Europe Insurance Technology Market by Type, Technology, and Geography - Forecast and Analysis 2023-2027

  • Published: Mar 2023
  • Pages: 152
  • SKU: IRTNTR70648

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Insurance Technology market growth will increase by $14523.99 million during 2023-2027.
The insurance technology market is expected to grow at a CAGR of 34.58% during 2023-2027.
Technavio has segmented the insurance technology market by type (Solution, Service, Claim management, Policy administration and management, and Others) ,technology (Cloud computing, IoT, Big data and business analytics, Blockchain, and Others) , and geography (Europe).
Akur8, Alan SA, Anorak Technologies Ltd., Charles Taylor Ltd., Descartes Underwriting SAS, Digital Fineprint Ltd., F2X Group Ltd., FRISS, Getsafe Digital GmbH, INZMO Europe GmbH, Majesco, Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group, Qidenus Group GmbH, Qover SA, Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, wefox Insurance AG, Xempus AG, Duck Creek Technologies Inc. are a few of the key vendors in the insurance technology market.
Europe will register the highest growth rate of 100% among the other regions. Therefore, the insurance technology market in 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
  • Increasing collaborations between investors and insurance technology vendors in Europe
The insurance technology market vendors should focus on grabbing business opportunities from the Solution segment as it accounted for the largest market share in the base year.
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