Insurtech Market Size 2025-2029
The insurtech market size is forecast to increase by USD 114.39 billion, at a CAGR of 43.6% between 2024 and 2029. The market is experiencing significant growth, driven by the increasing need for businesses to enhance operational efficiency in the insurance sector. Traditional insurance processes are being revolutionized through digital transformation, leading to increased productivity and customer satisfaction.
Major Market Trends & Insights
- North America dominated the market and contributed 51% to the growth during the forecast period.
- The market is expected to grow significantly in Europe region as well over the forecast period.
- Based on the Application, the Marketing and distribution segment led the market and was valued at USD 9.02 billion of the global revenue in 2023.
- Based on the Deployment, the On-premises segment accounted for the largest market revenue share in 2023.
Market Size & Forecast
- Future Opportunities: USD 114.39 Billion
- CAGR (2024-2029): 43.6%
- North America: Largest market in 2023
The market continues to evolve, driven by advancements in technology and shifting customer expectations. Digital insurance solutions are revolutionizing the industry, with data analytics playing a pivotal role in shaping pricing strategies. Cloud computing enables insurtech platforms to offer enhanced customer experience and retention through personalized offerings. IoT sensors, wearable technology, and natural language processing are transforming risk assessment, while AI algorithms and machine learning optimize claims management and process automation. Search engine optimization and marketing automation enhance digital distribution, reaching customers more effectively. Insurtech startups are disrupting traditional insurance models with innovative solutions, such as peer-to-peer insurance and usage-based insurance.
What will be the Size of the Insurtech Market during the forecast period?
Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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Remote monitoring and predictive modeling enable cost reduction and improved operational efficiency. Blockchain technology and API integrations ensure secure data exchange and streamlined policy administration. The market's continuous dynamism is further reflected in the integration of big data, financial modeling, and fraud detection, all aimed at enhancing sales growth and risk management. The ongoing digital transformation of the insurance sector is reshaping the industry landscape, with M&A activity and on-demand insurance models further fueling the market's evolution.
Moreover, strategic collaborations between investors and Insurtech firms are fueling innovation and investment in this sector. However, the high cost of investment remains a challenge for new entrants, requiring a substantial financial commitment to develop and scale their technologies. InsurTech innovations, such as telematics, blockchain, and artificial intelligence, are transforming the insurance landscape by offering personalized policies, real-time risk assessment, and automated claims processing. To succeed, companies must navigate this obstacle by securing adequate funding and forming strategic partnerships. By staying informed of these market dynamics, businesses can effectively capitalize on opportunities and overcome challenges in the evolving Insurtech landscape.
How is this Insurtech Industry segmented?
The insurtech industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Application
- Marketing and distribution
- IT support
- Claim management
- Policy administration and management
- Others
- Deployment
- End-User
- Insurance Companies
- Brokers
- Policyholders
- Technology
- Artificial Intelligence
- Blockchain
- Internet of Things
- Geography
- North America
- Europe
- APAC
- South America
- Middle East and Africa
- Rest of World (ROW)
By Application Insights
The marketing and distribution segment is estimated to witness significant growth during the forecast period. The segment was valued at USD 9.02 billion in 2023. It continued to the largest segment at a CAGR of 28.26%.
The market is experiencing significant growth as digital insurance and customer service become increasingly important. Advanced technologies, such as data analytics, pricing strategies, cloud computing, and catastrophe modeling, are transforming the industry. InsurTech platforms facilitate customer interaction through chatbots and live support, enhancing the customer experience and driving retention. Marketing automation, social media marketing, and search engine optimization are essential tools for reaching new customers and expanding sales. Product development is accelerated through the use of IoT sensors, wearable technology, natural language processing, and AI algorithms. Operational efficiency is improved through remote monitoring, process automation, and blockchain technology.
Peer-to-peer and usage-based insurance models are gaining popularity, offering cost reduction and personalized coverage. Risk assessment is enhanced through predictive modeling and financial modeling, while fraud detection and policy management are streamlined through machine learning and API integrations. Actuarial science and risk management are essential components of the industry, ensuring accurate risk assessment and effective claims processing. The market is also witnessing significant M&A activity and digital transformation, with a focus on cost reduction and sales growth. Big data and policy administration are crucial for effective claims processing and customer service. The integration of these technologies is revolutionizing the insurance industry, providing new opportunities for innovation and growth.
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The Marketing and distribution segment was valued at USD 3.22 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
North America is estimated to contribute 51% to the growth of the global market during the forecast period. Data suggests that the future opportunities for growth in the North America region estimates to be around USD 8.14 billion. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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InsurTech, a technology-driven segment of the insurance industry, is experiencing significant growth in North America due to the region's advanced economies and high demand for data-driven analytics. Traditional insurance services face increasing competition from tech-enabled entrants, leading to an influx of partnerships, acquisitions, and collaborations. Digital insurance, customer experience, and operational efficiency are key focus areas for InsurTech platforms, with customer service and retention enhanced through marketing automation, social media marketing, and data visualization. Pricing strategies are optimized using data analytics and machine learning algorithms, while IoT sensors and wearable technology provide real-time risk assessment and remote monitoring.
Blockchain technology and API integrations streamline policy administration and claims processing, reducing costs and increasing sales growth. Catastrophe modeling and predictive modeling enable risk management and financial modeling, ensuring accurate and timely claims processing. Cloud computing and process automation are essential for InsurTech startups, enabling product development and enabling on-demand insurance and usage-based insurance offerings. Natural language processing and AI algorithms facilitate fraud detection and claims processing, while search engine optimization and digital distribution expand reach and accessibility. M&A activity and digital transformation are ongoing trends, as insurers seek to adapt and innovate in the face of disruptive technologies.
Market Dynamics
"The global Insurtech Market is driven by the rising adoption of AI and machine learning for personalized underwriting and claims processing, with North America leading due to its significant market share."
- Rahul Somnath, Assistant Research Manager, Technavio
The global InsurTech market is experiencing significant expansion, driven by dynamic InsurTech market trends and the transformative power of AI in InsurTech. The impressive InsurTech market size reflects a rapid shift towards digital insurance platforms and automated claims management automation. This robust InsurTech market growth is further fueled by innovations in underwriting and risk assessment.
The integration of IoT in insurance and blockchain in insurance is revolutionizing product offerings, leading to highly personalized insurance products and vastly improved customer experience management insurance. The popularity of usage-based insurance and advanced fraud detection and prevention tools are key drivers. The accessibility of mobile insurance apps and scalable cloud computing for InsurTech are empowering numerous InsurTech startups. Major regional contributions from the North America InsurTech market and Asia-Pacific InsurTech market, alongside the rise of embedded insurance solutions, underscore the market's global impact.
What are the key market drivers leading to the rise in the adoption of Insurtech Industry?
- The escalating demand for enhanced business efficiency serves as the primary market motivator.
- Insurtech, the fusion of insurance and technology, is revolutionizing the industry by enabling more efficient and customer-centric operations. With the proliferation of digital devices, vast amounts of data are generated, providing opportunities for insurers to optimize costs, enhance services, and boost revenues. Traditional insurance systems were burdened by high costs due to physical data distribution. However, digitization and innovative financial technologies have streamlined this process. Insurtech platforms facilitate the collection and analysis of consumer data, enabling personalized pricing strategies, improved customer experience, and effective claims management. Marketing automation and social media marketing further enhance customer engagement and retention.
- Data analytics plays a crucial role in catastrophe modeling, risk assessment, and underwriting. Cloud computing ensures secure and scalable storage and processing of large data sets. Insurtech's emphasis on customer service and experience differentiates it from traditional insurance models, making it an essential tool for insurers seeking to remain competitive and thrive in the market.
What are the market trends shaping the Insurtech Industry?
- Collaboration between investors and InsurTech firms is a current market trend. This alliance reflects the growing importance of technology in the insurance sector.
- InsurTech startups are revolutionizing the insurance industry by leveraging advanced technologies such as data visualization, product development using IoT sensors and wearable technology, natural language processing, and AI algorithms. These innovations aim to enhance operational efficiency, streamline risk assessment through remote monitoring, and automate processes. Investor interest in InsurTech firms is escalating, as evidenced by the recent conference attended by 1,500 investors, entrepreneurs, and insurance executives. The primary focus is on addressing consumers' growing demands for customized insurance products and personalized services.
- Technology applications include cost transformation, improved consumer experience, increased transparency, fraud reduction through data analysis, and simplified claim processes. InsurTech companies are also optimizing search engine rankings and utilizing AI for natural language processing to better understand customer needs. The integration of these technologies is essential for insurers to remain competitive and meet evolving customer expectations.
What challenges does the Insurtech Industry face during its growth?
- The high cost of investment represents a significant challenge that impedes industry growth.
- The market is experiencing significant advancements as insurance companies integrate technology into their operations. Peer-to-peer and usage-based insurance models are gaining popularity, requiring a deep understanding of these products for insurance staff. To meet this need, companies are investing in training for their employees and brokers. Advanced technologies such as machine learning, API integrations, and blockchain are transforming the industry. Cost reduction and sales growth are key drivers, with policy administration and claims processing becoming more efficient. Digital distribution and on-demand insurance are also on the rise, enabling insurers to reach a broader customer base.
- However, managing these complex systems effectively can be challenging due to the lack of technical expertise. Insurtech companies are collaborating with banks and broking agents to offer integrated products and services. While these partnerships offer opportunities for growth, they also present challenges in managing the integration system. Insurance firms must navigate these complexities to remain competitive in the market. Actuarial science plays a crucial role in the market, ensuring accurate risk assessment and pricing. The future of the industry lies in leveraging technology to improve customer experience and streamline operations. With continued investment in training and technology, insurance companies can overcome these challenges and thrive in the evolving market landscape.
Exclusive Customer Landscape
The insurtech market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the insurtech market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Key Companies & Market Insights
Companies are implementing various strategies, such as strategic alliances, insurtech market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Acko General Insurance Limited
- Banc Insurance Agency Inc (Insuritas)
- Bima Mobile
- Bolttech
- Clark Germany GmbH
- Clover Health Insurance
- Getsafe
- Haven Life
- Lemonade, Inc.
- Metromile, Inc.
- Next Insurance, Inc.
- Oscar Health
- PolicyBazaar
- Policygenius
- Root Insurance
- Singlife
- Slice Labs Inc.
- Trov Insurance
- Wefox Group
- ZhongAn Online P&C Insurance Co. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Insurtech Market
- In January 2024, Lemonade, a leading Insurtech firm, announced the launch of its new product, "Lemonade for Business," expanding its offerings beyond personal insurance (Lemonade Press Release, 2024). This new business insurance platform aims to simplify the process for small businesses, offering customized coverage in minutes.
- In March 2024, Allstate and State Farm, two major insurance players, formed a partnership to collaborate on Insurtech initiatives, including the development of digital platforms and advanced analytics (Allstate & State Farm Press Release, 2024). This strategic alliance signified a significant shift towards digital transformation in the traditional insurance industry.
- In May 2024, Munich Re, a leading reinsurer, invested USD 50 million in Root Insurance, a digital insurer, to strengthen its position in the US market and gain access to Root's advanced data analytics capabilities (Munich Re Press Release, 2024). This strategic investment underscored the growing importance of data-driven underwriting in the insurance sector.
- In February 2025, the European Union's Executive Commission approved the Insurance Distribution Directive 2 (IDD2), which mandates the use of Insurtech solutions for customer identification, suitability assessments, and ongoing monitoring (EU Press Release, 2025). This regulatory approval marked a significant step forward in the adoption of digital technologies in the European insurance market.
Research Analyst Overview
- Insurtech, the intersection of insurance and financial technology, continues to evolve with innovative solutions shaping the industry. Policy lifecycle management, a critical process, is streamlined through insurtech accelerators, enabling faster underwriting and claims processing. Actuarial models, powered by advanced data mining and business intelligence, provide accurate risk scoring and decision support systems. Integration platforms facilitate seamless data exchange between software solutions, ensuring compliance with industry standards. Financial technology, including venture capital and private equity investments, fuels innovation in areas like personalized insurance and hardware solutions. Data security remains a priority, with open APIs and advanced risk mitigation strategies safeguarding sensitive customer information.
- Fraud prevention, process optimization, and workflow automation are essential components of insurtech, enhancing customer engagement and brand building. Digital marketing and telematics devices offer new channels for reaching customers and collecting real-time data. Compliance standards, such as those related to data privacy and security, continue to evolve, requiring insurtech companies to stay agile and adapt to changing regulations. Decision support systems and financial technology collaborate to offer more efficient and effective insurance solutions. Software solutions and business intelligence enable risk assessment and claims automation, while hardware solutions, like telematics devices, provide valuable data for risk scoring and fraud prevention.
- The insurtech landscape is dynamic, with ongoing advancements in technology and market trends driving growth and transformation.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Insurtech Market insights. See full methodology.
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Market Scope
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Report Coverage
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Details
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Page number
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205
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Base year
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2024
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Historic period
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2019-2023 |
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Forecast period
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2025-2029
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Growth momentum & CAGR
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Accelerate at a CAGR of 43.6%
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Market growth 2025-2029
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USD 114393.8 million
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Market structure
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Fragmented
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YoY growth 2024-2025(%)
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41.3
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Key countries
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US, UK, France, Canada, China, Germany, India, Mexico, Brazil, and Italy
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Competitive landscape
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Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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What are the Key Data Covered in this Insurtech Market Research and Growth Report?
- CAGR of the Insurtech industry during the forecast period
- Detailed information on factors that will drive the growth and forecasting between 2025 and 2029
- Precise estimation of the size of the market and its contribution of the industry in focus to the parent market
- Accurate predictions about upcoming growth and trends and changes in consumer behaviour
- Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
- Thorough analysis of the market's competitive landscape and detailed information about companies
- Comprehensive analysis of factors that will challenge the insurtech market growth of industry companies
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1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market by Geography
- Executive Summary - Chart on Market Segmentation by Application
- Executive Summary - Chart on Market Segmentation by Deployment
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Technavio Analysis
- 2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- 2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
- 2.3 Factors of disruption
- Overview on factors of disruption
- 2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
3 Market Landscape
- 3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 3.2 Market characteristics
- Market characteristics analysis
4 Market Sizing
- 4.1 Market definition
- Offerings of companies included in the market definition
- 4.2 Market segment analysis
- 4.4 Market outlook: Forecast for 2024-2029
- Chart on Global - Market size and forecast 2024-2029 ($ million)
- Data Table on Global - Market size and forecast 2024-2029 ($ million)
- Chart on Global Market: Year-over-year growth 2024-2029 (%)
- Data Table on Global Market: Year-over-year growth 2024-2029 (%)
5 Historic Market Size
- 5.1 Global InsurTech Market 2019 - 2023
- Historic Market Size - Data Table on Global InsurTech Market 2019 - 2023 ($ million)
- 5.2 Application segment analysis 2019 - 2023
- Historic Market Size - Application Segment 2019 - 2023 ($ million)
- 5.3 Deployment segment analysis 2019 - 2023
- Historic Market Size - Deployment Segment 2019 - 2023 ($ million)
- 5.4 Geography segment analysis 2019 - 2023
- Historic Market Size - Geography Segment 2019 - 2023 ($ million)
- 5.5 Country segment analysis 2019 - 2023
- Historic Market Size - Country Segment 2019 - 2023 ($ million)
6 Qualitative Analysis
- 6.1 Impact of Global InsurTech Market
7 Five Forces Analysis
- 7.1 Five forces summary
- Five forces analysis - Comparison between 2024 and 2029
- 7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2024 and 2029
- 7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2024 and 2029
- 7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2024 and 2029
- 7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2024 and 2029
- 7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2024 and 2029
- 7.7 Market condition
- Chart on Market condition - Five forces 2024 and 2029
8 Market Segmentation by Application
- 8.1 Market segments
- Chart on Application - Market share (2024-2029) (%)
- Data Table on Application - Market share (2024-2029) (%)
- 8.2 Comparison by Application
- Chart on Comparison by Application
- Data Table on Comparison by Application
- 8.3 Marketing and distribution - Market size and forecast (2024-2029)
- Chart on Marketing and distribution - Market size and forecast (2024-2029) ($ million)
- Data Table on Marketing and distribution - Market size and forecast (2024-2029) ($ million)
- Chart on Marketing and distribution - Year-over-year growth (2024-2029) (%)
- Data Table on Marketing and distribution - Year-over-year growth (2024-2029) (%)
- 8.4 IT support - Market size and forecast (2024-2029)
- Chart on IT support - Market size and forecast (2024-2029) ($ million)
- Data Table on IT support - Market size and forecast (2024-2029) ($ million)
- Chart on IT support - Year-over-year growth (2024-2029) (%)
- Data Table on IT support - Year-over-year growth (2024-2029) (%)
- 8.5 Claim management - Market size and forecast (2024-2029)
- Chart on Claim management - Market size and forecast (2024-2029) ($ million)
- Data Table on Claim management - Market size and forecast (2024-2029) ($ million)
- Chart on Claim management - Year-over-year growth (2024-2029) (%)
- Data Table on Claim management - Year-over-year growth (2024-2029) (%)
- 8.6 Policy administration and management - Market size and forecast (2024-2029)
- Chart on Policy administration and management - Market size and forecast (2024-2029) ($ million)
- Data Table on Policy administration and management - Market size and forecast (2024-2029) ($ million)
- Chart on Policy administration and management - Year-over-year growth (2024-2029) (%)
- Data Table on Policy administration and management - Year-over-year growth (2024-2029) (%)
- 8.7 Others - Market size and forecast (2024-2029)
- Chart on Others - Market size and forecast (2024-2029) ($ million)
- Data Table on Others - Market size and forecast (2024-2029) ($ million)
- Chart on Others - Year-over-year growth (2024-2029) (%)
- Data Table on Others - Year-over-year growth (2024-2029) (%)
- 8.8 Market opportunity by Application
- Market opportunity by Application ($ million)
- Data Table on Market opportunity by Application ($ million)
9 Market Segmentation by Deployment
- 9.1 Market segments
- Chart on Deployment - Market share (2024-2029) (%)
- Data Table on Deployment - Market share (2024-2029) (%)
- 9.2 Comparison by Deployment
- Chart on Comparison by Deployment
- Data Table on Comparison by Deployment
- 9.3 On-premises - Market size and forecast (2024-2029)
- Chart on On-premises - Market size and forecast (2024-2029) ($ million)
- Data Table on On-premises - Market size and forecast (2024-2029) ($ million)
- Chart on On-premises - Year-over-year growth (2024-2029) (%)
- Data Table on On-premises - Year-over-year growth (2024-2029) (%)
- 9.4 Cloud - Market size and forecast (2024-2029)
- Chart on Cloud - Market size and forecast (2024-2029) ($ million)
- Data Table on Cloud - Market size and forecast (2024-2029) ($ million)
- Chart on Cloud - Year-over-year growth (2024-2029) (%)
- Data Table on Cloud - Year-over-year growth (2024-2029) (%)
- 9.5 Market opportunity by Deployment
- Market opportunity by Deployment ($ million)
- Data Table on Market opportunity by Deployment ($ million)
10 Market Segmentation by End-User
- 10.1 Market segments
- Chart on End-User - Market share (2024-2029) (%)
- Data Table on End-User - Market share (2024-2029) (%)
- 10.2 Comparison by End-User
- Chart on Comparison by End-User
- Data Table on Comparison by End-User
- 10.3 Insurance Companies - Market size and forecast (2024-2029)
- Chart on Insurance Companies - Market size and forecast (2024-2029) ($ million)
- Data Table on Insurance Companies - Market size and forecast (2024-2029) ($ million)
- Chart on Insurance Companies - Year-over-year growth (2024-2029) (%)
- Data Table on Insurance Companies - Year-over-year growth (2024-2029) (%)
- 10.4 Brokers - Market size and forecast (2024-2029)
- Chart on Brokers - Market size and forecast (2024-2029) ($ million)
- Data Table on Brokers - Market size and forecast (2024-2029) ($ million)
- Chart on Brokers - Year-over-year growth (2024-2029) (%)
- Data Table on Brokers - Year-over-year growth (2024-2029) (%)
- 10.5 Policyholders - Market size and forecast (2024-2029)
- Chart on Policyholders - Market size and forecast (2024-2029) ($ million)
- Data Table on Policyholders - Market size and forecast (2024-2029) ($ million)
- Chart on Policyholders - Year-over-year growth (2024-2029) (%)
- Data Table on Policyholders - Year-over-year growth (2024-2029) (%)
- 10.6 Market opportunity by End-User
- Market opportunity by End-User ($ million)
- Data Table on Market opportunity by End-User ($ million)
11 Market Segmentation by Technology
- 11.1 Market segments
- Chart on Technology - Market share (2024-2029) (%)
- Data Table on Technology - Market share (2024-2029) (%)
- 11.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
- 11.3 Artificial Intelligence - Market size and forecast (2024-2029)
- Chart on Artificial Intelligence - Market size and forecast (2024-2029) ($ million)
- Data Table on Artificial Intelligence - Market size and forecast (2024-2029) ($ million)
- Chart on Artificial Intelligence - Year-over-year growth (2024-2029) (%)
- Data Table on Artificial Intelligence - Year-over-year growth (2024-2029) (%)
- 11.4 Blockchain - Market size and forecast (2024-2029)
- Chart on Blockchain - Market size and forecast (2024-2029) ($ million)
- Data Table on Blockchain - Market size and forecast (2024-2029) ($ million)
- Chart on Blockchain - Year-over-year growth (2024-2029) (%)
- Data Table on Blockchain - Year-over-year growth (2024-2029) (%)
- 11.5 Internet of Things - Market size and forecast (2024-2029)
- Chart on Internet of Things - Market size and forecast (2024-2029) ($ million)
- Data Table on Internet of Things - Market size and forecast (2024-2029) ($ million)
- Chart on Internet of Things - Year-over-year growth (2024-2029) (%)
- Data Table on Internet of Things - Year-over-year growth (2024-2029) (%)
- 11.6 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)
12 Customer Landscape
- 12.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
13 Geographic Landscape
- 13.1 Geographic segmentation
- Chart on Market share by geography 2024-2029 (%)
- Data Table on Market share by geography 2024-2029 (%)
- 13.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 13.3 North America - Market size and forecast 2024-2029
- Chart on North America - Market size and forecast 2024-2029 ($ million)
- Data Table on North America - Market size and forecast 2024-2029 ($ million)
- Chart on North America - Year-over-year growth 2024-2029 (%)
- Data Table on North America - Year-over-year growth 2024-2029 (%)
- 13.4 Europe - Market size and forecast 2024-2029
- Chart on Europe - Market size and forecast 2024-2029 ($ million)
- Data Table on Europe - Market size and forecast 2024-2029 ($ million)
- Chart on Europe - Year-over-year growth 2024-2029 (%)
- Data Table on Europe - Year-over-year growth 2024-2029 (%)
- 13.5 APAC - Market size and forecast 2024-2029
- Chart on APAC - Market size and forecast 2024-2029 ($ million)
- Data Table on APAC - Market size and forecast 2024-2029 ($ million)
- Chart on APAC - Year-over-year growth 2024-2029 (%)
- Data Table on APAC - Year-over-year growth 2024-2029 (%)
- 13.6 Middle East and Africa - Market size and forecast 2024-2029
- Chart on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2024-2029 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2024-2029 (%)
- 13.7 South America - Market size and forecast 2024-2029
- Chart on South America - Market size and forecast 2024-2029 ($ million)
- Data Table on South America - Market size and forecast 2024-2029 ($ million)
- Chart on South America - Year-over-year growth 2024-2029 (%)
- Data Table on South America - Year-over-year growth 2024-2029 (%)
- 13.8 US - Market size and forecast 2024-2029
- Chart on US - Market size and forecast 2024-2029 ($ million)
- Data Table on US - Market size and forecast 2024-2029 ($ million)
- Chart on US - Year-over-year growth 2024-2029 (%)
- Data Table on US - Year-over-year growth 2024-2029 (%)
- 13.9 UK - Market size and forecast 2024-2029
- Chart on UK - Market size and forecast 2024-2029 ($ million)
- Data Table on UK - Market size and forecast 2024-2029 ($ million)
- Chart on UK - Year-over-year growth 2024-2029 (%)
- Data Table on UK - Year-over-year growth 2024-2029 (%)
- 13.10 France - Market size and forecast 2024-2029
- Chart on France - Market size and forecast 2024-2029 ($ million)
- Data Table on France - Market size and forecast 2024-2029 ($ million)
- Chart on France - Year-over-year growth 2024-2029 (%)
- Data Table on France - Year-over-year growth 2024-2029 (%)
- 13.11 Canada - Market size and forecast 2024-2029
- Chart on Canada - Market size and forecast 2024-2029 ($ million)
- Data Table on Canada - Market size and forecast 2024-2029 ($ million)
- Chart on Canada - Year-over-year growth 2024-2029 (%)
- Data Table on Canada - Year-over-year growth 2024-2029 (%)
- 13.12 China - Market size and forecast 2024-2029
- Chart on China - Market size and forecast 2024-2029 ($ million)
- Data Table on China - Market size and forecast 2024-2029 ($ million)
- Chart on China - Year-over-year growth 2024-2029 (%)
- Data Table on China - Year-over-year growth 2024-2029 (%)
- 13.13 Germany - Market size and forecast 2024-2029
- Chart on Germany - Market size and forecast 2024-2029 ($ million)
- Data Table on Germany - Market size and forecast 2024-2029 ($ million)
- Chart on Germany - Year-over-year growth 2024-2029 (%)
- Data Table on Germany - Year-over-year growth 2024-2029 (%)
- 13.14 India - Market size and forecast 2024-2029
- Chart on India - Market size and forecast 2024-2029 ($ million)
- Data Table on India - Market size and forecast 2024-2029 ($ million)
- Chart on India - Year-over-year growth 2024-2029 (%)
- Data Table on India - Year-over-year growth 2024-2029 (%)
- 13.15 Mexico - Market size and forecast 2024-2029
- Chart on Mexico - Market size and forecast 2024-2029 ($ million)
- Data Table on Mexico - Market size and forecast 2024-2029 ($ million)
- Chart on Mexico - Year-over-year growth 2024-2029 (%)
- Data Table on Mexico - Year-over-year growth 2024-2029 (%)
- 13.16 Italy - Market size and forecast 2024-2029
- Chart on Italy - Market size and forecast 2024-2029 ($ million)
- Data Table on Italy - Market size and forecast 2024-2029 ($ million)
- Chart on Italy - Year-over-year growth 2024-2029 (%)
- Data Table on Italy - Year-over-year growth 2024-2029 (%)
- 13.17 Brazil - Market size and forecast 2024-2029
- Chart on Brazil - Market size and forecast 2024-2029 ($ million)
- Data Table on Brazil - Market size and forecast 2024-2029 ($ million)
- Chart on Brazil - Year-over-year growth 2024-2029 (%)
- Data Table on Brazil - Year-over-year growth 2024-2029 (%)
- 13.18 Market opportunity by geography
- Market opportunity by geography ($ million)
- Data Tables on Market opportunity by geography ($ million)
- 13.19 Rest of World (ROW) - Market size and forecast (2024-2029)
- Chart on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
- Data Table on Rest of World (ROW) - Market size and forecast (2024-2029) ($ million)
- Chart on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
- Data Table on Rest of World (ROW) - Year-over-year growth (2024-2029) (%)
14 Drivers, Challenges, and Opportunity/Restraints
- 14.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2024 and 2029
- 14.4 Market opportunities/restraints
15 Competitive Landscape
- 15.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 15.3 Landscape disruption
- Overview on factors of disruption
- 15.4 Industry risks
- Impact of key risks on business
16 Competitive Analysis
- 16.2 Market positioning of companies
- Matrix on companies position and classification
- 16.3 Lemonade, Inc. (United States)
- Lemonade, Inc. (United States) - Overview
- Lemonade, Inc. (United States) - Product / Service
- Lemonade, Inc. (United States) - Key offerings
- 16.4 Oscar Health (United States)
- Oscar Health (United States) - Overview
- Oscar Health (United States) - Product / Service
- Oscar Health (United States) - Key offerings
- 16.5 Root Insurance (United States)
- Root Insurance (United States) - Overview
- Root Insurance (United States) - Product / Service
- Root Insurance (United States) - Key offerings
- 16.6 Policygenius (United States)
- Policygenius (United States) - Overview
- Policygenius (United States) - Product / Service
- Policygenius (United States) - Key offerings
- 16.7 ZhongAn Online P&C Insurance Co. Ltd. (China)
- ZhongAn Online P&C Insurance Co. Ltd. (China) - Overview
- ZhongAn Online P&C Insurance Co. Ltd. (China) - Product / Service
- ZhongAn Online P&C Insurance Co. Ltd. (China) - Key offerings
- 16.8 Wefox Group (Germany)
- Wefox Group (Germany) - Overview
- Wefox Group (Germany) - Product / Service
- Wefox Group (Germany) - Key offerings
- 16.9 Banc Insurance Agency Inc (Insuritas) (United States)
- Banc Insurance Agency Inc (Insuritas) (United States) - Overview
- Banc Insurance Agency Inc (Insuritas) (United States) - Product / Service
- Banc Insurance Agency Inc (Insuritas) (United States) - Key offerings
- 16.10 Clover Health Insurance (United States)
- Clover Health Insurance (United States) - Overview
- Clover Health Insurance (United States) - Product / Service
- Clover Health Insurance (United States) - Key offerings
- 16.11 Acko General Insurance Limited (India)
- Acko General Insurance Limited (India) - Overview
- Acko General Insurance Limited (India) - Product / Service
- Acko General Insurance Limited (India) - Key offerings
- 16.12 Next Insurance, Inc. (United States)
- Next Insurance, Inc. (United States) - Overview
- Next Insurance, Inc. (United States) - Product / Service
- Next Insurance, Inc. (United States) - Key offerings
- 16.13 Trov Insurance (United States)
- Trov Insurance (United States) - Overview
- Trov Insurance (United States) - Product / Service
- Trov Insurance (United States) - Key offerings
- 16.14 Metromile, Inc. (United States)
- Metromile, Inc. (United States) - Overview
- Metromile, Inc. (United States) - Product / Service
- Metromile, Inc. (United States) - Key offerings
- 16.15 Slice Labs Inc. (United States)
- Slice Labs Inc. (United States) - Overview
- Slice Labs Inc. (United States) - Product / Service
- Slice Labs Inc. (United States) - Key offerings
- 16.16 Bima Mobile (Sweden)
- Bima Mobile (Sweden) - Overview
- Bima Mobile (Sweden) - Product / Service
- Bima Mobile (Sweden) - Key offerings
- 16.17 Getsafe (Germany)
- Getsafe (Germany) - Overview
- Getsafe (Germany) - Product / Service
- Getsafe (Germany) - Key offerings
- 16.18 Clark Germany GmbH (Germany)
- Clark Germany GmbH (Germany) - Overview
- Clark Germany GmbH (Germany) - Product / Service
- Clark Germany GmbH (Germany) - Key offerings
- 16.19 Haven Life (United States)
- Haven Life (United States) - Overview
- Haven Life (United States) - Product / Service
- Haven Life (United States) - Key offerings
- 16.20 PolicyBazaar (India)
Singlife (Singapore)Bolttech (Singapore)- PolicyBazaar (India)
Singlife (Singapore)Bolttech (Singapore) - Overview - PolicyBazaar (India)
Singlife (Singapore)Bolttech (Singapore) - Product / Service - PolicyBazaar (India)
Singlife (Singapore)Bolttech (Singapore) - Key offerings
- 16.21 Acko Technology and Services Pvt. Ltd.
- Acko Technology and Services Pvt. Ltd. - Overview
- Acko Technology and Services Pvt. Ltd. - Product / Service
- Acko Technology and Services Pvt. Ltd. - Key offerings
- 16.22 Allianz SE
- Allianz SE - Overview
- Allianz SE - Product / Service
- Allianz SE - Key offerings
- 16.23 Charles Taylor Ltd.
- Charles Taylor Ltd. - Overview
- Charles Taylor Ltd. - Product / Service
- Charles Taylor Ltd. - Key offerings
- 16.24 Cuvva Ltd.
- Cuvva Ltd. - Overview
- Cuvva Ltd. - Product / Service
- Cuvva Ltd. - Key offerings
- 16.25 Cytora Ltd.
- Cytora Ltd. - Overview
- Cytora Ltd. - Product / Service
- Cytora Ltd. - Key offerings
- 16.26 DeadHappy Ltd.
- DeadHappy Ltd. - Overview
- DeadHappy Ltd. - Product / Service
- DeadHappy Ltd. - Key offerings
- 16.27 F2X Group Ltd.
- F2X Group Ltd. - Overview
- F2X Group Ltd. - Product / Service
- F2X Group Ltd. - Key offerings
- 16.28 Kin Insurance Technology Hub LLC
- Kin Insurance Technology Hub LLC - Overview
- Kin Insurance Technology Hub LLC - Product / Service
- Kin Insurance Technology Hub LLC - Key offerings
- 16.29 Laka Ltd.
- Laka Ltd. - Overview
- Laka Ltd. - Product / Service
- Laka Ltd. - Key offerings
- 16.30 Massachusetts Mutual Life Insurance Co.
- Massachusetts Mutual Life Insurance Co. - Overview
- Massachusetts Mutual Life Insurance Co. - Product / Service
- Massachusetts Mutual Life Insurance Co. - Key offerings
- 16.31 Milvik AB
- Milvik AB - Overview
- Milvik AB - Product / Service
- Milvik AB - Key offerings
- 16.32 Nimbla Ltd.
- Nimbla Ltd. - Overview
- Nimbla Ltd. - Product / Service
- Nimbla Ltd. - Key offerings
- 16.33 simplesurance GmbH
- simplesurance GmbH - Overview
- simplesurance GmbH - Product / Service
- simplesurance GmbH - Key offerings
- 16.34 Slice Insurance Technologies Inc.
- Slice Insurance Technologies Inc. - Overview
- Slice Insurance Technologies Inc. - Product / Service
- Slice Insurance Technologies Inc. - Key offerings
- 16.35 Uinsure Ltd.
- Uinsure Ltd. - Overview
- Uinsure Ltd. - Product / Service
- Uinsure Ltd. - Key offerings
- 16.36 Urban Jungle Services Ltd.
- Urban Jungle Services Ltd. - Overview
- Urban Jungle Services Ltd. - Product / Service
- Urban Jungle Services Ltd. - Key offerings
- 16.37 Wrisk Ltd.
- Wrisk Ltd. - Overview
- Wrisk Ltd. - Product / Service
- Wrisk Ltd. - Key offerings
- 16.38 ExtraCover Ltd.
- ExtraCover Ltd. - Overview
- ExtraCover Ltd. - Product / Service
- ExtraCover Ltd. - Key offerings
17 Appendix
- 17.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 17.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 17.4 Research methodology
- 17.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 17.9 360 degree market analysis
- 360 degree market analysis
- 17.10 List of abbreviations
INFORMATION SOURCES
DATA ANALYSIS
REPORT WRITING
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