Insurance Technology Market in Europe by Value Chain Positioning and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR70648
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The insurance technology market in Europe has the potential to grow by USD 13.01 billion during 2021-2025, and the market’s growth momentum will decelerate at a CAGR of 41.72%.

This insurance technology market in Europe research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by value chain positioning (marketing and distribution, IT support, claim management, policy administration and management, and others) and geography (the UK, France, Germany, Italy, and Rest of Europe). The insurance technology market in Europe report also offers information on several market vendors, including Charles Taylor Ltd., Descartes Underwriting SAS, Duck Creek Technologies Inc., Getsafe Digital GmbH, INSTANDA , Majesco, Powszechny Zaklad Ubezpieczen Spólka Akcyjna Group, Qover SA, Quantemplate Technologies Inc., and simplesurance GmbH among others.

What will the Insurance Technology Market Size in Europe be in 2021?

Insurance-Technology-Market-In-Europe-Market-Size-2020-2025

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Insurance Technology Market in Europe: Key Drivers and Trends

The increasing need for insurance across European countries due to rising natural hazards is notably driving the insurance technology market growth in Europe, although factors such as data privacy and security concerns may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the insurance technology market in Europe get your FREE report sample now.

This insurance technology market in Europe analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Insurance Technology Market Vendors in Europe?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Charles Taylor Ltd.
  • Descartes Underwriting SAS
  • Duck Creek Technologies Inc.
  • Getsafe Digital GmbH
  • INSTANDA 
  • Majesco
  • Powszechny Zaklad Ubezpieczen Spólka Akcyjna Group
  • Qover SA
  • Quantemplate Technologies Inc.
  • simplesurance GmbH

 

The insurance technology market in Europe is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the insurance technology market in Europe forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Insurance Technology Market in Europe?

Insurance-Technology-Market-In-Europe-Market-Share-by-Region-2020-2025

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33% of the market’s growth will originate from the Rest of Europe during the forecast period. The increasing adoption of cloud-based solutions in the regional insurance industry will facilitate the insurance technology market growth in Rest of Europe over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Market Segments by Value Chain Positioning in the Insurance Technology Market in Europe?

Insurance-Technology-Market-In-Europe-Market-Share-by-Value Chain Positioning-2020-2025

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The insurance technology market share growth in Europe by the marketing and distribution segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.

Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the insurance technology market size in Europe.

 

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What are the Key Factors Covered in this Insurance Technology Market in Europe Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive insurance technology market growth in Europe during the next five years
  • Precise estimation of the insurance technology market size in Europe and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the insurance technology market in Europe across the UK, France, Germany, Italy, and Rest of Europe 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of insurance technology market vendors in Europe 

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The insurance technology market growth will increase by $13016.52 million during 2020-2025.
The insurance technology market is expected to grow at a CAGR of 41.72% during 2020-2025.
Technavio has segmented the insurance technology market by other1 (Marketing and distribution, IT support, Claim management, Policy administration and management, and Others) and geographic (UK, France, Germany, Italy, and Rest of Europe).
Charles Taylor Ltd., Descartes Underwriting SAS, Duck Creek Technologies Inc., Getsafe Digital GmbH, INSTANDA , Majesco, Powszechny Zaklad Ubezpieczen Spólka Akcyjna Group, Qover SA, Quantemplate Technologies Inc., simplesurance GmbH are a few of the key vendors in the insurance technology market.
Rest of Europe will register the highest growth rate of 33.21% among the other regions. Therefore, the insurance technology market in Rest of Europe is expected to garner significant business opportunities for the vendors during the forecast period.
  • UK
  • France
  • Germany
  • Italy
  • Rest of Europe
The key factors driving the insurance technology market growth are:
  • Increasing need for insurance across European countries due to rising natural hazards
The insurance technology market vendors should focus on grabbing business opportunities from the marketing and distribution segment as it accounted for the largest market share in the base year.
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