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The global 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.Complete report on insurtech market spread across 76 pages, analyzing 4 major companies and providing 19 data exhibits are now available at http://www.reportsnreports.com/reports/759411-global-insurtech-market-2016-2020.html
According to the 2016 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.
The following companies are the 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. Order a copy of Global Insurtech Market 2016-2020 report @ http://www.reportsnreports.com/purchase.aspx?name=759411
EMEA occupied the maximum share of over 72% in the global insurtech market during 2015. The emergence of new business models such as telematics, may create new insurance products in the EMEA region. In EMEA, the technological trades are established in countries like the Germany, Netherlands, and the UK. In the Americas, several technological start-ups are coming up in the Silicon Valley which is expected to increase the insurance business and upgrade it in the region. The insurtech market in the America will undergo various acquisitions, collaborations, partnerships, and competition during the forecast period. There has been a continuous increase in the technological deals taking place in the APAC region. Analyst expects a strong growth around blockchain, which is an underlying distributed ledger technology that supports the exchange of secured financial assets
Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the present scenario and the growth prospects of the global insurtech market for 2016-2020. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA.
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.
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