Global Peer to Peer Insurance Market Overview:
Peer-to-peer insurance is a reciprocity insurance contract through the Collaborative consumption concept. The aims of peer-to-peer insurance are to save money through reduced overhead costs, increase transparency, reduce inefficiencies, and especially to reduce the inherent conflict between insurance carriers and their policyholders at the time of a claim. There are many types of peer-to-peer insurance. The first type was created by an Insurance broker (as opposed to insurance companies). In this broker model, insurance policyholders will form small groups online.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2022-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Introduction of Technology in Insurance Industry
Market Growth Drivers:
Features Such as Convenient and Fast to Access
Challenges:
Insurance Regulatory Compliance
Restraints:
High Costs Associated with the Insurance
Opportunities:
Rising Investments in Insurance Company
Competitive Landscape:
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Axieme (Italy), Bandboo (Singapore), Besurance (Canada), BitPark (United States), CommonEasy (Netherlands), Cycle Syndicate (United States), Darwinsurance (Italy), First Club Insurance (India), Friendsurance (United States), Gaggel (United Kingdom), goBundl (Denmark) and Guevara (Denmark). Analyst at AMA Research see United States Players to retain maximum share of Global Peer to Peer Insurance market by 2028. Considering Market by Platform, the sub-segment i.e. Commercial Platform will boost the Peer to Peer Insurance market. Considering Market by Mode of Operation, the sub-segment i.e. Online will boost the Peer to Peer Insurance market. Considering Market by Model, the sub-segment i.e. Broker will boost the Peer to Peer Insurance market.
What Can be Explored with the Peer to Peer Insurance Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Peer to Peer Insurance Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Peer to Peer Insurance
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Peer to Peer Insurance market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Peer to Peer Insurance market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Insurance company, Government associations, Research organizations, Software vendors and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.