Insurtech Market Growing at 10.41% CAGR to 2020

Insurtech market Industry IT Research Report is an exhaustive study on the present market scenario of the global Insurtech industry with a special focus on the global market of this industry.

January 16, 2018 /MarketersMedia/

Insurtech market report has been prepared based on an in-depth market analysis with inputs from industry experts. Insurtech market analyst says many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs.

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This analysts forecast the global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020. According to the insurtech market report, many top banks and insurance companies are expected to enhance their offerings or develop strategic partnerships with financial technology innovators to provide innovative payment solutions to customers. The advances and innovations in technologies and different financial, technological platforms have also increased the customers' need for better online experiences.

Key players in the global insurtech market: Friendsurance, Guevara, Oscars, and Zhong An. Other Prominent Vendors in the market are: Acculitx, Allay, Analyze Re, Array Health, BankBazaar.com, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral, Eligible, EverQuote, FirstBest Systems, Gather, Gives range, GoHealth, Goji, Gravie, GroupHub, Haven Life, HealthCare.com, HealthSherpa, Hixme, InforcePRO, insPeer, insuremyrentalcar.com, Insurify, Jointly, Justworks, Ladder, Limelight Health, Lumity, Maxwell Health, Metromile, miEdge, Navera, Picwell, PlanSource, PokitDok, PolicyBazaar, PolicyGenius, Praedicat, QuanTemplate, RenewBuy, ROOT, Sherpaa, Shift Technology, SimplyInsured, Snapsheet, Spex, Stride Health, Sure, Sureify, Inspool, Zebra, TongJuBao, Trov, Tyche, Uvamo, Zenefits, Zest Health, and Zipari.

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Further, the insurtech market report states that It is important for the insured to disclose the exact information to the insurance company. This will help the insured to avoid the number of fraud claims. And this rise in fraud cases has a direct impact on the customers' claim experience. Insurance companies have started conducting stringent checks before paying claim amounts. One of the instances where most fraudulent claims are made is with whiplash injuries. Claims, which are based on whiplash injuries, are common following an accident.

Table of Contents
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Countries covered
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
Overview of insurtech
PART 05: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
Geographical segmentation
EMEA
Americas
APAC
PART 07: Market drivers
Growth of Internet-based business ecosystem
Rationalization of transaction process
Increased need for customer satisfaction
PART 08: Impact of drivers
PART 09: Market challenges
Increasing fraudulent claims
High cost of investment
Global regulatory uncertainty
PART 10: Impact of drivers and challenges
PART 11: Market trends
Incorporating big data analytics
Innovations in insurance technology
Tapping potential of social media channels for better market penetration and collaboration medium
PART 12: Vendor landscape
Competitive landscape
Other prominent vendors
PART 13: Key vendor profile
Friendsurance
Guevara
Oscars
Zhong An
PART 14: Appendix
List of abbreviations

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Release ID: 287577

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