Insurance Technology (Insurtech) Market: Transforming the Risk Industry

Author: William Jan

Date: April 17, 2017

Description

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.

What is the key to growing market share among insurtech providers? Be the one who prevails in this increasingly-competitive market. Get a copy of the report today!

Methodology

This report draws extensively from Outsell’s unique industry metrics and analytics, including our proprietary database of over 8,900 companies. We augmented this through 17 personal interviews with CEOs and division heads among the top players in the market and many newer companies in the space. This, combined with Outsell’s daily contact with players in the information industry, and the deep industry experience of our analytical staff, helped form our analysis and conclusions.

Outsell Inc. Insurance Technology (Insurtech) Market: Transforming the Risk Industry

Contents

Why This Topic

Methodology

Market Definition and Structure

Insurtech Defined

Market Structure

Market Size and Performance

Market Forecast

Forecast Assumptions

Market Dynamics

Technology Automation, Itself a Disruptive Force

Lack of Data Quality is a Major Barrier

10 to Watch

Essential Actions

Related Research

About Outsell

Figures

Figure 1. Data Business Value Pyramid

Figure 2. Insurtech Market, 2015-2020

Tables

Table 1. Top Insurtech Providers

 

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Additional information

Analyst

Segment