Allied Market Research published a report, titled, βInsurtech MarketΒ by Offering (Solution and Service), Deployment Model (On-premise and Cloud), Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics, IoT, and Others), End User (Life & Health Insurance and Property and Casualty (P&C) Insurance), and Application (Product Development & Underwriting, Sales & Marketing, Policy Admin Collection & Disbursement, and Claims Management): Global Opportunity Analysis and Industry Forecast, 2021-2030β.
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The report offers an extensive analysis of changing market dynamics, key investment pockets, major segments, value chain analysis, competitive landscape, and investment feasibility. The research offers a detailed analysis of drivers, restraints, and opportunities of the global Insurtech market. These insights provide necessary guidance to determine driving factors and implement strategies to gain a sustainable growth and tap on opportunities to explore the potential of the market.
The research provides a comprehensive analysis of driving factors, restraining factors, and opportunities of the global Insurtech market. This analysis is helpful in identifying driving forces, achieving maximum growth, and adopting strategies to sustain in the market. Furthermore, investors, market players, and new entrants are able to gain insights to explore the Insurtech market potential, avail new opportunities, and gain the competitive advantage. Detailed elaboration of each factor is mentioned in the report to help market players in thorough understanding.
Scope of the Report: –
| Report Attribute | Details |
| Revenue forecast in 2030 | $158,994.52 million |
| Growth rate | CAGR of 32.7% from 2021 to 2030 |
| Forecast period | 2021 – 2031 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Regional scope | North America, Europe, Asia Pacific, Latin America, MEA |
| Country scope | U.S., Canada, Germany, U.K., France, Italy, Spain, Japan, China, India, South Korea, Australia, Brazil, Mexico, South Africa, Saudi Arabia |
| Key companies profiled | Damco Group, DXC Technology Company, Majesco, Oscar Insurance, OutSystems, Quantemplate, Shift Technology, Trov Insurance Solutions, LLC, Wipro Limited, and Zhongan Insurance. Access Table PDF |
Extensive Segmentation
By Offering
β’ Solution
β’ Service
By Deployment Model
β’ On-premise
β’ Cloud
By Technology
β’ Artificial Intelligence
β’ Cloud Computing
β’ Blockchain
β’ Big Data & Business Analytics
β’ IoT
β’ Others
By End User
β’ Life & Health Insurance
β’ Property and Casualty (P&C) Insurance
o Auto Insurance
o Buildings Insurance
ο§ Commercial Buildings Insurance
ο§ Home Insurance
ο§ Dwelling Coverage
ο§ Contents Coverage
o Marine Insurance
o Liability Insurance
o Others
By Application
β’ Product Development & Underwriting
β’ Sales & Marketing
β’ Policy Admin Collection & Disbursement
β’ Claims Management
For Full TOC check out the Report@ https://www.alliedmarketresearch.com/insurtech-market-A12373
An extensive analysis of each segment and sub-segment is offered in the research with in graphical and tabular formats. This analysis is helpful in determining the highest revenue generating and fastest growing segments and implementing different strategies to achieve the growth during the forecast period.
The research provides a detailed competitive scenario of the global Insurtech market for every region. Regions analyzes in the report include North America (United States, Mexico, and Canada), Europe (The U.K., Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). Aforementioned segments are analyzed for each region in the research. The data and statistics mentioned in the report provide a valuable guidance to determine the untapped potential in different regions markets and adopting various strategies. AMR also offers customization services for particular regions and segments as per the requirements.
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Covid-19 impact Analysis
- Manufacturing activities of Insurtech market halted due to lockdown measures taken place across many countries. Moreover, supply chain disruptions and shortage of raw materials created challenges in carrying out manufacturing in full capacity.
- The demand from end use industries reduced significantly due to halt in day-to-day operations during lockdown. However, the demand would grow steadily during post-lockdown as daily operations get back on track.
- The ban on import-export activities led to supply chain disruption and supply-demand gap. As the restrictions are lifted off, the supply chain will be restored.
The report offers a detailed scenario of the global Insurtech market during the Covid-19 pandemic. These insights are helpful for market players, investors, startups, and others to revise their strategies and minimize the impact on their businesses. The impact mentioned in the report is the result of thorough research.
Competitive Landscape
The report offers a detailed analysis of major market players operating in the global Insurtech market. The leading market players profiled in the report are Damco Group, DXC Technology Company, Majesco, Oscar Insurance, OutSystems, Quantemplate, Shift Technology, Trov Insurance Solutions, LLC, Wipro Limited, and Zhongan Insurance. The competitive landscaope and the strategies adopted by market players are mentioned in the report. Β These Insurtech market players have adopted various strategies such as new product launches, partnerships, joint ventures, collaborations, mergers and acquisitions, expansion, and others to avail sustainable growth and strengthen their presence in the global Insurtech market.
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