DUBLIN--(BUSINESS WIRE)--The "Global InsurTech Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The InsurTech market will register a CAGR of over 41% by 2023.
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.
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.
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.
Key Players
- Oscar
- Quantemplate
- Shift Technology
- Trov
- ZhongAn
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
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 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
- 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
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
For more information about this report visit https://www.researchandmarkets.com/research/sjmkc6/global_insurtech?w=4
