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 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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