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InsurTech (Insurance Technology) Market poised to expand at a robust pace over 2023

This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, Claim Di, and CommonEasy as the major vendors operating in the global Insurtech market. This report also provides a detailed analysis of the market by components (Software and Services), types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life insurance, and Others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).

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InsurTech (Insurance Technology) Market poised to expand at a robust pace over 2023

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  1. Global Digital AdvertisingMarket Strategic Report Size Share Trend and Forecast 2018-2027 Trends Market Research All rights Reserved. 2021 ©

  2. InsurTech (Insurance Technology) Market poised to expand at a robust pace over 2023 This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, Claim Di, and CommonEasy as the major vendors operating in the global Insurtech market. This report also provides a detailed analysis of the market by components (Software and Services), types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life insurance, and Others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). Infoholic’s market research report predicts that the global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018–2023. The insurance sector is all set to adopt new technologies and attract new customers along with retaining the clients delighting with services. It is of utmost importance to embrace digital technologies for insurers and enhance their presence in the marketplace to gain market share with increased customer base and custom offerings. According to the Insurtech market industry analysis, North America is witnessing the highest adoption of InsurTech owing to the spend on insurances by customers in the region. The offering of flexible and customized insurance for health, property, and others is encouraging people to choose among the insurance plans that suit them the best. Asia Pacific holds a huge potential for the vendors and is expected to grow at the highest CAGR during the forecast period 2018–2023. The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and financial hubs in Hong Kong, Singapore, and India. Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the diversely populated region. Click Here to Get Sample Premium Report:https://www.trendsmarketresearch.com/report/sample/9829 Competitive Analysis and Key Vendors The banks and financial institutions are witnessing transformation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes. Insurers face stiff competition, and the insurance market is considered mature in Trends Market Research All rights Reserved. 2021 ©

  3. most of the countries. The digital and analytical tools have opened new revenue model and value chain through digital brokers. The FinTech industry, over the last couple of years, has realized the need and opportunity of InsurTech software. The InsurTech vendors offer software that simplifies the decision-making process for the customers, and the analytics software helps insurers to understand the current need and demand in the market. Some of the key vendors in the InsurTech market are: Friendsurance Oscar ZhongAn Allay Analyze Re GetInsured Bayzat Bought By Many Claim Di CommonEasy Get Full Access Summary Buy Now:https://www.trendsmarketresearch.com/checkout/9829/Single • • • • • • • • • • • Segmentation of components Software Services • • In 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR during the forecast period. InsurTech market by Types Retail Insurance Commercial Insurance • • Trends Market Research All rights Reserved. 2021 ©

  4. In 2017, the retail insurance occupied the largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period. InsurTech market by Application Health Insurance Property and casualty insurance Life insurance Others • • • • In 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the highest CAGR during the forecast period. There is an increased focus on restructuring the healthcare systems and bridging the gap between people and healthcare services through better insurance claims experience. Benefits The report contains an in-depth analysis of vendors profile, which includes overview, offerings, and competitive landscape. The emergence of technologies, such as AI and ML, is impacting the market growth and organizations are adopting InsurTech solutions for the online marketplace and easy claims processing among others. The study offers a comprehensive analysis of the “InsurTech” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for companies to understand the latest trends, current market scenario, government initiatives, and technologies related to the market. In addition, it helps the venture capitalists in understanding the companies better and take informed decisions in the global Insurtech market Trends Market Research All rights Reserved. 2021 ©

  5. Value XX$ 2020 2021 2022 2023 2024 2025 2026 2027 Axis Title Request For Report Table of Content:https://www.trendsmarketresearch.com/report/discount/9829 View more :Information Technology & Telecommunication We are a UK-based market intelligence company that operates out of its passion to help brands grow, discover, and transform. As a market research company, we take pride in equipping our clients with insights and data that holds the power to truly make a difference to their business. Our mission is singular and well-defined - we want to help our clients envisage their business environment so that they are able to make informed, strategic and therefore successful decisions for themselves. Contact Us: One Vincent Square Westminster, London SW1P 2PN Trends Market Research All rights Reserved. 2021 ©

  6. United Kingdom Email: sales@trendsmarketresearch.com Website: https://www.trendsmarketresearch.com United Kingdom Email: sales@trendsmarketresearch.com Website: https://www.trendsmarketresearch.com Trends Market Research All rights Reserved. 2021 ©

  7. 1Research Methodology Trends Market Research All rights Reserved. 2021 ©

  8. 1.1Primary Research • The global Digital Advertising Market is derived using a mix of bottom up and top down approach. To derive the global number for 2015 to 2019, the country wise revenue has been analyzed and summed up to Resources the regional market, which were further added up to Resources global market. Thus, each region has been considered as the separate market and validated using data triangulation • Historic estimation is an iterative process triangulated by multiple factors which include and not limited to adoption of Titanium 3D Printing Medical Devices, regulatory policies, prices of Titanium 3D Printing Medical Devices, and economic development of each country • Growth rate of the market has been determined by analyzing the trend of the parent and ancillary markets. Moreover, other factors such as research initiatives, funding overview, and regulatory framework in various countries have also been taken into consideration to derive the market growth rate • Pricing data was collected via actual quotes from manufacturers and company press releases on regional level. To avoid discrepancies in the pricing of various countries, regional prices have been considered for market estimation For forecasting, the following parameters were considered: • The base year considered for Digital Advertising Market is 2019. Market size from 2015-2019 are the actual revenues with forecasts from 2020 to 2026 • As a part of company policy, we do not investigate publicly available reports, as these reports are not always coherent, sometimes even contradicting in their declarations of value. Also, we don’t have access to their reports • Manufacturers do not generally specify clientele, as it constitutes critical strategic information • Major players in the market were identified through primary as well as secondary research • Market drivers and restraints along with their current and expected impact has been taken into consideration • Inflation has not been taken into consideration while estimating the market Trends Market Research All rights Reserved. 2021 ©

  9. • Financial data has been only provided for publicly listed companies. The information for privately held companies is sourced from the company websites and other reliable paid data sources 1.2Secondary data sources List of secondary sources includes but is not limited to: • Hoover’s • Factiva • Investor Presentations • Company Annual Reports • Many Others Trends Market Research All rights Reserved. 2021 ©

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