Global Insurtech Market Size & Outlook, 2023-2030

The insurtech industry worldwide is expected to reach a projected revenue of US$ 152,433.9 million by 2030. A compound annual growth rate of 52.7% is expected of the worldwide insurtech industry from 2024 to 2030.
Revenue, 2023 (US$M)
$7,865.8
Forecast, 2030 (US$M)
$152,433.9
CAGR, 2024 - 2030
52.7%
Report Coverage
Worldwide

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 2023USD 7,865.8 million
Market revenue in 2030USD 152,433.9 million
Growth rate52.7% (CAGR from 2023 to 2030)
Largest segmentHealth
Fastest growing segmentHome
Historical data covered2017 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationAuto, 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 segmentation & scope
Auto
Business
Health
Home
Specialty
Travel
Others
Consulting
Support & Maintenance
Managed Services
Blockchain
Cloud Computing
IoT
Machine Learning
Robo Advisory
Others
Automotive
BFSI
Government
Healthcare
Manufacturing
Retail
Transportation
Others

Insurtech Market Companies

Name Profile # Employees HQ Website

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)
    • Auto
    • Business
    • Health
    • Home
    • Specialty
    • Travel
    • Others
  • Global Insurtech Service Outlook (Revenue, USD Million, 2017-2030)
    • Consulting
    • Support & Maintenance
    • Managed Services
  • Global Insurtech Technology Outlook (Revenue, USD Million, 2017-2030)
    • Blockchain
    • Cloud Computing
    • IoT
    • Machine Learning
    • Robo Advisory
    • Others
  • Global Insurtech End Use Outlook (Revenue, USD Million, 2017-2030)
    • Automotive
    • BFSI
    • Government
    • Healthcare
    • Manufacturing
    • Retail
    • Transportation
    • Others

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Target buyers of Global insurtech market databook

  • Our clientele includes a mix of insurtech market companies, investment firms, advisory firms & academic institutions.
  • 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
  • Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
  • The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.

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.

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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)

Global insurtech market size, by regions, 2017-2030 (US$M)

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