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US Digital Insurance Market: Insights, Trends & Forecast with Potential Impact of COVID-19 (2021-2025)

  • ID: 5351846
  • Report
  • June 2021
  • Region: United States
  • 96 Pages
  • Koncept Analytics

FEATURED COMPANIES

  • eHealth, Inc.
  • EverQuote, Inc.
  • GoHealth, Inc.
  • LendingTree, Inc.
  • MediaAlpha, Inc.
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US digital insurance market revenues are forecasted to touch US$23.92 billion in 2025, growing at a CAGR of 20.7% for the period spanning from 2021 to 2025.

Factors such as rapid urbanization, growing smartphone users, rising healthcare expenditure and improving consumer confidence index are expected to drive the market growth. However, growth of the industry would be challenged by a surge in competitive pressure and technological infrastructure risk. A few notable trends include high adoption of the Internet of Things (IoT), the emergence of digital document management and growth in Artificial Intelligence (AI) services applications.

In 2020, the outbreak of the COVID-19 pandemic created a favourable impact on the market as the insurance policy purchases by the population increased rapidly. 

The U.S. digital insurance market by application is segmented into health, auto, life and home. Among them, health held the largest share of the industry revenues due to the growth in the prevalence of disorders across the country. 

The rising number of households, increasing initiatives by the government, rising accidents and man-made disasters, improving consumer confidence in the digital insurance industry and accelerating personal automobile purchases are supporting the market growth.

Scope of the report:

  • The report provides a comprehensive analysis of the US digital insurance market, segmented into functions (commission & advertising) and applications (health, auto, life and home).
  • The market dynamics such as growth drivers, market trends and challenges are analysed in-depth. 
  • The competitive landscape of the market, along with the company profiles of leading players i.e. LendingTree, Inc., GoHealth, Inc., MediaAlpha, Inc., eHealth, Inc., EverQuote, Inc. and Digital Media Solutions, Inc. are also presented in detail.

Key Target Audience:

  • Digital Insurance Providers
  • Client Information Suppliers
  • End Users
  • Consulting Firms 
  • Investment Banks
  • Government Bodies & Regulating Authorities
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • eHealth, Inc.
  • EverQuote, Inc.
  • GoHealth, Inc.
  • LendingTree, Inc.
  • MediaAlpha, Inc.

1. Market Overview
1.1 Introduction
1.2 Digital vs Traditional Insurance
1.3 Applications
1.4 Benefits

2. Impact of COVID-19
2.1 Introduction
2.2 Impact on Digital Insurance Aggregators

3. The U.S. Digital Insurance Market Analysis
3.1 The U.S. Digital Insurance Market Value
3.2 The U.S. Digital Insurance Market Value Forecast
3.3 The U.S. Digital Insurance Market Value by Functions
3.3.1 The U.S. Digital Insurance Commission Market Value 
3.3.2 The U.S. Digital Insurance Commission Market Value Forecast
3.3.3 The U.S. Digital Insurance Advertising Market Value
3.3.4 The U.S. Digital Insurance Advertising Market Value Forecast
3.4 The U.S. Digital Insurance Market Value by Applications
3.4.1 The U.S. Digital Health Insurance Market Value
3.4.2 The U.S. Digital Health Insurance Market Value Forecast
3.4.3 The U.S. Digital Health Insurance Market Value by Functions
3.4.4 The U.S. Digital Health Insurance Commission Market Value
3.4.5 The U.S. Digital Health Insurance Commission Market Value Forecast
3.4.6 The U.S. Digital Health Insurance Advertising Market Value
3.4.7 The U.S. Digital Health Insurance Advertising Market Value Forecast
3.4.8 The U.S. Digital Auto Insurance Market Value
3.4.9 The U.S. Digital Auto Insurance Market Value Forecast
3.4.10 The U.S. Digital Auto Insurance Market Value by Functions
3.4.11 The U.S. Digital Auto Insurance Advertising Market Value
3.4.12 The U.S. Digital Auto Insurance Advertising Market Value Forecast
3.4.13 The U.S. Digital Auto Insurance Commission Market Value
3.4.14 The U.S. Digital Auto Insurance Commission Market Value Forecast
3.4.15 The U.S. Digital Life Insurance Market Value
3.4.16 The U.S. Digital Life Insurance Market Value Forecast
3.4.17 The U.S. Digital Life Insurance Market Value by Functions
3.4.18 The U.S. Digital Life Insurance Commission Market Value
3.4.19 The U.S. Digital Life Insurance Commission Market Value Forecast
3.4.20 The U.S. Digital Life Insurance Advertising Market Value
3.4.21 The U.S. Digital Life Insurance Advertising Market Value Forecast
3.4.22 The U.S. Digital Home Insurance Market Value
3.4.23 The U.S. Digital Home Insurance Market Value Forecast
3.4.24 The U.S. Digital Home Insurance Market Value by Functions
3.4.25 The U.S. Digital Home Insurance Commission Market Value
3.4.26 The U.S. Digital Home Insurance Commissions Market Value Forecast
3.4.27 The U.S. Digital Home Insurance Advertising Market Value
3.4.28 The U.S. Digital Home Insurance Advertising Market Value Forecast

4. Market Dynamics
4.1 Growth Drivers
4.1.1 Rapid Urbanization
4.1.2 Growing Smartphone Users 
4.1.3 Rising Healthcare Expenditure
4.1.4 Improving Consumer Confidence Index 
4.2 Key Trends and Developments 
4.2.1 High Adoption of Internet of Things (IoT)
4.2.2 Emergence of Digital Document Management
4.2.3 Growth in Artificial Intelligence (AI) Services Applications
4.3 Challenges
4.3.1 Surge in Competitive Pressure 
4.3.2 Technological Infrastructure Risk

5. Competitive Landscape
5.1 The U.S. Digital Insurance Market
5.1.1 Key Players - Revenues Comparison 
5.1.2 Key Players - Market Cap Comparison 

6. Company Profiles
6.1 LendingTree, Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategies
6.2 GoHealth, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategies
6.3 MediaAlpha, Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategies
6.4 eHealth, Inc.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategies
6.5 EverQuote, Inc.
6.5.1 Business Overview
6.5.2 Financial Overview
6.6 Digital Media Solutions, Inc.
6.6.1 Business Overview
6.6.2 Financial Overview
6.6.3 Business Strategies

List of Figures

  • Digital Insurance Aggregators Average Revenue Growth (2019/2020)
  • The U.S. Digital Insurance Market Value (2016-2020)
  • The U.S. Digital Insurance Market Value Forecast (2021-2025)
  • The U.S. Digital Insurance Market Value by Functions (2020)
  • The U.S. Digital Insurance Commission Market Value (2016-2020)
  • The U.S. Digital Insurance Commission Market Value Forecast (2021-2025)
  • The U.S. Digital Insurance Advertising Market Value (2016-2020)
  • The U.S. Digital Insurance Advertising Market Value Forecast (2021-2025)
  • The U.S. Digital Insurance Market Value by Applications (2020)
  • The U.S. Digital Health Insurance Market Value (2016-2020)
  • The U.S. Digital Health Insurance Market Value Forecast (2021-2025)
  • The U.S. Digital Health Insurance Market Value by Functions (2020)
  • The U.S. Digital Health Insurance Commission Market Value (2016-2020)
  • The U.S. Digital Health Insurance Market Commission Value Forecast (2021-2025)
  • The U.S. Digital Health Insurance Advertising Market Value (2016-2020)
  • The U.S. Digital Health Insurance Advertising Market Value Forecast (2021-2025)
  • The U.S. Digital Auto Insurance Market Value (2016-2020)
  • The U.S. Digital Auto Insurance Market Value Forecast (2021-2025)
  • The U.S. Digital Auto Insurance Market Value by Functions (2020)
  • The U.S. Digital Auto Insurance Advertising Market Value (2016-2020)
  • The U.S. Digital Auto Insurance Advertising Value Forecast (2021-2025)
  • The U.S. Digital Auto Insurance Commission Market Value (2016-2020)
  • The U.S. Digital Auto Insurance Commission Market Value Forecast (2021-2025)
  • The U.S. Digital Life Insurance Market Value (2016-2020)
  • The U.S. Digital Life Insurance Market Value Forecast (2021-2025)
  • The U.S. Digital Life Insurance Market Value by Functions (2020)
  • The U.S. Digital Life Insurance Commission Market Value (2016-2020)
  • The U.S. Digital Life Insurance Commission Market Value Forecast (2021-2025)
  • The U.S. Digital Life Insurance Advertising Market Value (2016-2020)
  • The U.S. Digital Life Insurance Advertising Market Value Forecast (2021-2025)
  • The U.S. Digital Home Insurance Market Value (2016-2020)
  • The U.S. Digital Home Insurance Market Value Forecast (2021-2025)
  • The U.S. Digital Home Insurance Market Value by Functions (2020)
  • The U.S. Digital Home Insurance Commission Market Value (2016-2020)
  • The U.S. Digital Home Insurance Market Commissions Value Forecast (2021-2025)
  • The U.S. Digital Home Insurance Advertising Market Value (2016-2020)
  • The U.S. Digital Home Insurance Advertising Market Value Forecast (2021-2025)
  • The U.S. Urban Population (2016-2020)
  • The U.S. Smartphone Users (2016-2020)
  • The U.S. Healthcare Expenditure per Capita (2016-2020)
  • The U.S. Consumer Confidence Index (2016-2020)
  • Key Players - Market Cap Comparison
  • LendingTree Revenues and Net Income (Loss) (2016-2020)
  • LendingTree Revenues by Segments (2020)
  • GoHealth Net Revenues and Net Income (Loss) (2018-2020)
  • GoHealth Net Revenues by Segments (2020)
  • MediaAlpha Net Revenues and Net Income (2018-2020)
  • eHealth Revenues and Net Income (Loss) (2016-2020)
  • eHealth Revenues by Segment (2020)
  • EverQuote Revenues and Net Loss (2017-2020)
  • EverQuote Revenues by Region (2020)
  • Digital Media Solutions Net Revenues and Net Income (Loss) (2016-2020)
  • Digital Media Solutions Net Revenues by Segments (2020)

List of Tables

  • Digital vs Traditional Insurance
  • Key Players - Revenues Comparison (2020)
Note: Product cover images may vary from those shown

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  • Digital Media Solutions, Inc.
  • eHealth, Inc.
  • EverQuote, Inc. 
  • GoHealth, Inc.
  • LendingTree, Inc.
  • MediaAlpha, Inc.
Note: Product cover images may vary from those shown

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