Global Insuretech Market Growth (Status and Outlook) 2023-2029

February 2023 | 86 pages | ID: G4BA375F326EN
LP Information

Abstracts

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

Insuretech (also called Insurtech) is transforming the insurance industry with new technology to improve customer experience, simplify policy management, and increase competition.

LPI (LP Information)' newest research report, the “Insuretech Industry Forecast” looks at past sales and reviews total world Insuretech sales in 2022, providing a comprehensive analysis by region and market sector of projected Insuretech sales for 2023 through 2029. With Insuretech sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Insuretech industry.

This Insight Report provides a comprehensive analysis of the global Insuretech landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Insuretech portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Insuretech market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Insuretech and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Insuretech.

The global Insuretech market size is projected to grow from US$ 672.7 million in 2022 to US$ 1690.1 million in 2029; it is expected to grow at a CAGR of 14.1% from 2023 to 2029.

United States market for Insuretech is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

China market for Insuretech is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Europe market for Insuretech is estimated to increase from US$ million in 2022 to US$ million by 2029, at a CAGR of % from 2023 through 2029.

Global key Insuretech players cover Quantemplate, Slice, Neos, Shift Technology, Lemonade, Oscar Health, Acko General Insurance and ZhongAn, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2022.

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

Market Segmentation:

Segmentation by type

• Products
• Services

Segmentation by application

• SMEs
• Large Enterprises

This report also splits the market by region:

• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• Korea
• Southeast Asia
• India
• Australia
• Europe
• Germany
• France
• UK
• Italy
• Russia
• Middle East & Africa
• Egypt
• South Africa
• Israel
• Turkey
• GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

• Quantemplate
• Slice
• Neos
• Shift Technology
• Lemonade
• Oscar Health
• Acko General Insurance
• ZhongAn

Contents

1 SCOPE OF THE REPORT

1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats

2 EXECUTIVE SUMMARY

2.1 World Market Overview
  2.1.1 Global Insuretech Market Size 2018-2029
  2.1.2 Insuretech Market Size CAGR by Region 2018 VS 2022 VS 2029
2.2 Insuretech Segment by Type
  2.2.1 Products
  2.2.2 Services
2.3 Insuretech Market Size by Type
  2.3.1 Insuretech Market Size CAGR by Type (2018 VS 2022 VS 2029)
  2.3.2 Global Insuretech Market Size Market Share by Type (2018-2023)
2.4 Insuretech Segment by Application
  2.4.1 SMEs
  2.4.2 Large Enterprises
2.5 Insuretech Market Size by Application
  2.5.1 Insuretech Market Size CAGR by Application (2018 VS 2022 VS 2029)
  2.5.2 Global Insuretech Market Size Market Share by Application (2018-2023)

3 INSURETECH MARKET SIZE BY PLAYER

3.1 Insuretech Market Size Market Share by Players
  3.1.1 Global Insuretech Revenue by Players (2018-2023)
  3.1.2 Global Insuretech Revenue Market Share by Players (2018-2023)
3.2 Global Insuretech Key Players Head office and Products Offered
3.3 Market Concentration Rate Analysis
  3.3.1 Competition Landscape Analysis
  3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
3.4 New Products and Potential Entrants
3.5 Mergers & Acquisitions, Expansion

4 INSURETECH BY REGIONS

4.1 Insuretech Market Size by Regions (2018-2023)
4.2 Americas Insuretech Market Size Growth (2018-2023)
4.3 APAC Insuretech Market Size Growth (2018-2023)
4.4 Europe Insuretech Market Size Growth (2018-2023)
4.5 Middle East & Africa Insuretech Market Size Growth (2018-2023)

5 AMERICAS

5.1 Americas Insuretech Market Size by Country (2018-2023)
5.2 Americas Insuretech Market Size by Type (2018-2023)
5.3 Americas Insuretech Market Size by Application (2018-2023)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil

6 APAC

6.1 APAC Insuretech Market Size by Region (2018-2023)
6.2 APAC Insuretech Market Size by Type (2018-2023)
6.3 APAC Insuretech Market Size by Application (2018-2023)
6.4 China
6.5 Japan
6.6 Korea
6.7 Southeast Asia
6.8 India
6.9 Australia

7 EUROPE

7.1 Europe Insuretech by Country (2018-2023)
7.2 Europe Insuretech Market Size by Type (2018-2023)
7.3 Europe Insuretech Market Size by Application (2018-2023)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia

8 MIDDLE EAST & AFRICA

8.1 Middle East & Africa Insuretech by Region (2018-2023)
8.2 Middle East & Africa Insuretech Market Size by Type (2018-2023)
8.3 Middle East & Africa Insuretech Market Size by Application (2018-2023)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries

9 MARKET DRIVERS, CHALLENGES AND TRENDS

9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends

10 GLOBAL INSURETECH MARKET FORECAST

10.1 Global Insuretech Forecast by Regions (2024-2029)
  10.1.1 Global Insuretech Forecast by Regions (2024-2029)
  10.1.2 Americas Insuretech Forecast
  10.1.3 APAC Insuretech Forecast
  10.1.4 Europe Insuretech Forecast
  10.1.5 Middle East & Africa Insuretech Forecast
10.2 Americas Insuretech Forecast by Country (2024-2029)
  10.2.1 United States Insuretech Market Forecast
  10.2.2 Canada Insuretech Market Forecast
  10.2.3 Mexico Insuretech Market Forecast
  10.2.4 Brazil Insuretech Market Forecast
10.3 APAC Insuretech Forecast by Region (2024-2029)
  10.3.1 China Insuretech Market Forecast
  10.3.2 Japan Insuretech Market Forecast
  10.3.3 Korea Insuretech Market Forecast
  10.3.4 Southeast Asia Insuretech Market Forecast
  10.3.5 India Insuretech Market Forecast
  10.3.6 Australia Insuretech Market Forecast
10.4 Europe Insuretech Forecast by Country (2024-2029)
  10.4.1 Germany Insuretech Market Forecast
  10.4.2 France Insuretech Market Forecast
  10.4.3 UK Insuretech Market Forecast
  10.4.4 Italy Insuretech Market Forecast
  10.4.5 Russia Insuretech Market Forecast
10.5 Middle East & Africa Insuretech Forecast by Region (2024-2029)
  10.5.1 Egypt Insuretech Market Forecast
  10.5.2 South Africa Insuretech Market Forecast
  10.5.3 Israel Insuretech Market Forecast
  10.5.4 Turkey Insuretech Market Forecast
  10.5.5 GCC Countries Insuretech Market Forecast
10.6 Global Insuretech Forecast by Type (2024-2029)
10.7 Global Insuretech Forecast by Application (2024-2029)

11 KEY PLAYERS ANALYSIS

11.1 Quantemplate
  11.1.1 Quantemplate Company Information
  11.1.2 Quantemplate Insuretech Product Offered
  11.1.3 Quantemplate Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.1.4 Quantemplate Main Business Overview
  11.1.5 Quantemplate Latest Developments
11.2 Slice
  11.2.1 Slice Company Information
  11.2.2 Slice Insuretech Product Offered
  11.2.3 Slice Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.2.4 Slice Main Business Overview
  11.2.5 Slice Latest Developments
11.3 Neos
  11.3.1 Neos Company Information
  11.3.2 Neos Insuretech Product Offered
  11.3.3 Neos Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.3.4 Neos Main Business Overview
  11.3.5 Neos Latest Developments
11.4 Shift Technology
  11.4.1 Shift Technology Company Information
  11.4.2 Shift Technology Insuretech Product Offered
  11.4.3 Shift Technology Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.4.4 Shift Technology Main Business Overview
  11.4.5 Shift Technology Latest Developments
11.5 Lemonade
  11.5.1 Lemonade Company Information
  11.5.2 Lemonade Insuretech Product Offered
  11.5.3 Lemonade Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.5.4 Lemonade Main Business Overview
  11.5.5 Lemonade Latest Developments
11.6 Oscar Health
  11.6.1 Oscar Health Company Information
  11.6.2 Oscar Health Insuretech Product Offered
  11.6.3 Oscar Health Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.6.4 Oscar Health Main Business Overview
  11.6.5 Oscar Health Latest Developments
11.7 Acko General Insurance
  11.7.1 Acko General Insurance Company Information
  11.7.2 Acko General Insurance Insuretech Product Offered
  11.7.3 Acko General Insurance Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.7.4 Acko General Insurance Main Business Overview
  11.7.5 Acko General Insurance Latest Developments
11.8 ZhongAn
  11.8.1 ZhongAn Company Information
  11.8.2 ZhongAn Insuretech Product Offered
  11.8.3 ZhongAn Insuretech Revenue, Gross Margin and Market Share (2018-2023)
  11.8.4 ZhongAn Main Business Overview
  11.8.5 ZhongAn Latest Developments

12 RESEARCH FINDINGS AND CONCLUSION

List Of Tables

LIST OF TABLES

Table 1. Insuretech Market Size CAGR by Region (2018 VS 2022 VS 2029) & ($ Millions)
Table 2. Major Players of Products
Table 3. Major Players of Services
Table 4. Insuretech Market Size CAGR by Type (2018 VS 2022 VS 2029) & ($ Millions)
Table 5. Global Insuretech Market Size by Type (2018-2023) & ($ Millions)
Table 6. Global Insuretech Market Size Market Share by Type (2018-2023)
Table 7. Insuretech Market Size CAGR by Application (2018 VS 2022 VS 2029) & ($ Millions)
Table 8. Global Insuretech Market Size by Application (2018-2023) & ($ Millions)
Table 9. Global Insuretech Market Size Market Share by Application (2018-2023)
Table 10. Global Insuretech Revenue by Players (2018-2023) & ($ Millions)
Table 11. Global Insuretech Revenue Market Share by Player (2018-2023)
Table 12. Insuretech Key Players Head office and Products Offered
Table 13. Insuretech Concentration Ratio (CR3, CR5 and CR10) & (2021-2023)
Table 14. New Products and Potential Entrants
Table 15. Mergers & Acquisitions, Expansion
Table 16. Global Insuretech Market Size by Regions 2018-2023 & ($ Millions)
Table 17. Global Insuretech Market Size Market Share by Regions (2018-2023)
Table 18. Global Insuretech Revenue by Country/Region (2018-2023) & ($ millions)
Table 19. Global Insuretech Revenue Market Share by Country/Region (2018-2023)
Table 20. Americas Insuretech Market Size by Country (2018-2023) & ($ Millions)
Table 21. Americas Insuretech Market Size Market Share by Country (2018-2023)
Table 22. Americas Insuretech Market Size by Type (2018-2023) & ($ Millions)
Table 23. Americas Insuretech Market Size Market Share by Type (2018-2023)
Table 24. Americas Insuretech Market Size by Application (2018-2023) & ($ Millions)
Table 25. Americas Insuretech Market Size Market Share by Application (2018-2023)
Table 26. APAC Insuretech Market Size by Region (2018-2023) & ($ Millions)
Table 27. APAC Insuretech Market Size Market Share by Region (2018-2023)
Table 28. APAC Insuretech Market Size by Type (2018-2023) & ($ Millions)
Table 29. APAC Insuretech Market Size Market Share by Type (2018-2023)
Table 30. APAC Insuretech Market Size by Application (2018-2023) & ($ Millions)
Table 31. APAC Insuretech Market Size Market Share by Application (2018-2023)
Table 32. Europe Insuretech Market Size by Country (2018-2023) & ($ Millions)
Table 33. Europe Insuretech Market Size Market Share by Country (2018-2023)
Table 34. Europe Insuretech Market Size by Type (2018-2023) & ($ Millions)
Table 35. Europe Insuretech Market Size Market Share by Type (2018-2023)
Table 36. Europe Insuretech Market Size by Application (2018-2023) & ($ Millions)
Table 37. Europe Insuretech Market Size Market Share by Application (2018-2023)
Table 38. Middle East & Africa Insuretech Market Size by Region (2018-2023) & ($ Millions)
Table 39. Middle East & Africa Insuretech Market Size Market Share by Region (2018-2023)
Table 40. Middle East & Africa Insuretech Market Size by Type (2018-2023) & ($ Millions)
Table 41. Middle East & Africa Insuretech Market Size Market Share by Type (2018-2023)
Table 42. Middle East & Africa Insuretech Market Size by Application (2018-2023) & ($ Millions)
Table 43. Middle East & Africa Insuretech Market Size Market Share by Application (2018-2023)
Table 44. Key Market Drivers & Growth Opportunities of Insuretech
Table 45. Key Market Challenges & Risks of Insuretech
Table 46. Key Industry Trends of Insuretech
Table 47. Global Insuretech Market Size Forecast by Regions (2024-2029) & ($ Millions)
Table 48. Global Insuretech Market Size Market Share Forecast by Regions (2024-2029)
Table 49. Global Insuretech Market Size Forecast by Type (2024-2029) & ($ Millions)
Table 50. Global Insuretech Market Size Forecast by Application (2024-2029) & ($ Millions)
Table 51. Quantemplate Details, Company Type, Insuretech Area Served and Its Competitors
Table 52. Quantemplate Insuretech Product Offered
Table 53. Quantemplate Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 54. Quantemplate Main Business
Table 55. Quantemplate Latest Developments
Table 56. Slice Details, Company Type, Insuretech Area Served and Its Competitors
Table 57. Slice Insuretech Product Offered
Table 58. Slice Main Business
Table 59. Slice Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 60. Slice Latest Developments
Table 61. Neos Details, Company Type, Insuretech Area Served and Its Competitors
Table 62. Neos Insuretech Product Offered
Table 63. Neos Main Business
Table 64. Neos Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 65. Neos Latest Developments
Table 66. Shift Technology Details, Company Type, Insuretech Area Served and Its Competitors
Table 67. Shift Technology Insuretech Product Offered
Table 68. Shift Technology Main Business
Table 69. Shift Technology Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 70. Shift Technology Latest Developments
Table 71. Lemonade Details, Company Type, Insuretech Area Served and Its Competitors
Table 72. Lemonade Insuretech Product Offered
Table 73. Lemonade Main Business
Table 74. Lemonade Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 75. Lemonade Latest Developments
Table 76. Oscar Health Details, Company Type, Insuretech Area Served and Its Competitors
Table 77. Oscar Health Insuretech Product Offered
Table 78. Oscar Health Main Business
Table 79. Oscar Health Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 80. Oscar Health Latest Developments
Table 81. Acko General Insurance Details, Company Type, Insuretech Area Served and Its Competitors
Table 82. Acko General Insurance Insuretech Product Offered
Table 83. Acko General Insurance Main Business
Table 84. Acko General Insurance Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 85. Acko General Insurance Latest Developments
Table 86. ZhongAn Details, Company Type, Insuretech Area Served and Its Competitors
Table 87. ZhongAn Insuretech Product Offered
Table 88. ZhongAn Main Business
Table 89. ZhongAn Insuretech Revenue ($ million), Gross Margin and Market Share (2018-2023)
Table 90. ZhongAn Latest Developments

List Of Figures

LIST OF FIGURES

Figure 1. Insuretech Report Years Considered
Figure 2. Research Objectives
Figure 3. Research Methodology
Figure 4. Research Process and Data Source
Figure 5. Global Insuretech Market Size Growth Rate 2018-2029 ($ Millions)
Figure 6. Insuretech Sales by Geographic Region (2018, 2022 & 2029) & ($ millions)
Figure 7. Insuretech Sales Market Share by Country/Region (2022)
Figure 8. Insuretech Sales Market Share by Country/Region (2018, 2022 & 2029)
Figure 9. Global Insuretech Market Size Market Share by Type in 2022
Figure 10. Insuretech in SMEs
Figure 11. Global Insuretech Market: SMEs (2018-2023) & ($ Millions)
Figure 12. Insuretech in Large Enterprises
Figure 13. Global Insuretech Market: Large Enterprises (2018-2023) & ($ Millions)
Figure 14. Global Insuretech Market Size Market Share by Application in 2022
Figure 15. Global Insuretech Revenue Market Share by Player in 2022
Figure 16. Global Insuretech Market Size Market Share by Regions (2018-2023)
Figure 17. Americas Insuretech Market Size 2018-2023 ($ Millions)
Figure 18. APAC Insuretech Market Size 2018-2023 ($ Millions)
Figure 19. Europe Insuretech Market Size 2018-2023 ($ Millions)
Figure 20. Middle East & Africa Insuretech Market Size 2018-2023 ($ Millions)
Figure 21. Americas Insuretech Value Market Share by Country in 2022
Figure 22. United States Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 23. Canada Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 24. Mexico Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 25. Brazil Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 26. APAC Insuretech Market Size Market Share by Region in 2022
Figure 27. APAC Insuretech Market Size Market Share by Type in 2022
Figure 28. APAC Insuretech Market Size Market Share by Application in 2022
Figure 29. China Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 30. Japan Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 31. Korea Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 32. Southeast Asia Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 33. India Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 34. Australia Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 35. Europe Insuretech Market Size Market Share by Country in 2022
Figure 36. Europe Insuretech Market Size Market Share by Type (2018-2023)
Figure 37. Europe Insuretech Market Size Market Share by Application (2018-2023)
Figure 38. Germany Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 39. France Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 40. UK Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 41. Italy Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 42. Russia Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 43. Middle East & Africa Insuretech Market Size Market Share by Region (2018-2023)
Figure 44. Middle East & Africa Insuretech Market Size Market Share by Type (2018-2023)
Figure 45. Middle East & Africa Insuretech Market Size Market Share by Application (2018-2023)
Figure 46. Egypt Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 47. South Africa Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 48. Israel Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 49. Turkey Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 50. GCC Country Insuretech Market Size Growth 2018-2023 ($ Millions)
Figure 51. Americas Insuretech Market Size 2024-2029 ($ Millions)
Figure 52. APAC Insuretech Market Size 2024-2029 ($ Millions)
Figure 53. Europe Insuretech Market Size 2024-2029 ($ Millions)
Figure 54. Middle East & Africa Insuretech Market Size 2024-2029 ($ Millions)
Figure 55. United States Insuretech Market Size 2024-2029 ($ Millions)
Figure 56. Canada Insuretech Market Size 2024-2029 ($ Millions)
Figure 57. Mexico Insuretech Market Size 2024-2029 ($ Millions)
Figure 58. Brazil Insuretech Market Size 2024-2029 ($ Millions)
Figure 59. China Insuretech Market Size 2024-2029 ($ Millions)
Figure 60. Japan Insuretech Market Size 2024-2029 ($ Millions)
Figure 61. Korea Insuretech Market Size 2024-2029 ($ Millions)
Figure 62. Southeast Asia Insuretech Market Size 2024-2029 ($ Millions)
Figure 63. India Insuretech Market Size 2024-2029 ($ Millions)
Figure 64. Australia Insuretech Market Size 2024-2029 ($ Millions)
Figure 65. Germany Insuretech Market Size 2024-2029 ($ Millions)
Figure 66. France Insuretech Market Size 2024-2029 ($ Millions)
Figure 67. UK Insuretech Market Size 2024-2029 ($ Millions)
Figure 68. Italy Insuretech Market Size 2024-2029 ($ Millions)
Figure 69. Russia Insuretech Market Size 2024-2029 ($ Millions)
Figure 70. Spain Insuretech Market Size 2024-2029 ($ Millions)
Figure 71. Egypt Insuretech Market Size 2024-2029 ($ Millions)
Figure 72. South Africa Insuretech Market Size 2024-2029 ($ Millions)
Figure 73. Israel Insuretech Market Size 2024-2029 ($ Millions)
Figure 74. Turkey Insuretech Market Size 2024-2029 ($ Millions)
Figure 75. GCC Countries Insuretech Market Size 2024-2029 ($ Millions)
Figure 76. Global Insuretech Market Size Market Share Forecast by Type (2024-2029)
Figure 77. Global Insuretech Market Size Market Share Forecast by Application (2024-2029)