We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Industry News

Categories

  • Industry Articles (17,075)
  • Industry Conferences (3)
  • Industry Job Openings (3)
  • Negative Media (139)
  • Positive Media (73)
  • Sheryl's Articles (626)
  • Sheryl's Blogs (181)
  • Wink's Articles (250)
  • Wink's Blogs (225)
  • Wink's Press Releases (95)
  • Blog Archives

  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • August 2006
  • InsurTech Market to grow by USD 21.72 billion during 2020-2024, Alan SA and Clover Health emerge as Key Contributors to growth| 17,000+ Technavio Reports

    June 8, 2021 by Technavio


    NEW YORKJune 4, 2021 /PRNewswire/ — Technavio has been monitoring the Insurtech market and it is poised to grow by USD 21.72 billion during 2020-2024, progressing at a CAGR of over 36% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. 

    Impact of COVID-19

    The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. 

    Frequently Asked Questions:

    • Based on segmentation by value chain positioning, which is the leading segment in the market? 

      The marketing and distribution segment led the market and will continue to dominate the market growth during the forecast period.
    • What is the major trend in the market? 

      The integration of Big Data and AI in InsurTech will emerge as the key trend in the market
    • At what rate is the market projected to grow?

      The market is projected to grow at a CAGR of over 36% during the forecast period.
    • What is the key challenge?

      High cost of investment will challenge the market growth during the next few years.
    •  How big is the Europe market?

      46% of the growth will originate from Europe.

    Related Report on Information Technology Include:

    Insurance Software Market by Deployment and Geography – Forecast and Analysis 2021-2025: The insurance software market size is expected to grow by USD 7.29 billion and record a CAGR of 8.09% during 2021-2025, according to Technavio. Download PDF Sample

    Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

    View market snapshot before purchasing

    The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alan SA, Clover Health, Cytora Ltd., Haven Life Insurance Agency LLC, Oscar Insurance Corp., Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, Trov Insurance Solutions LLC, and ZhongAn Online P&C Insurance Co. Ltd. are some of the major market participants.  The influence of digitization will offer immense growth opportunities, but high cost of investment is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this insurtech market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

    Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

    InsurTech Market 2020-2024: Segmentation

    InsurTech Market is segmented as below:

    • Market Landscape
      • Marketing And Distribution
      • IT Support
      • Policy Administration And Management
      • Claim Management
      • Others
    • Geographic
      • North America
      • Europe
      • APAC
      • MEA
      • South America

    To learn more about the global trends impacting the future of market research, download a free sample:

    https://www.technavio.com/talk-to-us?report=IRTNTR45277

    InsurTech Market 2020-2024: Scope

    Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The insurtech market report covers the following areas:

    • InsurTech Market Size
    • InsurTech Market Trends
    • InsurTech Market Industry Analysis

    This study identifies the integration of Big Data and AI in InsurTech as one of the prime reasons driving the InsurTech Market growth during the next few years.

    Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

    Register for a free trial today and gain instant access to 17,000+ market research reports. 

    Technavio’s SUBSCRIPTION platform

    InsurTech Market 2020-2024: Key Highlights

    • CAGR of the market during the forecast period 2020-2024
    • Detailed information on factors that will assist insurtech market growth during the next five years
    • Estimation of the insurtech market size and its contribution to the parent market
    • Predictions on upcoming trends and changes in consumer behavior
    • The growth of the insurtech market across North AmericaEurope, APAC, MEA, and South America
    • Analysis of the market’s competitive landscape and detailed information on vendors
    • Comprehensive details of factors that will challenge the growth of insurtech market vendors

    Table of Contents:

    Executive Summary

    Market Landscape

    • Market ecosystem
    • COVID-19 impact on IT sector

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2019
    • Market outlook: Forecast for 2019 – 2024

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Value Chain Positioning

    • Market segments
    • Comparison by value chain positioning
    • Marketing and distribution – Market size and forecast 2019-2024
    • IT support – Market size and forecast 2019-2024
    • Policy administration and management – Market size and forecast 2019-2024
    • Claim management – Market size and forecast 2019-2024
    • Others – Market size and forecast 2019-2024
    • Market opportunity by value chain positioning

    Customer landscape

    • Overview

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • North America – Market size and forecast 2019-2024
    • Europe – Market size and forecast 2019-2024
    • APAC – Market size and forecast 2019-2024
    • MEA – Market size and forecast 2019-2024
    • South America – Market size and forecast 2019-2024
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Overview
    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Alan SA
    • Clover Health
    • Cytora Ltd.
    • Haven Life Insurance Agency LLC
    • Oscar Insurance Corp.
    • Quantemplate Technologies Inc.
    • Shift Technology
    • simplesurance GmbH
    • Trov Insurance Solutions LLC
    • ZhongAn Online P&C Insurance Co. Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    About Us

    Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

    Contact

    Technavio Research

    Jesse Maida

    Media & Marketing Executive

    US: +1 844 364 1100

    UK: +44 203 893 3200

    Email: media@technavio.com

    Website: www.technavio.com/

    Report: https://www.technavio.com/report/insurtech-market-industry-analysis

    SOURCE Technavio

    Originally Posted at CISION PR Newswire on June 4, 2021 by Technavio.

    Categories: Industry Articles
    currency