Insurance Technology Market 2022: Key Strategies, Historical Analysis, Trends, New Opportunities and Forecast Till 2028
The insurance industry continues to face challenges, given the pervasive nature of insurance fraud and the inability to account for unforeseen costs, forcing them to spend further capital on reinsurance policies. As the pressure on insurance companies to reduce costs and acquire new customers increases, there is a shift in focus towards data, analytics, and customer acquisition and retention tools and comes Insurance technology in Trend.
This report elaborates the market size, market characteristics, and market growth of the Insurance Technology industry, and breaks down according to the type, application, and consumption area of Insurance Technology. The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
In Chapter 3.4 of the report, the impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Insurance Technology in a special period. This chapter also compares the markets of Pre COVID-19 and Post COVID-19.
In addition, chapters 8-12 consider the impact of COVID-19 on the regional economy.
Key players in the global Insurance Technology market covered in Chapter 13:
TIA Technology
msg life
Hubio
DXC Technology
Patriot Technology Solutions
Seibels
Xchanging
Marias Technology
Ventiv
Majesco
TechInsurance
Insurance Technology Services
In Chapter 6, on the basis of types, the Insurance Technology market from 2015 to 2025 is primarily split into:
Software
Services
Tools
In Chapter 7, on the basis of applications, the Insurance Technology market from 2015 to 2025 covers:
Insurance Companies
Third Party Administration
Brokers
Geographically, the detailed analysis of production, trade of the following countries is covered in Chapter 4.2, 5:
United States
Europe
China
Japan
India
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 8, 9, 10, 11, 12:
North America (Covered in Chapter 8)
United States
Canada
Mexico
Europe (Covered in Chapter 9)
Germany
UK
France
Italy
Spain
Others
Asia-Pacific (Covered in Chapter 10)
China
Japan
India
South Korea
Southeast Asia
Others
Middle East and Africa (Covered in Chapter 11)
Saudi Arabia
UAE
South Africa
Others
South America (Covered in Chapter 12)
Brazil
Others
Years considered for this report:
Historical Years: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2020-2025
Table of Content
1 Insurance Technology Market - Research Scope
1.1 Study Goals
1.2 Market Definition and Scope
1.3 Key Market Segments
1.4 Study and Forecasting Years
2 Insurance Technology Market - Research Methodology
2.1 Methodology
2.2 Research Data Source
2.2.1 Secondary Data
2.2.2 Primary Data
2.2.3 Market Size Estimation
2.2.4 Legal Disclaimer
3 Insurance Technology Market Forces
3.1 Global Insurance Technology Market Size
3.2 Top Impacting Factors (PESTEL Analysis)
3.2.1 Political Factors
3.2.2 Economic Factors
3.2.3 Social Factors
3.2.4 Technological Factors
3.2.5 Environmental Factors
3.2.6 Legal Factors
3.3 Industry Trend Analysis
3.4 Industry Trends Under COVID-19
3.4.1 Risk Assessment on COVID-19
3.4.2 Assessment of the Overall Impact of COVID-19 on the Industry
3.4.3 Pre COVID-19 and Post COVID-19 Market Scenario
3.5 Industry Risk Assessment
4 Insurance Technology Market - By Geography
4.1 Global Insurance Technology Market Value and Market Share by Regions
4.1.1 Global Insurance Technology Value ($) by Region (2015-2020)
4.1.2 Global Insurance Technology Value Market Share by Regions (2015-2020)
4.2 Global Insurance Technology Market Production and Market Share by Major Countries
4.2.1 Global Insurance Technology Production by Major Countries (2015-2020)
4.2.2 Global Insurance Technology Production Market Share by Major Countries (2015-2020)
4.3 Global Insurance Technology Market Consumption and Market Share by Regions
4.3.1 Global Insurance Technology Consumption by Regions (2015-2020)
4.3.2 Global Insurance Technology Consumption Market Share by Regions (2015-2020)
5 Insurance Technology Market - By Trade Statistics
5.1 Global Insurance Technology Export and Import
5.2 United States Insurance Technology Export and Import (2015-2020)
5.3 Europe Insurance Technology Export and Import (2015-2020)
5.4 China Insurance Technology Export and Import (2015-2020)
5.5 Japan Insurance Technology Export and Import (2015-2020)
5.6 India Insurance Technology Export and Import (2015-2020)
5.7
6 Insurance Technology Market - By Type
6.1 Global Insurance Technology Production and Market Share by Types (2015-2020)
6.1.1 Global Insurance Technology Production by Types (2015-2020)
6.1.2 Global Insurance Technology Production Market Share by Types (2015-2020)
6.2 Global Insurance Technology Value and Market Share by Types (2015-2020)
6.2.1 Global Insurance Technology Value by Types (2015-2020)
6.2.2 Global Insurance Technology Value Market Share by Types (2015-2020)
6.3 Global Insurance Technology Production, Price and Growth Rate of Software (2015-2020)
6.4 Global Insurance Technology Production, Price and Growth Rate of Services (2015-2020)
6.5 Global Insurance Technology Production, Price and Growth Rate of Tools (2015-2020)
7 Insurance Technology Market - By Application
7.1 Global Insurance Technology Consumption and Market Share by Applications (2015-2020)
7.1.1 Global Insurance Technology Consumption by Applications (2015-2020)
7.1.2 Global Insurance Technology Consumption Market Share by Applications (2015-2020)
7.2 Global Insurance Technology Consumption and Growth Rate of Insurance Companies (2015-2020)
7.3 Global Insurance Technology Consumption and Growth Rate of Third Party Administration (2015-2020)
7.4 Global Insurance Technology Consumption and Growth Rate of Brokers (2015-2020)
8 North America Insurance Technology Market
8.1 North America Insurance Technology Market Size
8.2 United States Insurance Technology Market Size
8.3 Canada Insurance Technology Market Size
8.4 Mexico Insurance Technology Market Size
8.5 The Influence of COVID-19 on North America Market
9 Europe Insurance Technology Market Analysis
9.1 Europe Insurance Technology Market Size
9.2 Germany Insurance Technology Market Size
9.3 United Kingdom Insurance Technology Market Size
9.4 France Insurance Technology Market Size
9.5 Italy Insurance Technology Market Size
9.6 Spain Insurance Technology Market Size
9.7 The Influence of COVID-19 on Europe Market
10 Asia-Pacific Insurance Technology Market Analysis
10.1 Asia-Pacific Insurance Technology Market Size
10.2 China Insurance Technology Market Size
10.3 Japan Insurance Technology Market Size
10.4 South Korea Insurance Technology Market Size
10.5 Southeast Asia Insurance Technology Market Size
10.6 India Insurance Technology Market Size
10.7 The Influence of COVID-19 on Asia Pacific Market
11 Middle East and Africa Insurance Technology Market Analysis
11.1 Middle East and Africa Insurance Technology Market Size
11.2 Saudi Arabia Insurance Technology Market Size
11.3 UAE Insurance Technology Market Size
11.4 South Africa Insurance Technology Market Size
11.5 The Influence of COVID-19 on Middle East and Africa Market
12 South America Insurance Technology Market Analysis
12.1 South America Insurance Technology Market Size
12.2 Brazil Insurance Technology Market Size
12.3 The Influence of COVID-19 on South America Market
13 Company Profiles
13.1 TIA Technology
13.1.1 TIA Technology Basic Information
13.1.2 TIA Technology Product Profiles, Application and Specification
13.1.3 TIA Technology Insurance Technology Market Performance (2015-2020)
13.2 msg life
13.2.1 msg life Basic Information
13.2.2 msg life Product Profiles, Application and Specification
13.2.3 msg life Insurance Technology Market Performance (2015-2020)
13.3 Hubio
13.3.1 Hubio Basic Information
13.3.2 Hubio Product Profiles, Application and Specification
13.3.3 Hubio Insurance Technology Market Performance (2015-2020)
13.4 DXC Technology
13.4.1 DXC Technology Basic Information
13.4.2 DXC Technology Product Profiles, Application and Specification
13.4.3 DXC Technology Insurance Technology Market Performance (2015-2020)
13.5 Patriot Technology Solutions
13.5.1 Patriot Technology Solutions Basic Information
13.5.2 Patriot Technology Solutions Product Profiles, Application and Specification
13.5.3 Patriot Technology Solutions Insurance Technology Market Performance (2015-2020)
13.6 Seibels
13.6.1 Seibels Basic Information
13.6.2 Seibels Product Profiles, Application and Specification
13.6.3 Seibels Insurance Technology Market Performance (2015-2020)
13.7 Xchanging
13.7.1 Xchanging Basic Information
13.7.2 Xchanging Product Profiles, Application and Specification
13.7.3 Xchanging Insurance Technology Market Performance (2015-2020)
13.8 Marias Technology
13.8.1 Marias Technology Basic Information
13.8.2 Marias Technology Product Profiles, Application and Specification
13.8.3 Marias Technology Insurance Technology Market Performance (2015-2020)
13.9 Ventiv
13.9.1 Ventiv Basic Information
13.9.2 Ventiv Product Profiles, Application and Specification
13.9.3 Ventiv Insurance Technology Market Performance (2015-2020)
13.10 Majesco
13.10.1 Majesco Basic Information
13.10.2 Majesco Product Profiles, Application and Specification
13.10.3 Majesco Insurance Technology Market Performance (2015-2020)
13.11 TechInsurance
13.11.1 TechInsurance Basic Information
13.11.2 TechInsurance Product Profiles, Application and Specification
13.11.3 TechInsurance Insurance Technology Market Performance (2015-2020)
13.12 Insurance Technology Services
13.12.1 Insurance Technology Services Basic Information
13.12.2 Insurance Technology Services Product Profiles, Application and Specification
13.12.3 Insurance Technology Services Insurance Technology Market Performance (2015-2020)
14 Market Forecast - By Regions
14.1 North America Insurance Technology Market Forecast (2020-2025)
14.2 Europe Insurance Technology Market Forecast (2020-2025)
14.3 Asia-Pacific Insurance Technology Market Forecast (2020-2025)
14.4 Middle East and Africa Insurance Technology Market Forecast (2020-2025)
14.5 South America Insurance Technology Market Forecast (2020-2025)
15 Market Forecast - By Type and Applications
15.1 Global Insurance Technology Market Forecast by Types (2020-2025)
15.1.1 Global Insurance Technology Market Forecast Production and Market Share by Types (2020-2025)
15.1.2 Global Insurance Technology Market Forecast Value and Market Share by Types (2020-2025)
15.2 Global Insurance Technology Market Forecast by Applications (2020-2025)
List of Tables and Figures
Figure Insurance Technology Picture
Table Insurance Technology Key Market Segments
Figure Study and Forecasting Years
Figure Global Insurance Technology Market Size and Growth Rate 2015-2025
Figure Industry PESTEL Analysis
Figure Global COVID-19 Status
Figure Market Size Forecast Comparison of Pre COVID-19 and Post COVID-19
Figure Global Insurance Technology Value ($) and Growth Rate (2015-2020)
Table Global Insurance Technology Value ($) by Countries (2015-2020)
Table Global Insurance Technology Value Market Share by Regions (2015-2020)
Figure Global Insurance Technology Value Market Share by Regions in 2019
Figure Global Insurance Technology Production and Growth Rate (2015-2020)
Table Global Insurance Technology Production by Major Countries (2015-2020)
Table Global Insurance Technology Production Market Share by Major Countries (2015-2020)
Figure Global Insurance Technology Production Market Share by Regions in 2019
Figure Global Insurance Technology Consumption and Growth Rate (2015-2020)
Table Global Insurance Technology Consumption by Regions (2015-2020)
Table Global Insurance Technology Consumption Market Share by Regions (2015-2020)
Figure Global Insurance Technology Consumption Market Share by Regions in 2019
Table Global Insurance Technology Export Top 3 Country 2019
Table Global Insurance Technology Import Top 3 Country 2019
Table United States Insurance Technology Export and Import (2015-2020)
Table Europe Insurance Technology Export and Import (2015-2020)
Table China Insurance Technology Export and Import (2015-2020)
Table Japan Insurance Technology Export and Import (2015-2020)
Table India Insurance Technology Export and Import (2015-2020)
Table Global Insurance Technology Production by Types (2015-2020)
Table Global Insurance Technology Production Market Share by Types (2015-2020)
Figure Global Insurance Technology Production Share by Type (2015-2020)
Table Global Insurance Technology Value by Types (2015-2020)
Table Global Insurance Technology Value Market Share by Types (2015-2020)
Figure Global Insurance Technology Value Share by Type (2015-2020)
Figure Global Software Production and Growth Rate (2015-2020)
Figure Global Software Price (2015-2020)
Figure Global Services Production and Growth Rate (2015-2020)
Figure Global Services Price (2015-2020)
Figure Global Tools Production and Growth Rate (2015-2020)
Figure Global Tools Price (2015-2020)
Table Global Insurance Technology Consumption by Applications (2015-2020)
Table Global Insurance Technology Consumption Market Share by Applications (2015-2020)
Figure Global Insurance Technology Consumption Share by Application (2015-2020)
Figure Global Insurance Companies Consumption and Growth Rate (2015-2020)
Figure Global Third Party Administration Consumption and Growth Rate (2015-2020)
Figure Global Brokers Consumption and Growth Rate (2015-2020)
Figure North America Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table North America Insurance Technology Consumption by Countries (2015-2020)
Table North America Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure North America Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure United States Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Canada Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Mexico Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure North America COVID-19 Status
Figure Europe Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table Europe Insurance Technology Consumption by Countries (2015-2020)
Table Europe Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Europe Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Germany Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure United Kingdom Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure France Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Italy Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Spain Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Europe COVID-19 Status
Figure Asia-Pacific Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table Asia-Pacific Insurance Technology Consumption by Countries (2015-2020)
Table Asia-Pacific Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Asia-Pacific Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure China Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Japan Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure South Korea Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Southeast Asia Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure India Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure Asia Pacific COVID-19 Status
Figure Middle East and Africa Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table Middle East and Africa Insurance Technology Consumption by Countries (2015-2020)
Table Middle East and Africa Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Middle East and Africa Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Saudi Arabia Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure UAE Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure South Africa Insurance Technology Market Consumption and Growth Rate (2015-2020)
Figure South America Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table South America Insurance Technology Consumption by Countries (2015-2020)
Table South America Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure South America Insurance Technology Consumption Market Share by Countries (2015-2020)
Figure Brazil Insurance Technology Market Consumption and Growth Rate (2015-2020)
Table TIA Technology Company Profile
Table TIA Technology Production, Value, Price, Gross Margin 2015-2020
Figure TIA Technology Production and Growth Rate
Figure TIA Technology Value ($) Market Share 2015-2020
Table msg life Company Profile
Table msg life Production, Value, Price, Gross Margin 2015-2020
Figure msg life Production and Growth Rate
Figure msg life Value ($) Market Share 2015-2020
Table Hubio Company Profile
Table Hubio Production, Value, Price, Gross Margin 2015-2020
Figure Hubio Production and Growth Rate
Figure Hubio Value ($) Market Share 2015-2020
Table DXC Technology Company Profile
Table DXC Technology Production, Value, Price, Gross Margin 2015-2020
Figure DXC Technology Production and Growth Rate
Figure DXC Technology Value ($) Market Share 2015-2020
Table Patriot Technology Solutions Company Profile
Table Patriot Technology Solutions Production, Value, Price, Gross Margin 2015-2020
Figure Patriot Technology Solutions Production and Growth Rate
Figure Patriot Technology Solutions Value ($) Market Share 2015-2020
Table Seibels Company Profile
Table Seibels Production, Value, Price, Gross Margin 2015-2020
Figure Seibels Production and Growth Rate
Figure Seibels Value ($) Market Share 2015-2020
Table Xchanging Company Profile
Table Xchanging Production, Value, Price, Gross Margin 2015-2020
Figure Xchanging Production and Growth Rate
Figure Xchanging Value ($) Market Share 2015-2020
Table Marias Technology Company Profile
Table Marias Technology Production, Value, Price, Gross Margin 2015-2020
Figure Marias Technology Production and Growth Rate
Figure Marias Technology Value ($) Market Share 2015-2020
Table Ventiv Company Profile
Table Ventiv Production, Value, Price, Gross Margin 2015-2020
Figure Ventiv Production and Growth Rate
Figure Ventiv Value ($) Market Share 2015-2020
Table Majesco Company Profile
Table Majesco Production, Value, Price, Gross Margin 2015-2020
Figure Majesco Production and Growth Rate
Figure Majesco Value ($) Market Share 2015-2020
Table TechInsurance Company Profile
Table TechInsurance Production, Value, Price, Gross Margin 2015-2020
Figure TechInsurance Production and Growth Rate
Figure TechInsurance Value ($) Market Share 2015-2020
Table Insurance Technology Services Company Profile
Table Insurance Technology Services Production, Value, Price, Gross Margin 2015-2020
Figure Insurance Technology Services Production and Growth Rate
Figure Insurance Technology Services Value ($) Market Share 2015-2020
Figure North America Market Consumption and Growth Rate Forecast (2020-2025)
Figure Europe Market Consumption and Growth Rate Forecast (2020-2025)
Figure Asia-Pacific Market Consumption and Growth Rate Forecast (2020-2025)
Figure Middle East and Africa Market Consumption and Growth Rate Forecast (2020-2025)
Figure South America Market Consumption and Growth Rate Forecast (2020-2025)
Table Global Insurance Technology Market Forecast Production by Types (2020-2025)
Table Global Insurance Technology Market Forecast Production Share by Types (2020-2025)
Table Global Insurance Technology Market Forecast Value ($) by Types (2020-2025)
Table Global Insurance Technology Market Forecast Value Share by Types (2020-2025)
Table Global Insurance Technology Market Forecast Consumption by Applications (2020-2025)
Table Global Insurance Technology Market Forecast Consumption Share by Applications (2020-2025)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
| Historical Data (2015-2019) |
|
|
| Influencing Factors |
|
|
| Market Forecast (2021-2026) |
|
|
Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
| Market Size |
|
|
| Market Position of Top Company |
|
|
| Qualitative Analysis |
|
|
Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
| Primary Sources | Parameters | Key Data |
| Market Segments(by Application, by Type) |
|
|
| Total Market |
|
|