IC Value-Added Distribution Business Market, Global Outlook and Forecast 2023-2029
| Price : US $3250 | Date : May 2023 |
| CAT ID : 8 | Pages : 97 |
The global InsurTech (Insurance Technology) market was valued at US$ 1255.8 million in 2022 and is projected to reach US$ 3998.4 million by 2029, at a CAGR of 18.0% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of Insurtech include DXC Technology, Damco Solutions, Wipro Limited, and Majesco, etc. The top four players hold a share over 1% respectively. In the view of region, North America and Europe, both have a share about 20%. In terms of application, the largest application is AI, followed by cloud computing, which account for a share of 35%, 25% respectively. Based on the application, the property and casualty, hold a share over 50%.
Insurtech refers to technological innovations that are created and implemented to improve the efficiency of the insurance industry. Insurtech powers the creation, distribution, and administration of the insurance business.Technologies that are currently used in the insurtech field mainly covered Artificial intelligence (AI), Machine learning (ML), Internet of Things (IoT), Smartphone apps, Blockchain technology, etc.The report mainly counts InsurTech technology providers, third-party platforms, agency platforms and insurance IT is not covered.
This report aims to provide a comprehensive presentation of the global market for InsurTech (Insurance Technology), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding InsurTech (Insurance Technology). This report contains market size and forecasts of InsurTech (Insurance Technology) in global, including the following market information:
Global InsurTech (Insurance Technology) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the InsurTech (Insurance Technology) companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global InsurTech (Insurance Technology) Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global InsurTech (Insurance Technology) Market Segment Percentages, by Type, 2022 (%)
Cloud Computing
IoT
AI
Others
Global InsurTech (Insurance Technology) Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global InsurTech (Insurance Technology) Market Segment Percentages, by Application, 2022 (%)
Property and Casualty
Health
Life
Global InsurTech (Insurance Technology) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global InsurTech (Insurance Technology) Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies InsurTech (Insurance Technology) revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies InsurTech (Insurance Technology) revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
Outline of Major Chapters:
Chapter 1: Introduces the definition of InsurTech (Insurance Technology), market overview.
Chapter 2: Global InsurTech (Insurance Technology) market size in revenue.
Chapter 3: Detailed analysis of InsurTech (Insurance Technology) company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of InsurTech (Insurance Technology) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
1 Introduction to Research & Analysis Reports
1.1 InsurTech (Insurance Technology) Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global InsurTech (Insurance Technology) Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global InsurTech (Insurance Technology) Overall Market Size
2.1 Global InsurTech (Insurance Technology) Market Size: 2022 VS 2029
2.2 Global InsurTech (Insurance Technology) Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top InsurTech (Insurance Technology) Players in Global Market
3.2 Top Global InsurTech (Insurance Technology) Companies Ranked by Revenue
3.3 Global InsurTech (Insurance Technology) Revenue by Companies
3.4 Top 3 and Top 5 InsurTech (Insurance Technology) Companies in Global Market, by Revenue in 2022
3.5 Global Companies InsurTech (Insurance Technology) Product Type
3.6 Tier 1, Tier 2 and Tier 3 InsurTech (Insurance Technology) Players in Global Market
3.6.1 List of Global Tier 1 InsurTech (Insurance Technology) Companies
3.6.2 List of Global Tier 2 and Tier 3 InsurTech (Insurance Technology) Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global InsurTech (Insurance Technology) Market Size Markets, 2022 & 2029
4.1.2 Cloud Computing
4.1.3 IoT
4.1.4 AI
4.1.5 Others
4.2 By Type - Global InsurTech (Insurance Technology) Revenue & Forecasts
4.2.1 By Type - Global InsurTech (Insurance Technology) Revenue, 2018-2023
4.2.2 By Type - Global InsurTech (Insurance Technology) Revenue, 2024-2029
4.2.3 By Type - Global InsurTech (Insurance Technology) Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global InsurTech (Insurance Technology) Market Size, 2022 & 2029
5.1.2 Property and Casualty
5.1.3 Health
5.1.4 Life
5.2 By Application - Global InsurTech (Insurance Technology) Revenue & Forecasts
5.2.1 By Application - Global InsurTech (Insurance Technology) Revenue, 2018-2023
5.2.2 By Application - Global InsurTech (Insurance Technology) Revenue, 2024-2029
5.2.3 By Application - Global InsurTech (Insurance Technology) Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global InsurTech (Insurance Technology) Market Size, 2022 & 2029
6.2 By Region - Global InsurTech (Insurance Technology) Revenue & Forecasts
6.2.1 By Region - Global InsurTech (Insurance Technology) Revenue, 2018-2023
6.2.2 By Region - Global InsurTech (Insurance Technology) Revenue, 2024-2029
6.2.3 By Region - Global InsurTech (Insurance Technology) Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America InsurTech (Insurance Technology) Revenue, 2018-2029
6.3.2 US InsurTech (Insurance Technology) Market Size, 2018-2029
6.3.3 Canada InsurTech (Insurance Technology) Market Size, 2018-2029
6.3.4 Mexico InsurTech (Insurance Technology) Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe InsurTech (Insurance Technology) Revenue, 2018-2029
6.4.2 Germany InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.3 France InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.4 U.K. InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.5 Italy InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.6 Russia InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.7 Nordic Countries InsurTech (Insurance Technology) Market Size, 2018-2029
6.4.8 Benelux InsurTech (Insurance Technology) Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia InsurTech (Insurance Technology) Revenue, 2018-2029
6.5.2 China InsurTech (Insurance Technology) Market Size, 2018-2029
6.5.3 Japan InsurTech (Insurance Technology) Market Size, 2018-2029
6.5.4 South Korea InsurTech (Insurance Technology) Market Size, 2018-2029
6.5.5 Southeast Asia InsurTech (Insurance Technology) Market Size, 2018-2029
6.5.6 India InsurTech (Insurance Technology) Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America InsurTech (Insurance Technology) Revenue, 2018-2029
6.6.2 Brazil InsurTech (Insurance Technology) Market Size, 2018-2029
6.6.3 Argentina InsurTech (Insurance Technology) Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa InsurTech (Insurance Technology) Revenue, 2018-2029
6.7.2 Turkey InsurTech (Insurance Technology) Market Size, 2018-2029
6.7.3 Israel InsurTech (Insurance Technology) Market Size, 2018-2029
6.7.4 Saudi Arabia InsurTech (Insurance Technology) Market Size, 2018-2029
6.7.5 UAE InsurTech (Insurance Technology) Market Size, 2018-2029
7 InsurTech (Insurance Technology) Companies Profiles
7.1 Zipari
7.1.1 Zipari Company Summary
7.1.2 Zipari Business Overview
7.1.3 Zipari InsurTech (Insurance Technology) Major Product Offerings
7.1.4 Zipari InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.1.5 Zipari Key News & Latest Developments
7.2 Corvus Insurance
7.2.1 Corvus Insurance Company Summary
7.2.2 Corvus Insurance Business Overview
7.2.3 Corvus Insurance InsurTech (Insurance Technology) Major Product Offerings
7.2.4 Corvus Insurance InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.2.5 Corvus Insurance Key News & Latest Developments
7.3 Wipro Limited
7.3.1 Wipro Limited Company Summary
7.3.2 Wipro Limited Business Overview
7.3.3 Wipro Limited InsurTech (Insurance Technology) Major Product Offerings
7.3.4 Wipro Limited InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.3.5 Wipro Limited Key News & Latest Developments
7.4 DXC Technology Company
7.4.1 DXC Technology Company Company Summary
7.4.2 DXC Technology Company Business Overview
7.4.3 DXC Technology Company InsurTech (Insurance Technology) Major Product Offerings
7.4.4 DXC Technology Company InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.4.5 DXC Technology Company Key News & Latest Developments
7.5 Majesco
7.5.1 Majesco Company Summary
7.5.2 Majesco Business Overview
7.5.3 Majesco InsurTech (Insurance Technology) Major Product Offerings
7.5.4 Majesco InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.5.5 Majesco Key News & Latest Developments
7.6 OutSystems
7.6.1 OutSystems Company Summary
7.6.2 OutSystems Business Overview
7.6.3 OutSystems InsurTech (Insurance Technology) Major Product Offerings
7.6.4 OutSystems InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.6.5 OutSystems Key News & Latest Developments
7.7 Damco Solutions
7.7.1 Damco Solutions Company Summary
7.7.2 Damco Solutions Business Overview
7.7.3 Damco Solutions InsurTech (Insurance Technology) Major Product Offerings
7.7.4 Damco Solutions InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.7.5 Damco Solutions Key News & Latest Developments
7.8 Octo
7.8.1 Octo Company Summary
7.8.2 Octo Business Overview
7.8.3 Octo InsurTech (Insurance Technology) Major Product Offerings
7.8.4 Octo InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.8.5 Octo Key News & Latest Developments
7.9 ControlExpert
7.9.1 ControlExpert Company Summary
7.9.2 ControlExpert Business Overview
7.9.3 ControlExpert InsurTech (Insurance Technology) Major Product Offerings
7.9.4 ControlExpert InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.9.5 ControlExpert Key News & Latest Developments
7.10 Sureify
7.10.1 Sureify Company Summary
7.10.2 Sureify Business Overview
7.10.3 Sureify InsurTech (Insurance Technology) Major Product Offerings
7.10.4 Sureify InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.10.5 Sureify Key News & Latest Developments
7.11 iSoftStone
7.11.1 iSoftStone Company Summary
7.11.2 iSoftStone Business Overview
7.11.3 iSoftStone InsurTech (Insurance Technology) Major Product Offerings
7.11.4 iSoftStone InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.11.5 iSoftStone Key News & Latest Developments
7.12 eBaoTech
7.12.1 eBaoTech Company Summary
7.12.2 eBaoTech Business Overview
7.12.3 eBaoTech InsurTech (Insurance Technology) Major Product Offerings
7.12.4 eBaoTech InsurTech (Insurance Technology) Revenue in Global Market (2018-2023)
7.12.5 eBaoTech Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
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