NEW YORK , Nov. 19, 2024 /PRNewswire/ -- Report with market evolution powered by AI - The global insurtech market size is estimated to grow by USD 77.41 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 42.35% during the forecast period. Increasing need to improve business efficiency is driving market growth, with a trend towards investors collaborating with insurtech firms.
However, high cost of investment poses a challenge.Key market players include Acko Technology and Services Pvt. Ltd.
, Allianz SE, Berkshire Hathaway Inc., Charles Taylor Ltd., Cuvva Ltd.
, Cytora Ltd., DeadHappy Ltd., Flock Ltd.
, Friendsurance, Kin Insurance Technology Hub LLC, KYND Ltd., Laka Ltd., Massachusetts Mutual Life Insurance Co.
, Milvik AB, Nimbla Ltd., Quantemplate Technologies Inc., simplesurance GmbH, Slice Insurance Technologies Inc.
, Uinsure Ltd., Urban Jungle Services Ltd., Wrisk Ltd.
, ExtraCover Ltd., and F2X Group Ltd..
AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF Forecast period 2024-2028 Base Year 2023 Historic Data 2018 - 2022 Segment Covered Application (Marketing and distribution, IT support, Claim management, Policy administration and management, and Others), Deployment (On-premises and Cloud), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) Region Covered North America,.