Insurance Aggregators Market By Enterprise Size, By Insurance Type: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: INSURANCE AGGREGATORS MARKET, BY ENTERPRISE SIZE
4.1 Overview
4.1.1 Market size and forecast
4.2 Large Enterprise
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market share analysis by country
4.3 SMEs
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market share analysis by country

CHAPTER 5: INSURANCE AGGREGATORS MARKET, BY INSURANCE TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Life Insurance
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market share analysis by country
5.3 Automotive Insurance
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market share analysis by country
5.4 Health Insurance
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market share analysis by country
5.5 Other
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market share analysis by country

CHAPTER 6: INSURANCE AGGREGATORS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Enterprise Size
6.2.3 North America Market size and forecast, by Insurance Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U. S.
6.2.4.1.1 Key market trends, growth factors and opportunities
6.2.4.1.2 Market size and forecast, by Enterprise Size
6.2.4.1.3 Market size and forecast, by Insurance Type
6.2.4.2 Canada
6.2.4.2.1 Key market trends, growth factors and opportunities
6.2.4.2.2 Market size and forecast, by Enterprise Size
6.2.4.2.3 Market size and forecast, by Insurance Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Enterprise Size
6.3.3 Europe Market size and forecast, by Insurance Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 UK
6.3.4.1.1 Key market trends, growth factors and opportunities
6.3.4.1.2 Market size and forecast, by Enterprise Size
6.3.4.1.3 Market size and forecast, by Insurance Type
6.3.4.2 Germany
6.3.4.2.1 Key market trends, growth factors and opportunities
6.3.4.2.2 Market size and forecast, by Enterprise Size
6.3.4.2.3 Market size and forecast, by Insurance Type
6.3.4.3 France
6.3.4.3.1 Key market trends, growth factors and opportunities
6.3.4.3.2 Market size and forecast, by Enterprise Size
6.3.4.3.3 Market size and forecast, by Insurance Type
6.3.4.4 Spain
6.3.4.4.1 Key market trends, growth factors and opportunities
6.3.4.4.2 Market size and forecast, by Enterprise Size
6.3.4.4.3 Market size and forecast, by Insurance Type
6.3.4.5 Italy
6.3.4.5.1 Key market trends, growth factors and opportunities
6.3.4.5.2 Market size and forecast, by Enterprise Size
6.3.4.5.3 Market size and forecast, by Insurance Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Key market trends, growth factors and opportunities
6.3.4.6.2 Market size and forecast, by Enterprise Size
6.3.4.6.3 Market size and forecast, by Insurance Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Enterprise Size
6.4.3 Asia-Pacific Market size and forecast, by Insurance Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Key market trends, growth factors and opportunities
6.4.4.1.2 Market size and forecast, by Enterprise Size
6.4.4.1.3 Market size and forecast, by Insurance Type
6.4.4.2 Japan
6.4.4.2.1 Key market trends, growth factors and opportunities
6.4.4.2.2 Market size and forecast, by Enterprise Size
6.4.4.2.3 Market size and forecast, by Insurance Type
6.4.4.3 South Korea
6.4.4.3.1 Key market trends, growth factors and opportunities
6.4.4.3.2 Market size and forecast, by Enterprise Size
6.4.4.3.3 Market size and forecast, by Insurance Type
6.4.4.4 India
6.4.4.4.1 Key market trends, growth factors and opportunities
6.4.4.4.2 Market size and forecast, by Enterprise Size
6.4.4.4.3 Market size and forecast, by Insurance Type
6.4.4.5 Australia
6.4.4.5.1 Key market trends, growth factors and opportunities
6.4.4.5.2 Market size and forecast, by Enterprise Size
6.4.4.5.3 Market size and forecast, by Insurance Type
6.4.4.6 Rest of Asia-Pacific
6.4.4.6.1 Key market trends, growth factors and opportunities
6.4.4.6.2 Market size and forecast, by Enterprise Size
6.4.4.6.3 Market size and forecast, by Insurance Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Enterprise Size
6.5.3 LAMEA Market size and forecast, by Insurance Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Latin America
6.5.4.1.1 Key market trends, growth factors and opportunities
6.5.4.1.2 Market size and forecast, by Enterprise Size
6.5.4.1.3 Market size and forecast, by Insurance Type
6.5.4.2 Middle East
6.5.4.2.1 Key market trends, growth factors and opportunities
6.5.4.2.2 Market size and forecast, by Enterprise Size
6.5.4.2.3 Market size and forecast, by Insurance Type
6.5.4.3 Africa
6.5.4.3.1 Key market trends, growth factors and opportunities
6.5.4.3.2 Market size and forecast, by Enterprise Size
6.5.4.3.3 Market size and forecast, by Insurance Type

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Players
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 Huize Holding Ltd
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 CHECK24 Comparison Portal GmbH Munich
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 VERIVOX
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Moneysupermarket. com Ltd
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 Small Umbrella Insurance Brokers
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 Compare Policy Insurance Web Aggregators Pvt Ltd.
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Insurance Zebra
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Insurify, Inc.
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 Gabi
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Ping An Insurance
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments

Executive Summary

According to this report, titled, 'Insurance Aggregators Market,' The insurance aggregators market was valued at $19.3 billion in 2021, and is estimated to reach $130 billion by 2031, growing at a CAGR of 21.2% from 2022 to 2031.

Insurance aggregators compile and provide information about the insurance policies of various companies on a website. In addition, it is a business entity maintaining a website that provides information on insurance policies offered by different insurance companies available in the market. Furthermore, the insurance aggregator collects data on various policies of insurance companies and upload it on a single online portal. Individuals interested in taking an insurance policy can visit this portal and compare the products, prices, and terms of conditions offered by different insurance companies.

Key factors driving the growth of the insurance aggregator market include rising number of aggregators and digital brokers, the increase in internet userbase and increase in digital influence. The growing technological innovation and increasing individual internet userbase are helping to trigger the global insurance aggregator market in the forecast period. In addition, it is a strong online presence comparing insurance quotes and coverage, supported by extensive advertising to build visibility and drive traffic attracted clients on the basis of convenience and cost, which provides a huge increase in the sales of insurance through online platforms. For instance, in January 2022, according to a survey by Swiss Re, around 65% of Indian respondents are expected to use digital channels such as e-wallets, bank or insurance websites, and e-commerce platforms to purchase insurance in the future, indicating there is potential for primary insurers to move their offerings online and engage new digital consumers.

The market also offers growth opportunities to the key players in the market. Rising awareness about the benefits of insurance aggregator policies to access a broader segment drives the growth of the market. This is attributed to greater transparency of information, encouraging customers to participate more actively in purchasing insurance. In addition, the adoption of automated technology plays a major role in the market growth for faster insurance processes. Furthermore, enhancing overall customer experiences along with lower operational expenses also positively impacts the growth of the market. Moreover, the growing preference for technology and the importance of knowing the requirements of the user is driving innovation in the market, and driving the market growth. In such a competitive marketplace, brokers need to invest time to get to know their customers on a personal level and what they truly need, which results to find the right fit for the product and also largely lifts the growth of the market. These are the factors that drive the market growth.

The insurance aggregator market is segmented into enterprise size, insurance type, and region. On the basis of enterprise size, the market is bifurcated into large enterprises and SMEs. On the basis of insurance type, the market is categorized into life insurance, motor insurance, health insurance and others and by end user, it is classified into insurance companies, aggregators, and third-party administrators and brokers. Region wise, it is analyzed across North America (the U.S., Canada), Europe (the UK, Germany, France, Spain, Italy, and rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa).

The key players profiled in the study include Allianz SE, assicurazioni generali spa, AXA Group, Munich Re, Swiss Re, Aviva, Zurich Insurance Group, Esurance Insurance Services, Inc, Lemonade, Inc., and RooT. The players in the market have been actively engaged in the adoption various strategies such as acquisition, and partnership to remain competitive and gain advantage over the competitors in the market. For instance, in September 2021, Huize Holding Limited acquired Hubei Shengs Life & General Insurance Agency Co., Ltd to offer wide variety of insurance products with a focus on long-term life and health insurance products, and empower its insurer partners to reach a large fragmented client base in the insurance retail market efficiently and enhance their insurance sales.

Key Market Insights

By enterprise size, the large enterprise segment was the highest revenue contributor to the market, and is estimated to reach $ 83,789.19 million by 2031, with a CAGR of 20.7%. However, the SMEs segment is estimated to be the fastest growing segment with the CAGR of 22.1% during the forecast period.

By insurance type, the life insurance segment dominated the global market, and is estimated to reach $ 58,865.60 million by 2031, with a CAGR of 19.4%. However, the health insurance segment is expected to be the fastest growing segment with the CAGR 23.6% during the insurance aggregator Market Forecast.

Based on region, North America was the highest revenue contributor, accounting for $ 7,404.66 million in 2021, and is estimated to reach $ 44,701.74 million by 2031, with a CAGR of 19.8%.

Companies Mentioned

• Small Umbrella Insurance Brokers
• Compare Policy Insurance Web Aggregators Pvt Ltd.
• Insurance Zebra
• Gabi
• Check24 Comparison Portal GmbH Munich
• Verivox
• Moneysupermarket.Com Ltd.
• Insurify, Inc.
• Huize Holding Ltd.
• Ping an Insurance

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.