Global Insurtech Market 2016-2020

  • ID: 3972206
  • Report
  • Region: Global
  • 76 pages
  • TechNavio
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FEATURED COMPANIES

  • Acculitx
  • CoverHound
  • Gravie
  • Jointly
  • PokitDok
  • Stride Health
  • MORE
About Insurtech
The insurance technology or insurtech is an increasing phenomenon that has revamped the insurance industry to connect with a wider customer base consisting of High Net Worth individuals (HNWI), upper middle-income group, and lower middle-income group. The insurtech platforms have the potential to help insurance companies to improve their relevancy to the customers to rebuild their trust. This will help in customer engagement.

The analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Friendsurance
- Guevara
- Oscars
- Zhong An

Other prominent vendors
- Acculitx
- Allay
- Analyze Re,
- Array Health
- BankBazaar.com
- Bayzat
- Bought By Many
- Censio
- Claim Di
- Collective Health
- Common Easy
- CoverFox
- CoverHound
- Cuvva
- Dynamis Software
- EaseCentral
- Eligible
- EverQuote
- FirstBest Systems
- Gather
- Gives range
- GoHealth
- Goji
- Gravie
- GroupHub
- Haven Life
- HealthCare.com
- HealthSherpa
- Hixme
- InforcePRO
- insPeer
- insuremyrentalcar.com
- Insurify
- Jointly
- Justworks
- Ladder
- Limelight Health
- Lumity
- Maxwell Health
- Metromile
- miEdge
- Navera
- Picwell
- PlanSource
- PokitDok
- PolicyBazaar
- PolicyGenius
- Praedicat
- QuanTemplate
- RenewBuy
- ROOT
- Sherpaa
- Shift Technology
- SimplyInsured
- Snapsheet
- Spex
- Stride Health
- Sure
- Sureify
- Inspool
- Zebra
- TongJuBao
- Trov,
- Tyche
- Uvamo
- Zenefits
- Zest Health
- Zipari

Market drivers
- Growth of Internet-based business ecosystem
- For a full, detailed list, view the full report

Market challenges
- Increasing fraudulent claims
- For a full, detailed list, view the full report

Market trends
- Incorporating big data analytics
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
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Note: Product cover images may vary from those shown
2 of 5

FEATURED COMPANIES

  • Acculitx
  • CoverHound
  • Gravie
  • Jointly
  • PokitDok
  • Stride Health
  • MORE
Part 01: Executive summary
  • Highlights
Part 02: Scope of the report
  • Market overview
  • Countries covered
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
  • Overview of insurtech
Part 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
Part 06: Geographical segmentation
  • Geographical segmentation
  • EMEA
  • Americas
  • APAC
Part 07: Market drivers
  • Growth of Internet-based business ecosystem
  • Rationalization of transaction process
  • Increased need for customer satisfaction
Part 08: Impact of drivers

Part 09: Market challenges
  • Increasing fraudulent claims
  • High cost of investment
  • Global regulatory uncertainty
Part 10: Impact of drivers and challenges

Part 11: Market trends
  • Incorporating big data analytics
  • Innovations in insurance technology
  • Tapping potential of social media channels for better market penetration and collaboration medium
Part 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
Part 13: Key vendor profile
  • Friendsurance
  • Guevara
  • Oscars
  • Zhong An
Part 14: Appendix
  • List of abbreviations
Part 15: About the Author

List of Exhibits
Exhibit 01: Countries covered for market analysis
Exhibit 02: Advancement in insurtech platform
Exhibit 03: Global insurtech market 2016-2020 ($ billions)
Exhibit 04: Key takeaways 2016-2020
Exhibit 05: Five forces analysis
Exhibit 06: Geographical segmentation 2015 & 2020
Exhibit 07: Insurtech market in EMEA ($ billions)
Exhibit 08: Top insurtech ventures in auto insurance
Exhibit 09: Insurtech market in the Americas ($ million)
Exhibit 10: Examples of insurtech in Americas
Exhibit 11: Insurtech market in APAC ($ millions)
Exhibit 12: Impact of drivers
Exhibit 13: Role of insurtech companies in maintaining the privacy and security concerns
Exhibit 14: Impact of drivers and challenges
Exhibit 15: Insurance segments with significant use of analytics (actuarial and underwriting)
Exhibit 16: Insurance segment with significant use of analytics (claims processing)
Exhibit 17: Insurance segment with significant use of analytics (fraud)
Exhibit 18: Social media benefits to insurance firms
Exhibit 19: Examples of changing where customer needs insurtech
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FEATURED COMPANIES

  • Acculitx
  • CoverHound
  • Gravie
  • Jointly
  • PokitDok
  • Stride Health
  • MORE
New Report Released: – Global Insurtech Market 2016-2020

The author of the report recognizes the following companies as the key players in the global insurtech market: Friendsurance, Guevara, Oscars, and Zhong An.

Other Prominent Vendors in the market are: Acculitx, Allay, Analyze Re, Array Health, BankBazaar.com, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral, Eligible, EverQuote, FirstBest Systems, Gather, Gives range, GoHealth, Goji, Gravie, GroupHub, Haven Life, HealthCare.com, HealthSherpa, Hixme, InforcePRO, insPeer, insuremyrentalcar.com, Insurify, Jointly, Justworks, Ladder, Limelight Health, Lumity, Maxwell Health, Metromile, miEdge, Navera, Picwell, PlanSource, PokitDok, PolicyBazaar, PolicyGenius, Praedicat, QuanTemplate, RenewBuy, ROOT, Sherpaa, Shift Technology, SimplyInsured, Snapsheet, Spex, Stride Health, Sure, Sureify, Inspool, Zebra, TongJuBao, Trov, Tyche, Uvamo, Zenefits, Zest Health, and Zipari.

Commenting on the report, an analyst from the research team said: “Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs.”

According to the report, many top banks and insurance companies are expected to enhance their offerings or develop strategic partnerships with financial technology innovators to provide innovative payment solutions to customers. The advances and innovations in technologies and different financial, technological platforms have also increased the customers' need for better online experiences.

Further, the report states that It is important for the insured to disclose the exact information to the insurance company. This will help the insured to avoid the number of fraud claims. And this rise in fraud cases has a direct impact on the customers' claim experience. Insurance companies have started conducting stringent checks before paying claim amounts. One of the instances where most fraudulent claims are made is with whiplash injuries. Claims, which are based on whiplash injuries, are common following an accident.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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  • 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
  • Eligible
  • EverQuote
  • FirstBest Systems
  • Gather
  • Gives range
  • GoHealth
  • Goji
  • Gravie
  • GroupHub
  • Haven Life
  • HealthCarecom
  • HealthSherpa
  • Hixme
  • InforcePRO
  • insPeer
  • insuremyrentalcarcom
  • Insurify
  • Jointly
  • Justworks
  • Ladder
  • Limelight Health
  • Lumity
  • Maxwell Health
  • Metromile
  • miEdge
  • Navera
  • Picwell
  • PlanSource
  • PokitDok
  • PolicyBazaar
  • PolicyGenius
  • Praedicat
  • QuanTemplate
  • RenewBuy
  • ROOT
  • Sherpaa
  • Shift Technology
  • SimplyInsured
  • Snapsheet
  • Spex
  • Stride Health
  • Sure
  • Sureify
  • Inspool
  • Zebra
  • TongJuBao
  • Trov
  • Tyche
  • Uvamo
  • Zenefits
  • Zest Health
  • Zipari
Note: Product cover images may vary from those shown
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