Global Insurtech Market Spotlight: Parametric Insurance & Micro‑InsurTech Are Rising

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The Global Insurtech Market is expected to reach USD 166.7 billion by 2030, at a CAGR of 52% during the forecast period 2021 to 2030.

Insurtech Revolution: How Technology is Transforming the Insurance Industry

Insurtech, a blend of “insurance” and “technology,” is reshaping the insurance landscape by enabling innovations like customized policies, social insurance, and dynamic pricing through smart devices and data analytics. Traditional insurers are increasingly partnering with insurtech firms to adopt advanced solutions such as blockchain and cryptocurrency payments. Companies like Amodo and Metromile are leading this shift. The rise of on-demand insurance—accessible via smartphones—is also fueling growth, driven by technologies like AI, IoT, big data, and predictive analytics. These advancements are accelerating digital transformation and expanding opportunities in the insurance sector.

This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of Insurtech market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;

Oscar Insurance Quantemplate Shift Technology Trov Inc. Wipro Limited ZhongAn Insurance Acko Coya

Our expert team is consistently working on updated data and information on the key player's related business processes that value the market for future strategies and predictions

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Market Segmentation:

By Type

Auto
Business
Health
Home
Specialty
Travel
Others

By Service

Consulting
Support & Maintenance
Managed Services

Covered in this Report:

1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).

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Industry Developments:

In April 2022, Shift Technology will tap into legendary data in order to assist insurers in making more informed decisions on questionable claims.

Regional Analysis for Insurtech Market:

✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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Frequently asked questions:

➥ What is the market size of the Insurtech market?
➥ What is the market growth rate of the Insurtech market?
➥ What are the Insurtech market opportunities and threats faced by the vendors in the global Insurtech Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the Insurtech market?
➥ What are the different sales, marketing, and distribution channels in the global industry?

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