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Global InsurTech (Insurance Technology) Market Research Report 2025
Synopsis
Insurtech refers to technological innovations that are created and implemented to improve the efficiency of the insurance industry. Insurtech powers the creation, distribution, and administration of the insurance business.Technologies that are currently used in the insurtech field mainly covered Artificial intelligence (AI), Machine learning (ML), Internet of Things (IoT), Smartphone apps, Blockchain technology, etc.The report mainly counts InsurTech technology providers, third-party platforms, agency platforms and insurance IT is not covered.
The global InsurTech (Insurance Technology) market was valued at US$ 1220.5 million in 2023 and is anticipated to reach US$ 41290 million by 2030, witnessing a CAGR of 18.8% during the forecast period 2024-2030.
Global key players of Insurtech include DXC Technology, Damco Solutions, Wipro Limited, and Majesco, etc. The top four players hold a share over 1% respectively. In the view of region, North America and Europe, both have a share about 20%. In terms of application, the largest application is AI, followed by cloud computing, which account for a share of 35%, 25% respectively. Based on the application, the property and casualty, hold a share over 50%.
This report aims to provide a comprehensive presentation of the global market for InsurTech (Insurance Technology), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding InsurTech (Insurance Technology).
Report Scope
The InsurTech (Insurance Technology) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global InsurTech (Insurance Technology) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the InsurTech (Insurance Technology) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
Segment by Type
Cloud Computing
IoT
AI
Others
Segment by Application
Property and Casualty
Health
Life
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of InsurTech (Insurance Technology) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Insurtech refers to technological innovations that are created and implemented to improve the efficiency of the insurance industry. Insurtech powers the creation, distribution, and administration of the insurance business.Technologies that are currently used in the insurtech field mainly covered Artificial intelligence (AI), Machine learning (ML), Internet of Things (IoT), Smartphone apps, Blockchain technology, etc.The report mainly counts InsurTech technology providers, third-party platforms, agency platforms and insurance IT is not covered.
The global InsurTech (Insurance Technology) market was valued at US$ 1220.5 million in 2023 and is anticipated to reach US$ 41290 million by 2030, witnessing a CAGR of 18.8% during the forecast period 2024-2030.
Global key players of Insurtech include DXC Technology, Damco Solutions, Wipro Limited, and Majesco, etc. The top four players hold a share over 1% respectively. In the view of region, North America and Europe, both have a share about 20%. In terms of application, the largest application is AI, followed by cloud computing, which account for a share of 35%, 25% respectively. Based on the application, the property and casualty, hold a share over 50%.
This report aims to provide a comprehensive presentation of the global market for InsurTech (Insurance Technology), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding InsurTech (Insurance Technology).
Report Scope
The InsurTech (Insurance Technology) market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global InsurTech (Insurance Technology) market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the InsurTech (Insurance Technology) companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech
Segment by Type
Cloud Computing
IoT
AI
Others
Segment by Application
Property and Casualty
Health
Life
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of InsurTech (Insurance Technology) companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 11: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 12: The main points and conclusions of the report.
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global InsurTech (Insurance Technology) Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Cloud Computing
1.2.3 IoT
1.2.4 AI
1.2.5 Others
1.3 Market by Application
1.3.1 Global InsurTech (Insurance Technology) Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Property and Casualty
1.3.3 Health
1.3.4 Life
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global InsurTech (Insurance Technology) Market Perspective (2019-2030)
2.2 InsurTech (Insurance Technology) Growth Trends by Region
2.2.1 Global InsurTech (Insurance Technology) Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 InsurTech (Insurance Technology) Historic Market Size by Region (2019-2024)
2.2.3 InsurTech (Insurance Technology) Forecasted Market Size by Region (2025-2030)
2.3 InsurTech (Insurance Technology) Market Dynamics
2.3.1 InsurTech (Insurance Technology) Industry Trends
2.3.2 InsurTech (Insurance Technology) Market Drivers
2.3.3 InsurTech (Insurance Technology) Market Challenges
2.3.4 InsurTech (Insurance Technology) Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top InsurTech (Insurance Technology) Players by Revenue
3.1.1 Global Top InsurTech (Insurance Technology) Players by Revenue (2019-2024)
3.1.2 Global InsurTech (Insurance Technology) Revenue Market Share by Players (2019-2024)
3.2 Global InsurTech (Insurance Technology) Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by InsurTech (Insurance Technology) Revenue
3.4 Global InsurTech (Insurance Technology) Market Concentration Ratio
3.4.1 Global InsurTech (Insurance Technology) Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by InsurTech (Insurance Technology) Revenue in 2023
3.5 InsurTech (Insurance Technology) Key Players Head office and Area Served
3.6 Key Players InsurTech (Insurance Technology) Product Solution and Service
3.7 Date of Enter into InsurTech (Insurance Technology) Market
3.8 Mergers & Acquisitions, Expansion Plans
4 InsurTech (Insurance Technology) Breakdown Data by Type
4.1 Global InsurTech (Insurance Technology) Historic Market Size by Type (2019-2024)
4.2 Global InsurTech (Insurance Technology) Forecasted Market Size by Type (2025-2030)
5 InsurTech (Insurance Technology) Breakdown Data by Application
5.1 Global InsurTech (Insurance Technology) Historic Market Size by Application (2019-2024)
5.2 Global InsurTech (Insurance Technology) Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America InsurTech (Insurance Technology) Market Size (2019-2030)
6.2 North America InsurTech (Insurance Technology) Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America InsurTech (Insurance Technology) Market Size by Country (2019-2024)
6.4 North America InsurTech (Insurance Technology) Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe InsurTech (Insurance Technology) Market Size (2019-2030)
7.2 Europe InsurTech (Insurance Technology) Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe InsurTech (Insurance Technology) Market Size by Country (2019-2024)
7.4 Europe InsurTech (Insurance Technology) Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific InsurTech (Insurance Technology) Market Size (2019-2030)
8.2 Asia-Pacific InsurTech (Insurance Technology) Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific InsurTech (Insurance Technology) Market Size by Region (2019-2024)
8.4 Asia-Pacific InsurTech (Insurance Technology) Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America InsurTech (Insurance Technology) Market Size (2019-2030)
9.2 Latin America InsurTech (Insurance Technology) Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America InsurTech (Insurance Technology) Market Size by Country (2019-2024)
9.4 Latin America InsurTech (Insurance Technology) Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa InsurTech (Insurance Technology) Market Size (2019-2030)
10.2 Middle East & Africa InsurTech (Insurance Technology) Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa InsurTech (Insurance Technology) Market Size by Country (2019-2024)
10.4 Middle East & Africa InsurTech (Insurance Technology) Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Zipari
11.1.1 Zipari Company Detail
11.1.2 Zipari Business Overview
11.1.3 Zipari InsurTech (Insurance Technology) Introduction
11.1.4 Zipari Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.1.5 Zipari Recent Development
11.2 Corvus Insurance
11.2.1 Corvus Insurance Company Detail
11.2.2 Corvus Insurance Business Overview
11.2.3 Corvus Insurance InsurTech (Insurance Technology) Introduction
11.2.4 Corvus Insurance Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.2.5 Corvus Insurance Recent Development
11.3 Wipro Limited
11.3.1 Wipro Limited Company Detail
11.3.2 Wipro Limited Business Overview
11.3.3 Wipro Limited InsurTech (Insurance Technology) Introduction
11.3.4 Wipro Limited Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.3.5 Wipro Limited Recent Development
11.4 DXC Technology Company
11.4.1 DXC Technology Company Company Detail
11.4.2 DXC Technology Company Business Overview
11.4.3 DXC Technology Company InsurTech (Insurance Technology) Introduction
11.4.4 DXC Technology Company Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.4.5 DXC Technology Company Recent Development
11.5 Majesco
11.5.1 Majesco Company Detail
11.5.2 Majesco Business Overview
11.5.3 Majesco InsurTech (Insurance Technology) Introduction
11.5.4 Majesco Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.5.5 Majesco Recent Development
11.6 OutSystems
11.6.1 OutSystems Company Detail
11.6.2 OutSystems Business Overview
11.6.3 OutSystems InsurTech (Insurance Technology) Introduction
11.6.4 OutSystems Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.6.5 OutSystems Recent Development
11.7 Damco Solutions
11.7.1 Damco Solutions Company Detail
11.7.2 Damco Solutions Business Overview
11.7.3 Damco Solutions InsurTech (Insurance Technology) Introduction
11.7.4 Damco Solutions Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.7.5 Damco Solutions Recent Development
11.8 Octo
11.8.1 Octo Company Detail
11.8.2 Octo Business Overview
11.8.3 Octo InsurTech (Insurance Technology) Introduction
11.8.4 Octo Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.8.5 Octo Recent Development
11.9 ControlExpert
11.9.1 ControlExpert Company Detail
11.9.2 ControlExpert Business Overview
11.9.3 ControlExpert InsurTech (Insurance Technology) Introduction
11.9.4 ControlExpert Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.9.5 ControlExpert Recent Development
11.10 Sureify
11.10.1 Sureify Company Detail
11.10.2 Sureify Business Overview
11.10.3 Sureify InsurTech (Insurance Technology) Introduction
11.10.4 Sureify Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.10.5 Sureify Recent Development
11.11 iSoftStone
11.11.1 iSoftStone Company Detail
11.11.2 iSoftStone Business Overview
11.11.3 iSoftStone InsurTech (Insurance Technology) Introduction
11.11.4 iSoftStone Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.11.5 iSoftStone Recent Development
11.12 eBaoTech
11.12.1 eBaoTech Company Detail
11.12.2 eBaoTech Business Overview
11.12.3 eBaoTech InsurTech (Insurance Technology) Introduction
11.12.4 eBaoTech Revenue in InsurTech (Insurance Technology) Business (2019-2024)
11.12.5 eBaoTech Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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