{"id":269094,"date":"2018-09-25T09:28:09","date_gmt":"2018-09-25T09:28:09","guid":{"rendered":"http:\/\/www.abnewswire.com\/pressreleases\/?p=269094"},"modified":"2018-09-25T09:28:09","modified_gmt":"2018-09-25T09:28:09","slug":"insurtech-market-2018-global-trends-market-share-industry-size-growth-opportunities-forecast-to-2023","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/insurtech-market-2018-global-trends-market-share-industry-size-growth-opportunities-forecast-to-2023_269094.html","title":{"rendered":"Insurtech Market 2018: Global Trends, Market Share, Industry Size, Growth, Opportunities, Forecast to 2023"},"content":{"rendered":"
\"\"<\/a><\/p>\n
\n
“Insurtech”<\/div>\n<\/div>\n<\/div>\n
This report provides major statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.<\/div>\n

Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech<\/strong> <\/a>is a portmanteau of “insurance” and “technology” that was inspired by the term fintech. The belief driving insurtech companies is that the insurance industry is ripe for innovation and disruption. Insurtech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from internet-enabled devices to dynamically price premiums according to observed behavior.
Traditionally, broad actuarial tables are used to assign policy seekers to a risk category. The group is then adjusted so enough people are lumped together to ensure that, overall, the policies are profitable for the company. This approach does, of course, result in some people paying more than they should based on the basic level of data used to group people. Among other things, insurtech is looking to tackle this data and analysis issue head on. Using inputs from all manners of devices, including GPS tracking of cars to the activity trackers on our wrists, these companies are building more finely delineated groupings of risk, allowing products to be priced more competitively. In addition to better pricing models, insurtech startups are testing the waters on a host of potential game changers. These include using deep learning trained artificial intelligence (AI) to handle the tasks of brokers and find the right mix of policies to complete an individual’s coverage. There is also interest in the use of apps to pull disparate policies into one platform for management and monitoring, creating on-demand insurance for micro-events like borrowing a friend’s car, and the adoption of the peer-to-peer model to both create customized group coverage and incentivize positive choices through group rebates.
Over the next five years, LPI(LP Information) projects that Insurtech will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.<\/p>\n

This report presents a comprehensive overview, market shares and growth opportunities of Insurtech market by product type, application, key companies and key regions.<\/p>\n

To calculate the market size, LP Information considers value generated from the sales of the following segments:<\/p>\n

Segmentation by product type:
Cloud Computing
Big data and Analytics
Mobility
Block Chain
Artificial Intelligence
IoT
Segmentation by application:
Commercial P&C insurance
Personal P&C insurance
Health and medical insurance
Life and accident insurance
Insurance administration and risk consulting
Annuities<\/p>\n

Request a Sample Report<\/span> @<\/strong>  https:\/\/www.wiseguyreports.com\/sample-request\/3427243-2018-2023-global-insurtech-market-report-status-and-outlook<\/a><\/p>\n

We can also provide the customized separate regional or country-level reports, for the following regions:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia<\/p>\n

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
Friendsurance
Guevara
Oscars
Zhong An
Acculitx
Allay
Analyze Re
Array Health
BankBazaarcom
Bayzat
Bought By Many
Censio
Claim Di
Collective Health
Common Easy
CoverFox
CoverHound
Cuvva
Dynamis Software
EaseCentral<\/p>\n

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.<\/p>\n

Research objectives
To study and analyze the global Insurtech market size by key regions\/countries, product type and application.
To understand the structure of Insurtech market by identifying its various subsegments.
Focuses on the key global Insurtech players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Insurtech with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Insurtech submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.<\/p>\n

Table of Contents – Key Points
<\/strong><\/p>\n

2018-2023 Global Insurtech Market Report (Status and Outlook)<\/p>\n

1 Scope of the Report<\/strong>
1.1 Market Introduction
1.2 Research Objectives
1.3 Years Considered
1.4 Market Research Methodology
1.5 Economic Indicators
1.6 Currency Considered<\/p>\n

2 Executive Summary<\/strong>
2.1 World Market Overview
2.1.1 Global Insurtech Market Size 2018-2023
2.1.2 Insurtech Market Size CAGR by Region
2.2 Insurtech Segment by Type
2.2.1 Cloud Computing
2.2.2 Big data and Analytics
2.2.3 Social Media
2.2.4 Mobility
2.2.5 Block Chain
2.2.6 Artificial Intelligence
2.2.7 IoT
2.3 Insurtech Market Size by Type
2.3.1 Global Insurtech Market Size Market Share by Type (2018-2023)
2.3.2 Global Insurtech Market Size Growth Rate by Type (2018-2023)
2.4 Insurtech Segment by Application
2.4.1 Commercial P&C insurance
2.4.2 Personal P&C insurance
2.4.3 Health and medical insurance
2.4.4 Life and accident insurance
2.4.5 Insurance administration and risk consulting
2.4.6 Annuities
2.5 Insurtech Market Size by Application
2.5.1 Global Insurtech Market Size Market Share by Application (2018-2023)
2.5.2 Global Insurtech Market Size Growth Rate by Application (2018-2023)<\/p>\n

3 Insurtech Key Players<\/strong>
3.1 Date of Key Players Enter into Insurtech
3.2 Key Players Insurtech Product Offered
3.3 Key Players Insurtech Funding\/Investment Analysis
3.4 Funding\/Investment
3.4.1 Funding\/Investment by Regions
3.4.2 Funding\/Investment by End Industry
3.5 Key Players Insurtech Valuation & Market Capitalization
3.6 Key Players Mergers & Acquisitions, Expansion Plans
3.7 Market Ranking
3.8 New Product\/Technology Launches
3.9 Partnerships, Agreements, and Collaborations
3.10 Mergers and Acquisitions<\/p>\n

4 Insurtech by Regions<\/strong>
4.1 Insurtech Market Size by Regions
4.2 Americas Insurtech Market Size Growth
4.3 APAC Insurtech Market Size Growth
4.4 Europe Insurtech Market Size Growth<\/p>\n

……………<\/p>\n

10 Key Players Analysis<\/strong>
10.1 Friendsurance<\/strong>
10.1.1 Company Details
10.1.2 Insurtech Product Offered
10.1.3 Friendsurance Insurtech Market Size
10.1.4 Main Business Overview
10.1.5 Friendsurance News
10.2 Guevara<\/strong>
10.2.1 Company Details
10.2.2 Insurtech Product Offered
10.2.3 Guevara Insurtech Market Size
10.2.4 Main Business Overview
10.2.5 Guevara News
10.3 Oscars<\/strong>
10.3.1 Company Details
10.3.2 Insurtech Product Offered
10.3.3 Oscars Insurtech Market Size
10.3.4 Main Business Overview
10.3.5 Oscars News
10.4 Zhong An<\/strong>
10.4.1 Company Details
10.4.2 Insurtech Product Offered
10.4.3 Zhong An Insurtech Market Size
10.4.4 Main Business Overview
10.4.5 Zhong An News
10.5 Acculitx<\/strong>
10.5.1 Company Details
10.5.2 Insurtech Product Offered
10.5.3 Acculitx Insurtech Market Size
10.5.4 Main Business Overview
10.5.5 Acculitx News
10.6 Allay<\/strong>
10.6.1 Company Details
10.6.2 Insurtech Product Offered
10.6.3 Allay Insurtech Market Size
10.6.4 Main Business Overview
10.6.5 Allay News
10.7 Analyze Re<\/strong>
10.7.1 Company Details
10.7.2 Insurtech Product Offered
10.7.3 Analyze Re Insurtech Market Size
10.7.4 Main Business Overview
10.7.5 Analyze Re News
10.8 Array Health<\/strong>
10.8.1 Company Details
10.8.2 Insurtech Product Offered
10.8.3 Array Health Insurtech Market Size
10.8.4 Main Business Overview
10.8.5 Array Health News
10.9 BankBazaarcom<\/strong>
10.9.1 Company Details
10.9.2 Insurtech Product Offered
10.9.3 BankBazaarcom Insurtech Market Size
10.9.4 Main Business Overview
10.9.5 BankBazaarcom News
10.10 Bayzat<\/strong>
10.10.1 Company Details
10.10.2 Insurtech Product Offered
10.10.3 Bayzat Insurtech Market Size
10.10.4 Main Business Overview
10.10.5 Bayzat News
10.11 Bought By Many
10.12 Censio
10.13 Claim Di
10.14 Collective Health
10.15 Common Easy
10.16 CoverFox
10.17 CoverHound
10.18 Cuvva
10.19 Dynamis Software
10.20 EaseCentral<\/p>\n

……Continued<\/strong><\/p>\n

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Media Contact<\/span>
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Website:<\/strong> www.wiseguyreports.com<\/a><\/p>\n

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