Global Insurtech Market Size & Outlook, 2023-2030
Global insurtech market, 2017-2030 (US$M)
Related Markets
Global insurtech market highlights
- The global insurtech market generated a revenue of USD 7,865.8 million in 2023 and is expected to reach USD 152,433.9 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 52.7% by 2030.
- In terms of segment, health accounted for a revenue of USD 1,931.2 million in 2023.
- Home is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 7,865.8 million |
| Market revenue in 2030 | USD 152,433.9 million |
| Growth rate | 52.7% (CAGR from 2023 to 2030) |
| Largest segment | Health |
| Fastest growing segment | Home |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Auto, Business, Health, Home, Specialty, Travel |
Other key industry trends
- In terms of revenue, the North America accounted for 36.5% of the global insurtech market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 42,154.6 million by 2030.
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Insurtech Market Scope
Insurtech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| ZhongAn Online P&C Insurance Co Ltd Ordinary Shares - Class H | View profile | 2679 | 219 Yuanmingyuan Road, Shanghai, China, People's Republic of, | https://www.zhongan.com |
| Wipro Ltd ADR | View profile | 244707 | Sarjapur Road, Doddakannelli, Bangalore, KA, India, 560 035 | https://www.wipro.com |
| The Travelers Companies Inc | View profile | 33300 | 485 Lexington Avenue, New York, NY, United States, 10017 | https://www.travelers.com |
| Shift Technologies Inc Ordinary Shares - Class A | View profile | 970 | 290 Division Street, Suite 400, San Francisco, CA, United States, 94103-4893 | https://www.shift.com |
| Oscar Health Inc Class A | View profile | 2400 | 75 Varick Street, 5th Floor, New York, NY, United States, 10013 | https://www.hioscar.com |
Global insurtech market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to insurtech market will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 24.55% in 2023. Horizon Databook has segmented the Global insurtech market based on auto, business, health, home, specialty, travel covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Insurtech Type Outlook (Revenue, USD Million, 2017-2030)
- Home
- Business
- Specialty
- Health
- Travel
- Others
- Auto
- Global Insurtech Service Outlook (Revenue, USD Million, 2017-2030)
- Support & Maintenance
- Consulting
- Managed Services
- Global Insurtech Technology Outlook (Revenue, USD Million, 2017-2030)
- Blockchain
- IoT
- Others
- Machine Learning
- Cloud Computing
- Robo Advisory
- Global Insurtech End Use Outlook (Revenue, USD Million, 2017-2030)
- Retail
- Government
- Manufacturing
- Automotive
- BFSI
- Transportation
- Healthcare
- Others
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Target buyers of Global insurtech market databook
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Our clientele includes a mix of insurtech market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global insurtech market , including forecasts for subscribers. This global databook contains high-level insights into Global insurtech market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global insurtech market size, by regions, 2017-2030 (US$M)
Top 10 countries: Insurtech market size, 2023 (US$M)
Global insurtech market share, by type, 2023 & 2030 (%, US$M)
Insurtech market: Opportunity assessment by country
Global insurtech market, by region, 2023 (US$M)
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