Unlocking Insurtech Revenue: The AI-Driven Guide to Up-selling in Insurance

Allied Market Research has published a latest report titled, “Insurtech Market by Offering (Solution and Service), Deployment Model (On-premise and Cloud), Technology (Artificial Intelligence, Cloud Computing, Blockchain, Big Data & Business Analytics, IoT, and Others), End User (Life & Health Insurance and Property and Casualty (P) Insurance), and Application (Product Development & Underwriting, Sales & Marketing, Policy Admin Collection & Disbursement, and Claims Management): Global Opportunity Analysis and Industry Forecast, 2021–2030”, which says, the Insurtech market size was valued at $9.41 billion in 2020, and is projected to reach $158.99 billion by 2030, growing at a CAGR of 32.7% from 2021 to 2030.

In addition, incorporation of technologies in existing product lines among insurance companies and untapped potential of emerging economies are expected to provide lucrative opportunities for the Insurtech solution providers in the coming years.The key players profiled in the Insurtech market research report are Damco Group, Majesco, Oscar Insurance, OutSystems, Quantemplate, Wipro Limited, and Zhongan Insurance.These players have adopted various strategies such as expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.Key Benefits for Stakeholders from this Research Report:This study comprises analytical depiction of the global Insurtech market outlook along with the current trends and future estimations to depict the imminent investment pockets.The overall Insurtech market analysis is determined to understand the profitable trends to gain a stronger foothold.

The report presents information related to key drivers, restraints, and Insurtech market opportunities with a detailed impact analysis.The current Insurtech market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.

Porter’s five forces analysis illustrates the potency of the buyers and the Insurtech market share of key vendors.

Insurtech market: Regional Scope and Demand Analysis for 2021-2030Region wise, the Insurtech market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa).

However, Asia-Pacific is projected to register the significant growth rate during the forecast period.

In this report, our team offers a comprehensive analysis of Digital InsurTech market, SWOT analysis of the most prominent players in this landscape.

Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-digital-insurtech-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Friendsurance• Oscar• ZhongAn• Allay• Analyze RE• GetInsured• Bayzat• Bought By Many• Claim DI• CommonEasy On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Retail• Commercial By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Health Insurance• Property and Casualty Insurance• Life Insurance• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-digital-insurtech-market-2020-2026 Table of Contents Global Digital InsurTech Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Retail1.3.2 Commercial1.4 Application Overview1.4.1 Health Insurance1.4.2 Property and Casualty Insurance1.4.3 Life Insurance1.4.4 Others1.5 Industrial Chain1.5.1 Digital InsurTech Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Retail2.1.2 Commercial2.2 The Overall Market Performance(Value)2.2.1 Retail2.2.2 Commercial 3 Global Digital InsurTech Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Health Insurance3.3 Property and Casualty Insurance3.4 Life Insurance3.5 Others 4 Competitive Analysis4.1 Friendsurance4.1.1 Friendsurance Profiles4.1.2 Friendsurance Product Information4.1.3 Friendsurance Digital InsurTech Business Performance4.1.4 SWOT Analysis4.2 Oscar4.2.1 Oscar Profiles4.2.2 Oscar Product Information4.2.3 Oscar Digital InsurTech Business Performance4.2.4 SWOT Analysis Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/ict About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.

The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

Customer-centricity is of a lot of significance for profitable expansion of insurance agencies.

They expect simplified and personalized services and products that fit their distinctive requirements.To succeed in fulfilling the diverse needs of customers, insurers have to collect, supervise and monetize customer information from every angle and then integrate it with external data sources such as public data sets, social media, and sensors.Advantage of digitization in insurance sectorInsurtech travel insurance provides new technologies such as advanced analytics, machine learning, and artificial intelligence that vastly boost the digital transformation journey of an organization.

These tools can be used to dynamically optimize the  layouts and designs of their travel insurance contents, based on previous interactions, real-time behavior, CRM data, and more.What does insurer have to focus on?Insurers are enabling meaningful and contextual interactions throughout the journey of the customer via multiple digital channels.

It needs collection and analysis of data, to identify risk classes, settlement of claims, and also for determination of policy prices.

Machine learning also analyzes interaction with data, by which an insurer can improve, learn, and predict themselves more impressively for their next interaction with the customer.What are the insurance companies doing to make them more efficient?Insurance companies from all across the world have already invested a lot to bring about transformation in their customer experience.

Some of them are data mining content that are present on social media to effectively segment their customers.This will help them in positioning to specific services and products, in relevant and timely ways.

OCT 14 2020: Geographically, global Insurtech market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players includingOscarQuantemplateShift TechnologyTrvZhongAnTo Request A Sample Copy Of This Report @:   https://www.radiantinsights.com/research/global-insurtech-market-analysis/request-sampleOn the basis of product, we research the production, revenue, price, market share and growth rate, primarily split intoMarketing and distributionIT supportPolicy administration and managementClaim managementOthersFor the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate of Insurtech for each application, including AutomotiveBFSIGovernmentHealthcareManufacturingRetailTransportationOthersProduction, consumption, revenue, market share and growth rate are the key targets for Insurtech from 2014 to 2026 (forecast) in these regionsChinaUSAEuropeJapanKoreaIndiaSoutheast AsiaSouth AmericaTo Browse Full Research Report @: https://www.radiantinsights.com/research/global-insurtech-market-analysisTable of Contents1 Report Overview1.1 Definition1.2 Manufacturers and Regions Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.4 Application Overview1.5 Industrial Chain1.5.1 Insurtech Overall Industrial Chain1.5.2 Upstream1.5.3 Downstream1.5.4 Economic/Political Environment2 Global Insurtech Market Assesment by Types2.1 Overall Market Performance2.1.1 Product Type Market Performance (Volume)2.1.2 Product Type Market Performance (Value)2.2 China Insurtech Market Performance2.3 USA Insurtech Market Performance2.4 Europe Insurtech Market Performance2.5 Japan Insurtech Market Performance2.6 Korea Insurtech Market Performance2.7 India Insurtech Market Performance2.8 Southeast Asia Insurtech Market Performance2.9 South America Insurtech Market Performance3 Global Insurtech Market Assesment by Application3.1 Overall Market Performance (Volume)3.2 China Insurtech Market Performance (Volume)3.3 USA Insurtech Market Performance (Volume)3.4 Europe Insurtech Market Performance (Volume)3.5 Japan Insurtech Market Performance (Volume)3.6 Korea Insurtech Market Performance (Volume)3.7 India Insurtech Market Performance (Volume)3.8 Southeast Asia Insurtech Market Performance (Volume)3.9 South America Insurtech Market Performance (Volume)Continued…………….. To See More Reports of This Category by Radiant Insights: https://latestmarkettrends.news.blog/ About Radiant Insights: Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

It assist and facilitate organizations and individuals procure market research reports, helping them in the decision making process.

The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.Media Contact: Company Name: Radiant Insights, Inc Contact Person: Michelle Thoras Email: [email protected] Phone: (415) 349-0054 Address: 201 Spear St #1100, Suite #3036 City: San Francisco State: California Country: United States https://marketsandtrendsreport.blogspot.com/

In this report, our team offers a comprehensive analysis of Digital InsurTech market, SWOT analysis of the most prominent players in this landscape.

Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.

Download Free Sample Report @ https://www.radiantinsights.com/research/global-digital-insurtech-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering • Friendsurance• Oscar• ZhongAn• Allay• Analyze RE• GetInsured• Bayzat• Bought By Many• Claim DI• CommonEasy On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into • Retail• Commercial By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into • Health Insurance• Property and Casualty Insurance• Life Insurance• Others By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like • China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-digital-insurtech-market-2020-2026 Table of Contents Global Digital InsurTech Market Professional Survey Report 2019 1 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Retail1.3.2 Commercial1.4 Application Overview1.4.1 Health Insurance1.4.2 Property and Casualty Insurance1.4.3 Life Insurance1.4.4 Others1.5 Industrial Chain1.5.1 Digital InsurTech Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Retail2.1.2 Commercial2.2 The Overall Market Performance(Value)2.2.1 Retail2.2.2 Commercial 3 Global Digital InsurTech Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Health Insurance3.3 Property and Casualty Insurance3.4 Life Insurance3.5 Others Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/ict About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.

It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process.

The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets.

In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.

SS Technologies Holdings, Inc. (Nasdaq: SSNC), today announced it has entered into an agreement to acquire Capita Life & Pensions Services (Ireland) Limited (CLPSI) and certain related business.

The acquisition grows SS’s presence in the international life insurance and pensions servicing market.CLPSI provides business process management, technology and consultancy services to the international life and pensions sector.

With approximately 380 employees in Dublin, Belfast, and Craigforth, the business offers financial and back-office administration services, claims management, actuarial and financial reporting, investment administration, product and IT development, and business transformation services.“CLPSI is a well-established services and technology provider in Ireland, and the acquisition adds to our international outsourcing business,” said Bill Stone, Chairman and Chief Executive Officer of SS Technologies.

“Combining our expertise and leading-edge technologies will enable SS and CLPSI to provide existing and new clients a first class service offering.”The acquisition, which is subject to customary closing conditions and regulatory approvals, is expected to close in Q2 2020.

As the transaction is not material to either SS or Capita, financial terms were not disclosed. 

This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, Claim Di, and CommonEasy as the major vendors operating in the global Insurtech market.

This report also provides a detailed analysis of the market by components (Software and Services), types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life insurance, and Others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).Request For Report sample InsurTech (Insurance Technology) Market@ https://www.trendsmarketresearch.com/report/sample/9829 Infoholic’s market research report predicts that the global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018–2023.

The insurance sector is all set to adopt new technologies and attract new customers along with retaining the clients delighting with services.

The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and financial hubs in Hong Kong, Singapore, and India.

Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the diversely populated region.Competitive Analysis and Key VendorsThe banks and financial institutions are witnessing transformation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes.

The InsurTech vendors offer software that simplifies the decision-making process for the customers, and the analytics software helps insurers to understand the current need and demand in the market.Some of the key vendors in the InsurTech market are:FriendsuranceOscarZhongAnAllayAnalyze ReGetInsuredBayzatBought By ManyClaim DiCommonEasySegmentation of componentsSoftwareServicesIn 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR during the forecast period.Request For Report Discount@ https://www.trendsmarketresearch.com/report/discount/9829 InsurTech market by TypesRetail InsuranceCommercial InsuranceIn 2017, the retail insurance occupied the largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period.InsurTech market by ApplicationHealth Insurance Property and casualty insuranceLife insuranceOthersIn 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the highest CAGR during the forecast period.

This market research report identifies Friendsurance, Oscar, ZhongAn, Allay, Analyze Re, GetInsured, Bayzat, Bought By Many, Claim Di, and CommonEasy as the major vendors operating in the global Insurtech market.

This report also provides a detailed analysis of the market by components (Software and Services), types (Retail Insurance and Commercial Insurance), by application (Health insurance, Property and casualty insurance, Life insurance, and Others), and region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America).Infoholic’s market research report predicts that the global InsurTech market revenue is valued at $532.7 million in 2018 and is expected to reach $1,119.8 million by 2023, growing at a CAGR of 16.0% during the forecast period 2018–2023.

The insurance sector is all set to adopt new technologies and attract new customers along with retaining the clients delighting with services.

The Asia Pacific region is likely to witness growth in InsurTech due to the presence of few emerging countries and financial hubs in Hong Kong, Singapore, and India.

Also, the insurers are focusing on providing cheap and affordable insurance premium plans in the diversely populated region.Competitive Analysis and Key VendorsThe banks and financial institutions are witnessing transformation with the emergence of FinTech vendors, thereby disrupting the traditional model of operations and processes.

The InsurTech vendors offer software that simplifies the decision-making process for the customers, and the analytics software helps insurers to understand the current need and demand in the market.Request for enquiry on This Report at: http://marketgrowthanalysis.com/reports/enquiry/443Some of the key vendors in the InsurTech market are:FriendsuranceOscarZhongAnAllayAnalyze ReGetInsuredBayzatBought By ManyClaim DiCommonEasySegmentation of componentsSoftwareServicesIn 2017, the software component occupied the largest share, but services component is expected to grow at the highest CAGR during the forecast period.InsurTech market by TypesRetail InsuranceCommercial InsuranceIn 2017, the retail insurance occupied the largest share, but commercial insurance is expected to grow at the highest CAGR during the forecast period.InsurTech market by ApplicationHealth InsuranceProperty and casualty insuranceLife insuranceOthersIn 2017, the property and casualty insurance occupied the largest share, but health insurance is expected to grow at the highest CAGR during the forecast period.