Fintech in the insurance market is booming so fast | Top players
PRESS RELEASE
Published on February 21, 2023
The latest study released on Global Fintech in Insurance Market by HTF MI Research evaluates the market size, trend and forecast to 2029. The Fintech in Insurance market study covers significant research data and evidence to be a useful resource document for executives, analysts, industry experts and other key individuals for to have ready-to-access and self-analyzed studies to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competition.
Key players in this report include:
Next Insurance , Zipari , MetroMile , Corvus Insurance , Kin Insurance , Policygenius , Clearcover , Lemonade , Circulo HealthArtivatic , Mantra Labs , Pentation Analytics , Toffee Insurance
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According to HTF Market Intelligence, the Global Fintech in Insurance market will witness a CAGR of 22.55% during the forecast period 2023-2029. The market is segmented by application (consumer, industrial, oil and gas, manufacturing, logistics, financial services, government and public services, life sciences and healthcare) by type (property and casualty, life insurance, health insurance, others) by technology (IOT, Blockchain, Artificial Intelligence and Machine Learning, Robotic Process Automation (RPA), Others) by deployment mode (cloud-based, on-premise) and by geography (North America, South America, Europe, Asia-Pacific, MEA) xxx market size is estimated to grow by USD 62351 .86 million at a CAGR of 22.55% from 2023 to 2029. The report includes historical market data from 2017 to 2022E. Currently, the market cap is pegged at USD 26091.43 Million
Definition:
FinTech in Insurance is a financial technology that transforms the offer of financial services, creates new opportunities and presents new challenges for both the insurance industry and financial supervision. Fintech innovations refer to the diversity of new technologies and innovative business models for the potential to transform the insurance business. Geographically, North America is leading the adoption of fintech in insurance due to increasing demand in various sectors such as oil and gas, aviation, manufacturing for insurance products and business areas, with concentrations in the P&C business, and therefore the market for fintech in insurance is triggering the growth in the market during the forecast period
Market trends:
- Increasing demand for blockchain technology for faster claim processing and payment
- Fintech in insurance companies minimizes inefficiencies by using artificial intelligence (AI) to automate much of this process.
Market drivers:
- Customers need fast, practical and personal service. Fintech in insurance can help to offer such a service
Market opportunities:
- Fintech in insurance has met the demand of the digital-native generation, helping insurers appeal to a younger clientele
Important highlights i Fintech in insurance Market report published by HTF MI
Market Segmentation by Applications: Consumer, Industrial, Oil & Gas, Manufacturing, Logistics, Financial Services, Government & Public Services, Life Sciences & Healthcare
Market breakdown by type: property and casualty, life insurance, health insurance, others
Global Fintech Insurance market report highlights information on current and future industry trends, growth patterns as well as offers business strategies to help the stakeholders in making sensible decisions that can help ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share and growth rate is for the following regions:
- Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (USA, Mexico and Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands, Denmark, Belgium, Switzerland, Germany, Russia, United Kingdom, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia and Australia).
Objectives of the report
- -To carefully analyze and forecast the size of Fintech in the insurance market by value and volume.
- -To estimate the market shares of large segments of Fintech in insurance
- -To showcase the development of Fintech in the insurance market in different parts of the world.
- -To analyze and study micro markets in terms of their contribution to the Fintech in Insurance market, their prospects and individual growth trends.
- -To offer precise and useful details on factors influencing the growth of Fintech in insurance
- -To provide an in-depth assessment of key business strategies used by leading companies operating in the Fintech in Insurance market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments and product launches.
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Key highlights from the table of contents:
Fintech in insurance Market research coverage:
- It includes major manufacturers, emerging players’ growth history, and major business segments of Fintech in Insurance market, years considered, and research targets. In addition, segmentation based on type of product, application and technology.
- Fintech in Insurance Market Executive Summary: It provides a summary of overall studies, growth rate, available market, competitive landscape, market drivers, trends and issues, and macroscopic indicators.
- Fintech in the Insurance Market Production by Region Fintech in the Insurance Market The profile of manufacturers-players is studied on the basis of SWOT, their products, production, value, economy and other important factors.
- Key Points Covered in Fintech in Insurance Market Report:
- Fintech in insurance overview, definition and classification Market drivers and barriers
- Fintech in insurance market competition from manufacturers
- Fintech in Insurance Capacity, Production, Revenue (Value) by Region (2023-2029)
- Fintech in Insurance Supply (Production), Consumption, Export, Import by Region (2023-2029)
- Fintech in insurance production, revenue (value), price development by type {property and casualty, life insurance, health insurance, others}
- Fintech in Insurance Market Analysis by Application {Consumer, Industrials, Oil and Gas, Manufacturing, Logistics, Financial Services, Government & Public Services, Life Sciences & Health Care}
- Fintech in Insurance Manufacturers Profiles/Analysis Fintech in Insurance Manufacturing Cost Analysis, Industry/Supply Chain Analysis, Sourcing Strategy and Downstream Buyers, Marketing
- Strategy by Key Manufacturers/Players, Connected Distributors/Traders Standardization, Regulatory and Collaboration Initiatives, Industry Roadmap and Value Chain Analysis of Market Impact Factors.
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Key questions answered
- How feasible is Fintech in the insurance market for long-term investment?
- What are factors influencing the demand for Fintech in insurance in the near future?
- What is the impact analysis of various factors in the global Fintech in Insurance market growth?
- What are the latest trends in the regional market and how successful are they?
Thank you for reading this article; HTF MI also offers Custom Research services that provide focused, comprehensive and tailored research according to the client’s objectives. Thank you for reading this article; you can also get individual chapter-wise parts or region-wise reports such as Balkans, China-based, North America, Europe or Southeast Asia.
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