Vendor Landscape
The global InsurTech market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Vendors are adopting various organic and inorganic growth strategies to remain competitive in the market. Alan SA, Clover Health, Cytora Ltd., Haven Life Insurance Agency LLC, Oscar Insurance Corp., Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, Trov Insurance Solutions LLC, and ZhongAn Online Property Insurance Co. Ltd. are among some of the major market participants.
The need to improve business efficiency has been instrumental in driving the growth of the market. However, the high cost of the investment might hamper the market growth. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
View Our Report Sample to know more about the vendor landscape and the factors impacting their growth.
InsurTech Market 2021-2025: Segmentation
The global InsurTech market is segmented as below:
- Value Chain Positioning
- Marketing and Distribution
- IT Support
- Policy Administration and Management
- Claim Management
- Others
The marketing and distribution segment held the largest share of the market in 2021. The market growth in the region will be significant over the forecast period.
- Geography
- North America
- Europe
- APAC
- MEA
- South America
Europe is the key market for InsurTech. The region will account for 47% of the global market share over the forecast period. The UK and France are identified as the key markets for InsurTech in Europe. The market growth in the region will be faster than the growth of the market in North America and MEA.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The InsurTech market report covers the following areas:
InsurTech Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist InsurTech market growth during the next five years
- Estimation of the InsurTech market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the InsurTech market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of the InsurTech market, vendors
Related Reports:
InsurTech Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 45.28% |
Market growth 2021-2025 |
USD 33.73 billion |
Market structure |
Fragmented |
YoY growth (%) |
40.26 |
Regional analysis |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
Europe at 47% |
Key consumer countries |
US, UK, France, Japan, and China |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Alan SA, Clover Health, Cytora Ltd., Haven Life Insurance Agency LLC, Oscar Insurance Corp., Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, Trov Insurance Solutions LLC, and ZhongAn Online Property Insurance Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 03: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 04: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 05: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 06: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 07: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 08: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 09: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 10: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 11: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 12: Threat of rivalry
- 4.7 Market condition
- Exhibit 13: Market condition - Five forces 2020
5 Market Segmentation by Value chain positioning
- 5.1 Market segments
- Exhibit 14: Value chain positioning - Market share 2020-2025 (%)
- 5.2 Comparison by Value chain positioning
- Exhibit 15: Comparison by Value chain positioning
- 5.3 Marketing and distribution - Market size and forecast 2020-2025
- Exhibit 16: Marketing and distribution - Market size and forecast 2020-2025 ($ million)
- Exhibit 17: Marketing and distribution - Year-over-year growth 2020-2025 (%)
- 5.4 IT support - Market size and forecast 2020-2025
- Exhibit 18: IT support - Market size and forecast 2020-2025 ($ million)
- Exhibit 19: IT support - Year-over-year growth 2020-2025 (%)
- 5.5 Policy administration and management - Market size and forecast 2020-2025
- Exhibit 20: Policy administration and management - Market size and forecast 2020-2025 ($ million)
- Exhibit 21: Policy administration and management - Year-over-year growth 2020-2025 (%)
- 5.6 Claim management - Market size and forecast 2020-2025
- Exhibit 22: Claim management - Market size and forecast 2020-2025 ($ million)
- Exhibit 23: Claim management - Year-over-year growth 2020-2025 (%)
- 5.7 Others - Market size and forecast 2020-2025
- Exhibit 24: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Others - Year-over-year growth 2020-2025 (%)
- 5.8 Market opportunity by Value chain positioning
- Exhibit 26: Market opportunity by Value chain positioning
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 28: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 29: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 30: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 31: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 32: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 33: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 34: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 35: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 MEA - Market size and forecast 2020-2025
- Exhibit 36: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 37: MEA - Year-over-year growth 2020-2025 (%)
- 7.7 South America - Market size and forecast 2020-2025
- Exhibit 38: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 39: South America - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 40: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 41: Market opportunity by geography
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 42: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 43: Vendor landscape
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 46: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 47: Market positioning of vendors
- 10.3 Alan SA
- Exhibit 48: Alan SA - Overview
- Exhibit 49: Alan SA - Product and service
- Exhibit 50: Alan SA - Key offerings
- 10.4 Clover Health
- Exhibit 51: Clover Health - Overview
- Exhibit 52: Clover Health - Product and service
- Exhibit 53: Clover Health - Key news
- Exhibit 54: Clover Health - Key offerings
- 10.5 Cytora Ltd.
- Exhibit 55: Cytora Ltd. - Overview
- Exhibit 56: Cytora Ltd. - Product and service
- Exhibit 57: Cytora Ltd. - Key offerings
- 10.6 Haven Life Insurance Agency LLC
- Exhibit 58: Haven Life Insurance Agency LLC - Overview
- Exhibit 59: Haven Life Insurance Agency LLC - Product and service
- Exhibit 60: Haven Life Insurance Agency LLC - Key offerings
- 10.7 Oscar Insurance Corp.
- Exhibit 61: Oscar Insurance Corp. - Overview
- Exhibit 62: Oscar Insurance Corp. - Product and service
- Exhibit 63: Oscar Insurance Corp. - Key offerings
- 10.8 Quantemplate Technologies Inc.
- Exhibit 64: Quantemplate Technologies Inc. - Overview
- Exhibit 65: Quantemplate Technologies Inc. - Product and service
- Exhibit 66: Quantemplate Technologies Inc. - Key offerings
- 10.9 Shift Technology
- Exhibit 67: Shift Technology - Overview
- Exhibit 68: Shift Technology - Product and service
- Exhibit 69: Shift Technology - Key offerings
- 10.10 simplesurance GmbH
- Exhibit 70: simplesurance GmbH - Overview
- Exhibit 71: simplesurance GmbH - Product and service
- Exhibit 72: simplesurance GmbH - Key offerings
- 10.11 Trov Insurance Solutions LLC
- Exhibit 73: Trov Insurance Solutions LLC - Overview
- Exhibit 74: Trov Insurance Solutions LLC - Product and service
- Exhibit 75: Trov Insurance Solutions LLC - Key offerings
- 10.12 ZhongAn Online Property Insurance Co. Ltd.
- Exhibit 76: ZhongAn Online Property Insurance Co. Ltd. - Overview
- Exhibit 77: ZhongAn Online Property Insurance Co. Ltd. - Business segments
- Exhibit 78: ZhongAn Online Property Insurance Co. Ltd. - Key offerings
- Exhibit 79: ZhongAn Online Property Insurance Co. Ltd. - Segment focus
11 Appendix
- 11.2 Currency conversion rates for US$
- Exhibit 80: Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 81: Research Methodology
- Exhibit 82: Validation techniques employed for market sizing
- Exhibit 83: Information sources
- 11.4 List of abbreviations
- Exhibit 84: List of abbreviations
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