasing
spending by client on financial advisory services have led insurance firms to invest in technologies to
minimize operating cost and comply with regulatory scrutiny. Furthermore, clients of insurance firms
are demanding data-driven and personalized insights, which has led insurance firms to opt for big data
and analytics applications.
3.3.1.2Increasing shift towards cloud computing
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3.3.2 Market cha llenge analysis
3.3.2.1Data security and privacy concerns
Insurtech solutions also remain vulnerable to security loopholes associated with undefined data and
information risks. Businesses particularly face issues such as security breach and a majority of these
threats originate from providers. These factors are estimated to lead to increased preference among
individuals for traditional insurance processes.
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3.4 Insurtech Market — Porter’s Five Forces Analysis
Porter’s Five Forces model helps identify the key competitive forces that are affecting the market. These forces help in determining the
structure of the market and the competition level. Strong competitive forces represent that the market is less profitable owing to the presence
of entry barriers, few buyers, suppliers, and a large number of competitors as well as substitute products.
3.4.1 Threa t of new entrants
3.4.2 Bargaining power of buyers
3.4.3 Bargaining power of supplier
3.4.4 Threa t of substitutes
3.4.5 Competitive rivalry
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3.5 Insurtech Market — PESTEL Analysis
Fig.8 Insurtech market — PESTEL analysis
 Increasing regulatory pressure in the European region and reforms to the EU data protection rules for protecting enterprise data are significantly
impacting the Insurtech industry.
P Political
 The anticipated withdrawal of the U.K. from the European Union (Brexit) is expected to negatively affect the market and regulatory scenario,
thus, impeding the growth of the market over the forecast period.
 In February 2019, the Government of India approved the National Policy on Software Products - 2019, to promote and develop sustainable
software products in India. This policy is likely to help drive the Asia Pacific Insurtech market.
E Economic
S Social
T Technology
L Legal
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Chapter 4 Insurtech Type Outlook

This section intends to provide an overview of market estimates & trends by type offered by suppliers in various forms. During market size
estimation we used both top-down and bottom-up approaches to estimate and validate the overall size of the Insurtech market. The data
obtained from secondary and primary research were consolidated in finalizing the report.
Inclusion: Type included Auto, Business, Health, Home, Specialty, Travel, and Others.
Exclusion: Not applicable – we have covered all the Insurtech type that are available in the market
Insurance companies within the health domain are focusing on leveraging artificial intelligence, machine learning, and internet of things (IoT)
to deliver advanced applications, which improve customer experience and automate internal business processes. Growing demand for digital
platforms, which connects carriers, exchanges, brokers, and providers in health insurance is expected to propel the demand for the health
segment.
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Fig.9 Insurtech market, type revenue movement analysis, 2022 & 2030
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4.1 Auto
4.1.1 Auto insurtech ma rket, 2017 – 2030
Fig.10 Auto insurtech market, 2017 – 2030 (USD Million)
233.1 312.4
Sources: Insurance Technology Magazine, Insurtech Magazine, Insurance Journal, NAIC, Company Annual Reports, Primary Interviews, and Grand View
Research.
The final report will include the aforementioned figure in tabular format.
4.2 Business
4.3 Health
4.4 Home
4.5 Specialty
4.6 Travel
4.7 Others
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Chapter 5 Insurtech Service Outlook

This section intends to provide an overview of market estimates & trends by service offered by suppliers in various forms. During market
size estimation we used both top-down and bottom-up approaches to estimate and validate the overall size of the Insurtech market. The
data obtained from secondary and primary research were consolidated in finalizing the report.
Inclusion: Service included Consulting, Support & Maintenance, and Managed Services.
Exclusion: Not applicable – we have covered all the Insurtech service that are commercially available in the market
The managed services segment dominated the market for Insurtech in 2022. Managed services provide Differentiation, Agility,
Transformation and Automation (DATA) model for insurance companies, which allow insurance companies to adopt emerging technologies
for better access of their products and information, increasing personalization, and improving service opportunities.
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Fig.11 Insurtech market, service revenue movement analysis, 2022 & 2030
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5.1 Consulting
5.1.1 Insurtech consulting market, 2017–2030
Fig.12 Insurtech consulting market, 2017 – 2030 (USD Million)
374.0
500.6
Research.
5.2 Support & Maintenance
5.3 Managed Services
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Chapter 6 Insurtech Technology Outlook

This section intends to provide an overview of market estimates & trends by technology offered by suppliers in various forms. During
market size estimation we used both top-down and bottom-up approaches to estimate and validate the overall size of the insurtech market.
The data obtained from secondary and primary research were consolidated in finalizing the report.
Inclusion: Technology included Blockchain, Cloud Computing, IoT, Machine Learning, Robo Advisory, and Others.
Exclusion: Not applicable – we have covered all the Insurtech technology that are commercially available in the market
Growing consumer demand for customized and hybrid products, and rising demand for consolidating technology and core systems claims,
underwriting, and policy administration to lower the operational costs are expected to drive demand for the cloud computing segment. Cloud
computing also allows the insurance industry to manage risks and frauds.
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Fig.13 Insurtech market, technology revenue movement analysis, 2022 & 2030
40
6.1 Blockchain
6.1.1 Blockchain in i nsurtech market, 2017–2030
Fig.14 Blockchain in insurtech market, 2017 – 2030 (USD Million)
92.5
125.3
Research.
6.2 Cloud Computing
6.3 IoT
6.4 Machine Learning
6.5 Robo Advisory
6.6 Others
41
Chapter 7 Insurtech End Use Outlook

This section intends to provide an overview of market estimates & trends by end use offered by suppliers in various forms. During market
size estimation we used both top-down and bottom-up approaches to estimate and validate the overall size of the Insurtech market. The
data obtained from secondary and primary research were consolidated in finalizing the report.
Inclusion: End Use included Automotive, BFSI, Government, Healthcare, Manufacturing, Retail, Transportation, and Others.
Exclusion: Not applicable – we have covered all the end use that are commercially available in the market.
The BFSI segment dominated the market for insurtech in 2022 and is expected to maintain its dominance over the forecast period. Increased
deployment of digital platform to enable enhanced client experience and to offer advantages such as constant access to client database and
secure transactions are expected to drive the BFSI segment. The rising number of government initiatives and financial regulations across the
globe have encouraged BFSI to opt for insurtech-based solutions in order to offer enhanced customer experience.
42
Fig.15 Insurtech market, end use revenue movement analysis, 2022 & 2030
43
7.1 Automotive
7.1.1 Insurtech market in automotive , 2017–2030
Fig.16 Insurtech market in automotive, 2017 – 2030 (USD Million)
208.5 277.1
Research.
7.2 BFSI
7.3 Government
7.4 Healthcare
7.5 Manufacturing
7.6 Retail
7.7 Transportation
7.8 Others
44
Chapter 8 Insurtech Regional Outlook

This section intends to provide an overview of market estimates & trends by key countries contributing to overall regional revenue
estimations for the study product market. We have used bottom up method to arrive at base estimations wherein product penetration,
sales, and average selling prices are captured at key countries level and summed up to respective regions.
The scope includes data on all major countries spread across North America, Europe, Asia Pacific, Latin America, and Middle
East & Africa. Interest in additional countries apart from the major list can be accommodated.
In North America, the market for Insurtech accounted for the largest revenue share in the year 2022. This dominance can be attributed to
rising demand for end-to-end digital financial solutions and significant presence of technology providers. Furthermore, the flexibility and
customization offered by various insurtech products such as health, life insurance, and property allow people to choose among the best plans.
Financial institutions in the region are significantly focusing on incorporating digital capabilities into their offerings in order to maintain a
substantial competitive advantage.
45
Fig.17 Insurtech market, regional revenue movement analysis, 2022 & 2030
46
8.1.1 North America Insurtech market, 2017 – 2030
Fig.18 North America Insurtech market, 2017 – 2030 (USD Million)
410.2 545.2
8.1.2 North America insurtech market, by type, 2017 – 2030

TABLE 1 North America insurtech market, by type, 2017 – 2030 (USD Million)
CAGR (2023 –
Type 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030
30)
Auto 87.5
Business
Health
Home
Specialty
Travel
Others
Total 410.2 545.2
Sources: Bitcoin Magazine, Euromoney Magazine, FinTech Weekly Magazine, Company Annual Reports, Primary Interviews, and Grand View Research.
8.1.3 North America insurtech market, by service, 2017 – 2030

TABLE 2 North America insurtech market, by service, 2017 – 2030 (USD Million)
CAGR (2023 –
Service 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030
30)
Consulting 140.8
Support &
Maintenance
Managed
Services
Total 410.2 545.2
8.1.4 North America insurtech market , by technology, 2017 – 2030

TABLE 3 North America insurtech market, by technology, 2017 – 2030 (USD Million)
CAGR (2023 –
Technology 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030
30)
Blockchain 34.8
Cloud
Computing
IoT
Machine
Learning
Robo Advisory
Others
Total 410.2 545.2
8.1.5 North America insurtech market , by end use, 2017 – 2030

TABLE 4 North America insurtech market, by end use, 2017 – 2030 (USD Million)
CAGR (2023 –
End Use 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2030
30)
Automotive 78.4
BFSI
Government
Healthcare
Manufacturing
Retail
Transportation
Others
Total 410.2 545.2
8.1.6 North America Insurtech market estimates research methodology
Fig.19 North America Insurtech market estimates research methodology
8.1.7 U.S.
8.1.8 Canada
8.2 Europe
8.2.1 Germany
8.2.2 U.K.
8.3 Asia Pacific
8.3.1 China
8.3.2 Ind ia
8.3.3 Japan
8.4 Latin America
8.4.1 Brazil
8.5 MEA
Chapter 9 Competitive Analysis

This section intends to provide an overview of competition within study product market listing major
recent developments, company product offerings and market positioning are discussed in detail. It
also includes vendor landscape and distinctive listing for public & private companies active in the
market.
Your interest specific to additional data points can be accommodated upon request.
9.1 Recent Developments and Impact Analysis, by Key Market Participants

The competitive landscape is highly fragmented in nature. Mutual agreements, product launches, and
product upgrades are some of the key strategies adopted by the players to strengthen their market
position. For instance, in August 2018, Zhongan Technology, a subsidiary of Zhongan Insurance
launched Software-as-a-Service (SaaS) platform for insurers. The platform provides services of online
regional inspection, rapid access to medical claims data, and accurate and efficient insurance data,
which allows insurance companies to improve their operational efficiency.
Strategic Initiative/
Company Year Nature Details/Impact
Development
DXC
Technology
Company
Sources: Bitcoin Magazine, Euromoney Magazine, FinTech Weekly Magazine, Company Annual Reports, Primary Interviews, and Grand View Research
9.2 Insurtech Market – Key Company Market Share Analysis, 2022
Some of the key vendors in the Insurtech market include Damco Group; DXC Technology Company;
Majesco; Oscar Insurance; Quantemplate; Shift Technology; Trōv, Inc.; Wipro Limited; and Zhongan
51
Insurance. These companies are developing and deploying Insurtech solutions for organizations willing
to streamline their Insurance processes.
Rising demand for implementation of automation, improved communication between agents and
clients, and better personalized offerings are expected to drive the market over the forecast period.
The adoption of Insurtech in various businesses has allowed insurance companies to minimize the
risks associated with liquidity, operation, and counterparty credit. Furthermore, technologies such as
embedded analytics help insurance companies to understand market pattern, consumer behavior,
and allow them to make informed business-related decisions. These benefits of digital technologies
are creating a significant demand for the technology.
9.3 Company Market Positioning Analysis
 The key players operating in the market have been categorized into market leaders, emerging
players, and innovators on the basis of the following:
 Companies with high market share, extensive product offerings, and well-established market
presence have been categorized as market leaders.
 Companies are categorized as emerging players by the virtue of their recent developments in
terms of revenue and market presence.
 Companies characterized by new product developments and introduction of novel
technologies in the industry are categorized as innovators.
Market Leaders Emerging Players Key Innovators
 Company 1  Company 1  Company 1

 Company 2  Company 2  Company 2
Sources: Bitcoin Magazine, Euromoney Magazine, FinTech Weekly Magazine, Company Annual Reports, Primary Interviews, and Grand View Research
Analyst Review:
52
The company 1 is highly engaged in expanding their geographical presence through various
acquisitions and partnerships. The recent acquisition of company 2 allowed company 1 to expand their
footprint in Japan and other Asian regions.
Note: This section will include information related to the competitor’s position in the overall market with respect
to product penetration, regional presence, revenues, and strategic initiatives. The analysis will be backed by
various examples
9.4 Company Geographical Presence

Regional Presence
Company Name
North America Europe Asia Pacific Latin America MEA
Company 1
Company 2
Company 3
Company 4
Company 5
53
Chapter 10Competitive Landscape

10.1 DXC Technology Company

DXC Technology Company primarily involved in providing
information technology services & solutions in North
America, Australia, Asia, and Europe. In 2017, the
Key Statistics
company changed its name to DXC Technology Company
from Computer Sciences Corporation (CSC) owing to its Establishment Year: 2017
merger with Hewlett Packard Enterprise Company (HPE). Headquarters: Virginia, U.S.
The company operates through two segments, such as
Employee Strength: 130,000 (as of
Global Infrastructure Services (GIS), and Global Business March 2021)
Services (GBS). The GIS segment offers various platforms Market Significance: Insurtech Solution
and cloud services, such as the Internet of Things, Provider
mobility, and workplace services. The GBS segment

provides various consulting, cloud applications, and enterprise services such as business processes,
analytics, and application services. The company offers its services and solutions to various industries
such as life sciences, healthcare, banking, and insurance, among others. DXC Technology Company
has established more than 250 industry global partner network relationships, which also includes 15
strategic partners. The company’s strategic partners include IBM Corporation, Hewlett Packard
Enterprise Company (HPE), Microsoft Corporation, Oracle, and ServiceNow, among others.


10.1.4 Strategic initia tives

54
10.2 Damco Group
10.3 Insurance Technology Services
10.4 Majesco
10.5 Oscar Insurance
10.6 Quantemplate
10.7 Shift Technology
10.8 Trōv, Inc.
10.9 Wipro Limited
10.10Zhongan Insurance
55
Methodology and Scope

Fig.20 Methodology
Market size derived through parent market Market size derived or validated through
Top Down lineage & its trend and verified through key Demand Model consumption of study product into each
vendors application or end-user industry
Market sized based on key market Market size derived or validated based
Peer Market
Bottom up participants product offering, revenue, & on peer market or adjacent market’s
geographic presence Comparison output or sales comparison
Market size based on macro & micro Market size derived & validated through
Input Elements
Econometric Model economic variables & its impact on study various raw material consumed in the
product market through weights Model manufacturing process
Market estimation built on integrating

Hybrid Model two or more of methods mentioned
above
During market size estimation we used both top-down and bottom-up approaches to estimate and validate
the overall size of the Insurtech market. The data obtained from secondary and primary research were
consolidated in finalizing the report.
56
Research Workflow
Fig.21 Various stages of research workflow
57
Information Procurement
Fig.22 Information procurement
58
Information procurement is one of the most extensive stages in our research process. As illustrated in
the figure above, the techniques can broadly be categorized into five sections, as stated below:
PURCHASED DATABASE
 Includes company databases such as Factiva: This helps us compile metadata on historical
sales volumes, prices, company revenues, and other industry statistics. Also, it serves as an
important step in market sizing, especially, in case of commodity-flow techniques
 Other sources include SME journals, pertinent databases from third-party vendors to gain
insights into:
o Usage rates
o Potential market-related statistics
o Information on unmet needs
o Regional expenditure pattern
o Investment information or opportunity-based statistics
GVR’S INTERNAL DATABASE

 Includes our internal database of data points, collected as a result of previous research &
studies and information made available via our database management team
 Also includes internal audit reports & archives
SECONDARY SOURCES
 A list of secondary sources along with the information extracted from them will be available in
the final deliverable.
 Sources consulted during preliminary phase include Insurance Technology Magazine, Insurtech
Magazine, Company Investor Presentations, and Company Websites
 Notable examples include white papers, government statistics published by organizations like
insurance technology publications, company filings, investor documents etc.
 Secondary databases are aimed at gathering market intel, historical statistics, and product
classifications to understand trends available through public domains.
THIRD PARTY PERSPECTIVE

 This section includes market derivation through investor analyst reports, broker reports,
academic commentary, government quotes & insurtech publications.
59
PRIMARY RESEARCH
Primary research pattern
Interviews with raw material

suppliers and manufacturers
Interview Scope
The primary interviews ▶ Research tools: Questionnaire
and surveys derive based research and telephonic
directions from extensive discussions
Interviews with manufacturers,
secondary research. ▶ Database: Paid vendors,
distributors, researchers and LinkedIn, Hoover’s, Factiva,
Secondary research is a representatives of regulatory Sources extracted from previous
continuous process and is bodies pertinent studies
conducted at each level ▶ Regional scope: All countries
within the scope of the study.
along the value chain. Interviews of KoLs from non-
English speaking countries are
conducted via our vendors and
Interviews with industry experts
questionnaires
& independent consultants
INFORMATION ANALYSIS & DATA ANALYSIS MODELS

Information procured from secondary and primary initiatives are then, analyzed by using the following
tools/models: (a partial list)
 Identifying variables and establishing market impact

 Establishing market trends
 Analyzing future opportunities and market penetration rates by understanding product
commercialization, regional expansion etc.
 Analyzing changes in the industry dynamics to establish future growth
 Analyzing sustainability strategies adhered by market participants in an attempt to determine
future course of the market
 Analyzing historical market trends and super-imposing them on the current and future
variables to determine year-on-year trend
 Keeping a track of technological advancements in individual segments
 Base numbers are established by analyzing the following:
- Company revenues and market share (this list generally includes the analysis of
revenue published by publicly listed manufacturers)
- Derivation of market estimates via analyzing parent and ancillary markets
60
 Model selection: demand-based bottom-up approach and mixed approach (top down and
bottom up)
MARKET FORMULATION & VALIDATION
Primary research pattern
61
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Annexure:
List of Figures
FIG. 1 Market segmentation and scope
FIG. 2 Global insurtech market, 2017–2030 (USD Million)
FIG. 3 Insurtech market — Value chain analysis
FIG. 4 Insurtech market dynamics
FIG. 5 Key opportunities prioritized
FIG. 6 Insurtech market — Key company market share analysis, 2022
FIG. 7 Insurtech market — Porter’s five forces analysis
FIG. 8 Insurtech market — PESTEL analysis
FIG. 9 Insurtech market, by type, 2022
FIG. 10 Insurtech market, by service, 2022
FIG. 11 Insurtech market, by technology, 2022
FIG. 12 Insurtech market, by end use, 2022
FIG. 13 Insurtech market, by region, 2022
FIG. 14 Insurtech market - Regional takeaways
FIG. 15 North America insurtech market — Key takeaways
FIG. 16 Europe insurtech market — Key takeaways
FIG. 17 Asia Pacific insurtech market — Key takeaways
FIG. 18 Latin America insurtech market - Key takeaways
FIG. 19 MEA insurtech market - Key takeaways
List of Tables
TABLE 1 Insurtech market — Industry snapshot & key buying criteria, 2017–2030
TABLE 2 Global insurtech market, 2017–2030 (USD Million)
TABLE 3 Global insurtech market, by region, 2017–2030 (USD Million)
TABLE 4 Global insurtech market, by type, 2017–2030 (USD Million)
TABLE 5 Global insurtech market, by service, 2017–2030 (USD Million)
TABLE 6 Global insurtech market, by technology, 2017–2030 (USD Million)
TABLE 7 Global insurtech market, by end use, 2017–2030 (USD Million)
TABLE 8 Vendor landscape
TABLE 9 Insurtech market — Key market driver impact
TABLE 10 Insurtech market — Key market restraint impact
TABLE 11 Auto insurtech market, 2017–2030 (USD Million)
TABLE 12 Auto insurtech market, by region, 2017–2030 (USD Million)
TABLE 13 Business insurtech market, 2017–2030 (USD Million)
TABLE 14 Business insurtech market, by region, 2017–2030 (USD Million)
TABLE 15 Health insurtech market, 2017–2030 (USD Million)
66
TABLE 16 Health insurtech market, by region, 2017–2030 (USD Million)

TABLE 17 Home insurtech market, 2017–2030 (USD Million)
TABLE 18 Home insurtech market, by region, 2017–2030 (USD Million)
TABLE 19 Specialty insurtech market, 2017–2030 (USD Million)
TABLE 20 Specialty insurtech market, by region, 2017–2030 (USD Million)
TABLE 21 Travel insurtech market, 2017–2030 (USD Million)
TABLE 22 Travel insurtech market, by region, 2017–2030 (USD Million)
TABLE 23 Other insurtech market, 2017–2030 (USD Million)
TABLE 24 Other insurtech market, by region, 2017–2030 (USD Million)
TABLE 25 Insurtech consulting services market, 2017–2030 (USD Million)
TABLE 26 Insurtech consulting services market, by region, 2017–2030 (USD Million)
TABLE 27 Insurtech managed services market, 2017–2030 (USD Million)
TABLE 28 Insurtech managed services market, by region, 2017–2030 (USD Million)
TABLE 29 Insurtech support & maintenance services market, 2017–2030 (USD Million)
TABLE 30 Insurtech support & maintenance services market, by region, 2017–2030 (USD Million)
TABLE 31 Blockchain in insurtech market, 2017–2030 (USD Million)
TABLE 32 Blockchain in insurtech market, by region, 2017–2030 (USD Million)
TABLE 33 Cloud computing in insurtech market, 2017–2030 (USD Million)
TABLE 34 Cloud computing in insurtech market, by region, 2017–2030 (USD Million)
TABLE 35 IoT in insurtech market, 2017–2030 (USD Million)
TABLE 36 IoT in insurtech market, by region, 2017–2030 (USD Million)
TABLE 37 Machine learning in insurtech market, 2017–2030 (USD Million)
TABLE 38 Machine learning in insurtech market, by region, 2017–2030 (USD Million)
TABLE 39 Robo advisory in insurtech market, 2017–2030 (USD Million)
TABLE 40 Robo advisory in insurtech market, by region, 2017–2030 (USD Million)
TABLE 41 Other insurtech technologies market, 2017–2030 (USD Million)
TABLE 42 Other insurtech technologies market, by region, 2017–2030 (USD Million)
TABLE 43 Insurtech market in automotive, 2017–2030 (USD Million)
TABLE 44 Insurtech market in automotive, by region, 2017–2030 (USD Million)
TABLE 45 Insurtech market in BFSI, 2017–2030 (USD Million)
TABLE 46 Insurtech market in BFSI, by region, 2017–2030 (USD Million)
TABLE 47 Insurtech market in government, 2017–2030 (USD Million)
TABLE 48 Insurtech market in government, by region, 2017–2030 (USD Million)
TABLE 49 Insurtech market in healthcare, 2017–2030 (USD Million)
TABLE 50 Insurtech market in healthcare, by region, 2017–2030 (USD Million)
TABLE 51 Insurtech market in manufacturing, 2017–2030 (USD Million)
TABLE 52 Insurtech market in manufacturing, by region, 2017–2030 (USD Million)
TABLE 53 Insurtech market in retail, 2017–2030 (USD Million)
TABLE 54 Insurtech market in retail, by region, 2017–2030 (USD Million)
67
TABLE 55 Insurtech market in transportation, 2017–2030 (USD Million)

TABLE 56 Insurtech market in transportation, by region, 2017–2030 (USD Million)
TABLE 57 Insurtech market in other end use, 2017–2030 (USD Million)
TABLE 58 Insurtech market in other end use, by region, 2017–2030 (USD Million)
TABLE 59 North America insurtech market, 2017–2030 (USD Million)
TABLE 60 North America insurtech market, by type, 2017–2030 (USD Million)
TABLE 61 North America insurtech market, by service, 2017–2030 (USD Million)
TABLE 62 North America insurtech market, by technology, 2017–2030 (USD Million)
TABLE 63 North America insurtech market, by end use, 2017–2030 (USD Million)
TABLE 64 U.S. insurtech market, 2017–2030 (USD Million)
TABLE 65 U.S. insurtech market, by type, 2017–2030 (USD Million)
TABLE 66 U.S. insurtech market, by service, 2017–2030 (USD Million)
TABLE 67 U.S. insurtech market, by technology, 2017–2030 (USD Million)
TABLE 68 U.S. insurtech market, by end use, 2017–2030 (USD Million)
TABLE 69 Canada insurtech market, 2017–2030 (USD Million)
TABLE 70 Canada insurtech market, by type, 2017–2030 (USD Million)
TABLE 71 Canada insurtech market, by service, 2017–2030 (USD Million)
TABLE 72 Canada insurtech market, by technology, 2017–2030 (USD Million)
TABLE 73 Canada insurtech market, by end use, 2017–2030 (USD Million)
TABLE 74 Europe insurtech market, 2017–2030 (USD Million)
TABLE 75 Europe insurtech market, by type, 2017–2030 (USD Million)
TABLE 76 Europe insurtech market, by service, 2017–2030 (USD Million)
TABLE 77 Europe insurtech market, by technology, 2017–2030 (USD Million)
TABLE 78 Europe insurtech market, by end use, 2017–2030 (USD Million)
TABLE 79 Germany insurtech market, 2017–2030 (USD Million)
TABLE 80 Germany insurtech market, by type, 2017–2030 (USD Million)
TABLE 81 Germany insurtech market, by service, 2017–2030 (USD Million)
TABLE 82 Germany insurtech market, by technology, 2017–2030 (USD Million)
TABLE 83 Germany insurtech market, by end use, 2017–2030 (USD Million)
TABLE 84 U.K. insurtech market, 2017–2030 (USD Million)
TABLE 85 U.K. insurtech market, by type, 2017–2030 (USD Million)
TABLE 86 U.K. insurtech market, by service, 2017–2030 (USD Million)
TABLE 87 U.K. insurtech market, by technology, 2017–2030 (USD Million)
TABLE 88 U.K. insurtech market, by end use, 2017–2030 (USD Million)
TABLE 89 Asia Pacific insurtech market, 2017–2030 (USD Million)
TABLE 90 Asia Pacific insurtech market, by type, 2017–2030 (USD Million)
TABLE 91 Asia Pacific insurtech market, by service, 2017–2030 (USD Million)
TABLE 92 Asia Pacific insurtech market, by technology, 2017–2030 (USD Million)
TABLE 93 Asia Pacific insurtech market, by end use, 2017–2030 (USD Million)
68
TABLE 94 China insurtech market, 2017–2030 (USD Million)

TABLE 95 China insurtech market, by type, 2017–2030 (USD Million)
TABLE 96 China insurtech market, by service, 2017–2030 (USD Million)
TABLE 97 China insurtech market, by technology, 2017–2030 (USD Million)
TABLE 98 China insurtech market, by end use, 2017–2030 (USD Million)
TABLE 99 India insurtech market, 2017–2030 (USD Million)
TABLE 100 India insurtech market, by type, 2017–2030 (USD Million)
TABLE 101 India insurtech market, by service, 2017–2030 (USD Million)
TABLE 102 India insurtech market, by technology, 2017–2030 (USD Million)
TABLE 103 India insurtech market, by end use, 2017–2030 (USD Million)
TABLE 104 Japan insurtech market, 2017–2030 (USD Million)
TABLE 105 Japan insurtech market, by type, 2017–2030 (USD Million)
TABLE 106 Japan insurtech market, by service, 2017–2030 (USD Million)
TABLE 107 Japan insurtech market, by technology, 2017–2030 (USD Million)
TABLE 108 Japan insurtech market, by end use, 2017–2030 (USD Million)
TABLE 109 Latin America insurtech market, 2017–2030 (USD Million)
TABLE 110 Latin America insurtech market, by type, 2017–2030 (USD Million)
TABLE 111 Latin America insurtech market, by service, 2017–2030 (USD Million)
TABLE 112 Latin America insurtech market, by technology, 2017–2030 (USD Million)
TABLE 113 Latin America insurtech market, by end use, 2017–2030 (USD Million)
TABLE 114 Brazil insurtech market, 2017–2030 (USD Million)
TABLE 115 Brazil insurtech market, by type, 2017–2030 (USD Million)
TABLE 116 Brazil insurtech market, by service, 2017–2030 (USD Million)
TABLE 117 Brazil insurtech market, by technology, 2017–2030 (USD Million)
TABLE 118 Brazil insurtech market, by end use, 2017–2030 (USD Million)
TABLE 119 MEA insurtech market, 2017–2030 (USD Million)
TABLE 120 MEA insurtech market, by type, 2017–2030 (USD Million)
TABLE 121 MEA insurtech market, by service, 2017–2030 (USD Million)
TABLE 122 MEA insurtech market, by technology, 2017–2030 (USD Million)
TABLE 123 MEA insurtech market, by end use, 2017–2030 (USD Million)
69
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Insurtech

MARKET ANALYSIS FROM 2017 TO 2030

BASE YEAR: 2022

With a deep-seated understanding of many business environments, Grand View Research

Market by Service: Consulting, Support & Maintenance, and Managed Services

Market by End Use: Automotive, BFSI, Government, Healthcare, Manufacturing, Retail,

Copyright © 2023 Grand View Research, Inc., USA

Market Voice : Key Opinions

“Market players are focusing on initiatives such as acquisitions, new

Top 3 Trends : Key Takeaways

Increasing number of internet-connected devices across the globe allow insurance

Research Methodology Report FAQs

You will gain access to the How will it benefit me?

Chapter 1 Methodology and Scope

Chapter 2 Executive Summary

Chapter 3 Insurtech Industry Outlook

Chapter 4 Insurtech Type Outlook

4.7.1 Travel insurtech market, 2017–2030

Chapter 5 Insurtech Service Outlook

Chapter 6 Insurtech Technology Outlook

Chapter 7 Insurtech End Use Outlook

7.6.1 Insurtech in manufacturing, 2017–2030

Chapter 8 Insurtech Regional Outlook

8.3.6.5 Germany insurtech market, by end use, 2017–2030

8.5.6.2 Brazil insurtech market, by type, 2017–2030

Chapter 9 Competitive Analysis

Chapter 10 Competitive Landscape

10.4.3 Product benchmarking

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Chapter 1 Methodology and Scope

For forecasting, the following parameters have been considered:

 To validate our data in terms of accuracy and acceptability

1.2 Research Scope and Assumptions

1.3 List of Data Sources

Chapter 2 Executive Summary

The development of numerous payment processing technologies

2.1 Market Snapshot

Fig.1 Market snapshot, 2022

Market Facts Market Characteristics Vendor Preview

2.2 Segmental Insights

Fig.2 Segmental Insights

Type Segmentation Analysis

*Market opportunity equates to Incremental growth in value (Δ=Y2030-Y2022)

Fig.3 Segmental Insights

Service Segmentation Analysis

Support & Maintenance _%

Technology Segmentation Analysis

Fig.4 Segmental Insights

End Use Segmentation Analysis

*Market opportunity equates to Incremental growth in value (Δ=Y2030-Y2022)

Fig.5 Segmental Insights

Regional Segmentation Analysis

*Market opportunity equates to Incremental growth in value (Δ=Y2030-Y2022)

Chapter 3 Insurtech Industry Outlook

Fig.6 Market segmentation and scope

3.2 Insurtech Market — Value Chain Analysis

Fig.7 Insurtech market — Value chain analysis

3.3 Insurtech Market — Market Dynamics

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3.3.1 Market d river analys is

3.3.1.1The growing adoption of predictive analytics