Embedded Insurance - Global Strategic Business Report

The global market for Embedded Insurance was valued at US$151.5 Billion in 2024 and is projected to reach US$883.7 Billion by 2030, growing at a CAGR of 34.2% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Embedded Insurance market.

Global Embedded Insurance Market - Key Trends & Drivers Summarized

How Is Embedded Insurance Reshaping Traditional Distribution Models?

Embedded insurance refers to the seamless integration of insurance products within non-insurance platforms, such as retail websites, travel bookings, car rentals, or digital wallets. This model is transforming how insurance is bought and delivered by placing it at the point of need - directly within a purchase or digital experience. Instead of requiring separate sign-ups or product exploration, embedded insurance offers contextually relevant protection alongside core services, improving convenience and purchase likelihood.

Digital platforms, e-commerce players, and fintech companies are increasingly acting as distribution channels, providing insurance coverage at checkout or during service registration. This shift is reducing customer acquisition costs for insurers while enhancing user experience. As customer expectations evolve toward convenience and transparency, embedded models are gaining traction across industries including travel, mobility, electronics, and gig economy platforms. Their success depends on smooth API integration, tailored pricing, and real-time underwriting.

What Technologies and Partnerships Are Supporting Embedded Insurance Deployment?

Advances in API infrastructure, cloud-based policy management, and digital payment integration are critical to scaling embedded insurance solutions. Insurers are collaborating with technology partners and insurtech firms to develop modular products that can be integrated into third-party platforms with minimal friction. These products are often built as micro-policies - highly specific, low-cost coverages that activate immediately and terminate automatically, reducing user complexity and administrative overhead.

Usage-based pricing models, real-time policy activation, and AI-powered risk scoring are enabling embedded insurance to match the pace of digital commerce. For example, ride-hailing apps may include trip-specific insurance that varies based on distance, location, or passenger type. Retailers selling electronics can embed damage protection and extended warranties at the point of sale. As ecosystems evolve, embedded models are extending into home services, digital health, and SME protection, demonstrating strong versatility and rapid scalability.

Which Industries Are Accelerating Adoption of Embedded Coverage Models?

Retail and consumer electronics are among the most active sectors embedding insurance for device protection and theft coverage. Travel companies and online booking platforms integrate cancellation or delay insurance directly into customer checkouts. Logistics platforms and e-commerce marketplaces embed shipping protection or return guarantee coverage as part of their service offering. Automotive platforms embed coverage options like roadside assistance or short-term vehicle insurance during leasing or subscription flows.

Gig economy platforms and digital wallets are adopting embedded models to provide personal accident, income protection, or device cover for workers and users. Insurers are also partnering with software providers and fintechs to bundle insurance with loans, investment products, or digital bank accounts. As embedded offerings expand, insurers must adapt underwriting processes and backend operations to support low-ticket, high-frequency coverage models in real time. These cross-sector integrations are redefining traditional insurance value chains.

What Is Driving Growth in the Embedded Insurance Market?

Growth in the embedded insurance market is driven by several factors related to digital distribution, product modularity, and platform-based commerce. Expanding digital ecosystems are creating more touchpoints where insurance can be offered seamlessly without disrupting user experience. Evolving API infrastructure and cloud-native architecture allow insurers to integrate with retailers, mobility platforms, and service providers quickly and securely. The demand for low-friction, personalized insurance products is growing among digital-native consumers who value convenience over conventional policy complexity.

The ability to offer real-time underwriting and instant policy issuance is improving insurer competitiveness in fast-paced digital environments. Strategic partnerships between insurers and platform providers are expanding reach and enabling scalable go-to-market strategies. Additionally, the emergence of microinsurance, dynamic pricing models, and contextual coverage is helping insurers tailor products for specific use cases and customer segments. These factors are reshaping how insurance is distributed and consumed, supporting robust and sustained market expansion for embedded insurance solutions.

Scope of the Report

The report analyzes the Embedded Insurance market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Insurance (Electronics Insurance, Furniture Insurance, Sports Equipment Insurance, Travel Insurance, Other Insurance); Distribution Channel (Online Distribution Channel, Offline Distribution Channel).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Electronics Insurance segment, which is expected to reach US$415.5 Billion by 2030 with a CAGR of a 38.8%. The Furniture Insurance segment is also set to grow at 28.3% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $41.3 Billion in 2024, and China, forecasted to grow at an impressive 44.9% CAGR to reach $235.4 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Embedded Insurance Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Embedded Insurance Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Embedded Insurance Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Acko (Acko General Insurance), Assurant, Inc., Bolttech, Bsurance GmbH, Cover Genius and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 42 companies featured in this Embedded Insurance market report include:

• Acko (Acko General Insurance)
• Assurant, Inc.
• Bolttech
• Bsurance GmbH
• Cover Genius
• Digit Insurance
• ELEMENT Insurance
• Hippo Enterprises Inc.
• Kasko Ltd.
• Lemonade Insurance Agency LLC
• Metromile, Inc.
• Mulberri
• Penni.io
• Qover S.A./N.V.
• Root Insurance Company
• Slice Insurance Technologies
• Trov
• Travel / InsurTech: Zego
• Travelers Insurance
• Zurich Insurance Group

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.