Global InsurTech Market Comprehensive Analysis and Forecast 2024 to 2030
Global InsurTech Market Overview: 2024-2030
Base Year: 2023
Historical Years: 2019-22
Forecast Years: 2024-2030
The Global InsurTech Market size is projected to grow at a CAGR of around 35% during the forecast period, i.e., 2024-30. The Global InsurTech Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s Global InsurTech Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, Global InsurTech Market drivers, barriers, Global InsurTech Market Trends, and Key Players in Global InsurTech Market.
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Global InsurTech Market Dynamics: 2024-2030
Global InsurTech Market Driver:
Digital Transformation of Insurance Sector – The rapidly changing business models, constant technological advancements in services & solutions, and increasing support from the governments of different countries are promoting digital transformation in the insurance industry. All these factors are propelling the demand for InsurTech solutions substantially and globally. It, in turn, is displaying an increasing adoption of these solutions among insurance companies to leverage their offerings & expand reachability across different regions worldwide, thereby driving the Global Insurtech Market in the coming years.
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Global InsurTech Market (2024-30): Segmentation Outlook
The market report has segmented the market into the following categories:
By Technology
-Block chain
-Cloud Computing
-Internet of Things (IoT)
-Machine Learning (ML)
-Artificial Intelligence (AI)
-Drones
By Deployment Mode
-On-Premise
-Cloud
By Application
-Life and Accident Insurance
-Health and Medical Insurance
-P&C Insurance
-Commercial Insurance
-Insurance Administration and Risk Consulting
-Annuities
By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific.
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Top Companies Operating in the Global InsurTech Market:
Trov Inc., Oscar Insurance, Policy Bazaar, Quantemplate, Clover Health Insurance, Tractable, Anorak Technologies, Majesco, Cytora Ltd., Zhongan Insurance, DXC Technology Company, Damco Group, OutSystems, Shift Technology, Wipro Limited and others.
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