Insurtech Market Overview: Potential Growth, Challenges, and Key Company


Priyankauke1001

Uploaded on May 4, 2022

Category Technology

Significant increase in the data generation coupled with increasing adoption of wearable tech, rising use of social media to identify gaps and offer improved customer services provide numerous growth opportunities for the market. The growing adoption of smartphones and other mobile devices combined with reducing data storage costs also fuels the market growth.

Category Technology

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Insurtech Market Overview: Potential Growth, Challenges, and Key Company

Insurtech Market Expected to Reach $45.09 Billion By 2028 | CAGR: 42.9% “Insurtech Market Share, Size, Trends, Industry Analysis Report, By Deployment Model (On-Premise, Cloud); By Insurance Type (Commercial Insurance, Property and Casualty Insurance, Health Insurance, Life Insurance, Others); By End-Use; By Technology; By Regions; Segment Forecast, 2021 - 2028” Insurtech Market Estimate & Forecast The latest report by Polaris Market Research states that the global Insurtech market is progressing at a rapid pace and is expected to account $45.09 Billion By 2028, with a significant CAGR of 42.9% during the anticipated period 2021 To 2028. The global market report delivers a comprehensive measure of the market for the predicted period which encompasses numerous prominent factors such as market insights, trends, country-level analysis, size, value and volume, share, and growth rate. This study then incorporates opportunities, drivers, restraints, as well as major segments, competitive landscape, major innovations, and COVID-19 impact on trends and future of the market. Product developments, leading company’s R&D investments, usage of quantitative and qualitative business strategies, and supportive government policies are enhancing the overall growth of the Insurtech market. A key objective of this report is to assist clients in making the right selection and method to gain successful results in their enterprise. The report contains accurate and reliable market data and useful recommendations to provide an overall scenario. While preparing this report on the Insurtech market, the analyst has employed advanced tools and techniques such as SWOT analysis and Porter’s Five Forces model. Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 2 Insurtech Market Scope By Deployment By Insurance Type By End Use By Technology By Region Model • On-Premise • Commercial Insurance BFSI Cloud Computing ∙ North America • Cloud-Based • Property and Casualty Healthcare ∙ Europe Blockchain Insurance Manufacturing ∙ Asia Pacific Big Data and • Health Insurance Government ∙ Latin America Middle Analytics • Life Insurance Retail East & Africa • Others Transportation Artificial Intelligence Others IoT Machine Learning Others Request for sample Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 3 Insurtech Market Estimate & Forecast The report comprises in-depth coverage of the Insurtech market with detailed market segmentation on the basis of product type, application, end-use, and region. The advancements and progress in the market is given for the projection period keeping in mind the emerging trends and patterns. This report will help reader understand the market opportunities available in the report. The study then includes the competitive insights of market across various regions wherein our research analysts explores in-depth profiles of main players along with new product launches, recent technologies influencing the target market. The competitive study section also contains production, major development strategies, revenue, and growth rate for the leading players. This assessment will aid market players to stay ahead of competitive landscape and boost productivity. Major players operating in the Insurtech market are: Oscar Insurance, Tr?v, Inc., Wipro Limited, DXC Technology Company, Zhongan Insurance, Friendsurance, Shift Technology, Quantemplate, GetInsured, Insurance Technology Services, Analyze RE, Majesco, Allay, Damco Group, Bayzat, and Claim DI.. Browse Complete Report Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 4 Insurtech Market Size Request for TOC Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 5 Insurtech Market Study – Engagement Options Buy Now – Click Here! ✔Buy now & have immediate access to premium insights Purchase Report Sections – Click Here! ✔Regional analysis ✔Segmentation analysis ✔ Industry outlook ✔Competitive landscape Speak To Analyst – Click Here! ✔Get your doubts clear ✔Schedule a call with our analyst before making any decision Request For Sample Pages – Click Here! ✔Get free sample pages ✔Understand report structure ✔Unmask data for validation Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 6 About Us Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for a clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi- conductors, and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and highly qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value- added business solutions to our customers. Web: www.polarismarketresearch.com Official Blog: http://polarismarketresearch.blogspot.com Copyright © Polaris Market Research & Consulting LLP 2022. All Rights Reserved 7 Thank You! Contact Us : Polaris Market Research 30 Wall Street 8th Floor,  New York City, NY 10005, United States E mail Id: [email protected] Phone: +1-917-985-9017