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Global InsurTech Market 2019-2023 - Product Image

Global InsurTech Market 2019-2023

  • ID: 4749657
  • Report
  • January 2019
  • Region: Global
  • 123 pages
  • TechNavio
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FEATURED COMPANIES

  • Oscar
  • Quantemplate
  • Shift Technology
  • Trov
  • ZhongAn
  • MORE
Integration of Big Data and AI in InsurTech to drive market growth. InsurTech companies are seeking the means to store, analyze, and search vast amounts of data. Such an analysis would help them in segmenting customer populations, identifying opportunities for new products and services, and optimizing pricing mechanisms. The use of Big Data and new data can improve investment decision and help insurance companies in arriving at the comprehensive credit scoring mechanism. The analysts have predicted that the InsurTech market will register a CAGR of over 41% by 2023.

Market Overview

Influence of digitization

With the increasing number of devices, it has become challenging to manage, monitor, and maintain the data in an organization. Thus, the demand for machine-to-machine (M2M) communications will rise as it helps an insurance service provider in simplifying the management, monitoring, and maintenance of connected devices. In addition, enterprises now experience significant improvements in business processes with the adoption of fully digital processes. The emergence of several technologies with respect to the payment systems has made the transaction process easier for the insurance companies.

Regulatory and economic uncertainty

The global economy is slowly recovering, and the rate varies from region to region. According to the International Monetary Fund (IMF), the long-term effects of the financial crisis are stagnating the Eurozone. Private consumption is a significant force that is powering the growth of the Eurozone economy.

For the detailed list of factors that will drive and challenge the growth of the InsurTech market during the 2019-2023, view this report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Trov and ZhongAn, the competitive environment is quite intense. Factors such as the integration of Big Data and AI in InsurTech and the influence of digitization, will provide considerable growth opportunities to InsurTech manufacturers. Oscar, Quantemplate, Shift Technology, Trov, and ZhongAn are some of the major companies covered in this report.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Oscar
  • Quantemplate
  • Shift Technology
  • Trov
  • ZhongAn
  • MORE
PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT
  • Preface
  • Currency conversion rates for US$
PART 03: MARKET LANDSCAPE
  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis
PART 04: MARKET SIZING
  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition
PART 06: CUSTOMER LANDSCAPE

PART 07: GEOGRAPHIC LANDSCAPE
  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity
PART 08: MARKET SEGMENTATION BY VALUE CHAIN POSITIONING
  • Market segmentation by value chain positioning
  • Comparison by value chain positioning
  • Marketing and distribution - Market size and forecast 2018-2023
  • IT support - Market size and forecast 2018-2023
  • Policy administration and management - Market size and forecast 2018-2023
  • Claim management - Market size and forecast 2018-2023
  • Others - Market size and forecast 2018-2023
  • Market opportunity by value chain positioning
PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES
  • Market drivers
  • Market challenges
PART 11: MARKET TRENDS

PART 12: VENDOR LANDSCAPE
  • Overview
  • Landscape disruption
  • Competitive scenario
PART 13: VENDOR ANALYSIS
  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Oscar
  • Quantemplate
  • Shift Technology
  • Trov
  • ZhongAn
PART 14: APPENDIX
  • Research methodology
  • List of abbreviations
List of Exhibits
Exhibit 01: Global information technology (IT) spending market
Exhibit 02: Segments of global information technology (IT) spending market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ millions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Customer landscape
Exhibit 18: Market share by geography 2018-2023 (%)
Exhibit 19: Geographic comparison
Exhibit 20: North America - Market size and forecast 2018-2023 ($ millions)
Exhibit 21: North America - Year-over-year growth 2019-2023 (%)
Exhibit 22: Europe - Market size and forecast 2018-2023 ($ millions)
Exhibit 23: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 24: APAC - Market size and forecast 2018-2023 ($ millions)
Exhibit 25: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 26: MEA - Market size and forecast 2018-2023 ($ millions)
Exhibit 27: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 28: South America - Market size and forecast 2018-2023 ($ millions)
Exhibit 29: South America - Year-over-year growth 2019-2023 (%)
Exhibit 30: Key leading countries
Exhibit 31: Market opportunity
Exhibit 32: Value chain positioning - Market share 2018-2023 (%)
Exhibit 33: Comparison by value chain positioning
Exhibit 34: Marketing and distribution - Market size and forecast 2018-2023 ($ millions)
Exhibit 35: Marketing and distribution - Year-over-year growth 2019-2023 (%)
Exhibit 36: IT support - Market size and forecast 2018-2023 ($ millions)
Exhibit 37: IT support - Year-over-year growth 2019-2023 (%)
Exhibit 38: Policy administration and management - Market size and forecast 2018-2023 ($ millions)
Exhibit 39: Policy administration and management - Year-over-year growth 2019-2023 (%)
Exhibit 40: Claim management - Market size and forecast 2018-2023 ($ millions)
Exhibit 41: Claim management - Year-over-year growth 2019-2023 (%)
Exhibit 42: Others - Market size and forecast 2018-2023 ($ millions)
Exhibit 43: Others - Year-over-year growth 2019-2023 (%)
Exhibit 44: Market opportunity by value chain positioning
Exhibit 45: Impact of drivers and challenges
Exhibit 46: Vendor landscape
Exhibit 47: Landscape disruption
Exhibit 48: Vendors covered
Exhibit 49: Vendor classification
Exhibit 50: Market positioning of vendors
Exhibit 51: Oscar - Vendor overview
Exhibit 52: Oscar - Business segments
Exhibit 53: Oscar - Organizational developments
Exhibit 54: Oscar - Key offerings
Exhibit 55: Quantemplate - Vendor overview
Exhibit 56: Quantemplate - Product segments
Exhibit 57: Quantemplate - Organizational developments
Exhibit 58: Quantemplate - Key offerings
Exhibit 59: Shift Technology - Vendor overview
Exhibit 60: Shift Technology - Product segments
Exhibit 61: Shift Technology - Organizational developments
Exhibit 62: Shift Technology - Key offerings
Exhibit 63: Trov - Vendor overview
Exhibit 64: Trov - Business segments
Exhibit 65: Trov - Organizational developments
Exhibit 66: Trov - Key offerings
Exhibit 67: ZhongAn - Vendor overview
Exhibit 68: ZhongAn - Business segments
Exhibit 69: ZhongAn - Organizational developments
Exhibit 70: ZhongAn - Segment focus
Exhibit 71: ZhongAn - Key offerings
Exhibit 72: Validation techniques employed for market sizing
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Oscar
  • Quantemplate
  • Shift Technology
  • Trov
  • ZhongAn
  • MORE
Global InsurTech Market 2019-2023

The analyst recognizes the following companies as the key players in the global InsurTech market: Oscar, Quantemplate, Shift Technology, Trov, and ZhongAn.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the integration of Big Data and AI in InsurTech.”

According to the report, one of the major drivers for this market is the influence of digitization.

Further, the report states that one of the major factors hindering the growth of this market is the regulatory and economic uncertainty.

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.
Note: Product cover images may vary from those shown
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  • Oscar
  • Quantemplate
  • Shift Technology
  • Trov
  • ZhongAn
Note: Product cover images may vary from those shown
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