FinTech in Insurance Market to Witness Huge Growth by 2027: Zipari, Corvus Insurance, Gusto
New Jersey, USA -- (SBWIRE) -- 08/12/2022 -- The latest study released on the Global FinTech in Insurance Market by AMA Research evaluates market size, trend, and forecast to 2027. The FinTech in Insurance market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
Zipari (United States),MetroMile (United States),Corvus Insurance (United States),Kin Insurance (United States),Policygenius (United States),Clearcover (United States),Circulo HealthArtivatic (United States),Oscar Health (United States),Bright Health (United States),Clover Health (United States),ZhongAn (China),Root Insurance (United States),American Well (United States),Gusto (United States)
FinTech in Insurance is a financial technology that is reshaping the provision of financial services, creating new opportunities, and posing new challenges for both the insurance industry and financial supervisors. Fintech innovations refer to the variety of emerging technologies and innovative business models for the potential to transform the insurance business. Global FinTech in Insurance Market was valued at 16651 Million in 2020 and is expected to reach a market value of ~64,443.30 by 2026, registering a CAGR of ~25.33% over the forecast period of 2021-2026 (henceforth referred to as the forecast period).
Geographically, North America is leading for adoption for fintech in insurance due to rising demand in various sectors such oil and gas, aviation, Manufacturing for insurance products and business lines, with concentrations in the P&C business, hence the market for fintech in insurance is triggering the growth of the market over the forecast period
- Rising demand for blockchain technology for faster-claiming process and payment
- Fintech in insurance companies is minimizing inefficiencies by using artificial intelligence (AI) to automate much of this process.
- Customers need quick, convenient, and personalized service. Fintech in insurance can help to offer such a service
- Fintech in insurance has meets the demand for the digital-native generation, helping insurers appeal to a younger clientele
The Global FinTech in Insurance Market segments and Market Data Break Down are illuminated below:
by Type (Property and Casualty, Life Insuarance, Health Insuarance, Others), Technology (IOT, Blockchain, Machine Learning, Others), Industry Vertical (Oil and Gas, Manufacturing, Logistics, Others), Deployment (On-Cloud, On-Premise)
Global FinTech in Insurance market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
- -To carefully analyze and forecast the size of the FinTech in Insurance market by value and volume.
- -To estimate the market shares of major segments of the FinTech in Insurance market.
- -To showcase the development of the FinTech in Insurance market in different parts of the world.
- -To analyze and study micro-markets in terms of their contributions to the FinTech in Insurance market, their prospects, and individual growth trends.
- -To offer precise and useful details about factors affecting the growth of the FinTech in Insurance market.
- -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the FinTech in Insurance market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
Major highlights from Table of Contents:
FinTech in InsuranceMarket Study Coverage:
- It includes major manufacturers, emerging player's growth story, and major business segments of FinTech in Insurance market, years considered, and research objectives. Additionally, segmentation on the basis of the type of product, application, and technology.
- FinTech in Insurance Market Executive Summary: It gives a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends, and issues, and macroscopic indicators.
- FinTech in Insurance Market Production by Region FinTech in Insurance Market Profile of Manufacturers-players are studied on the basis of SWOT, their products, production, value, financials, and other vital factors.
- Key Points Covered in FinTech in Insurance Market Report:
- FinTech in Insurance Overview, Definition and Classification Market drivers and barriers
- FinTech in Insurance Market Competition by Manufacturers
- Impact Analysis of COVID-19 on FinTech in Insurance Market
- FinTech in Insurance Capacity, Production, Revenue (Value) by Region (2022-2027)
- FinTech in Insurance Supply (Production), Consumption, Export, Import by Region (2022-2027)
- FinTech in Insurance Manufacturers Profiles/Analysis FinTech in Insurance Manufacturing Cost Analysis, Industrial/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and collaborative initiatives, Industry road map and value chain Market Effect Factors Analysis.
Key questions answered
- How feasible is FinTech in Insurance market for long-term investment?
- What are influencing factors driving the demand for FinTech in Insurance near future?
- What is the impact analysis of various factors in the Global FinTech in Insurance market growth?
- What are the recent trends in the regional market and how successful they are?
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.
Craig Francis (PR & Marketing Manager) AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ New Jersey USA – 08837
Phone: +1 (206) 317 1218 [email protected]