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Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of “insurance” and “technology” that was inspired by the term fintech. The belief driving insurtech companies is that the insurance industry is ripe for innovation and disruption. Insurtech is exploring avenues that large insurance firms have less incentive to exploit, such as offering ultra-customized policies, social insurance, and using new streams of data from internet-enabled devices to dynamically price premiums according to observed behavior.This report focuses on the Global Insurtech Market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Insurtech development in United States, Europe and China.
Traditionally, broad actuarial tables are used to assign policy seekers to a risk category. The group is then adjusted so enough people are lumped together to ensure that, overall, the policies are profitable for the company. This approach does, of course, result in some people paying more than they should based on the basic level of data used to group people. Among other things, insurtech is looking to tackle this data and analysis issue head on. Using inputs from all manners of devices, including GPS tracking of cars to the activity trackers on our wrists, these companies are building more finely delineated groupings of risk, allowing products to be priced more competitively. In addition to better pricing models, insurtech startups are testing the waters on a host of potential game changers. These include using deep learning trained artificial intelligence (AI) to handle the tasks of brokers and find the right mix of policies to complete an individual’s coverage. There is also interest in the use of apps to pull disparate policies into one platform for management and monitoring, creating on-demand insurance for micro-events like borrowing a friend's car, and the adoption of the peer-to-peer model to both create customized group coverage and incentivize positive choices through group rebates.
Top Companies:
Friendsurance, Guevara, Oscars, Zhong An, Acculitx, Allay, Analyze Re, Array Health, BankBazaarcom, Bayzat, Bought By Many, Censio, Claim Di, Collective Health, Common Easy, CoverFox, CoverHound, Cuvva, Dynamis Software, EaseCentral
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Market analysis by product type
Cloud Computing
Big data and Analytics
Social Media
Mobility
Block Chain
Artificial Intelligence
IoT
Market analysis by market
Commercial P&C insurance
Personal P&C insurance
Health and medical insurance
Life and accident insurance
Insurance administration and risk consulting
Annuities
Market analysis by Region
United States
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Insurtech status, future forecast, growth opportunity, key market and key players.
To present the Insurtech development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
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Some Points From Table of Contents:
Chapter One: Report Overview
1.1 Study Scope
1.2 Key Market Segments
1.3 Players Covered
1.4 Market Analysis by Type
1.4.2 Cloud Computing
1.4.3 Big data and Analytics
1.4.4 Social Media
1.4.5 Mobility
1.4.6 Block Chain
1.4.7 Artificial Intelligence
1.4.8 IoT
1.5 Market by Application
1.5.1 Global Insurtech Market Share by Application (2018-2025)
1.5.2 Commercial P&C insurance
1.5.3 Personal P&C insurance
1.5.4 Health and medical insurance
1.5.5 Life and accident insurance
1.5.6 Insurance administration and risk consulting
1.5.7 Annuities
1.6 Study Objectives
1.7 Years Considered
Chapter Two: Executive Summary
2.1 Insurtech Market Size
2.2 Insurtech Growth Trends by Regions
2.2.1 Insurtech Market Size by Regions (2018-2025)
2.2.2 Insurtech Market Share by Regions (2018-2025)
2.3 Industry Trends
2.3.1 Market Top Trends
2.3.2 Market Use Cases
Chapter Three: Key Players
3.1 Insurtech Revenue by Manufacturers (2018-2019)
3.2 Insurtech Key Players Head office and Area Served
3.3 Key Players Insurtech Product/Solution/Service
3.4 Date of Enter into Insurtech Market
3.5 Key Players Insurtech Funding/Investment Analysis
3.6 Global Key Players Insurtech Valuation & Market Capitalization
3.7 Mergers & Acquisitions, Expansion Plans
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.
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Chapter Nine: International Players Profiles
9.1 Friendsurance
9.1.1 Friendsurance Company Details
9.1.2 Company Description and Business Overview
9.1.3 Insurtech Introduction
9.1.4 Friendsurance Revenue in Insurtech Business (2018-2019)
9.1.5 Friendsurance Recent Development
9.2 Guevara
9.2.1 Guevara Company Details
9.2.2 Company Description and Business Overview
9.2.3 Insurtech Introduction
9.2.4 Guevara Revenue in Insurtech Business (2018-2019)
9.2.5 Guevara Recent Development
9.3 Oscars
9.3.1 Oscars Company Details
9.3.2 Company Description and Business Overview
9.3.3 Insurtech Introduction
9.3.4 Oscars Revenue in Insurtech Business (2018-2019)
9.3.5 Oscars Recent Development
9.4 Zhong An
9.4.1 Zhong An Company Details
9.4.2 Company Description and Business Overview
9.4.3 Insurtech Introduction
9.4.4 Zhong An Revenue in Insurtech Business (2018-2019)
9.4.5 Zhong An Recent Development
9.5 Acculitx
9.5.1 Acculitx Company Details
9.5.2 Company Description and Business Overview
9.5.3 Insurtech Introduction
9.5.4 Acculitx Revenue in Insurtech Business (2017-2018)
9.5.5 Acculitx Recent Development
9.6 Allay
9.6.1 Allay Company Details
9.6.2 Company Description and Business Overview
9.6.3 Insurtech Introduction
9.6.4 Allay Revenue in Insurtech Business (2017-2018)
9.6.5 Allay Recent Development
9.7 Analyze Re
9.7.1 Analyze Re Company Details
9.7.2 Company Description and Business Overview
9.7.3 Insurtech Introduction
9.7.4 Analyze Re Revenue in Insurtech Business (2018-2019)
9.7.5 Analyze Re Recent Development
9.8 Array Health
9.8.1 Array Health Company Details
9.8.2 Company Description and Business Overview
9.8.3 Insurtech Introduction
9.8.4 Array Health Revenue in Insurtech Business (2018-2019)
9.8.5 Array Health Recent Development
9.9 BankBazaarcom
9.9.1 BankBazaarcom Company Details
9.9.2 Company Description and Business Overview
9.9.3 Insurtech Introduction
9.9.4 BankBazaarcom Revenue in Insurtech Business (2018-2019)
9.9.5 BankBazaarcom Recent Development
9.10 Bayzat
9.10.1 Bayzat Company Details
9.10.2 Company Description and Business Overview
9.10.3 Insurtech Introduction
9.10.4 Bayzat Revenue in Insurtech Business (2018-2019)
9.10.5 Bayzat Recent Development
9.11 Bought By Many
9.12 Censio
9.13 Claim Di
9.14 Collective Health
9.15 Common Easy
9.16 CoverFox
9.17 CoverHound
9.18 Cuvva
9.19 Dynamis Software
9.20 EaseCentral
Chapter Ten: Market Dynamics
10.1 Drivers
10.2 Opportunities
10.3 Challenges
10.4 Market Ecosystem
10.5 Market Value Chain Analysis
Chapter Eleven: Key Findings in This Report
Chapter Twelve: Appendix
12.1 Research Methodology
12.1.1 Methodology/Research Approach
12.1.1.1 Research Programs/Design
12.1.1.2 Market Size Estimation
12.1.1.3 Market Breakdown and Data Triangulation
12.1.2 Data Source
12.1.2.1 Secondary Sources
12.1.2.2 Primary Sources
12.2 Disclaimer
12.3 Author Details
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