Insurance Aggregator Market Scope
The growing technological innovation in the insurance sector is helping to triggered global insurance aggregator market in the forecasted period. The Insurance Aggregator concludes agreements with a number of Insurers to provide a comparative quote based on a pre-determined list of specified needs as disclosed by potential clients. It is a strong online presence comparing insurance quotes and coverage, supported by extensive advertising to build visibility and drive traffic attracted clients on the basis of convenience and cost.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Largest Market | Europe |
Unit | Value (USD Million) |
Key Companies Profiled | Admiral Group (United Kingdom), Esure (United Kingdom), Amazon (United States), BGL Group (United Kingdom), Barclays (United Kingdom), Beagle Street (United Kingdom), Defaqto (United Kingdom), HSBC (United Kingdom), Lloyds (United Kingdom) and Financial Conduct Authority (United Kingdom) |
CAGR | % |
Research Analyst at AMA estimates that United Kingdom Players will contribute to the maximum growth of Global Insurance Aggregator market throughout the predicted period.
Admiral Group (United Kingdom), Esure (United Kingdom), Amazon (United States), BGL Group (United Kingdom), Barclays (United Kingdom), Beagle Street (United Kingdom), Defaqto (United Kingdom), HSBC (United Kingdom), Lloyds (United Kingdom) and Financial Conduct Authority (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Competition and Markets Authority (United Kingdom), Money Saving Expert (United Kingdom), Ofcom (United Kingdom) and RBS (United Kingdom).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insurance Aggregator market by Type , by Application (Property insurance, Casualty insurance and Others) and Region with country level break-up.
On the basis of geography, the market of Insurance Aggregator has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Europe region held largest market share in the year 2022. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Leaders and their expansionary development strategies
30th April 2019, Admiral Group plc announces that it has agreed to form a joint venture with Oakley Capital and MAPFRE S.A. to combine Rastreator Comparador Correduría de Seguros S.L. with Asesor Seguros Online S.L. and Asesor Consumer Services S.L. two of Spain’s most regarded digital brokers for insurance and other financial products.
Influencing Trend:
Increasing Demand for Private Automobile Insurance Market and The Growing Awareness about the Insurance
Market Growth Drivers:
Increased Incidence of Insurance Fraud and Changed Customer Expectations and Purchasing Behaviors
Challenges:
Stringent Government Regulations Associated With License Requirement
Restraints:
Rising Use of Internet, Social Media
Opportunities:
Growing Marketing Expenditure of Insurance Industry
Key Target Audience
Service Provider, Industry Association, Government Regulatory Bodies, Government Research Organization, Private Research Organizations and Others