Insurtech Market Size, Share & Industry Analysis, By Component (Solution and Services), By Application (Claims Management, Policy Administration and Management, Fraud Detection and Prevention, Underwriting and Risk Assessment, Customer Experience Management, Regulatory Compliance, and Sales and Distribution), By Technology (AI & ML, Blockchain, Internet of Things, Big Data and Analytics, Cloud Computing, Robotic Process Automation, and Others), By End-User (Insurance Companies, Brokers and Agents, Third-Party Administrators, and Insureds), and Regional Forecast, 2025 – 2032

ATTRIBUTE

DETAILS

Study Period

2019-2032

Base Year

2024

Estimated Year

2025

Forecast Period

2025-2032

Historical Period

2019-2023

Growth Rate

CAGR of 26.0% from 2025 to 2032

Unit

Value (USD Billion)

Segmentation

By Component

• Solution
  • Digital Platforms
  • SaaS
  • Mobile Applications
• Services

By Application

• Claims Management
• Policy Administration and Management
• Fraud Detection and Prevention
• Underwriting and Risk Assessment
• Customer Experience Management
• Regulatory Compliance
• Sales and Distribution

By Technology

• AI & ML
• Blockchain
• Internet of Things
• Big Data and Analytics
• Cloud Computing
• Robotic Process Automation
• Others

By End-User

• Insurance Companies
• Brokers and Agents
• Third-Party Administrators
• Insureds

By Region

• North America (By Component, Application, Technology, End-User, and Country)
  • U.S.
  • Canada
  • Mexico
• Europe (By Component, Application, Technology, End-User, and Country)
  • U.K.
  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Benelux
  • Nordics
  • Rest of Europe
• Asia Pacific (By Component, Application, Technology, End-User, and Country)
  • China
  • India
  • Japan
  • South Korea
  • ASEAN
  • Oceania
  • Rest of Asia Pacific
• Middle East & Africa (By Component, Application, Technology, End-User, and Country)
  • Turkey
  • Israel
  • GCC
  • North Africa
  • South Africa
  • Rest of MEA
• South America (By Component, Application, Technology, End-User, and Country)
  • Brazil
  • Argentina

Rest of South America

Companies Profiled in the Report

NTT Data Corporation (Japan), Hexaview Technologies, Inc. (U.S.), InsureMO Corporation (Singapore), Damco Group (U.S.), DXC Technology (U.S.), Insurance Technology Services (U.S.), Majesco (U.S.), Oscar Insurance (U.S.), Quantemplate (U.S.), and Shift Technology (France)