2018-2023 Global Insurtech Market Report (Status and Outlook)

September 2018 | 138 pages | ID: 2011D05F647EN
LP Information

Abstracts

The report requires updating with new data and is sent in 48 hours after order is placed.

In this report, LP Information studies the present scenario (with the base year being 2017) and the growth prospects of global Insurtech market for 2018-2023.

Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech. The belief driving insurtech companies is that the insurance industry is ripe for innovation and disruption. Insurtech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from internet-enabled devices to dynamically price premiums according to observed behavior.
Traditionally, broad actuarial tables are used to assign policy seekers to a risk category. The group is then adjusted so enough people are lumped together to ensure that, overall, the policies are profitable for the company. This approach does, of course, result in some people paying more than they should based on the basic level of data used to group people. Among other things, insurtech is looking to tackle this data and analysis issue head on. Using inputs from all manners of devices, including GPS tracking of cars to the activity trackers on our wrists, these companies are building more finely delineated groupings of risk, allowing products to be priced more competitively. In addition to better pricing models, insurtech startups are testing the waters on a host of potential game changers. These include using deep learning trained artificial intelligence (AI) to handle the tasks of brokers and find the right mix of policies to complete an individual’s coverage. There is also interest in the use of apps to pull disparate policies into one platform for management and monitoring, creating on-demand insurance for micro-events like borrowing a friend's car, and the adoption of the peer-to-peer model to both create customized group coverage and incentivize positive choices through group rebates.
Over the next five years, LPI(LP Information) projects that Insurtech will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Insurtech market by product type, application, key companies and key regions.

To calculate the market size, LP Information considers value generated from the sales of the following segments:

Segmentation by product type:

• Cloud Computing
• Big data and Analytics
• Mobility
• Block Chain
• Artificial Intelligence
• IoT

Segmentation by application:

• Commercial P&C insurance
• Personal P&C insurance
• Health and medical insurance
• Life and accident insurance
• Insurance administration and risk consulting
• Annuities

We can also provide the customized separate regional or country-level reports, for the following regions:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:

• Friendsurance
• Guevara
• Oscars
• Zhong An
• Acculitx
• Allay
• Analyze Re
• Array Health
• BankBazaarcom
• Bayzat
• Bought By Many
• Censio
• Claim Di
• Collective Health
• Common Easy
• CoverFox
• CoverHound
• Cuvva
• Dynamis Software
• EaseCentral

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives

• To study and analyze the global Insurtech market size by key regions/countries, product type and application.
• To understand the structure of Insurtech market by identifying its various subsegments.
• Focuses on the key global Insurtech players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
• To analyze the Insurtech with respect to individual growth trends, future prospects, and their contribution to the total market.
• To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
• To project the size of Insurtech submarkets, with respect to key regions (along with their respective key countries).
• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
• To strategically profile the key players and comprehensively analyze their growth strategies.

Contents

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Insurtech Market Size 2018-2023
  2.1.2 Insurtech Market Size CAGR by Region
2.2 Insurtech Segment by Type
  2.2.1 Cloud Computing
  2.2.2 Big data and Analytics
  2.2.3 Social Media
  2.2.4 Mobility
  2.2.5 Block Chain
  2.2.6 Artificial Intelligence
  2.2.7 IoT
2.3 Insurtech Market Size by Type
  2.3.1 Global Insurtech Market Size Market Share by Type (2018-2023)
  2.3.2 Global Insurtech Market Size Growth Rate by Type (2018-2023)
2.4 Insurtech Segment by Application
  2.4.1 Commercial P&C insurance
  2.4.2 Personal P&C insurance
  2.4.3 Health and medical insurance
  2.4.4 Life and accident insurance
  2.4.5 Insurance administration and risk consulting
  2.4.6 Annuities
2.5 Insurtech Market Size by Application
  2.5.1 Global Insurtech Market Size Market Share by Application (2018-2023)
  2.5.2 Global Insurtech Market Size Growth Rate by Application (2018-2023)

3 INSURTECH KEY PLAYERS

3.1 Date of Key Players Enter into Insurtech
3.2 Key Players Insurtech Product Offered
3.3 Key Players Insurtech Funding/Investment Analysis
3.4 Funding/Investment
  3.4.1 Funding/Investment by Regions
  3.4.2 Funding/Investment by End Industry
3.5 Key Players Insurtech Valuation & Market Capitalization
3.6 Key Players Mergers & Acquisitions, Expansion Plans
3.7 Market Ranking
3.8 New Product/Technology Launches
3.9 Partnerships, Agreements, and Collaborations
3.10 Mergers and Acquisitions

4 INSURTECH BY REGIONS

4.1 Insurtech Market Size by Regions
4.2 Americas Insurtech Market Size Growth
4.3 APAC Insurtech Market Size Growth
4.4 Europe Insurtech Market Size Growth

5 AMERICAS

5.1 Americas Insurtech Market Size by Countries
5.2 Americas Insurtech Market Size by Type
5.3 Americas Insurtech Market Size by Application
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Key Economic Indicators of Few Americas Countries

6 APAC

6.1 APAC Insurtech Market Size by Countries
6.2 APAC Insurtech Market Size by Type
6.3 APAC Insurtech Market Size by Application
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 Key Economic Indicators of Few APAC Countries

7 EUROPE

7.1 Europe Insurtech by Countries
7.2 Europe Insurtech Market Size by Type
7.3 Europe Insurtech Market Size by Application
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
7.9 Key Economic Indicators of Few Europe Countries

8 MARKET DRIVERS, CHALLENGES AND TRENDS

8.1 Market Drivers and Impact
  8.1.1 Growing Demand from Key Regions
  8.1.2 Growing Demand from Key Applications and Potential Industries
8.2 Market Challenges and Impact
8.3 Market Trends
8.4 Market Ecosystem and Roles

9 KEY INVESTORS IN INSURTECH

9.1 Company A
  9.1.1 Company A Company Details
  9.1.2 Company Description
  9.1.3 Companies Invested by Company A
  9.1.4 Company A Key Development and Market Layout
9.2 Company B
  9.2.1 Company B Company Details
  9.2.2 Company Description
  9.2.3 Companies Invested by Company B
  9.2.4 Company B Key Development and Market Layout
9.3 Company C
  9.3.1 Company C Company Details
  9.3.2 Company Description
  9.3.3 Companies Invested by Company C
  9.3.4 Company C Key Development and Market Layout
9.4 Company D
  9.4.1 Company D Company Details
  9.4.2 Company Description
  9.4.3 Companies Invested by Company D
  9.4.4 Company D Key Development and Market Layout

…

10 KEY PLAYERS ANALYSIS

10.1 Friendsurance
  10.1.1 Company Details
  10.1.2 Insurtech Product Offered
  10.1.3 Friendsurance Insurtech Market Size
  10.1.4 Main Business Overview
  10.1.5 Friendsurance News
10.2 Guevara
  10.2.1 Company Details
  10.2.2 Insurtech Product Offered
  10.2.3 Guevara Insurtech Market Size
  10.2.4 Main Business Overview
  10.2.5 Guevara News
10.3 Oscars
  10.3.1 Company Details
  10.3.2 Insurtech Product Offered
  10.3.3 Oscars Insurtech Market Size
  10.3.4 Main Business Overview
  10.3.5 Oscars News
10.4 Zhong An
  10.4.1 Company Details
  10.4.2 Insurtech Product Offered
  10.4.3 Zhong An Insurtech Market Size
  10.4.4 Main Business Overview
  10.4.5 Zhong An News
10.5 Acculitx
  10.5.1 Company Details
  10.5.2 Insurtech Product Offered
  10.5.3 Acculitx Insurtech Market Size
  10.5.4 Main Business Overview
  10.5.5 Acculitx News
10.6 Allay
  10.6.1 Company Details
  10.6.2 Insurtech Product Offered
  10.6.3 Allay Insurtech Market Size
  10.6.4 Main Business Overview
  10.6.5 Allay News
10.7 Analyze Re
  10.7.1 Company Details
  10.7.2 Insurtech Product Offered
  10.7.3 Analyze Re Insurtech Market Size
  10.7.4 Main Business Overview
  10.7.5 Analyze Re News
10.8 Array Health
  10.8.1 Company Details
  10.8.2 Insurtech Product Offered
  10.8.3 Array Health Insurtech Market Size
  10.8.4 Main Business Overview
  10.8.5 Array Health News
10.9 BankBazaarcom
  10.9.1 Company Details
  10.9.2 Insurtech Product Offered
  10.9.3 BankBazaarcom Insurtech Market Size
  10.9.4 Main Business Overview
  10.9.5 BankBazaarcom News
10.10 Bayzat
  10.10.1 Company Details
  10.10.2 Insurtech Product Offered
  10.10.3 Bayzat Insurtech Market Size
  10.10.4 Main Business Overview
  10.10.5 Bayzat News
10.11 Bought By Many
10.12 Censio
10.13 Claim Di
10.14 Collective Health
10.15 Common Easy
10.16 CoverFox
10.17 CoverHound
10.18 Cuvva
10.19 Dynamis Software
10.20 EaseCentral

11 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES AND FIGURES

Figure Picture of Insurtech
Figure Insurtech Report Years Considered
Figure Market Research Methodology
Figure Global Insurtech Market Size Growth Rate 2018-2023 ($ Millions)
Table Insurtech Market Size CAGR by Region 2018-2023 ($ Millions)
Table Major Players of Cloud Computing
Table Major Players of Big data and Analytics
Table Major Players of Social Media
Table Major Players of Mobility
Table Major Players of Block Chain
Table Major Players of Artificial Intelligence
Table Major Players of IoT
Table Global Market Size by Type (2018-2023) ($ Millions)
Table Global Insurtech Market Size Market Share by Type (2018-2023)
Figure Global Insurtech Market Size Market Share by Type (2018-2023)
Figure Global Cloud Computing Market Size Growth Rate
Figure Global Big data and Analytics Market Size Growth Rate
Figure Global Social Media Market Size Growth Rate
Figure Global Mobility Market Size Growth Rate
Figure Global Block Chain Market Size Growth Rate
Figure Global Artificial Intelligence Market Size Growth Rate
Figure Global IoT Market Size Growth Rate
Figure Insurtech Consumed in Commercial P&C insurance
Figure Global Insurtech Market: Commercial P&C insurance (2018-2023) ($ Millions)
Figure Global Commercial P&C insurance YoY Growth ($ Millions)
Figure Insurtech Consumed in Personal P&C insurance
Figure Global Insurtech Market: Personal P&C insurance (2018-2023) ($ Millions)
Figure Global Personal P&C insurance YoY Growth ($ Millions)
Figure Insurtech Consumed in Health and medical insurance
Figure Global Insurtech Market: Health and medical insurance (2018-2023) ($ Millions)
Figure Global Health and medical insurance YoY Growth ($ Millions)
Figure Insurtech Consumed in Life and accident insurance
Figure Global Insurtech Market: Life and accident insurance (2018-2023) ($ Millions)
Figure Global Life and accident insurance YoY Growth ($ Millions)
Figure Insurtech Consumed in Insurance administration and risk consulting
Figure Global Insurtech Market: Insurance administration and risk consulting (2018-2023) ($ Millions)
Figure Global Insurance administration and risk consulting YoY Growth ($ Millions)
Table Global Insurtech Market Size by Application (2018-2023) ($ Millions)
Table Global Insurtech Market Size Market Share by Application (2018-2023)
Figure Global Insurtech Market Size Market Share by Application (2018-2023)
Figure Global Insurtech Market Size in Commercial P&C insurance Growth Rate
Figure Global Insurtech Market Size in Personal P&C insurance Growth Rate
Figure Global Insurtech Market Size in Health and medical insurance Growth Rate
Figure Global Insurtech Market Size in Life and accident insurance Growth Rate
Figure Global Insurtech Market Size in Insurance administration and risk consulting Growth Rate
Figure Global Insurtech Market Size in Annuities Growth Rate
Table Date of Global Key Players Enter into Insurtech Market
Table Global Key Players Insurtech Product Offered
Table Key Players Insurtech Funding/Investment ($ Millions)
Figure Funding/Investment
Table Funding/Investment by Regions
Table Funding/Investment by End Industry
Table Key Players Insurtech Valuation & Market Capitalization ($ Millions)
Table Key Players Mergers & Acquisitions, Expansion Plans
Table Global Insurtech Market Size by Regions 2018-2023 ($ Millions)
Table Global Insurtech Market Size Market Share by Regions 2018-2023
Figure Global Insurtech Market Size Market Share by Regions 2018-2023
Figure Americas Insurtech Market Size 2018-2023 ($ Millions)
Figure APAC Insurtech Market Size 2018-2023 ($ Millions)
Figure Europe Insurtech Market Size 2018-2023 ($ Millions)
Table Americas Insurtech Market Size by Countries (2018-2023) ($ Millions)
Table Americas Insurtech Market Size Market Share by Countries (2018-2023)
Figure Americas Insurtech Market Size Market Share by Countries in 2018
Table Americas Insurtech Market Size by Type (2018-2023) ($ Millions)
Table Americas Insurtech Market Size Market Share by Type (2018-2023)
Figure Americas Insurtech Market Size Market Share by Type in 2018
Table Americas Insurtech Market Size by Application (2018-2023) ($ Millions)
Table Americas Insurtech Market Size Market Share by Application (2018-2023)
Figure Americas Insurtech Market Size Market Share by Application in 2018
Figure United States Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Canada Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Mexico Insurtech Market Size Growth 2018-2023 ($ Millions)
Table APAC Insurtech Market Size by Countries (2018-2023) ($ Millions)
Table APAC Insurtech Market Size Market Share by Countries (2018-2023)
Figure APAC Insurtech Market Size Market Share by Countries in 2018
Table APAC Insurtech Market Size by Type (2018-2023) ($ Millions)
Table APAC Insurtech Market Size Market Share by Type (2018-2023)
Figure APAC Insurtech Market Size Market Share by Type in 2018
Table APAC Insurtech Market Size by Application (2018-2023) ($ Millions)
Table APAC Insurtech Market Size Market Share by Application (2018-2023)
Figure APAC Insurtech Market Size Market Share by Application in 2018
Figure China Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Japan Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Korea Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Southeast Asia Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure India Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Australia Insurtech Market Size Growth 2018-2023 ($ Millions)
Table Europe Insurtech Market Size by Countries (2018-2023) ($ Millions)
Table Europe Insurtech Market Size Market Share by Countries (2018-2023)
Figure Europe Insurtech Market Size Market Share by Countries in 2018
Table Europe Insurtech Market Size by Type (2018-2023) ($ Millions)
Table Europe Insurtech Market Size Market Share by Type (2018-2023)
Figure Europe Insurtech Market Size Market Share by Type in 2018
Table Europe Insurtech Market Size by Application (2018-2023) ($ Millions)
Table Europe Insurtech Market Size Market Share by Application (2018-2023)
Figure Europe Insurtech Market Size Market Share by Application in 2018
Figure Germany Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure France Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure UK Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Italy Insurtech Market Size Growth 2018-2023 ($ Millions)
Figure Russia Insurtech Market Size Growth 2018-2023 ($ Millions)
Table Company A Company Details
Table Companies Invested by Company A
Table Company A Key Development and Market Layout
Table Company B Company Details
Table Companies Invested by Company B
Table Company B Key Development and Market Layout
Table Company C Company Details
Table Companies Invested by Company C
Table Company C Key Development and Market Layout
Table Company C Company Details
Table Companies Invested by Company C
Table Company C Key Development and Market Layout
Table Friendsurance Basic Information, Head Office, Major Market Areas and Its Competitors
Table Friendsurance Insurtech Market Size
Table Guevara Basic Information, Head Office, Major Market Areas and Its Competitors
Table Guevara Insurtech Market Size
Table Oscars Basic Information, Head Office, Major Market Areas and Its Competitors
Table Oscars Insurtech Market Size
Table Zhong An Basic Information, Head Office, Major Market Areas and Its Competitors
Table Zhong An Insurtech Market Size
Table Acculitx Basic Information, Head Office, Major Market Areas and Its Competitors
Table Acculitx Insurtech Market Size
Table Allay Basic Information, Head Office, Major Market Areas and Its Competitors
Table Allay Insurtech Market Size
Table Analyze Re Basic Information, Head Office, Major Market Areas and Its Competitors
Table Analyze Re Insurtech Market Size
Table Array Health Basic Information, Head Office, Major Market Areas and Its Competitors
Table Array Health Insurtech Market Size
Table BankBazaarcom Basic Information, Head Office, Major Market Areas and Its Competitors
Table BankBazaarcom Insurtech Market Size
Table Bayzat Basic Information, Head Office, Major Market Areas and Its Competitors
Table Bayzat Insurtech Market Size
Table Bought By Many Basic Information, Head Office, Major Market Areas and Its Competitors
Table Censio Basic Information, Head Office, Major Market Areas and Its Competitors
Table Claim Di Basic Information, Head Office, Major Market Areas and Its Competitors
Table Collective Health Basic Information, Head Office, Major Market Areas and Its Competitors
Table Common Easy Basic Information, Head Office, Major Market Areas and Its Competitors
Table CoverFox Basic Information, Head Office, Major Market Areas and Its Competitors
Table CoverHound Basic Information, Head Office, Major Market Areas and Its Competitors
Table Cuvva Basic Information, Head Office, Major Market Areas and Its Competitors
Table Dynamis Software Basic Information, Head Office, Major Market Areas and Its Competitors
Table EaseCentral Basic Information, Head Office, Major Market Areas and Its Competitors