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The digital insurance market is forecasted to grow by USD 67.22 billion during 2023-2028, accelerating at a CAGR of 12.8% during the forecast period. The report on the digital insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.Speak directly to the analyst to clarify any post sales queries you may have.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of insurance policies, increased adoption of micro-insurance among low-income individuals and small businesses, and rise in demand for improved client experience.
The digital insurance market is segmented as below:
By Distribution Channel
- Direct sales
- Brokers/agents
- Affiliated partners
By End-user
- Individuals
- Businesses
By Geographical Landscape
- North America
- Europe
- APAC
- South America
- Middle East and Africa
The report on the digital insurance market covers the following areas:
- Digital insurance market sizing
- Digital insurance market forecast
- Digital insurance market industry analysis
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.
Table of Contents
1 Executive Summary
2 Market Analysis
3 Market Landscape
4 Market Sizing
5 Historic Market Size
6 Qualitative Analysis
7 Five Forces Analysis
8 Market Segmentation by Distribution Channel
9 Market Segmentation by End-user
10 Customer Landscape
11 Geographic Landscape
12 Drivers, Challenges, and Opportunity/Restraints
13 Competitive Landscape
14 Competitive Analysis
15 Appendix
List of Exhibits
Executive Summary
The following companies are recognized as the key players in the global digital insurance market: ACKO General Insurance Ltd, Allianz SE, AXA Group, DeadHappy Ltd., Ethos Technologies Inc, Getsafe Digital GmbH, Go Digit General Insurance Ltd., Haven Life Insurance Agency LLC, Hippo Enterprises Inc, ICICI Prudential Life Insurance Co. Ltd, Insured Nomads Corp, Kin Insurance Technology Hub LLC, Ladder Insurance Services, LLC, Lemonade Inc., Life Insurance Corp. of India, New York Life Insurance Co, NEXT Insurance, OPES insurance, Oscar Insurance Corp., RELX Plc, Root inc, Sure inc, The Allstate Corp., Turtlemint Insurance Broking Services Pvt Ltd, Vitality Health Limited, wefox Insurance AG, Westland Insurance, Willis Towers Watson Public Ltd. Co., and Yu Life ltd.Commenting on the report, an analyst from the research team said: "The latest trend gaining momentum in the market is emergence of LCNC development in digital insurance sector."
According to the report, one of the major drivers for this market is the increase in number of insurance policies.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ACKO General Insurance Ltd
- Allianz SE
- AXA Group
- DeadHappy Ltd.
- Ethos Technologies Inc
- Getsafe Digital GmbH
- Go Digit General Insurance Ltd.
- Haven Life Insurance Agency LLC
- Hippo Enterprises Inc
- ICICI Prudential Life Insurance Co. Ltd
- Insured Nomads Corp
- Kin Insurance Technology Hub LLC
- Ladder Insurance Services LLC
- Lemonade Inc.
- Life Insurance Corp. of India
- New York Life Insurance Co
- NEXT Insurance
- OPES insurance
- Oscar Insurance Corp.
- RELX Plc
- Root inc
- Sure inc
- The Allstate Corp.
- Turtlemint Insurance Broking Services Pvt Ltd
- Vitality Health Limited
- wefox Insurance AG
- Westland Insurance
- Willis Towers Watson Public Ltd. Co.
- Yu Life ltd