Insurtech Market Size to Reach USD 11940 Million by 2027 at CAGR 34.4% – Valuates Reports
The global Insurtech market size is projected to reach
Major factors driving the growth of Insurtech are:
- The growing demand for insurance service digitization is projected to drive market expansion. Insurtech aids in the simplification of the insurance purchasing and claims processes.
- Insurtech helps create new avenues that large insurance companies have less incentive to achieve, such as offering social insurance and ultra-customized policies. These solutions use new streams of information from internet-enabled devices to price premiums.
- By lowering acquisition costs typically by providing customers with a digital interface and using a direct model Insurtech is much more cost-effective than the traditional model.
- Improved efficiency compared to the existing insurance model.
Browse the full report with Table of Contents and List of figures at: https://reports.valuates.com/market-reports/QYRE-Auto-35M2175/global-insurtech
TRENDS INFLUENCING THE GROWTH OF THE INSURTECH MARKET
With digital brokerage and insurance marketplaces for clients, Insurtech businesses are working on reducing the gaps between customers and insurance providers. Because of the oversaturation of the insurance market and fierce competition among insurers, they have been pushed to incorporate digital technologies that focus on the client interface. Insurtech software products are intended to assist insurers in gaining additional clients through partnerships and improving claim processing. This simplification of the claims process enabled by Insurtech is expected to drive the Insurtech market
Many Insurtech firms are working on employing deep learning-capable artificial intelligence (AI) to help agents manage their responsibilities more quickly and discover the right mix of policies to complete an individual's coverage. Over the projected period, the rising use of applications to combine disparate policies into a single platform for monitoring and management is expected to drive Insurtech market expansion.
Request a pdf sample at: https://reports.valuates.com/request/sample/QYRE-Auto-35M2175/Global_Insurtech_Market
INSURTECH MARKET SHARE ANALYSIS
On the other hand, Asia Pacific is expected to grow at the highest rate because of the presence of a young age population in the region along with the increasing tech-savvy generation.
Inquire for Regional Report: https://reports.valuates.com/request/regional/QYRE-Auto-35M2175/Global_Insurtech_Market
Major Players in the Insurtech Market
- Quantemplate
- Slice
- Neos
- Shift Technology
- Lemonade
- Oscar Health
Acko General Insurance - ZhongA
- Others
Buy Now for Single User + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-35M2175&lic=single-user
Buy Now for Enterprise License + Covid-19 Impact : https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-35M2175&lic=enterprise-user
SUBSCRIPTION
We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.
SIMILAR REPORTS
- The global cyber insurance market size was valued at
- The global Insurance Analytics Market size was valued at
- The global Regulatory Technology (RegTech) market size is projected to reach
- The global usage-based insurance market size was valued at
- The global Insurance Telematics market size is projected to reach
- The global Reinsurance market size is projected to reach
- The global
- Insurance Big Data Analytics Market by Product-Type (Service, Software), by Application (Pricing Premiums, Prevent and Reduce Fraud, Gain Customer Insight, Others)
- Digital Innovation in Insurance Market by Product-Type (
- IoT Insurance Market by Product-Type (P&C, Health, Life) Application (Automotive & Transportation, Home & Commercial Buildings, Life & Health)
To see the full list of related reports on the Insurance
ABOUT US:
Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.
Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that's why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.
To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains detail research methodology employed to generate the report, Please also reach to our sales team to get the complete list of our data sources
CONTACT US:
Valuates Reports
[email protected]
For
For IST Call +91-8040957137
Website: https://reports.valuates.com
Follow on Twitter - https://twitter.com/valuatesreports
Follow on Linkedin - https://in.linkedin.com/company/valuatesreports
Follow on Facebook - https://www.facebook.com/valuatesreports
View original content:http://www.prnewswire.com/news-releases/insurtech-market-size-to-reach-usd-11940-million-by-2027-at-cagr-34-4---valuates-reports-301320138.html
SOURCE Valuates Reports
China’s Public Health System Primed for Digital Innovation Online/Offline Service Delivery ‘Huge Growth Opportunity’, says Ping An Co-CEO
New bill by Sen. Alex Padilla would replace every lead pipe in U.S. over 10 years
Advisor News
- Six steps to turn HNW friends into clients
- The two-bucket investment approach to making money last
- Republicans confront difficult Medicaid choices in search of savings to help pay for tax cuts
- Economy showing momentum despite uncertainty
- 7 ways financial advisors can benefit by giving back to nonprofits
More Advisor NewsAnnuity News
Health/Employee Benefits News
- Studies from University of Occupational and Environmental Health Provide New Data on COVID-19 (Avoiding the Use of Outpatient Rehabilitation Services Under Long-term Care Insurance During the Covid-19 Pandemic): Coronavirus – COVID-19
- After more than 1,000 layoffs, worries persist about CVS Health's future in Connecticut
- This West Linn house, birthplace of Oregon prepaid health plans, is on National Historic Register
- Medicaid on the chopping block as Republicans release budget draft
- Wash, dry, enroll: Finding Medicaid help at the laundromat
More Health/Employee Benefits NewsLife Insurance News
- Annual financial and audit reports – JPMORGAN CHASE & CO.
- Conning research: Insurers must be flexible in the 2025
- AM Best Places Credit Ratings of Banner Life Insurance Company and William Penn Life Insurance Company of New York Under Review With Developing Implications
- Best's Review Examines Value in Innovation Culture
- Initial Registration Statement for Employee Benefit Plan (Form S-8)
More Life Insurance News