Insurtech Market PDF: Research Report, Share, Size, Trends, Forecast by 2027

1. Global Insurtech Market Research and Forecast Report 2022-2027 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Insurtech Market Research Report 2022-2027: According to the latest report by IMARC Group, titled ”Insurtech Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," the global insurtech market reached a value of US$ 3.8 Billion in 2021. Insurtech, or insurance technology, refers to mechanisms and solutions that are created and implemented to improve the efficiency of the insurance industry. It powers the creation, distribution, and administration of different insurances, including home, health, auto, business, travel and specialty. Insurtech is widely used to minimize costs, simplify policy management, and improve customer experience. Insurtech operates through interactive dashboards, chatbots and smartphone applications to collect and analyze customer data. This, in turn, helps in detecting frauds, solving real-time queries, processing claims, enhancing billing efficiencies, and lowering insurance rates. As a result, insurtech finds extensive application in life and health, marine, property and casualty (P&C), and personal and liability insurances. Request market/requestsample for a PDF sample of this report: https://www.imarcgroup.com/insurtech-

4. Report Description and Highlights Report Description Global Insurtech Market Trends: Significant growth in the banking, financial services and insurance (BFSI) industry across the globe is creating a positive outlook for the market. Insurtech aids in fraud prevention, simplifying the claims process and improving communication with the clients. Apart from this, rapid digitization and the large- scale integration of big data, artificial intelligence (AI), machine learning (ML) and the Internet of Things (IoT) technologies have enabled real-time tracking and monitoring of information regarding consumer behavior, managing brokers and providing personalized products, which is providing an impetus to the market growth. Moreover, the widespread adoption of insurtechin the healthcare industry to streamline claim processing procedures isfavoring the market growth. In line with this, the increasing demand for customized insurance policies, which can further be availed through online platforms and smartphone applications, primarily due to the outbreak of coronavirus disease (COVID-19) pandemic, is augmenting the market growth. Other factors, including the evolving internet-based business ecosystems, rising geriatric population and rapidly declining insurance premium rates, are anticipated to drive the market growth. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 30.4 Billion by 2027, growing at a CAGR of 41.8% during 2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/insurtech-market

5. Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: Breakup by Type: •Auto •Business •Health •Home •Specialty •Travel •Others Breakup by Technology: •Blockchain •Cloud Computing •IoT •Machine Learning •Robo Advisory •Others

6. Report Description and Highlights Report Description Breakup by Service: •Consulting •Support and Maintenance •Managed Services Breakup by Region: •North America •Asia Pacific •Europe •Latin America •Middle East and Africa

7. Report Description and Highlights Report Description Competitive Landscape with Key Players: •Clover Health Insurance •Damco Group •DXC Technology Company •Insurance Technology Services •Majesco •Oscar Insurance •Quantemplate •Shift Technology •Trov Inc. •Wipro Limited •Zhongan Insurance.

8. Key Questions Answered in the Report Report Description 1. 2. 3. 4. 5. 6. 7. What was the size of the global insurtech market in 2021? What is the expected growth rate of the global insurtech market during 2022-2027? What are the key factors driving the global insurtech market? What has been the impact of COVID-19 on the global insurtech market? What is the breakup of the global insurtech market based on the technology? What are the key regions in the global insurtech market? Who are the key players/companies in the global insurtech market?

9. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Insurtech Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast

10. Report DescriptionTable of Contents 6 Market Breakup by Type 6.1 Auto 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Business 6.2.1 Market Trends 6.2.2 Market Forecast 6.3 Health 6.3.1 Market Trends 6.3.2 Market Forecast 6.4 Home 6.4.1 Market Trends 6.4.2 Market Forecast 6.5 Specialty 6.5.1 Market Trends 6.5.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/insurtech-market/toc

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13. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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