Rapport d’analyse de la taille, de la part et des tendances du marché mondial de l’Assurtech – Aperçu et prévisions du secteur jusqu’en 2031

Analyse du marché de l'Assurtech

Le marché de l'insurtech connaît une croissance rapide à mesure que les solutions technologiques transforment le secteur de l'assurance traditionnel. Ce secteur, qui fusionne « assurance » et « technologie », est porté par la demande croissante d'innovation numérique pour améliorer l'efficacité opérationnelle, l'expérience client et la gestion des risques. Les principaux facteurs contribuant à l'expansion du marché comprennent les progrès de l'intelligence artificielle (IA) , de l'apprentissage automatique, de l'analyse des mégadonnées et de la technologie blockchain. L'intégration de la technologie blockchain fait également des progrès significatifs dans le secteur de l'insurtech. La blockchain offre une méthode sécurisée et transparente pour gérer les transactions d'assurance, réduire le risque de fraude et garantir l'intégrité des données . Cette technologie facilite la gestion efficace des contrats, le traitement des réclamations et la conformité réglementaire, contribuant ainsi à accroître la confiance et la fiabilité des opérations d'assurance.

Taille du marché de l'Insurtech

La taille du marché mondial de l'Insurtech a été évaluée à 5,16 milliards USD en 2023 et devrait atteindre 19,53 milliards USD d'ici 2031, avec un TCAC de 18,10 % au cours de la période de prévision de 2024 à 2031. En plus des informations sur le marché telles que la valeur du marché, le taux de croissance, les segments de marché, la couverture géographique, les acteurs du marché et le scénario du marché, le rapport de marché organisé par l'équipe de recherche sur le marché de Data Bridge comprend une analyse approfondie des experts, une analyse des importations/exportations, une analyse des prix, une analyse de la consommation de production et une analyse du pilon.

Tendances du marché de l'Assurtech

« Capacités de gestion des risques améliorées »

L’amélioration des capacités de gestion des risques est une tendance majeure du marché qui stimule la croissance du secteur de l’insurtech. Les technologies avancées, telles que l’intelligence artificielle (IA), l’apprentissage automatique et l’analyse des big data, révolutionnent la façon dont les assureurs évaluent et gèrent les risques. Ces technologies permettent une évaluation plus précise des facteurs de risque en analysant de vastes quantités de données provenant de diverses sources, notamment les sinistres historiques, la surveillance en temps réel et le comportement des clients. En conséquence, les assureurs peuvent développer des modèles de tarification plus précis et proposer des options de couverture mieux adaptées aux profils de risque individuels. Par exemple, les algorithmes basés sur l’IA peuvent identifier des tendances et prédire les risques potentiels avec une plus grande précision, ce qui permet aux assureurs d’adapter leurs politiques à des besoins spécifiques et de minimiser l’exposition aux pertes.

Additionally, real-time data collection and analysis enhance proactive risk management by enabling insurers to monitor and respond to emerging risks more effectively. This trend towards enhanced risk management not only improves the accuracy of underwriting and pricing but also contributes to more personalized and efficient insurance solutions. As the industry continues to adopt and integrate these advanced technologies, the ability to manage risk will become increasingly sophisticated, driving further innovation and growth in the insurtech market.

Report Scope and Market Segmentation       

Insurtech Market Definition

Insurtech refers to the use of technology and innovative approaches to enhance and transform the insurance industry. This term combines "insurance" and "technology," highlighting the integration of digital solutions and advancements to improve various aspects of insurance services. Insurtech aims to enhance customer experience, reduce operational costs, improve risk assessment, and drive innovation within the insurance industry, making it more accessible, efficient, and responsive to modern needs.                  

Insurtech Market Dynamics

Drivers   

• Growing Adoption of Digital Platforms

The growing adoption of digital platforms is a significant driver in the insurtech market, transforming how insurance services are delivered and managed. These platforms offer convenience, allowing customers to access their insurance information, manage their policies, and file claims from anywhere at any time. The shift towards digital solutions enhances customer experience by providing real-time updates and reducing the need for manual paperwork. This transition also streamlines internal processes for insurers, leading to increased operational efficiency and cost savings. The demand for digital platforms is driving the insurtech market as companies seek to leverage technology to meet evolving customer expectations and remain competitive in a digital-first world.

• Increased Use of Big Data Analytics

The increased use of big data analytics is reshaping the insurtech market by enabling insurers to develop more accurate and tailored insurance products. The ability to analyze large datasets provides valuable insights into customer behavior, risk patterns, and market trends. Insurers can leverage these insights to refine their underwriting processes, assess risk more effectively, and create personalized insurance offerings that better meet individual needs. Big data analytics also supports dynamic pricing models and fraud detection by identifying patterns and anomalies that might indicate fraudulent activity. This trend drives innovation in the insurtech sector, as companies develop new tools and technologies to harness the power of big data.

Opportunities

• Development of AI-Powered Solutions

The development of AI-powered solutions is driving significant advancements in the insurtech market by enabling more sophisticated underwriting, risk assessment, and customer service tools. AI technologies, such as machine learning and natural language processing, offer the capability to analyze large volumes of data and generate insights that were previously unattainable. These solutions enhance underwriting accuracy by identifying patterns and predicting risk with greater precision. AI-driven tools also improve customer service by providing personalized recommendations, automating routine tasks, and handling customer inquiries more efficiently. The continuous evolution of AI technologies presents opportunities for creating innovative insurance products and services that meet the changing needs of consumers.

• Increased Investment in Insurtech Start-ups

Venture capital and private equity firms are increasingly directing funds towards emerging insurtech companies that are developing cutting-edge technologies and new business models. This influx of investment supports the creation of innovative solutions that address various aspects of the insurance value chain, including underwriting, claims processing, and customer engagement. The financial backing enables start-ups to accelerate their development, scale their operations, and bring novel solutions to market more quickly. Increased investment in insurtech start-ups is fueling innovation and creating opportunities for growth in the market.

Restraints/Challenges

• Data Privacy Concerns

Data privacy concerns are a significant challenge in the insurtech market, as the handling of sensitive customer information raises issues related to security and regulatory compliance. Insurtech solutions often involve the collection and processing of personal data, including health records, financial information, and biometric data. Ensuring the protection of this data against unauthorized access and breaches is critical for maintaining consumer trust and adhering to data protection regulations, such as GDPR and CCPA. Insurers must implement robust security measures, including encryption, secure storage, and regular audits, to safeguard customer information.

• Integration with Legacy Systems

Integration with legacy systems presents a major challenge in the insurtech market, as the complexity and cost of incorporating new technologies with existing infrastructure can impede growth. Many insurance companies operate on outdated legacy systems that were not designed to support modern digital solutions. Integrating advanced insuretech technologies with these systems often involves significant technical challenges, including compatibility issues and the need for extensive customization. The costs associated with system upgrades, data migration, and staff training can be substantial, which may deter some insurers from pursuing digital transformation.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Insurtech Market Scope

The market is segmented on the basis of product, application, and type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• AI
• Hadoop
• Blockchain

Application

• Products
• Services

Type

• Auto
• Business
• Health
• Home
• Specialty
• Travel

Insurtech Market Regional Analysis

The market is analyzed and market size insights and trends are provided by country, product, application, and type as referenced above.

The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.

North America is expected to dominate the market due to the heightened adoption of innovative insurance technologies and increasing consumer expenditure on insurance-related products. The region's dominance is attributed to a robust insurance infrastructure and a high level of technological advancement.           

Asia-Pacific is expected to be the fastest growing due to the dynamic presence of emerging economies and key financial hubs within the region. Rapid urbanization, increasing internet penetration, and a growing middle-class population contribute to the rising demand for advanced insurance technologies. Countries such as China, India, and Southeast Asian nations are experiencing significant economic growth, which is creating a burgeoning market for insurtech solutions. 

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Insurtech Market Share

The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.

Les leaders du marché de l'Insurtech opérant sur le marché sont :

• Société de technologie DXC (États-Unis)
• Trov, Inc. (États-Unis)
• Wipro Limited (Inde)
• ZhongAn (Chine)
• TCS (Inde)
• Cognizant (États-Unis)
• Infosys (Inde)
• Pegasystems (États-Unis)
• Appian (États-Unis)
• Mindtree (Inde)
• Prima Solutions (Inde)
• Fineos (Irlande)
• Bolt Solutions (États-Unis)
• Majesco (États-Unis)
• Groupe EIS (États-Unis)
• Assurance Oscar (États-Unis)
• Quantemplate (Royaume-Uni)
• Technologie Shift (Inde)

Les derniers développements sur le marché de l'Insurtech

• En mars 2024, CNB Bank & Trust (CIBC) et Insuritas se sont associées pour lancer une agence d'assurance complète intégrée à la plateforme de la CIBC. Insuritas est honorée d'avoir été choisie par la CIBC pour déployer sa solution d'agence d'assurance numérique entièrement intégrée et acclamée. La plateforme BUNDLE, développée par Insuritas, fait désormais partie de l'écosystème de la CIBC, offrant une solution d'assurance complète aux clients de détail et commerciaux
• En juin 2023, Clover Health Investments Corp., un important fournisseur de services d'aide aux médecins dédiés à l'amélioration de l'accès à des soins de santé de qualité dans le cadre de Medicare, a annoncé un accord préliminaire visant à résoudre sept poursuites dérivées. Ces poursuites sont actuellement en instance devant les tribunaux du Delaware, de New York et du Tennessee

SKU-56799