Europe Insurtech Market Size & Outlook, 2023-2030
The insurtech market in Europe is expected to reach a projected revenue of US$ 41,538.2 million by 2030. A compound annual growth rate of 52.2% is expected of Europe insurtech market from 2024 to 2030.
Revenue, 2023 (US$M)
$2,193.0
Forecast, 2030 (US$M)
$41,538.2
CAGR, 2024 - 2030
52.2%
Report Coverage
Europe
Europe Insurtech Market, 2017-2030 (US$M)
Global Market
Related Markets
Europe insurtech market highlights
- The Europe insurtech market generated a revenue of USD 2,193.0 million in 2023.
- The market is expected to grow at a CAGR of 52.2% from 2024 to 2030.
- In terms of segment, health was the largest revenue generating type in 2023.
- Home is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 2,193.0 million |
| Market revenue in 2030 | USD 41,538.2 million |
| Growth rate | 52.2% (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 |
| Key market players worldwide | Oscar Health Inc Class A, Shift Technologies Inc Ordinary Shares - Class A, The Travelers Companies Inc, Wipro Ltd ADR, ZhongAn Online P&C Insurance Co Ltd Ordinary Shares - Class H |
Other key industry trends
- In terms of revenue, Europe region accounted for 27.9% of the global insurtech market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 34,495.8 million by 2030.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Three ways to get this data
Subscribe to the databook, customize it, or ask a question.Horizon Databook
Unlock every chart on this page and get dashboard access
- Statistics1.2M+ across all markets
- Databooks30K+ global, 120K+ country
- Companies200K+ profiles
- ExportPDF, Dashboard, XLS & PNG, licensed to cite
Customize it
Customize data as per your requirement
- AddCountries, segments, years
- RecutTo your product definition
- ExtendCompany-level detail
- OrA bespoke databook
- Turnaround5–10 working days
Ask Prism AI
A cited answer in seconds
- Corpus30,000 studies, 1.2M points
- ScopeAll markets, not just this
- CitationTraced to report & table
- HonestySays "not covered" if so
- SpeedSeconds, not days
Insurtech Market Scope
Insurtech Market segmentation & scope
Insurtech Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Oscar Health Inc Class A | View profile | 2,400 | 75 Varick Street, 5th Floor, New York, NY, United States, 10013 | www.hioscar.com |
| Shift Technologies Inc Ordinary Shares - Class A | View profile | 970 | 290 Division Street, Suite 400, San Francisco, CA, United States, 94103-4893 | www.shift.com |
| The Travelers Companies Inc | View profile | 33,300 | 485 Lexington Avenue, New York, NY, United States, 10017 | www.travelers.com |
| Wipro Ltd ADR | View profile | 244,707 | Sarjapur Road, Doddakannelli, Bangalore, KA, India, 560 035 | www.wipro.com |
| ZhongAn Online P&C Insurance Co Ltd Ordinary Shares - Class H | View profile | 2,679 | 219 Yuanmingyuan Road, Shanghai, China, People's Republic of, | www.zhongan.com |
Europe 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 Outlook will help companies and investors design strategic landscapes.
Health was the largest segment with a revenue share of 24.13% in 2023.
Horizon Databook has segmented the Europe insurtech market based on auto, business, health, home, specialty, travel covering the revenue growth of each sub-segment from 2017 to 2030.
- Europe Insurtech Market Type Outlook (Revenue, USD Million , 2017-2030)
- Auto
- Business
- Health
- Home
- Specialty
- Travel
- Others
- Europe Insurtech Market Service Outlook (Revenue, USD Million , 2017-2030)
- Consulting
- Support & Maintenance
- Managed Services
- Europe Insurtech Market Technology Outlook (Revenue, USD Million , 2017-2030)
- Blockchain
- Cloud Computing
- IoT
- Machine Learning
- Robo Advisory
- Others
- Europe Insurtech Market End Use Outlook (Revenue, USD Million , 2017-2030)
- Automotive
- BFSI
- Government
- Healthcare
- Manufacturing
- Retail
- Transportation
- Others
Reasons to subscribe to Insurtech Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Insurtech Market Outlook databook
- Our clientele includes a mix of Insurtech Market Outlook 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 continent-level data and insights on the Europe Insurtech Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Insurtech Market Outlook from 2017 to 2030, including revenue numbers, major trends, and company profiles.
Europe Insurtech Market, 2017-2030 (US$M)
Europe insurtech market statistics, by type, 2017-2030 (US$M)
