Global Insurtech
Market Report
2025
As per Cognitive Market Research's latest published report, the Global Insurtech market size will be USD 26.28 Billion by 2029. Insurtech Industry's Compound Annual Growth Rate will be 25.2% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, the Global Insurtech market size will be USD 26.28 Billion by 2029. Insurtech Industry's Compound Annual Growth Rate will be 25.2% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Insurtech Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 25.2% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Technology |
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Market Split by Application |
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Market Split by Offering |
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Market Split by Deployment Model |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Report scope is customizable as we have a huge database of Insurtech industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Insurtech Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Insurtech is a term used to describe the integration of technological advancements into the insurance industry with the aim of enhancing its operational efficiency. This includes the development, dissemination, and management of insurance products and services. Insurtech helps large insurance companies explore new options outside of traditional human efforts. This could include dynamically-priced insurance policies, small business insurance, and social insurance options. Some crucial insurtech applications include risk prevention, fraud detection, claims management, and smart contract formulation.
The process of buying insurance in the past was tedious, complicated, and lengthy. Considering the shift of younger generations, they have different expectations when it comes to insurance, and Insurtech companies are responding with new business models that cater to these changing needs. In addition, insurtech and developments can help insurance companies automate manual processes, reduce paperwork, and increase the speed and accuracy of underwriting and claims processing. The rapidly growing artificial intelligence and its adoption are expected to drive the insurtech market.
We have various report editions of Insurtech Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Kotak General Insurance Launches AI-Based Vehicle Inspection For Motor Insurance Renewals
Universal Sompo General Insurance (USGIC), has launched India's 1st AI-powered Conversational Agent for Motor Insurance
Edelweiss, General Insurance (EGI), has launched an AI voice bot to expedite registration of motor claims.
Oscar's new program aims to give providers and third-party payors access to its tech-backed insurance platform
OutSystems launched New Artificial Intelligence Capabilities to Accelerate Smart App Development
OutSystems has announced the launch of new components and resources called Cloud Accelerators for Amazon Web Services (AWS) aimed at accelerating innovation as fast as business imperatives change.
Top Companies Market Share in Insurtech Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
Geographically, the global market is divided into North America, Europe, Asia Pacific, Latin America, and Middle-east Countries. North America region is further bifurcated into U.S., Canada, and Mexico. The Europe region is further characterized by the U.K., France, Germany, and the Rest of Europe. Asia Pacific is further divided into China, Japan, India, and the Rest of Asia Pacific. Latin America region is further segmented into Brazil and the Rest of Latin America. The Middle East & Africa region covers the UAE, South Africa, and the Rest of MEA. North America dominates global insurance due to the high technology adoption in the region. In addition, rising spending of customers for insurance-related products is expected to drive the North America insurtech market.
The current report Scope analyzes Insurtech Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
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Global Insurtech Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Insurtech Industry growth. Insurtech market has been segmented with the help of its Technology, Application Offering, and others. Insurtech market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
The Insurtech market is typically segmented by Technology, which play a significant role in determining the structure and growth potential of the industry. Understanding the market by Technology allows businesses to focus on specific product categories that are likely to perform the best in the coming years. By understanding the performance and demand trends of each type, companies can target the most lucrative segments, innovate within specific categories, and develop products or services that align with the needs of their target customers. Analyzing the growth patterns by type helps to pinpoint which segments are most likely to grow at an accelerated pace and which ones might experience slower or stagnant growth.
Technology of Insurtech analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Insurtech Industry. Request a Free Sample PDF!
Market segmentation by Application is another crucial element in understanding the dynamics of the Insurtech industry. Applications refer to the specific uses or end-user industries that drive demand for the Insurtech products or services. These can vary widely, depending on the nature of the market, ranging from healthcare, manufacturing, and retail to more specialized sectors like aerospace, automotive, and telecommunications. By breaking down the market according to its applications, businesses can gain insight into which industries are adopting Insurtech-related solutions most effectively, and where new opportunities are emerging.
Moreover, analyzing application trends helps in recognizing which industries are growing faster, where innovations are occurring, and which markets are saturated, allowing businesses to strategically position themselves in the most promising areas of the market. Get in touch with us to receive industry-specific insights tailored to your needs
Some of the key Application of Insurtech are:
The above Graph is for representation purposes only. This chart does not depict actual Market share.
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Research associate at Cognitive Market Research
Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
Swasti an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.
In her current role, Swasti manages research for service and software category, leading initiatives to uncover market opportunities and enhance competitive positioning. Her strong analytical skills and ability to provide clear, impactful findings have been crucial to her team’s success. With an expertise in market research analysis, She is adept at dissecting complex problems, extracting meaningful insights, and translating them into actionable recommendations, Swasti remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Insurtech Market is witnessing significant growth in the near future.
In 2023, the Artificial Intelligence segment accounted for noticeable share of global Insurtech Market and is projected to experience significant growth in the near future.
The Product Development & Underwriting segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Insureon, Rein and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Technology | Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics, IoT, Others |
Application | Product Development & Underwriting, Sales & Marketing, Policy Admin Collection & Disbursement, Claims Management |
Offering | Solution, Service |
Deployment Model | On-premise, Cloud |
List of Competitors | Insureon, ACD, Rein, FWD, GoBear, AppOrchid, BRIDGE, CHSI Connections, CideObjects, DOCUTRAX, GENIUSAVENUE, Majesco, Plug and Play |
This chapter will help you gain GLOBAL Market Analysis of Insurtech. Further deep in this chapter, you will be able to review Global Insurtech Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Insurtech. Further deep in this chapter, you will be able to review North America Insurtech Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Insurtech. Further deep in this chapter, you will be able to review Europe Insurtech Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Insurtech. Further deep in this chapter, you will be able to review Asia Pacific Insurtech Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Insurtech. Further deep in this chapter, you will be able to review South America Insurtech Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Insurtech. Further deep in this chapter, you will be able to review Middle East and Africa Insurtech Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Insurtech. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Technology Analysis 2019 -2031, will provide market size split by Technology. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Technology Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Offering Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Deployment Model Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Insurtech market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Artificial Intelligence have a significant impact on Insurtech market? |
What are the key factors affecting the Artificial Intelligence and Cloud Computing of Insurtech Market? |
What is the CAGR/Growth Rate of Product Development & Underwriting during the forecast period? |
By type, which segment accounted for largest share of the global Insurtech Market? |
Which region is expected to dominate the global Insurtech Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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