Insurtech - Thematic Research
Summary
Investment in insurtech took off throughout 2018 and 2019 and looked set to continue thriving until the pandemic hit in 2020. Investment slowed as a result, but this is only expected to be temporary. The digitalization that goes hand in hand with the insurtech theme will be more essential than ever in a post-pandemic world, so the insurtech space will continue to thrive. The main trend continues to be collaboration between insurers and insurtech providers. It is very difficult for a startup to disrupt and challenge established players in this market, but there are outliers around the world.
This report provides an in-depth analysis of the insurtech space. It identifies key players within the industry and discusses what they have done well to set themselves apart. It analyzes the investment that has gone into the theme in recent years. The report also discusses how insurtechs have influenced incumbent insurers - whether that is through acquisition, partnerships, or assessing the influence on traditional insurers policies.
Scope
- Overall, the total value of investment in insurtech declined by 21.3% in 2020.
- The overwhelming reason for the decline was the COVID-19 pandemic, which hit investor confidence, squeezed budgets, and stopped business from occurring at various points of the year in a range of countries.
- The biggest obstacle to insurance startups remains the strength of their brand. GlobalData survey data highlights that even the leading startups in the UK have to target small parts of the population, as the vast majority of consumers have not heard of them.
Reasons to Buy
- Benchmark yourself against the rest of the market.
- Ensure you remain competitive as new innovations and startups enter the market.
- Understand the impact insurtechs are having on the insurance industry.
Executive summary
Players
Technology briefing
Trends
Industry analysis
Value chain
Companies
Sector scorecards
Glossary
Further reading
Our thematic research methodology
About GlobalData
Contact Us
COVID-19 Outbreak-Global InsurTech Industry Market Report-Development Trends, Threats, Opportunities and Competitive Landscape in 2020
Insurtech refers to the use of technology innovations designed to squeeze out savings and efficiency from the current insurance industry model. Insurtech is a portmanteau of insurance and technology that
View ReportInsurtech and Customer Services: Lessons for the Incumbents
The emergence of insurtech has been fueled by new digital capabilities and Internet of Things (IoT) devices that are reducing costs, changing systems and processes, and enhancing the consumer experience.
View ReportVirtual Reality (VR) - Thematic Research
Virtual Reality (VR) - Thematic ResearchVR has been around for over six decades, in one form or another, but is still not a mainstream technology. Both VR hardware and software
View ReportGlobal Mergers and Acquisitions (M&A) Deals in Q3 2021 - Top Themes in the Fooservice Sector - Thematic Research
Global Mergers and Acquisitions (M&A) Deals in Q3 2021 - Top Themes in the Fooservice Sector - Thematic ResearchThis report analyzes the disruptive themes that have driven M&A activity in
View ReportFill The Form For Sample Request
