Global InsurTech Market
Global InsurTech Market

InsurTech Comprehensive Study by Application (Life Insurance, Health Insurance, Property and Casualty Insurance, Others) Players and Region - Global Market Outlook to 2024

InsurTech Market Segmented into XX Submarkets. | Forecast Years: 2019- 2024  

May 2019 Edition 250 Pages 194 Tables & Figures
  • Summary
  • Market Segments
  • Table of Content
  • List of Tables & Figures
  • Companies Mentioned
Industry Background:
Insurtech is a combination of “insurance” and “technology”. Insurtech is a technology that lies behind the creation, distribution and administration of insurance business. It is used to make the current insurance model more efficient. It is useful for collecting and analyzing customer data to provide a better service. Big data, artificial intelligence and internet of things (IoT) are the current focus of the insurtech. Insurtech develops and offer the right products at the right time to the insurer.This growth is primarily driven by Empowers Customers to Take Control of Their Insurance, Quickly Summarize and Present the Most Relevant Product and Rising Internet Based Business Ecosystem.

Globally, a noticeable market trend is evident Digitization of Processes and Personalization of Premiums. Major Players, such as Friendsurance (Germany), Oscar (United States), ZhongAn (China), Shift Technology (France), Quantemplate (United Kingdom), Allay (United Kingdom), Analyze Re (Canada), GetInsured (United States), Bayzat (United Arab Emirates) and Trov (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.

On 30th January 2019, the digital insurance platform Friendsurance now offers its digital bancassurance solutions under the brand name Friendsurance Business. To serve this purpose, the company has launched a new targeted web presence.

Market Drivers
  • Empowers Customers to Take Control of Their Insurance
  • Quickly Summarize and Present the Most Relevant Product
  • Rising Internet Based Business Ecosystem

Market Trend
  • Digitization of Processes and Personalization of Premiums

Restraints
  • Insurance Industry Suffers From Image Problem
  • Lack of Awareness about the Service

Opportunities
Massive Market Size of Insurtech
Challenges
Regulations Will Be Barriers for Startups of Insuretech

AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.

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Report Objectives / Segmentation Covered
By Application
  • Life Insurance
  • Health Insurance
  • Property and Casualty Insurance
  • Others
By Regions
  • 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
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Empowers Customers to Take Control of Their Insurance
      • 3.2.2. Quickly Summarize and Present the Most Relevant Product
      • 3.2.3. Rising Internet Based Business Ecosystem
    • 3.3. Market Challenges
      • 3.3.1. Regulations Will Be Barriers for Startups of Insuretech
    • 3.4. Market Trends
      • 3.4.1. Digitization of Processes and Personalization of Premiums
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global InsurTech, by Application and Region (value) (2013-2018)
    • 5.1. Introduction
    • 5.2. Global InsurTech (Value)
      • 5.2.1. Global InsurTech by: Application (Value)
        • 5.2.1.1. Life Insurance
        • 5.2.1.2. Health Insurance
        • 5.2.1.3. Property and Casualty Insurance
        • 5.2.1.4. Others
      • 5.2.2. Global InsurTech Region
        • 5.2.2.1. South America
          • 5.2.2.1.1. Brazil
          • 5.2.2.1.2. Argentina
          • 5.2.2.1.3. Rest of South America
        • 5.2.2.2. Asia Pacific
          • 5.2.2.2.1. China
          • 5.2.2.2.2. Japan
          • 5.2.2.2.3. India
          • 5.2.2.2.4. South Korea
          • 5.2.2.2.5. Taiwan
          • 5.2.2.2.6. Australia
          • 5.2.2.2.7. Rest of Asia-Pacific
        • 5.2.2.3. Europe
          • 5.2.2.3.1. Germany
          • 5.2.2.3.2. France
          • 5.2.2.3.3. Italy
          • 5.2.2.3.4. United Kingdom
          • 5.2.2.3.5. Netherlands
          • 5.2.2.3.6. Rest of Europe
        • 5.2.2.4. MEA
          • 5.2.2.4.1. Middle East
          • 5.2.2.4.2. Africa
        • 5.2.2.5. North America
          • 5.2.2.5.1. United States
          • 5.2.2.5.2. Canada
          • 5.2.2.5.3. Mexico
  • 6. InsurTech: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2018)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Friendsurance (Germany)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. Oscar (United States)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. ZhongAn (China)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Shift Technology (France)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Quantemplate (United Kingdom)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Allay (United Kingdom)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Analyze Re (Canada)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. GetInsured (United States)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Bayzat (United Arab Emirates)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Trov (United States)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
  • 7. Global InsurTech Sale, by Application and Region (value) (2019-2024)
    • 7.1. Introduction
    • 7.2. Global InsurTech (Value)
      • 7.2.1. Global InsurTech by: Application (Value)
        • 7.2.1.1. Life Insurance
        • 7.2.1.2. Health Insurance
        • 7.2.1.3. Property and Casualty Insurance
        • 7.2.1.4. Others
      • 7.2.2. Global InsurTech Region
        • 7.2.2.1. South America
          • 7.2.2.1.1. Brazil
          • 7.2.2.1.2. Argentina
          • 7.2.2.1.3. Rest of South America
        • 7.2.2.2. Asia Pacific
          • 7.2.2.2.1. China
          • 7.2.2.2.2. Japan
          • 7.2.2.2.3. India
          • 7.2.2.2.4. South Korea
          • 7.2.2.2.5. Taiwan
          • 7.2.2.2.6. Australia
          • 7.2.2.2.7. Rest of Asia-Pacific
        • 7.2.2.3. Europe
          • 7.2.2.3.1. Germany
          • 7.2.2.3.2. France
          • 7.2.2.3.3. Italy
          • 7.2.2.3.4. United Kingdom
          • 7.2.2.3.5. Netherlands
          • 7.2.2.3.6. Rest of Europe
        • 7.2.2.4. MEA
          • 7.2.2.4.1. Middle East
          • 7.2.2.4.2. Africa
        • 7.2.2.5. North America
          • 7.2.2.5.1. United States
          • 7.2.2.5.2. Canada
          • 7.2.2.5.3. Mexico
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. InsurTech: by Application(USD Million)
  • Table 2. InsurTech Life Insurance , by Region USD Million (2013-2018)
  • Table 3. InsurTech Health Insurance , by Region USD Million (2013-2018)
  • Table 4. InsurTech Property and Casualty Insurance , by Region USD Million (2013-2018)
  • Table 5. InsurTech Others , by Region USD Million (2013-2018)
  • Table 6. South America InsurTech, by Country USD Million (2013-2018)
  • Table 7. South America InsurTech, by Application USD Million (2013-2018)
  • Table 8. Brazil InsurTech, by Application USD Million (2013-2018)
  • Table 9. Argentina InsurTech, by Application USD Million (2013-2018)
  • Table 10. Rest of South America InsurTech, by Application USD Million (2013-2018)
  • Table 11. Asia Pacific InsurTech, by Country USD Million (2013-2018)
  • Table 12. Asia Pacific InsurTech, by Application USD Million (2013-2018)
  • Table 13. China InsurTech, by Application USD Million (2013-2018)
  • Table 14. Japan InsurTech, by Application USD Million (2013-2018)
  • Table 15. India InsurTech, by Application USD Million (2013-2018)
  • Table 16. South Korea InsurTech, by Application USD Million (2013-2018)
  • Table 17. Taiwan InsurTech, by Application USD Million (2013-2018)
  • Table 18. Australia InsurTech, by Application USD Million (2013-2018)
  • Table 19. Rest of Asia-Pacific InsurTech, by Application USD Million (2013-2018)
  • Table 20. Europe InsurTech, by Country USD Million (2013-2018)
  • Table 21. Europe InsurTech, by Application USD Million (2013-2018)
  • Table 22. Germany InsurTech, by Application USD Million (2013-2018)
  • Table 23. France InsurTech, by Application USD Million (2013-2018)
  • Table 24. Italy InsurTech, by Application USD Million (2013-2018)
  • Table 25. United Kingdom InsurTech, by Application USD Million (2013-2018)
  • Table 26. Netherlands InsurTech, by Application USD Million (2013-2018)
  • Table 27. Rest of Europe InsurTech, by Application USD Million (2013-2018)
  • Table 28. MEA InsurTech, by Country USD Million (2013-2018)
  • Table 29. MEA InsurTech, by Application USD Million (2013-2018)
  • Table 30. Middle East InsurTech, by Application USD Million (2013-2018)
  • Table 31. Africa InsurTech, by Application USD Million (2013-2018)
  • Table 32. North America InsurTech, by Country USD Million (2013-2018)
  • Table 33. North America InsurTech, by Application USD Million (2013-2018)
  • Table 34. United States InsurTech, by Application USD Million (2013-2018)
  • Table 35. Canada InsurTech, by Application USD Million (2013-2018)
  • Table 36. Mexico InsurTech, by Application USD Million (2013-2018)
  • Table 37. Company Basic Information, Sales Area and Its Competitors
  • Table 38. Company Basic Information, Sales Area and Its Competitors
  • Table 39. Company Basic Information, Sales Area and Its Competitors
  • Table 40. Company Basic Information, Sales Area and Its Competitors
  • Table 41. Company Basic Information, Sales Area and Its Competitors
  • Table 42. Company Basic Information, Sales Area and Its Competitors
  • Table 43. Company Basic Information, Sales Area and Its Competitors
  • Table 44. Company Basic Information, Sales Area and Its Competitors
  • Table 45. Company Basic Information, Sales Area and Its Competitors
  • Table 46. Company Basic Information, Sales Area and Its Competitors
  • Table 47. InsurTech: by Application(USD Million)
  • Table 48. InsurTech Life Insurance , by Region USD Million (2019-2024)
  • Table 49. InsurTech Health Insurance , by Region USD Million (2019-2024)
  • Table 50. InsurTech Property and Casualty Insurance , by Region USD Million (2019-2024)
  • Table 51. InsurTech Others , by Region USD Million (2019-2024)
  • Table 52. South America InsurTech, by Country USD Million (2019-2024)
  • Table 53. South America InsurTech, by Application USD Million (2019-2024)
  • Table 54. Brazil InsurTech, by Application USD Million (2019-2024)
  • Table 55. Argentina InsurTech, by Application USD Million (2019-2024)
  • Table 56. Rest of South America InsurTech, by Application USD Million (2019-2024)
  • Table 57. Asia Pacific InsurTech, by Country USD Million (2019-2024)
  • Table 58. Asia Pacific InsurTech, by Application USD Million (2019-2024)
  • Table 59. China InsurTech, by Application USD Million (2019-2024)
  • Table 60. Japan InsurTech, by Application USD Million (2019-2024)
  • Table 61. India InsurTech, by Application USD Million (2019-2024)
  • Table 62. South Korea InsurTech, by Application USD Million (2019-2024)
  • Table 63. Taiwan InsurTech, by Application USD Million (2019-2024)
  • Table 64. Australia InsurTech, by Application USD Million (2019-2024)
  • Table 65. Rest of Asia-Pacific InsurTech, by Application USD Million (2019-2024)
  • Table 66. Europe InsurTech, by Country USD Million (2019-2024)
  • Table 67. Europe InsurTech, by Application USD Million (2019-2024)
  • Table 68. Germany InsurTech, by Application USD Million (2019-2024)
  • Table 69. France InsurTech, by Application USD Million (2019-2024)
  • Table 70. Italy InsurTech, by Application USD Million (2019-2024)
  • Table 71. United Kingdom InsurTech, by Application USD Million (2019-2024)
  • Table 72. Netherlands InsurTech, by Application USD Million (2019-2024)
  • Table 73. Rest of Europe InsurTech, by Application USD Million (2019-2024)
  • Table 74. MEA InsurTech, by Country USD Million (2019-2024)
  • Table 75. MEA InsurTech, by Application USD Million (2019-2024)
  • Table 76. Middle East InsurTech, by Application USD Million (2019-2024)
  • Table 77. Africa InsurTech, by Application USD Million (2019-2024)
  • Table 78. North America InsurTech, by Country USD Million (2019-2024)
  • Table 79. North America InsurTech, by Application USD Million (2019-2024)
  • Table 80. United States InsurTech, by Application USD Million (2019-2024)
  • Table 81. Canada InsurTech, by Application USD Million (2019-2024)
  • Table 82. Mexico InsurTech, by Application USD Million (2019-2024)
  • Table 83. Research Programs/Design for This Report
  • Table 84. Key Data Information from Secondary Sources
  • Table 85. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global InsurTech: by Application USD Million (2013-2018)
  • Figure 5. South America InsurTech Share (%), by Country
  • Figure 6. Asia Pacific InsurTech Share (%), by Country
  • Figure 7. Europe InsurTech Share (%), by Country
  • Figure 8. MEA InsurTech Share (%), by Country
  • Figure 9. North America InsurTech Share (%), by Country
  • Figure 10. Global InsurTech share by Players 2018 (%)
  • Figure 11. Global InsurTech share by Players (Top 3) 2018(%)
  • Figure 12. Global InsurTech share by Players (Top 5) 2018(%)
  • Figure 13. BCG Matrix for key Companies
  • Figure 14. Friendsurance (Germany) Revenue, Net Income and Gross profit
  • Figure 15. Friendsurance (Germany) Revenue: by Geography 2018
  • Figure 16. Oscar (United States) Revenue, Net Income and Gross profit
  • Figure 17. Oscar (United States) Revenue: by Geography 2018
  • Figure 18. ZhongAn (China) Revenue, Net Income and Gross profit
  • Figure 19. ZhongAn (China) Revenue: by Geography 2018
  • Figure 20. Shift Technology (France) Revenue, Net Income and Gross profit
  • Figure 21. Shift Technology (France) Revenue: by Geography 2018
  • Figure 22. Quantemplate (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 23. Quantemplate (United Kingdom) Revenue: by Geography 2018
  • Figure 24. Allay (United Kingdom) Revenue, Net Income and Gross profit
  • Figure 25. Allay (United Kingdom) Revenue: by Geography 2018
  • Figure 26. Analyze Re (Canada) Revenue, Net Income and Gross profit
  • Figure 27. Analyze Re (Canada) Revenue: by Geography 2018
  • Figure 28. GetInsured (United States) Revenue, Net Income and Gross profit
  • Figure 29. GetInsured (United States) Revenue: by Geography 2018
  • Figure 30. Bayzat (United Arab Emirates) Revenue, Net Income and Gross profit
  • Figure 31. Bayzat (United Arab Emirates) Revenue: by Geography 2018
  • Figure 32. Trov (United States) Revenue, Net Income and Gross profit
  • Figure 33. Trov (United States) Revenue: by Geography 2018
  • Figure 34. Global InsurTech: by Application USD Million (2019-2024)
  • Figure 35. South America InsurTech Share (%), by Country
  • Figure 36. Asia Pacific InsurTech Share (%), by Country
  • Figure 37. Europe InsurTech Share (%), by Country
  • Figure 38. MEA InsurTech Share (%), by Country
  • Figure 39. North America InsurTech Share (%), by Country
Some of the key companies/manufacturers profiled in the report
  • Friendsurance (Germany)
  • Oscar (United States)
  • ZhongAn (China)
  • Shift Technology (France)
  • Quantemplate (United Kingdom)
  • Allay (United Kingdom)
  • Analyze Re (Canada)
  • GetInsured (United States)
  • Bayzat (United Arab Emirates)
  • Trov (United States)
Additional players considered in the study are as follows:
CyStellar (United Kingdom) , ThreatInformer (United Kingdom) , Homelyfe (United Kingdom)
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