The insurance industry continues to face challenges, given the pervasive nature of insurance fraud and the inability to account for unforeseen costs, forcing them to spend further capital on reinsurance policies. As the pressure on insurance companies to reduce costs and acquire new customers increases, there is a shift in focus towards data, analytics, and customer acquisition and retention tools.
Our report, Insurance Technology (Insurtech) Market: Transforming the Risk Industry, details the competitive landscape, market size, shares, trends, and forecast of the insurtech market. This report reveals that telematics, social media, and AI is transforming an age-old industry, making insurance technology (insurtech) a hot area for investment and innovation.
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Why This Topic
Market Definition and Structure
Market Size and Performance
Technology Automation, Itself a Disruptive Force
Lack of Data Quality is a Major Barrier
10 to Watch
Figure 1. Data Business Value Pyramid
Figure 2. Insurtech Market, 2015-2020
Table 1. Top Insurtech Providers