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Insurtech Market Structure, Industry Inspection, and Forecast 2028

Significant increase in the data generation coupled with increasing adoption of wearable tech, rising use of social media to identify gaps and offer improved customer services provide numerous growth opportunities for the market. The growing adoption of smartphones and other mobile devices combined with reducing data storage costs also fuels the market growth.

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Insurtech Market Structure, Industry Inspection, and Forecast 2028

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  1. Insurtech Market Market Size Worth $45.09 Billion By 2028 | CAGR: 42.9%

  2. Insurtech Market Size Worth $45.09 Billion By 2028 “According to Polaris Market Research report, Insurtech is one of the rapidly evolving industry and the global Insurtech Market is estimated to reach $45.09 Billion By 2028 registering a healthy CAGR of 42.9% over the forecast period 2021 to 2028” The global Insurtech Market is driven by certain key factors such as technological innovation in the Insurtech industry, favorable regulatory scenario encouraging market players to develop new products, and efforts by manufacturers to boost the adoption of their offerings. Additionally, industry players are working on business expansion to target untapped markets and managing to deliver their products & services worldwide to augment their revenues. Insurtech Market Report Scope: The research report covers the segmentation of the Insurtech Market based on Deployment Model, Insurance Type, End-Use, Technology and region. Analysis of each of the segments projects the snapshot of the market over the forecast years includes the inclination of the market revenue, prevailing patterns, and emerging trends. Increasing consumer awareness regarding products coupled with a rise in disposable income is projected to propel the growth of the Insurtech Market over the forecast period. - 2 -

  3. Insurtech Market Size Worth $45.09 Billion By 2028 By Deployment By Insurance Type By End-Use By Technology By Region Model •On-Premise •Cloud-Based •Commercial Insurance •Property and Casualty Insurance •Health Insurance •Life Insurance •Others •BFSI •Healthcare •Manufacturing •Government •Retail •Transportation •Others •Cloud Computing •Blockchain •Big Data and Analytics •Artificial Intelligence •IoT •Machine Learning •Others •North America (U.S., Canada) •Europe (France, Germany, UK, Italy, Spain, Netherlands, Austria) •Asia Pacific (Japan, China, India, Malaysia, Indonesia, South Korea) •Latin America (Brazil, Mexico, Argentina) •Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa) Browse Detailed Research Report On Insurtech Market Analysis: https://www.polarismarketresearch.com/industry-analysis/insurtech-market Regional Outlook North America is anticipated to witness a significant growth rate with major revenue contribution in the Insurtech Market during the forecast period. Major factors influencing the regional market growth include improved infrastructural facilities, positive government initiatives, and the presence of established market players. The Insurtech Market in the Asia Pacific region is projected to grow at a substantial rate over the forecast period. The regional growth is attributed to increasing investments by leading companies to bring innovation in Insurtech industry and attract a large consumer base from leading economies such as India and China. - 3 -

  4. Insurtech Market Size Worth $45.09 Billion By 2028 Gain access to our latest research report that includes a detailed analysis of the COVID-19 pandemic influencing the Insurtech market and how market players devising effective strategies to mitigate the effect of the pandemic: https://www.polarismarketresearch.com/industry-analysis/insurtech-market/speak-to-analyst Competitive Landscape According to Polaris Market Research, the key players with a considerable market share in the Insurtech Market include (Wipro Limited, DXC Technology Company, Zhongan Insurance, Friendsurance, Shift Technology, Quantemplate, GetInsured, Insurance Technology Services, Analyze RE, Majesco, Allay, Damco Group, Bayzat, and Claim DI.). Companies are focusing on R&D activities and strategic collaborations to improve their product portfolio and increase consumer base. Adoption of the latest technologies and product advancement is the key strategy adopted by leading market players. Request for sample: https://www.polarismarketresearch.com/industry-analysis/insurtech- market/request-for-sample Table of Contents 1.Introduction 1.1.Report Description 1.1.1.Objectives of the Study 1.1.2.Market Scope 1.1.3.Assumptions 1.2.Stakeholders 2.Executive Summary 2.1.Market Highlights 3.Research Methodology 3.1.Overview 3.1.1.Data Mining 3.2.Data Sources 3.2.1.Primary Sources 3.2.2.Secondary Sources 4.Insurtech Market Insights 4.1.Insurtech – Industry snapshot 4.2.Insurtech Market Dynamics - 4 -

  5. Insurtech Market Size Worth $45.09 Billion By 2028 4.2.1.Drivers and Opportunities 4.2.1.1. 4.2.1.2. 4.2.2.Restraints and Challenges 4.2.2.1. 4.3.Porter’s Five Forces Analysis 4.3.1.Bargaining Power of Suppliers (Moderate) 4.3.2.Threats of New Entrants: (Low) 4.3.3.Bargaining Power of Buyers (Moderate) 4.3.4.Threat of Substitute (Moderate) 4.3.5.Rivalry among existing firms (High) 4.4.PESTLE Analysis 4.5.Insurtech Market Industry trends 5.Insurtech Market Assessment by Deployment Type 5.1.Key Findings 5.2.Introduction 5.2.1.Global Insurtech Market, By Deployment Type, 2016 – 2028 (USD Million) 5.3.On-Premise 5.3.1.Global Insurtech Market, by On-Premise, by Region, 2016 - 2028 (USD Million) 5.4.Cloud 5.4.1.Global Insurtech Market, by Cloud, by Region, 2016 - 2028 (USD Million) 6.Global Insurtech Market, by Insurance Type 6.1.Key Findings 6.2.Introduction 6.2.1.Global Insurtech Market, By Insurance Type, 2016 – 2028 (USD Million) 6.3.Commercial Insurance 6.3.1.Global Insurtech Market, by Commercial Insurance, By Region, 2016 - 2028 (USD Million) 6.4.Property and Casualty Insurance 6.4.1.Global Insurtech Market, by Property and Casualty Insurance, by Region, 2016 - 2028 (USD Million) 6.5.Health Insurance 6.5.1.Global Insurtech Market, by Health Insurance, by Region, 2016 - 2028 (USD Million) 6.6.Life Insurance 6.6.1.Global Insurtech Market, by Life Insurance, by Region, 2016 - 2028 (USD Million) 6.7.Others 6.7.1.Global Insurtech Market, by Other Insurance Types, by Region, 2016 - 2028 (USD Million) 7.Global Insurtech Market, by Technology Increasing demand in the end-use industries Growing spending in the healthcare industry Presence of alternatives - 5 -

  6. Insurtech Market Size Worth $45.09 Billion By 2028 7.1.Key Findings 7.2.Introduction 7.2.1.Global Insurtech Market, By Technology, 2016 – 2028 (USD Million) 7.3.Cloud Computing 7.3.1.Global Insurtech Market, by Cloud Computing, By Region, 2016 - 2028 (USD Million) 7.4.Blockchain 7.4.1.Global Insurtech Market, by Blockchain, By Region, 2016 - 2028 (USD Million) 7.5.Big Data and Analytics 7.5.1.Global Insurtech Market, by Big Data and Analytics, By Region, 2016 - 2028 (USD Million) 7.6.Artificial Intelligence 7.6.1.Global Insurtech Market, by Artificial Intelligence, By Region, 2016 - 2028 (USD Million) 7.7.IoT 7.7.1.Global Insurtech Market, by IoT, by Region, 2016 - 2028 (USD Million) 7.8.Machine Learning 7.8.1.Global Insurtech Market, by Machine Learning, By Region, 2016 - 2028 (USD Million) 7.9.Others 7.9.1.Global Insurtech Market, by Other Technologies, By Region, 2016 - 2028 (USD Million) 8.Insurtech Market Assessment by End-Use 8.1.Key Findings 8.2.Introduction 8.2.1.Global Insurtech Market, By End-Use, 2016 – 2028 (USD Million) 8.3.BFSI 8.3.1.Global Insurtech Market, by BFSI, by Region, 2016 - 2028 (USD Million) 8.4.Healthcare 8.4.1.Global Insurtech Market, by Healthcare, by Region, 2016 - 2028 (USD Million) 8.5.Manufacturing 8.5.1.Global Insurtech Market, by Manufacturing, by Region, 2016 - 2028 (USD Million) 8.6.Government 8.6.1.Global Insurtech Market, by Government, by Region, 2016 - 2028 (USD Million) 8.7.Retail 8.7.1.Global Insurtech Market, by Retail, by Region, 2016 - 2028 (USD Million) 8.8.Transportation 8.8.1.Global Insurtech Market, by Transportation, by Region, 2016 - 2028 (USD Million) 8.9.Others - 6 -

  7. Insurtech Market Size Worth $45.09 Billion By 2028 8.9.1.Global Insurtech Market, by Other End-Uses, by Region, 2016 - 2028 (USD Million) 9.Insurtech Market Assessment by Geography 9.1.Key findings 9.2.Introduction 9.2.1.Insurtech Market Assessment, By Geography, 2016 - 2028 (USD Million) 9.3.Insurtech Market – North America 9.3.1.North America: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.3.2.North America: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.3.3.North America: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.3.4.North America: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.3.5.Insurtech Market – U.S. 9.3.5.1. U.S.: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.3.5.2. U.S.: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.3.5.3. U.S.: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.3.5.4. U.S.: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.3.6.Insurtech Market – Canada 9.3.6.1. Canada: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.3.6.2. Canada.: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.3.6.3. Canada: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.3.6.4. Canada: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.Insurtech Market – Europe 9.4.1.Europe: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.2.Europe: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.3.Europe: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.4.Europe: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.5.Insurtech Market – UK 9.4.5.1. UK: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.5.2. UK: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.5.3. UK: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.5.4. UK: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.6.Insurtech Market – France 9.4.6.1. France: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.6.2. France: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.6.3. France: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.6.4. France: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.7.Insurtech Market – Germany 9.4.7.1. Germany: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.7.2. Germany: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.7.3. Germany: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.7.4. Germany: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.8.Insurtech Market – Italy - 7 -

  8. Insurtech Market Size Worth $45.09 Billion By 2028 9.4.8.1. 9.4.8.2. 9.4.8.3. 9.4.8.4. 9.4.9.Insurtech Market – Spain 9.4.9.1. 9.4.9.2. 9.4.9.3. 9.4.9.4. 9.4.10.Insurtech Market – Netherlands 9.4.10.1. Netherlands: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.10.2. Netherlands: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.10.3. Netherlands: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.10.4. Netherlands: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.4.11.Insurtech Market – Austria 9.4.11.1. Austria: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.4.11.2. Austria: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.4.11.3. Austria: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.4.11.4. Austria: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.Insurtech Market – Asia-Pacific 9.5.1.Asia Pacific: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.2.Asia Pacific: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.3.Asia-pacific: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.4.Asia-pacific: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.5.Insurtech Market – China 9.5.5.1. China: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.5.2. China: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.5.3. China: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.5.4. China: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.6.Insurtech Market – India 9.5.6.1. India: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.6.2. India: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.6.3. India: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.6.4. India: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.7.Insurtech Market – Malaysia 9.5.7.1. Malaysia: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.7.2. Malaysia: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.7.3. Malaysia: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.7.4. Malaysia: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.8.Insurtech Market – Japan 9.5.8.1. Japan: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.8.2. Japan: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.8.3. Japan: Insurtech Market, By Technology, 2016 - 2028 (USD Million) Italy: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) Italy: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) Italy: Insurtech Market, By Technology, 2016 - 2028 (USD Million) Italy: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) Spain: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) Spain: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) Spain: Insurtech Market, By Technology, 2016 - 2028 (USD Million) Spain: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) - 8 -

  9. Insurtech Market Size Worth $45.09 Billion By 2028 9.5.8.4. 9.5.9.Insurtech Market – Indonesia 9.5.9.1. Indonesia: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.9.2. Indonesia: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.9.3. Indonesia: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.9.4. Indonesia: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.5.10.Insurtech Market – South Korea 9.5.10.1. South Korea: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.5.10.2. South Korea: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.5.10.3. South Korea: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.5.10.4. South Korea: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.6.Insurtech Market – Middle East & Africa 9.6.1.Middle East & Africa: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.6.2.Middle East & Africa: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.6.3.Middle East & Africa: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.6.4.Middle East & Africa: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.6.5.Insurtech Market – Saudi Arabia 9.6.5.1. Saudi Arabia: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.6.5.2. Saudi Arabia: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.6.5.3. Saudi Arabia: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.6.5.4. Saudi Arabia: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.6.6.Insurtech Market – UAE 9.6.6.1. UAE: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.6.6.2. UAE: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.6.6.3. UAE: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.6.6.4. UAE: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.6.7.Insurtech Market – Israel 9.6.7.1. Israel: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.6.7.2. Israel: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.6.7.3. Israel: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.6.7.4. Israel: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.6.8.Insurtech Market – South Africa 9.6.8.1. South Africa: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.6.8.2. South Africa: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.6.8.3. South Africa: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.6.8.4. South Africa: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.7.Insurtech Market – Latin America 9.7.1.Latin America: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.7.2.Latin America: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.7.3.Latin America: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.7.4.Latin America: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 9.7.5.Insurtech Market – Mexico Japan: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) - 9 -

  10. Insurtech Market Size Worth $45.09 Billion By 2028 9.7.5.1. 9.7.5.2. 9.7.5.3. 9.7.5.4. 9.7.6.Insurtech Market – Brazil 9.7.6.1. 9.7.6.2. 9.7.6.3. 9.7.6.4. 9.7.7.Insurtech Market – Argentina 9.7.7.1. Argentina: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) 9.7.7.2. Argentina: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) 9.7.7.3. Argentina: Insurtech Market, By Technology, 2016 - 2028 (USD Million) 9.7.7.4. Argentina: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) 10.Competitive Landscape 10.1. Expansion and Acquisition Analysis 10.1.1.Expansion 10.2. Partnerships/Collaborations/Agreements/Exhibitions 11.Company Profiles 11.1. Oscar Insurance 11.1.1.Company Overview 11.1.2.Financial Performance 11.1.3.Services Benchmarking 11.1.4.Recent Development 11.2. Tr?v, Inc. 11.2.1.Company Overview 11.2.2.Financial Performance 11.2.3.Services Benchmarking 11.2.4.Recent Development 11.3. Wipro Limited 11.3.1.Company Overview 11.3.2.Financial Performance 11.3.3.Services Benchmarking 11.3.4.Recent Development 11.4. DXC Technology Company 11.4.1.Company Overview 11.4.2.Financial Performance 11.4.3.Services Benchmarking 11.4.4.Recent Development 11.5. Zhongan Insurance 11.5.1.Company Overview Mexico: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) Mexico: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) Mexico: Insurtech Market, By Technology, 2016 - 2028 (USD Million) Mexico: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) Brazil: Insurtech Market, By Deployment Type, 2016 - 2028 (USD Million) Brazil: Insurtech Market, By Insurance Type, 2016 - 2028 (USD Million) Brazil: Insurtech Market, By Technology, 2016 - 2028 (USD Million) Brazil: Insurtech Market, By End-Use, 2016 - 2028 (USD Million) - 10 -

  11. Insurtech Market Size Worth $45.09 Billion By 2028 11.5.2.Financial Performance 11.5.3.Services Benchmarking 11.5.4.Recent Development 11.6. Friendsurance 11.6.1.Company Overview 11.6.2.Financial Performance 11.6.3.Services Benchmarking 11.6.4.Recent Development 11.7. Shift Technology 11.7.1.Company Overview 11.7.2.Financial Performance 11.7.3.Services Benchmarking 11.7.4.Recent Development 11.8. Quantemplate 11.8.1.Company Overview 11.8.2.Financial Performance 11.8.3.Services Benchmarking 11.8.4.Recent Development 11.9. GetInsured 11.9.1.Company Overview 11.9.2.Financial Performance 11.9.3.Services Benchmarking 11.9.4.Recent Development 11.10. Insurance Technology Services 11.10.1. Company Overview 11.10.2. Financial Performance 11.10.3. Services Benchmarking 11.10.4. Recent Development Access Press Release on Insurtech Market: https://www.polarismarketresearch.com/press- releases/insurtech-market About Polaris Market Research Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly - 11 -

  12. Insurtech Market Size Worth $45.09 Billion By 2028 competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com - 12 -

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