(MoneyNewsWire.Net, August 07, 2018 ) This industry research report identifies Friendsurance, Guevara, Oscars, and Zhong an as the key vendors in the global insurtech market. This market research analysis identifies the growth of the Internet-based business ecosystem as one of the primary growth factors for this market. Technological innovations and the availability of a number of financial and technological platforms have resulted in the customer’s need for better online experiences. This compels insurance providers to start enhancing their offerings and develop strategic partnerships with financial technology innovators to provide innovative payment solutions to their customers. Moreover, the increasing use of mobile devices such as smartphones and tablets will also intensify the need to provide a better platform for internet users.
Unlike other areas in financial services, the insurance market has not been remarkably disrupted by innovative technologies and new business models until now. While the pace of innovation is rapid in financial services, insurance is still a complex and a highly regulated market.
Market research analysts at Research N Reports predict that the global insurtech market will grow steadily during the next four years and post a CAGR of more than +9.2% by 2025.
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The leading vendors in the market are -
Friendsurance Guevara Oscars Zhong An This study provides a detailed analysis of the challenges, technology trends within the insurance market, areas of interests for InsurTech start-ups, key technologies enabling innovation in insurance, geographic representation of global InsurTech companies, InsurTech ecosystem incumbent’s response to InsurTech, venture capital funding for InsurTech start-ups, and the profiles of key InsurTech start-ups (based on the background of interest and funding), along with a workflow discussion. The study also provides a thorough analysis on peer-to-peer (P2P) insurance and the impacts of blockchain on the same.
Portraying the humble order in the worldwide InsurTech advertise, the report profiles few of the key players working in the market. Perceiving data about the considerable players including their income, item portfolio, business division, and monetary review has been joined in the report. Ongoing enhancements in the business have been contemplated while envisioning the future outlook of the market. The report additionally describes the different promoting directs winning in the worldwide InsurTech showcase and passes on data about a portion of the crucial merchants working in the market. The report fills in as a strong guide for the new and also existing players in the market.
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By producer, the specialists have exposed the development of the Global InsurTech Market based on offer, income, and development. Purchasers of the report have additionally been given critical data on advertise rivalry pattern and market fixation slant. The best three and best six pieces of the pie by producers of the market have been displayed in the answer to pick up a decent knowledge into the merchant scene of the market.
Key questions this study will answer include:
What is Insurtech? How is the ecosystem/value chain? How do different stakeholders work together? What are the factors driving the market? What are the challenges restraining growth? Which are the top InsurTech companies? What are their offerings for insurance companies? How do new technologies, such as Artificial Intelligence (AI), Machine Learning (ML), and Internet of Things (IoT), fit into these offerings? How do advanced technologies impact financial services? What is the impact on services, such as underwriting, claims, and agents? What is P2P insurance? What impact would blockchain and AI have on it? What are the segments in insurance that InsurTech start-ups are aiming at? Selection criteria Business models Partnerships What are the incumbents doing to adopt and prepare for Insurtech? Selection criteria Business models Partnerships What are the prevailing market trends? For more enquiry: https://www.researchnreports.com/enquiry_before_buying.php?id=78125
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