Global Insurtech Supply, Demand and Key Producers, 2023-2029

Description

The global Insurtech market size is expected to reach $ 40070 million by 2029, rising at a market growth of 18.0% CAGR during the forecast period (2023-2029).

Demand from Property and Casualty and Health are the major drivers for the industry.

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

This report studies the global Insurtech demand, key companies, and key regions.

This report is a detailed and comprehensive analysis of the world market for Insurtech, and provides market size (US$ million) and Year-over-Year (YoY) growth, considering 2022 as the base year. This report explores demand trends and competition, as well as details the characteristics of Insurtech that contribute to its increasing demand across many markets.

Highlights and key features of the study
Global Insurtech total market, 2018-2029, (USD Million)
Global Insurtech total market by region & country, CAGR, 2018-2029, (USD Million)
U.S. VS China: Insurtech total market, key domestic companies and share, (USD Million)
Global Insurtech revenue by player and market share 2018-2023, (USD Million)
Global Insurtech total market by Technology, CAGR, 2018-2029, (USD Million)
Global Insurtech total market by Application, CAGR, 2018-2029, (USD Million).

This reports profiles major players in the global Insurtech market based on the following parameters – company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Zipari, Corvus Insurance, Wipro Limited, DXC Technology Company, Majesco, OutSystems, Damco Solutions, Octo and ControlExpert, etc.

This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the World Insurtech market.

Detailed Segmentation:
Each section contains quantitative market data including market by value (US$ Millions), by player, by regions, by Technology, and by Application. Data is given for the years 2018-2029 by year with 2022 as the base year, 2023 as the estimate year, and 2024-2029 as the forecast year.

Global Insurtech Market, By Region:
    United States
    China
    Europe
    Japan
    South Korea
    ASEAN
    India
    Rest of World

Global Insurtech Market, Segmentation by Technology
    Cloud Computing
    IoT
    AI
    Others

Global Insurtech Market, Segmentation by Application
    Property and Casualty
    Health
    Life

Companies Profiled:
    Zipari
    Corvus Insurance
    Wipro Limited
    DXC Technology Company
    Majesco
    OutSystems
    Damco Solutions
    Octo
    ControlExpert
    Sureify
    iSoftStone
    eBaoTech

Key Questions Answered
1. How big is the global Insurtech market?
2. What is the demand of the global Insurtech market?
3. What is the year over year growth of the global Insurtech market?
4. What is the total value of the global Insurtech market?
5. Who are the major players in the global Insurtech market?

Table of Contents

1 Supply Summary
    1.1 Insurtech Introduction
    1.2 World Insurtech Market Size & Forecast (2018 & 2022 & 2029)
    1.3 World Insurtech Total Market by Region (by Headquarter Location)
        1.3.1 World Insurtech Market Size by Region (2018-2029), (by Headquarter Location)
        1.3.2 United States Insurtech Market Size (2018-2029)
        1.3.3 China Insurtech Market Size (2018-2029)
        1.3.4 Europe Insurtech Market Size (2018-2029)
        1.3.5 Japan Insurtech Market Size (2018-2029)
        1.3.6 South Korea Insurtech Market Size (2018-2029)
        1.3.7 ASEAN Insurtech Market Size (2018-2029)
        1.3.8 India Insurtech Market Size (2018-2029)
    1.4 Market Drivers, Restraints and Trends
        1.4.1 Insurtech Market Drivers
        1.4.2 Factors Affecting Demand
        1.4.3 Insurtech Major Market Trends

2 Demand Summary
    2.1 World Insurtech Consumption Value (2018-2029)
    2.2 World Insurtech Consumption Value by Region
        2.2.1 World Insurtech Consumption Value by Region (2018-2023)
        2.2.2 World Insurtech Consumption Value Forecast by Region (2024-2029)
    2.3 United States Insurtech Consumption Value (2018-2029)
    2.4 China Insurtech Consumption Value (2018-2029)
    2.5 Europe Insurtech Consumption Value (2018-2029)
    2.6 Japan Insurtech Consumption Value (2018-2029)
    2.7 South Korea Insurtech Consumption Value (2018-2029)
    2.8 ASEAN Insurtech Consumption Value (2018-2029)
    2.9 India Insurtech Consumption Value (2018-2029)

3 World Insurtech Companies Competitive Analysis
    3.1 World Insurtech Revenue by Player (2018-2023)
    3.2 Industry Rank and Concentration Rate (CR)
        3.2.1 Global Insurtech Industry Rank of Major Players
        3.2.2 Global Concentration Ratios (CR4) for Insurtech in 2022
        3.2.3 Global Concentration Ratios (CR8) for Insurtech in 2022
    3.3 Insurtech Company Evaluation Quadrant
    3.4 Insurtech Market: Overall Company Footprint Analysis
        3.4.1 Insurtech Market: Region Footprint
        3.4.2 Insurtech Market: Company Product Type Footprint
        3.4.3 Insurtech Market: Company Product Application Footprint
    3.5 Competitive Environment
        3.5.1 Historical Structure of the Industry
        3.5.2 Barriers of Market Entry
        3.5.3 Factors of Competition
    3.6 Mergers, Acquisitions Activity

4 United States VS China VS Rest of the World (by Headquarter Location)
    4.1 United States VS China: Insurtech Revenue Comparison (by Headquarter Location)
        4.1.1 United States VS China: Insurtech Market Size Comparison (2018 & 2022 & 2029) (by Headquarter Location)
        4.1.2 United States VS China: Insurtech Revenue Market Share Comparison (2018 & 2022 & 2029)
    4.2 United States Based Companies VS China Based Companies: Insurtech Consumption Value Comparison
        4.2.1 United States VS China: Insurtech Consumption Value Comparison (2018 & 2022 & 2029)
        4.2.2 United States VS China: Insurtech Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    4.3 United States Based Insurtech Companies and Market Share, 2018-2023
        4.3.1 United States Based Insurtech Companies, Headquarters (States, Country)
        4.3.2 United States Based Companies Insurtech Revenue, (2018-2023)
    4.4 China Based Companies Insurtech Revenue and Market Share, 2018-2023
        4.4.1 China Based Insurtech Companies, Company Headquarters (Province, Country)
        4.4.2 China Based Companies Insurtech Revenue, (2018-2023)
    4.5 Rest of World Based Insurtech Companies and Market Share, 2018-2023
        4.5.1 Rest of World Based Insurtech Companies, Headquarters (States, Country)
        4.5.2 Rest of World Based Companies Insurtech Revenue, (2018-2023)

5 Market Analysis by Technology
    5.1 World Insurtech Market Size Overview by Technology: 2018 VS 2022 VS 2029
    5.2 Segment Introduction by Technology
        5.2.1 Cloud Computing
        5.2.2 IoT
        5.2.3 AI
        5.2.4 Others
    5.3 Market Segment by Technology
        5.3.1 World Insurtech Market Size by Technology (2018-2023)
        5.3.2 World Insurtech Market Size by Technology (2024-2029)
        5.3.3 World Insurtech Market Size Market Share by Technology (2018-2029)

6 Market Analysis by Application
    6.1 World Insurtech Market Size Overview by Application: 2018 VS 2022 VS 2029
    6.2 Segment Introduction by Application
        6.2.1 Property and Casualty
        6.2.2 Health
        6.2.3 Life
    6.3 Market Segment by Application
        6.3.1 World Insurtech Market Size by Application (2018-2023)
        6.3.2 World Insurtech Market Size by Application (2024-2029)
        6.3.3 World Insurtech Market Size by Application (2018-2029)

7 Company Profiles
    7.1 Zipari
        7.1.1 Zipari Details
        7.1.2 Zipari Major Business
        7.1.3 Zipari Insurtech Product and Services
        7.1.4 Zipari Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.1.5 Zipari Recent Developments/Updates
        7.1.6 Zipari Competitive Strengths & Weaknesses
    7.2 Corvus Insurance
        7.2.1 Corvus Insurance Details
        7.2.2 Corvus Insurance Major Business
        7.2.3 Corvus Insurance Insurtech Product and Services
        7.2.4 Corvus Insurance Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.2.5 Corvus Insurance Recent Developments/Updates
        7.2.6 Corvus Insurance Competitive Strengths & Weaknesses
    7.3 Wipro Limited
        7.3.1 Wipro Limited Details
        7.3.2 Wipro Limited Major Business
        7.3.3 Wipro Limited Insurtech Product and Services
        7.3.4 Wipro Limited Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.3.5 Wipro Limited Recent Developments/Updates
        7.3.6 Wipro Limited Competitive Strengths & Weaknesses
    7.4 DXC Technology Company
        7.4.1 DXC Technology Company Details
        7.4.2 DXC Technology Company Major Business
        7.4.3 DXC Technology Company Insurtech Product and Services
        7.4.4 DXC Technology Company Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.4.5 DXC Technology Company Recent Developments/Updates
        7.4.6 DXC Technology Company Competitive Strengths & Weaknesses
    7.5 Majesco
        7.5.1 Majesco Details
        7.5.2 Majesco Major Business
        7.5.3 Majesco Insurtech Product and Services
        7.5.4 Majesco Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.5.5 Majesco Recent Developments/Updates
        7.5.6 Majesco Competitive Strengths & Weaknesses
    7.6 OutSystems
        7.6.1 OutSystems Details
        7.6.2 OutSystems Major Business
        7.6.3 OutSystems Insurtech Product and Services
        7.6.4 OutSystems Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.6.5 OutSystems Recent Developments/Updates
        7.6.6 OutSystems Competitive Strengths & Weaknesses
    7.7 Damco Solutions
        7.7.1 Damco Solutions Details
        7.7.2 Damco Solutions Major Business
        7.7.3 Damco Solutions Insurtech Product and Services
        7.7.4 Damco Solutions Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.7.5 Damco Solutions Recent Developments/Updates
        7.7.6 Damco Solutions Competitive Strengths & Weaknesses
    7.8 Octo
        7.8.1 Octo Details
        7.8.2 Octo Major Business
        7.8.3 Octo Insurtech Product and Services
        7.8.4 Octo Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.8.5 Octo Recent Developments/Updates
        7.8.6 Octo Competitive Strengths & Weaknesses
    7.9 ControlExpert
        7.9.1 ControlExpert Details
        7.9.2 ControlExpert Major Business
        7.9.3 ControlExpert Insurtech Product and Services
        7.9.4 ControlExpert Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.9.5 ControlExpert Recent Developments/Updates
        7.9.6 ControlExpert Competitive Strengths & Weaknesses
    7.10 Sureify
        7.10.1 Sureify Details
        7.10.2 Sureify Major Business
        7.10.3 Sureify Insurtech Product and Services
        7.10.4 Sureify Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.10.5 Sureify Recent Developments/Updates
        7.10.6 Sureify Competitive Strengths & Weaknesses
    7.11 iSoftStone
        7.11.1 iSoftStone Details
        7.11.2 iSoftStone Major Business
        7.11.3 iSoftStone Insurtech Product and Services
        7.11.4 iSoftStone Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.11.5 iSoftStone Recent Developments/Updates
        7.11.6 iSoftStone Competitive Strengths & Weaknesses
    7.12 eBaoTech
        7.12.1 eBaoTech Details
        7.12.2 eBaoTech Major Business
        7.12.3 eBaoTech Insurtech Product and Services
        7.12.4 eBaoTech Insurtech Revenue, Gross Margin and Market Share (2018-2023)
        7.12.5 eBaoTech Recent Developments/Updates
        7.12.6 eBaoTech Competitive Strengths & Weaknesses

8 Industry Chain Analysis
    8.1 Insurtech Industry Chain
    8.2 Insurtech Upstream Analysis
    8.3 Insurtech Midstream Analysis
    8.4 Insurtech Downstream Analysis

9 Research Findings and Conclusion

10 Appendix
    10.1 Methodology
    10.2 Research Process and Data Source
    10.3 Disclaimer

Table of Figures

List of Tables
    Table 1. World Insurtech Revenue by Region (2018, 2022 and 2029) & (USD Million), (by Headquarter Location)
    Table 2. World Insurtech Revenue by Region (2018-2023) & (USD Million), (by Headquarter Location)
    Table 3. World Insurtech Revenue by Region (2024-2029) & (USD Million), (by Headquarter Location)
    Table 4. World Insurtech Revenue Market Share by Region (2018-2023), (by Headquarter Location)
    Table 5. World Insurtech Revenue Market Share by Region (2024-2029), (by Headquarter Location)
    Table 6. Major Market Trends
    Table 7. World Insurtech Consumption Value Growth Rate Forecast by Region (2018 & 2022 & 2029) & (USD Million)
    Table 8. World Insurtech Consumption Value by Region (2018-2023) & (USD Million)
    Table 9. World Insurtech Consumption Value Forecast by Region (2024-2029) & (USD Million)
    Table 10. World Insurtech Revenue by Player (2018-2023) & (USD Million)
    Table 11. Revenue Market Share of Key Insurtech Players in 2022
    Table 12. World Insurtech Industry Rank of Major Player, Based on Revenue in 2022
    Table 13. Global Insurtech Company Evaluation Quadrant
    Table 14. Head Office of Key Insurtech Player
    Table 15. Insurtech Market: Company Product Type Footprint
    Table 16. Insurtech Market: Company Product Application Footprint
    Table 17. Insurtech Mergers & Acquisitions Activity
    Table 18. United States VS China Insurtech Market Size Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 19. United States VS China Insurtech Consumption Value Comparison, (2018 & 2022 & 2029) & (USD Million)
    Table 20. United States Based Insurtech Companies, Headquarters (States, Country)
    Table 21. United States Based Companies Insurtech Revenue, (2018-2023) & (USD Million)
    Table 22. United States Based Companies Insurtech Revenue Market Share (2018-2023)
    Table 23. China Based Insurtech Companies, Headquarters (Province, Country)
    Table 24. China Based Companies Insurtech Revenue, (2018-2023) & (USD Million)
    Table 25. China Based Companies Insurtech Revenue Market Share (2018-2023)
    Table 26. Rest of World Based Insurtech Companies, Headquarters (States, Country)
    Table 27. Rest of World Based Companies Insurtech Revenue, (2018-2023) & (USD Million)
    Table 28. Rest of World Based Companies Insurtech Revenue Market Share (2018-2023)
    Table 29. World Insurtech Market Size by Technology, (USD Million), 2018 & 2022 & 2029
    Table 30. World Insurtech Market Size by Technology (2018-2023) & (USD Million)
    Table 31. World Insurtech Market Size by Technology (2024-2029) & (USD Million)
    Table 32. World Insurtech Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Table 33. World Insurtech Market Size by Application (2018-2023) & (USD Million)
    Table 34. World Insurtech Market Size by Application (2024-2029) & (USD Million)
    Table 35. Zipari Basic Information, Area Served and Competitors
    Table 36. Zipari Major Business
    Table 37. Zipari Insurtech Product and Services
    Table 38. Zipari Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 39. Zipari Recent Developments/Updates
    Table 40. Zipari Competitive Strengths & Weaknesses
    Table 41. Corvus Insurance Basic Information, Area Served and Competitors
    Table 42. Corvus Insurance Major Business
    Table 43. Corvus Insurance Insurtech Product and Services
    Table 44. Corvus Insurance Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 45. Corvus Insurance Recent Developments/Updates
    Table 46. Corvus Insurance Competitive Strengths & Weaknesses
    Table 47. Wipro Limited Basic Information, Area Served and Competitors
    Table 48. Wipro Limited Major Business
    Table 49. Wipro Limited Insurtech Product and Services
    Table 50. Wipro Limited Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 51. Wipro Limited Recent Developments/Updates
    Table 52. Wipro Limited Competitive Strengths & Weaknesses
    Table 53. DXC Technology Company Basic Information, Area Served and Competitors
    Table 54. DXC Technology Company Major Business
    Table 55. DXC Technology Company Insurtech Product and Services
    Table 56. DXC Technology Company Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 57. DXC Technology Company Recent Developments/Updates
    Table 58. DXC Technology Company Competitive Strengths & Weaknesses
    Table 59. Majesco Basic Information, Area Served and Competitors
    Table 60. Majesco Major Business
    Table 61. Majesco Insurtech Product and Services
    Table 62. Majesco Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 63. Majesco Recent Developments/Updates
    Table 64. Majesco Competitive Strengths & Weaknesses
    Table 65. OutSystems Basic Information, Area Served and Competitors
    Table 66. OutSystems Major Business
    Table 67. OutSystems Insurtech Product and Services
    Table 68. OutSystems Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 69. OutSystems Recent Developments/Updates
    Table 70. OutSystems Competitive Strengths & Weaknesses
    Table 71. Damco Solutions Basic Information, Area Served and Competitors
    Table 72. Damco Solutions Major Business
    Table 73. Damco Solutions Insurtech Product and Services
    Table 74. Damco Solutions Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 75. Damco Solutions Recent Developments/Updates
    Table 76. Damco Solutions Competitive Strengths & Weaknesses
    Table 77. Octo Basic Information, Area Served and Competitors
    Table 78. Octo Major Business
    Table 79. Octo Insurtech Product and Services
    Table 80. Octo Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 81. Octo Recent Developments/Updates
    Table 82. Octo Competitive Strengths & Weaknesses
    Table 83. ControlExpert Basic Information, Area Served and Competitors
    Table 84. ControlExpert Major Business
    Table 85. ControlExpert Insurtech Product and Services
    Table 86. ControlExpert Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 87. ControlExpert Recent Developments/Updates
    Table 88. ControlExpert Competitive Strengths & Weaknesses
    Table 89. Sureify Basic Information, Area Served and Competitors
    Table 90. Sureify Major Business
    Table 91. Sureify Insurtech Product and Services
    Table 92. Sureify Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 93. Sureify Recent Developments/Updates
    Table 94. Sureify Competitive Strengths & Weaknesses
    Table 95. iSoftStone Basic Information, Area Served and Competitors
    Table 96. iSoftStone Major Business
    Table 97. iSoftStone Insurtech Product and Services
    Table 98. iSoftStone Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 99. iSoftStone Recent Developments/Updates
    Table 100. eBaoTech Basic Information, Area Served and Competitors
    Table 101. eBaoTech Major Business
    Table 102. eBaoTech Insurtech Product and Services
    Table 103. eBaoTech Insurtech Revenue, Gross Margin and Market Share (2018-2023) & (USD Million)
    Table 104. Global Key Players of Insurtech Upstream (Raw Materials)
    Table 105. Insurtech Typical Customers
List of Figure
    Figure 1. Insurtech Picture
    Figure 2. World Insurtech Total Market Size: 2018 & 2022 & 2029, (USD Million)
    Figure 3. World Insurtech Total Market Size (2018-2029) & (USD Million)
    Figure 4. World Insurtech Revenue Market Share by Region (2018, 2022 and 2029) & (USD Million) , (by Headquarter Location)
    Figure 5. World Insurtech Revenue Market Share by Region (2018-2029), (by Headquarter Location)
    Figure 6. United States Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 7. China Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 8. Europe Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 9. Japan Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 10. South Korea Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 11. ASEAN Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 12. India Based Company Insurtech Revenue (2018-2029) & (USD Million)
    Figure 13. Insurtech Market Drivers
    Figure 14. Factors Affecting Demand
    Figure 15. World Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 16. World Insurtech Consumption Value Market Share by Region (2018-2029)
    Figure 17. United States Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 18. China Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 19. Europe Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 20. Japan Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 21. South Korea Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 22. ASEAN Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 23. India Insurtech Consumption Value (2018-2029) & (USD Million)
    Figure 24. Producer Shipments of Insurtech by Player Revenue ($MM) and Market Share (%): 2022
    Figure 25. Global Four-firm Concentration Ratios (CR4) for Insurtech Markets in 2022
    Figure 26. Global Four-firm Concentration Ratios (CR8) for Insurtech Markets in 2022
    Figure 27. United States VS China: Insurtech Revenue Market Share Comparison (2018 & 2022 & 2029)
    Figure 28. United States VS China: Insurtech Consumption Value Market Share Comparison (2018 & 2022 & 2029)
    Figure 29. World Insurtech Market Size by Technology, (USD Million), 2018 & 2022 & 2029
    Figure 30. World Insurtech Market Size Market Share by Technology in 2022
    Figure 31. Cloud Computing
    Figure 32. IoT
    Figure 33. AI
    Figure 34. Others
    Figure 35. World Insurtech Market Size Market Share by Technology (2018-2029)
    Figure 36. World Insurtech Market Size by Application, (USD Million), 2018 & 2022 & 2029
    Figure 37. World Insurtech Market Size Market Share by Application in 2022
    Figure 38. Property and Casualty
    Figure 39. Health
    Figure 40. Life
    Figure 41. Insurtech Industrial Chain
    Figure 42. Methodology
    Figure 43. Research Process and Data Source

Companies Mentioned

Zipari
Corvus Insurance
Wipro Limited
DXC Technology Company
Majesco
OutSystems
Damco Solutions
Octo
ControlExpert
Sureify
iSoftStone
eBaoTech