Insurtech Market is anticipated to reach $158.99 billion by 2030, registering a CAGR of 32.7% from 2021 to 2030 during the forecast period. According to Allied’s report, the market is driven by recent technological advancements and the rapid launch of new products. The report covers an in-depth study of the latest market trends, major driving …
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Insurtech Market Outlook 2022 Analysis By Top Keyplayers | Majesco, Oscar Insurance, OutSystems
Allied Market Research published a report, titled, “Insurtech Market 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 …
Insurtech Market to Garner $158.99 Bn by 2030 at 32.7% CAGR
Major determinants of the market growth Rise in digitalization of business models, saturation of the insurance industry, and growth and consolidation of internet technologies have boosted the growth of the global insurtech market. However, privacy & transparency concerns and changes to legal & regulatory framework hinder the market growth. On the contrary, rapid growth in …
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