Digital Insurance

Digital Insurance Comprehensive Study by Components (Software {Cloud, On Premise}, Services), Function (Policy Management, Claim Management, Digital Marketing, Data & Analytics, Others), End Users (Insurance companies, Third-party administrators and brokers, Aggregators), Insurance Type (Automotive and transportation, Home and commercial buildings, Life and health, Others) Players and Region - Global Market Outlook to 2027

Digital Insurance Market by XX Submarkets | Forecast Years 2022-2027  

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  • Summary
  • Market Segments
  • Table of Content
  • List of Table & Figures
  • Players Profiled
What is Digital Insurance Market?

Digital insurance refers to the use of various technologies for the sales and management of insurance policies. Insurers are shifting towards customer-centric strategies to offer enhanced customer experience across digital channels to build loyalty. Disruption due to the Covid-19 pandemic has led small & medium-sized insurers to adopt digital solutions to offer 27x7 availability to their customers. Further, insurers are adopting the omnichannel approach to target broader segments and large customer base.

Highlights from Digital Insurance Market Study
AttributesDetails
Study Period2017-2027
Base Year2021
UnitValue (USD Million)
Key Companies ProfiledAllianz SE (Germany), The Digital Insurer (Singapore), Chubb (Switzerland), Esurance (United States), Lemonade (United States), Avanade Inc. (United States), Next Insurance, Inc. (United States), Root (United States), Oscar Health (United States), Insurify (United States), Metromile Inc. (United States), Digit Insurance (India), Clearcover Insurance Company (United States), Cogitate Technology Solutions, Inc. (United States), EIS Group Inc. (United States) and TIBCO Software (United States)


The global market consists of a large number of players who are highly focusing on launching their services digitally. Further, the companies are partnering and doing mergers & acquisitions to expand themselves into the digital insurance business to target more customers and expand their geographical presence in the market. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Digital Insurance market throughout the forecasted period.

Allianz SE (Germany), The Digital Insurer (Singapore), Chubb (Switzerland), Esurance (United States), Lemonade (United States), Avanade Inc. (United States), Next Insurance, Inc. (United States), Root (United States), Oscar Health (United States), Insurify (United States), Metromile Inc. (United States), Digit Insurance (India), Clearcover Insurance Company (United States), Cogitate Technology Solutions, Inc. (United States), EIS Group Inc. (United States) and TIBCO Software (United States) are some of the key players profiled in the study.

Digital Insurance Market Segmentation:
ScopeSub-Segments
ComponentsSoftware {Cloud, On Premise},Services
FunctionPolicy Management,Claim Management,Digital Marketing,Data & Analytics,Others
End UsersInsurance companies,Third-party administrators and brokers,Aggregators
Insurance TypeAutomotive and transportation,Home and commercial buildings,Life and health,Others


On the basis of geography, the market of Digital Insurance has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.

Market Drivers
  • Rapid Adoption of Technological Solutions in the Insurance Sector for Policy and Claim Management
  • Increasing Omni-Channel Presence of Insurance Companies to Reach Potential Clients Around the World

Market Trend
  • Increased Focus on the Innovation of Digital Insurance Solutions and Integration of Advanced Technologies Such as AI and Machine Learning for Every Facet of Insurance Operations

Restraints
  • Rising Concern of Data Loss and Payment Security Due to Increasing Cyberattacks in the BFSI Industry

Opportunities
  • Growing Digital Transformation of Insurance Sector in the Asian Countries Especially in Developing Economies like China and India
  • Growing Preference Towards the Cloud-based Digital Insurance Solutions Due to Flexibility and Scalability

Challenges
  • Lack of Digital Agility and Capability to Adopt Advanced Solutions
  • Limitations of Software and Restrictions on Data Sharing Limit May Hamper the Growth of Digital Insurance Market


Market Leaders & Development Strategies
In June 2022, Shinhan Financial Group announced that it will launch digital non-life insurance business after getting approval to incorporate BNP Paribas Cardif General Insurance as its new subsidiary. This will help Shinhan target and attract digital-savvy millennial and Generation Z customers who prefer digitally onboarding than traditional ways to purchase insurance.
In June 2022, Max Life, a life insurance company launched a non-linked short-term individual life insurance savings plan with Policybazaar. The plan offers tax-free returns up to 6.14% with life cover protection and also offers high returns compared to traditional savings instruments. With this launch, the aim of the company is to provide digital insurance to tech-savvy millennials who prefer quick and hassle-free online onboarding.


Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Digital Insurance Solutions and Service Providers, IT Software Providers, Regulatory Bodies and Others

Report Objectives / Segmentation Covered

By Components
  • Software {Cloud, On Premise}
  • Services

By Function
  • Policy Management
  • Claim Management
  • Digital Marketing
  • Data & Analytics
  • Others

By End Users
  • Insurance companies
  • Third-party administrators and brokers
  • Aggregators

By Insurance Type
  • Automotive and transportation
  • Home and commercial buildings
  • Life and health
  • Others

By Regions
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Taiwan
    • Australia
    • Rest of Asia-Pacific
  • Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Netherlands
    • Rest of Europe
  • MEA
    • Middle East
    • Africa
  • North America
    • United States
    • Canada
    • Mexico
  • 1. Market Overview
    • 1.1. Introduction
    • 1.2. Scope/Objective of the Study
      • 1.2.1. Research Objective
  • 2. Executive Summary
    • 2.1. Introduction
  • 3. Market Dynamics
    • 3.1. Introduction
    • 3.2. Market Drivers
      • 3.2.1. Rapid Adoption of Technological Solutions in the Insurance Sector for Policy and Claim Management
      • 3.2.2. Increasing Omni-Channel Presence of Insurance Companies to Reach Potential Clients Around the World
    • 3.3. Market Challenges
      • 3.3.1. Lack of Digital Agility and Capability to Adopt Advanced Solutions
      • 3.3.2. Limitations of Software and Restrictions on Data Sharing Limit May Hamper the Growth of Digital Insurance Market
    • 3.4. Market Trends
      • 3.4.1. Increased Focus on the Innovation of Digital Insurance Solutions and Integration of Advanced Technologies Such as AI and Machine Learning for Every Facet of Insurance Operations
  • 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  • 5. Global Digital Insurance, by Components, Function, End Users, Insurance Type and Region (value and price ) (2016-2021)
    • 5.1. Introduction
    • 5.2. Global Digital Insurance (Value)
      • 5.2.1. Global Digital Insurance by: Components (Value)
        • 5.2.1.1. Software {Cloud, On Premise}
        • 5.2.1.2. Services
      • 5.2.2. Global Digital Insurance by: Function (Value)
        • 5.2.2.1. Policy Management
        • 5.2.2.2. Claim Management
        • 5.2.2.3. Digital Marketing
        • 5.2.2.4. Data & Analytics
        • 5.2.2.5. Others
      • 5.2.3. Global Digital Insurance by: End Users (Value)
        • 5.2.3.1. Insurance companies
        • 5.2.3.2. Third-party administrators and brokers
        • 5.2.3.3. Aggregators
      • 5.2.4. Global Digital Insurance by: Insurance Type (Value)
        • 5.2.4.1. Automotive and transportation
        • 5.2.4.2. Home and commercial buildings
        • 5.2.4.3. Life and health
        • 5.2.4.4. Others
      • 5.2.5. Global Digital Insurance Region
        • 5.2.5.1. South America
          • 5.2.5.1.1. Brazil
          • 5.2.5.1.2. Argentina
          • 5.2.5.1.3. Rest of South America
        • 5.2.5.2. Asia Pacific
          • 5.2.5.2.1. China
          • 5.2.5.2.2. Japan
          • 5.2.5.2.3. India
          • 5.2.5.2.4. South Korea
          • 5.2.5.2.5. Taiwan
          • 5.2.5.2.6. Australia
          • 5.2.5.2.7. Rest of Asia-Pacific
        • 5.2.5.3. Europe
          • 5.2.5.3.1. Germany
          • 5.2.5.3.2. France
          • 5.2.5.3.3. Italy
          • 5.2.5.3.4. United Kingdom
          • 5.2.5.3.5. Netherlands
          • 5.2.5.3.6. Rest of Europe
        • 5.2.5.4. MEA
          • 5.2.5.4.1. Middle East
          • 5.2.5.4.2. Africa
        • 5.2.5.5. North America
          • 5.2.5.5.1. United States
          • 5.2.5.5.2. Canada
          • 5.2.5.5.3. Mexico
    • 5.3. Global Digital Insurance (Price)
  • 6. Digital Insurance: Manufacturers/Players Analysis
    • 6.1. Competitive Landscape
      • 6.1.1. Market Share Analysis
        • 6.1.1.1. Top 3
        • 6.1.1.2. Top 5
    • 6.2. Peer Group Analysis (2021)
    • 6.3. BCG Matrix
    • 6.4. Company Profile
      • 6.4.1. Allianz SE (Germany)
        • 6.4.1.1. Business Overview
        • 6.4.1.2. Products/Services Offerings
        • 6.4.1.3. Financial Analysis
        • 6.4.1.4. SWOT Analysis
      • 6.4.2. The Digital Insurer (Singapore)
        • 6.4.2.1. Business Overview
        • 6.4.2.2. Products/Services Offerings
        • 6.4.2.3. Financial Analysis
        • 6.4.2.4. SWOT Analysis
      • 6.4.3. Chubb (Switzerland)
        • 6.4.3.1. Business Overview
        • 6.4.3.2. Products/Services Offerings
        • 6.4.3.3. Financial Analysis
        • 6.4.3.4. SWOT Analysis
      • 6.4.4. Esurance (United States)
        • 6.4.4.1. Business Overview
        • 6.4.4.2. Products/Services Offerings
        • 6.4.4.3. Financial Analysis
        • 6.4.4.4. SWOT Analysis
      • 6.4.5. Lemonade (United States)
        • 6.4.5.1. Business Overview
        • 6.4.5.2. Products/Services Offerings
        • 6.4.5.3. Financial Analysis
        • 6.4.5.4. SWOT Analysis
      • 6.4.6. Avanade Inc. (United States)
        • 6.4.6.1. Business Overview
        • 6.4.6.2. Products/Services Offerings
        • 6.4.6.3. Financial Analysis
        • 6.4.6.4. SWOT Analysis
      • 6.4.7. Next Insurance, Inc. (United States)
        • 6.4.7.1. Business Overview
        • 6.4.7.2. Products/Services Offerings
        • 6.4.7.3. Financial Analysis
        • 6.4.7.4. SWOT Analysis
      • 6.4.8. Root (United States)
        • 6.4.8.1. Business Overview
        • 6.4.8.2. Products/Services Offerings
        • 6.4.8.3. Financial Analysis
        • 6.4.8.4. SWOT Analysis
      • 6.4.9. Oscar Health (United States)
        • 6.4.9.1. Business Overview
        • 6.4.9.2. Products/Services Offerings
        • 6.4.9.3. Financial Analysis
        • 6.4.9.4. SWOT Analysis
      • 6.4.10. Insurify (United States)
        • 6.4.10.1. Business Overview
        • 6.4.10.2. Products/Services Offerings
        • 6.4.10.3. Financial Analysis
        • 6.4.10.4. SWOT Analysis
      • 6.4.11. Metromile Inc. (United States)
        • 6.4.11.1. Business Overview
        • 6.4.11.2. Products/Services Offerings
        • 6.4.11.3. Financial Analysis
        • 6.4.11.4. SWOT Analysis
      • 6.4.12. Digit Insurance (India)
        • 6.4.12.1. Business Overview
        • 6.4.12.2. Products/Services Offerings
        • 6.4.12.3. Financial Analysis
        • 6.4.12.4. SWOT Analysis
      • 6.4.13. Clearcover Insurance Company (United States)
        • 6.4.13.1. Business Overview
        • 6.4.13.2. Products/Services Offerings
        • 6.4.13.3. Financial Analysis
        • 6.4.13.4. SWOT Analysis
      • 6.4.14. Cogitate Technology Solutions, Inc. (United States)
        • 6.4.14.1. Business Overview
        • 6.4.14.2. Products/Services Offerings
        • 6.4.14.3. Financial Analysis
        • 6.4.14.4. SWOT Analysis
      • 6.4.15. EIS Group Inc. (United States)
        • 6.4.15.1. Business Overview
        • 6.4.15.2. Products/Services Offerings
        • 6.4.15.3. Financial Analysis
        • 6.4.15.4. SWOT Analysis
      • 6.4.16. TIBCO Software (United States)
        • 6.4.16.1. Business Overview
        • 6.4.16.2. Products/Services Offerings
        • 6.4.16.3. Financial Analysis
        • 6.4.16.4. SWOT Analysis
  • 7. Global Digital Insurance Sale, by Components, Function, End Users, Insurance Type and Region (value and price ) (2022-2027)
    • 7.1. Introduction
    • 7.2. Global Digital Insurance (Value)
      • 7.2.1. Global Digital Insurance by: Components (Value)
        • 7.2.1.1. Software {Cloud, On Premise}
        • 7.2.1.2. Services
      • 7.2.2. Global Digital Insurance by: Function (Value)
        • 7.2.2.1. Policy Management
        • 7.2.2.2. Claim Management
        • 7.2.2.3. Digital Marketing
        • 7.2.2.4. Data & Analytics
        • 7.2.2.5. Others
      • 7.2.3. Global Digital Insurance by: End Users (Value)
        • 7.2.3.1. Insurance companies
        • 7.2.3.2. Third-party administrators and brokers
        • 7.2.3.3. Aggregators
      • 7.2.4. Global Digital Insurance by: Insurance Type (Value)
        • 7.2.4.1. Automotive and transportation
        • 7.2.4.2. Home and commercial buildings
        • 7.2.4.3. Life and health
        • 7.2.4.4. Others
      • 7.2.5. Global Digital Insurance Region
        • 7.2.5.1. South America
          • 7.2.5.1.1. Brazil
          • 7.2.5.1.2. Argentina
          • 7.2.5.1.3. Rest of South America
        • 7.2.5.2. Asia Pacific
          • 7.2.5.2.1. China
          • 7.2.5.2.2. Japan
          • 7.2.5.2.3. India
          • 7.2.5.2.4. South Korea
          • 7.2.5.2.5. Taiwan
          • 7.2.5.2.6. Australia
          • 7.2.5.2.7. Rest of Asia-Pacific
        • 7.2.5.3. Europe
          • 7.2.5.3.1. Germany
          • 7.2.5.3.2. France
          • 7.2.5.3.3. Italy
          • 7.2.5.3.4. United Kingdom
          • 7.2.5.3.5. Netherlands
          • 7.2.5.3.6. Rest of Europe
        • 7.2.5.4. MEA
          • 7.2.5.4.1. Middle East
          • 7.2.5.4.2. Africa
        • 7.2.5.5. North America
          • 7.2.5.5.1. United States
          • 7.2.5.5.2. Canada
          • 7.2.5.5.3. Mexico
    • 7.3. Global Digital Insurance (Price)
  • 8. Appendix
    • 8.1. Acronyms
  • 9. Methodology and Data Source
    • 9.1. Methodology/Research Approach
      • 9.1.1. Research Programs/Design
      • 9.1.2. Market Size Estimation
      • 9.1.3. Market Breakdown and Data Triangulation
    • 9.2. Data Source
      • 9.2.1. Secondary Sources
      • 9.2.2. Primary Sources
    • 9.3. Disclaimer
List of Tables
  • Table 1. Digital Insurance: by Components(USD Million)
  • Table 2. Digital Insurance Software {Cloud, On Premise} , by Region USD Million (2016-2021)
  • Table 3. Digital Insurance Services , by Region USD Million (2016-2021)
  • Table 4. Digital Insurance: by Function(USD Million)
  • Table 5. Digital Insurance Policy Management , by Region USD Million (2016-2021)
  • Table 6. Digital Insurance Claim Management , by Region USD Million (2016-2021)
  • Table 7. Digital Insurance Digital Marketing , by Region USD Million (2016-2021)
  • Table 8. Digital Insurance Data & Analytics , by Region USD Million (2016-2021)
  • Table 9. Digital Insurance Others , by Region USD Million (2016-2021)
  • Table 10. Digital Insurance: by End Users(USD Million)
  • Table 11. Digital Insurance Insurance companies , by Region USD Million (2016-2021)
  • Table 12. Digital Insurance Third-party administrators and brokers , by Region USD Million (2016-2021)
  • Table 13. Digital Insurance Aggregators , by Region USD Million (2016-2021)
  • Table 14. Digital Insurance: by Insurance Type(USD Million)
  • Table 15. Digital Insurance Automotive and transportation , by Region USD Million (2016-2021)
  • Table 16. Digital Insurance Home and commercial buildings , by Region USD Million (2016-2021)
  • Table 17. Digital Insurance Life and health , by Region USD Million (2016-2021)
  • Table 18. Digital Insurance Others , by Region USD Million (2016-2021)
  • Table 19. South America Digital Insurance, by Country USD Million (2016-2021)
  • Table 20. South America Digital Insurance, by Components USD Million (2016-2021)
  • Table 21. South America Digital Insurance, by Function USD Million (2016-2021)
  • Table 22. South America Digital Insurance, by End Users USD Million (2016-2021)
  • Table 23. South America Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 24. Brazil Digital Insurance, by Components USD Million (2016-2021)
  • Table 25. Brazil Digital Insurance, by Function USD Million (2016-2021)
  • Table 26. Brazil Digital Insurance, by End Users USD Million (2016-2021)
  • Table 27. Brazil Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 28. Argentina Digital Insurance, by Components USD Million (2016-2021)
  • Table 29. Argentina Digital Insurance, by Function USD Million (2016-2021)
  • Table 30. Argentina Digital Insurance, by End Users USD Million (2016-2021)
  • Table 31. Argentina Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 32. Rest of South America Digital Insurance, by Components USD Million (2016-2021)
  • Table 33. Rest of South America Digital Insurance, by Function USD Million (2016-2021)
  • Table 34. Rest of South America Digital Insurance, by End Users USD Million (2016-2021)
  • Table 35. Rest of South America Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 36. Asia Pacific Digital Insurance, by Country USD Million (2016-2021)
  • Table 37. Asia Pacific Digital Insurance, by Components USD Million (2016-2021)
  • Table 38. Asia Pacific Digital Insurance, by Function USD Million (2016-2021)
  • Table 39. Asia Pacific Digital Insurance, by End Users USD Million (2016-2021)
  • Table 40. Asia Pacific Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 41. China Digital Insurance, by Components USD Million (2016-2021)
  • Table 42. China Digital Insurance, by Function USD Million (2016-2021)
  • Table 43. China Digital Insurance, by End Users USD Million (2016-2021)
  • Table 44. China Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 45. Japan Digital Insurance, by Components USD Million (2016-2021)
  • Table 46. Japan Digital Insurance, by Function USD Million (2016-2021)
  • Table 47. Japan Digital Insurance, by End Users USD Million (2016-2021)
  • Table 48. Japan Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 49. India Digital Insurance, by Components USD Million (2016-2021)
  • Table 50. India Digital Insurance, by Function USD Million (2016-2021)
  • Table 51. India Digital Insurance, by End Users USD Million (2016-2021)
  • Table 52. India Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 53. South Korea Digital Insurance, by Components USD Million (2016-2021)
  • Table 54. South Korea Digital Insurance, by Function USD Million (2016-2021)
  • Table 55. South Korea Digital Insurance, by End Users USD Million (2016-2021)
  • Table 56. South Korea Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 57. Taiwan Digital Insurance, by Components USD Million (2016-2021)
  • Table 58. Taiwan Digital Insurance, by Function USD Million (2016-2021)
  • Table 59. Taiwan Digital Insurance, by End Users USD Million (2016-2021)
  • Table 60. Taiwan Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 61. Australia Digital Insurance, by Components USD Million (2016-2021)
  • Table 62. Australia Digital Insurance, by Function USD Million (2016-2021)
  • Table 63. Australia Digital Insurance, by End Users USD Million (2016-2021)
  • Table 64. Australia Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 65. Rest of Asia-Pacific Digital Insurance, by Components USD Million (2016-2021)
  • Table 66. Rest of Asia-Pacific Digital Insurance, by Function USD Million (2016-2021)
  • Table 67. Rest of Asia-Pacific Digital Insurance, by End Users USD Million (2016-2021)
  • Table 68. Rest of Asia-Pacific Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 69. Europe Digital Insurance, by Country USD Million (2016-2021)
  • Table 70. Europe Digital Insurance, by Components USD Million (2016-2021)
  • Table 71. Europe Digital Insurance, by Function USD Million (2016-2021)
  • Table 72. Europe Digital Insurance, by End Users USD Million (2016-2021)
  • Table 73. Europe Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 74. Germany Digital Insurance, by Components USD Million (2016-2021)
  • Table 75. Germany Digital Insurance, by Function USD Million (2016-2021)
  • Table 76. Germany Digital Insurance, by End Users USD Million (2016-2021)
  • Table 77. Germany Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 78. France Digital Insurance, by Components USD Million (2016-2021)
  • Table 79. France Digital Insurance, by Function USD Million (2016-2021)
  • Table 80. France Digital Insurance, by End Users USD Million (2016-2021)
  • Table 81. France Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 82. Italy Digital Insurance, by Components USD Million (2016-2021)
  • Table 83. Italy Digital Insurance, by Function USD Million (2016-2021)
  • Table 84. Italy Digital Insurance, by End Users USD Million (2016-2021)
  • Table 85. Italy Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 86. United Kingdom Digital Insurance, by Components USD Million (2016-2021)
  • Table 87. United Kingdom Digital Insurance, by Function USD Million (2016-2021)
  • Table 88. United Kingdom Digital Insurance, by End Users USD Million (2016-2021)
  • Table 89. United Kingdom Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 90. Netherlands Digital Insurance, by Components USD Million (2016-2021)
  • Table 91. Netherlands Digital Insurance, by Function USD Million (2016-2021)
  • Table 92. Netherlands Digital Insurance, by End Users USD Million (2016-2021)
  • Table 93. Netherlands Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 94. Rest of Europe Digital Insurance, by Components USD Million (2016-2021)
  • Table 95. Rest of Europe Digital Insurance, by Function USD Million (2016-2021)
  • Table 96. Rest of Europe Digital Insurance, by End Users USD Million (2016-2021)
  • Table 97. Rest of Europe Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 98. MEA Digital Insurance, by Country USD Million (2016-2021)
  • Table 99. MEA Digital Insurance, by Components USD Million (2016-2021)
  • Table 100. MEA Digital Insurance, by Function USD Million (2016-2021)
  • Table 101. MEA Digital Insurance, by End Users USD Million (2016-2021)
  • Table 102. MEA Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 103. Middle East Digital Insurance, by Components USD Million (2016-2021)
  • Table 104. Middle East Digital Insurance, by Function USD Million (2016-2021)
  • Table 105. Middle East Digital Insurance, by End Users USD Million (2016-2021)
  • Table 106. Middle East Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 107. Africa Digital Insurance, by Components USD Million (2016-2021)
  • Table 108. Africa Digital Insurance, by Function USD Million (2016-2021)
  • Table 109. Africa Digital Insurance, by End Users USD Million (2016-2021)
  • Table 110. Africa Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 111. North America Digital Insurance, by Country USD Million (2016-2021)
  • Table 112. North America Digital Insurance, by Components USD Million (2016-2021)
  • Table 113. North America Digital Insurance, by Function USD Million (2016-2021)
  • Table 114. North America Digital Insurance, by End Users USD Million (2016-2021)
  • Table 115. North America Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 116. United States Digital Insurance, by Components USD Million (2016-2021)
  • Table 117. United States Digital Insurance, by Function USD Million (2016-2021)
  • Table 118. United States Digital Insurance, by End Users USD Million (2016-2021)
  • Table 119. United States Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 120. Canada Digital Insurance, by Components USD Million (2016-2021)
  • Table 121. Canada Digital Insurance, by Function USD Million (2016-2021)
  • Table 122. Canada Digital Insurance, by End Users USD Million (2016-2021)
  • Table 123. Canada Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 124. Mexico Digital Insurance, by Components USD Million (2016-2021)
  • Table 125. Mexico Digital Insurance, by Function USD Million (2016-2021)
  • Table 126. Mexico Digital Insurance, by End Users USD Million (2016-2021)
  • Table 127. Mexico Digital Insurance, by Insurance Type USD Million (2016-2021)
  • Table 128. Company Basic Information, Sales Area and Its Competitors
  • Table 129. Company Basic Information, Sales Area and Its Competitors
  • Table 130. Company Basic Information, Sales Area and Its Competitors
  • Table 131. Company Basic Information, Sales Area and Its Competitors
  • Table 132. Company Basic Information, Sales Area and Its Competitors
  • Table 133. Company Basic Information, Sales Area and Its Competitors
  • Table 134. Company Basic Information, Sales Area and Its Competitors
  • Table 135. Company Basic Information, Sales Area and Its Competitors
  • Table 136. Company Basic Information, Sales Area and Its Competitors
  • Table 137. Company Basic Information, Sales Area and Its Competitors
  • Table 138. Company Basic Information, Sales Area and Its Competitors
  • Table 139. Company Basic Information, Sales Area and Its Competitors
  • Table 140. Company Basic Information, Sales Area and Its Competitors
  • Table 141. Company Basic Information, Sales Area and Its Competitors
  • Table 142. Company Basic Information, Sales Area and Its Competitors
  • Table 143. Company Basic Information, Sales Area and Its Competitors
  • Table 144. Digital Insurance: by Components(USD Million)
  • Table 145. Digital Insurance Software {Cloud, On Premise} , by Region USD Million (2022-2027)
  • Table 146. Digital Insurance Services , by Region USD Million (2022-2027)
  • Table 147. Digital Insurance: by Function(USD Million)
  • Table 148. Digital Insurance Policy Management , by Region USD Million (2022-2027)
  • Table 149. Digital Insurance Claim Management , by Region USD Million (2022-2027)
  • Table 150. Digital Insurance Digital Marketing , by Region USD Million (2022-2027)
  • Table 151. Digital Insurance Data & Analytics , by Region USD Million (2022-2027)
  • Table 152. Digital Insurance Others , by Region USD Million (2022-2027)
  • Table 153. Digital Insurance: by End Users(USD Million)
  • Table 154. Digital Insurance Insurance companies , by Region USD Million (2022-2027)
  • Table 155. Digital Insurance Third-party administrators and brokers , by Region USD Million (2022-2027)
  • Table 156. Digital Insurance Aggregators , by Region USD Million (2022-2027)
  • Table 157. Digital Insurance: by Insurance Type(USD Million)
  • Table 158. Digital Insurance Automotive and transportation , by Region USD Million (2022-2027)
  • Table 159. Digital Insurance Home and commercial buildings , by Region USD Million (2022-2027)
  • Table 160. Digital Insurance Life and health , by Region USD Million (2022-2027)
  • Table 161. Digital Insurance Others , by Region USD Million (2022-2027)
  • Table 162. South America Digital Insurance, by Country USD Million (2022-2027)
  • Table 163. South America Digital Insurance, by Components USD Million (2022-2027)
  • Table 164. South America Digital Insurance, by Function USD Million (2022-2027)
  • Table 165. South America Digital Insurance, by End Users USD Million (2022-2027)
  • Table 166. South America Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 167. Brazil Digital Insurance, by Components USD Million (2022-2027)
  • Table 168. Brazil Digital Insurance, by Function USD Million (2022-2027)
  • Table 169. Brazil Digital Insurance, by End Users USD Million (2022-2027)
  • Table 170. Brazil Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 171. Argentina Digital Insurance, by Components USD Million (2022-2027)
  • Table 172. Argentina Digital Insurance, by Function USD Million (2022-2027)
  • Table 173. Argentina Digital Insurance, by End Users USD Million (2022-2027)
  • Table 174. Argentina Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 175. Rest of South America Digital Insurance, by Components USD Million (2022-2027)
  • Table 176. Rest of South America Digital Insurance, by Function USD Million (2022-2027)
  • Table 177. Rest of South America Digital Insurance, by End Users USD Million (2022-2027)
  • Table 178. Rest of South America Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 179. Asia Pacific Digital Insurance, by Country USD Million (2022-2027)
  • Table 180. Asia Pacific Digital Insurance, by Components USD Million (2022-2027)
  • Table 181. Asia Pacific Digital Insurance, by Function USD Million (2022-2027)
  • Table 182. Asia Pacific Digital Insurance, by End Users USD Million (2022-2027)
  • Table 183. Asia Pacific Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 184. China Digital Insurance, by Components USD Million (2022-2027)
  • Table 185. China Digital Insurance, by Function USD Million (2022-2027)
  • Table 186. China Digital Insurance, by End Users USD Million (2022-2027)
  • Table 187. China Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 188. Japan Digital Insurance, by Components USD Million (2022-2027)
  • Table 189. Japan Digital Insurance, by Function USD Million (2022-2027)
  • Table 190. Japan Digital Insurance, by End Users USD Million (2022-2027)
  • Table 191. Japan Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 192. India Digital Insurance, by Components USD Million (2022-2027)
  • Table 193. India Digital Insurance, by Function USD Million (2022-2027)
  • Table 194. India Digital Insurance, by End Users USD Million (2022-2027)
  • Table 195. India Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 196. South Korea Digital Insurance, by Components USD Million (2022-2027)
  • Table 197. South Korea Digital Insurance, by Function USD Million (2022-2027)
  • Table 198. South Korea Digital Insurance, by End Users USD Million (2022-2027)
  • Table 199. South Korea Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 200. Taiwan Digital Insurance, by Components USD Million (2022-2027)
  • Table 201. Taiwan Digital Insurance, by Function USD Million (2022-2027)
  • Table 202. Taiwan Digital Insurance, by End Users USD Million (2022-2027)
  • Table 203. Taiwan Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 204. Australia Digital Insurance, by Components USD Million (2022-2027)
  • Table 205. Australia Digital Insurance, by Function USD Million (2022-2027)
  • Table 206. Australia Digital Insurance, by End Users USD Million (2022-2027)
  • Table 207. Australia Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 208. Rest of Asia-Pacific Digital Insurance, by Components USD Million (2022-2027)
  • Table 209. Rest of Asia-Pacific Digital Insurance, by Function USD Million (2022-2027)
  • Table 210. Rest of Asia-Pacific Digital Insurance, by End Users USD Million (2022-2027)
  • Table 211. Rest of Asia-Pacific Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 212. Europe Digital Insurance, by Country USD Million (2022-2027)
  • Table 213. Europe Digital Insurance, by Components USD Million (2022-2027)
  • Table 214. Europe Digital Insurance, by Function USD Million (2022-2027)
  • Table 215. Europe Digital Insurance, by End Users USD Million (2022-2027)
  • Table 216. Europe Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 217. Germany Digital Insurance, by Components USD Million (2022-2027)
  • Table 218. Germany Digital Insurance, by Function USD Million (2022-2027)
  • Table 219. Germany Digital Insurance, by End Users USD Million (2022-2027)
  • Table 220. Germany Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 221. France Digital Insurance, by Components USD Million (2022-2027)
  • Table 222. France Digital Insurance, by Function USD Million (2022-2027)
  • Table 223. France Digital Insurance, by End Users USD Million (2022-2027)
  • Table 224. France Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 225. Italy Digital Insurance, by Components USD Million (2022-2027)
  • Table 226. Italy Digital Insurance, by Function USD Million (2022-2027)
  • Table 227. Italy Digital Insurance, by End Users USD Million (2022-2027)
  • Table 228. Italy Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 229. United Kingdom Digital Insurance, by Components USD Million (2022-2027)
  • Table 230. United Kingdom Digital Insurance, by Function USD Million (2022-2027)
  • Table 231. United Kingdom Digital Insurance, by End Users USD Million (2022-2027)
  • Table 232. United Kingdom Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 233. Netherlands Digital Insurance, by Components USD Million (2022-2027)
  • Table 234. Netherlands Digital Insurance, by Function USD Million (2022-2027)
  • Table 235. Netherlands Digital Insurance, by End Users USD Million (2022-2027)
  • Table 236. Netherlands Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 237. Rest of Europe Digital Insurance, by Components USD Million (2022-2027)
  • Table 238. Rest of Europe Digital Insurance, by Function USD Million (2022-2027)
  • Table 239. Rest of Europe Digital Insurance, by End Users USD Million (2022-2027)
  • Table 240. Rest of Europe Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 241. MEA Digital Insurance, by Country USD Million (2022-2027)
  • Table 242. MEA Digital Insurance, by Components USD Million (2022-2027)
  • Table 243. MEA Digital Insurance, by Function USD Million (2022-2027)
  • Table 244. MEA Digital Insurance, by End Users USD Million (2022-2027)
  • Table 245. MEA Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 246. Middle East Digital Insurance, by Components USD Million (2022-2027)
  • Table 247. Middle East Digital Insurance, by Function USD Million (2022-2027)
  • Table 248. Middle East Digital Insurance, by End Users USD Million (2022-2027)
  • Table 249. Middle East Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 250. Africa Digital Insurance, by Components USD Million (2022-2027)
  • Table 251. Africa Digital Insurance, by Function USD Million (2022-2027)
  • Table 252. Africa Digital Insurance, by End Users USD Million (2022-2027)
  • Table 253. Africa Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 254. North America Digital Insurance, by Country USD Million (2022-2027)
  • Table 255. North America Digital Insurance, by Components USD Million (2022-2027)
  • Table 256. North America Digital Insurance, by Function USD Million (2022-2027)
  • Table 257. North America Digital Insurance, by End Users USD Million (2022-2027)
  • Table 258. North America Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 259. United States Digital Insurance, by Components USD Million (2022-2027)
  • Table 260. United States Digital Insurance, by Function USD Million (2022-2027)
  • Table 261. United States Digital Insurance, by End Users USD Million (2022-2027)
  • Table 262. United States Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 263. Canada Digital Insurance, by Components USD Million (2022-2027)
  • Table 264. Canada Digital Insurance, by Function USD Million (2022-2027)
  • Table 265. Canada Digital Insurance, by End Users USD Million (2022-2027)
  • Table 266. Canada Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 267. Mexico Digital Insurance, by Components USD Million (2022-2027)
  • Table 268. Mexico Digital Insurance, by Function USD Million (2022-2027)
  • Table 269. Mexico Digital Insurance, by End Users USD Million (2022-2027)
  • Table 270. Mexico Digital Insurance, by Insurance Type USD Million (2022-2027)
  • Table 271. Research Programs/Design for This Report
  • Table 272. Key Data Information from Secondary Sources
  • Table 273. Key Data Information from Primary Sources
List of Figures
  • Figure 1. Porters Five Forces
  • Figure 2. Supply/Value Chain
  • Figure 3. PESTEL analysis
  • Figure 4. Global Digital Insurance: by Components USD Million (2016-2021)
  • Figure 5. Global Digital Insurance: by Function USD Million (2016-2021)
  • Figure 6. Global Digital Insurance: by End Users USD Million (2016-2021)
  • Figure 7. Global Digital Insurance: by Insurance Type USD Million (2016-2021)
  • Figure 8. South America Digital Insurance Share (%), by Country
  • Figure 9. Asia Pacific Digital Insurance Share (%), by Country
  • Figure 10. Europe Digital Insurance Share (%), by Country
  • Figure 11. MEA Digital Insurance Share (%), by Country
  • Figure 12. North America Digital Insurance Share (%), by Country
  • Figure 13. Global Digital Insurance share by Players 2021 (%)
  • Figure 14. Global Digital Insurance share by Players (Top 3) 2021(%)
  • Figure 15. Global Digital Insurance share by Players (Top 5) 2021(%)
  • Figure 16. BCG Matrix for key Companies
  • Figure 17. Allianz SE (Germany) Revenue, Net Income and Gross profit
  • Figure 18. Allianz SE (Germany) Revenue: by Geography 2021
  • Figure 19. The Digital Insurer (Singapore) Revenue, Net Income and Gross profit
  • Figure 20. The Digital Insurer (Singapore) Revenue: by Geography 2021
  • Figure 21. Chubb (Switzerland) Revenue, Net Income and Gross profit
  • Figure 22. Chubb (Switzerland) Revenue: by Geography 2021
  • Figure 23. Esurance (United States) Revenue, Net Income and Gross profit
  • Figure 24. Esurance (United States) Revenue: by Geography 2021
  • Figure 25. Lemonade (United States) Revenue, Net Income and Gross profit
  • Figure 26. Lemonade (United States) Revenue: by Geography 2021
  • Figure 27. Avanade Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 28. Avanade Inc. (United States) Revenue: by Geography 2021
  • Figure 29. Next Insurance, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 30. Next Insurance, Inc. (United States) Revenue: by Geography 2021
  • Figure 31. Root (United States) Revenue, Net Income and Gross profit
  • Figure 32. Root (United States) Revenue: by Geography 2021
  • Figure 33. Oscar Health (United States) Revenue, Net Income and Gross profit
  • Figure 34. Oscar Health (United States) Revenue: by Geography 2021
  • Figure 35. Insurify (United States) Revenue, Net Income and Gross profit
  • Figure 36. Insurify (United States) Revenue: by Geography 2021
  • Figure 37. Metromile Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 38. Metromile Inc. (United States) Revenue: by Geography 2021
  • Figure 39. Digit Insurance (India) Revenue, Net Income and Gross profit
  • Figure 40. Digit Insurance (India) Revenue: by Geography 2021
  • Figure 41. Clearcover Insurance Company (United States) Revenue, Net Income and Gross profit
  • Figure 42. Clearcover Insurance Company (United States) Revenue: by Geography 2021
  • Figure 43. Cogitate Technology Solutions, Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 44. Cogitate Technology Solutions, Inc. (United States) Revenue: by Geography 2021
  • Figure 45. EIS Group Inc. (United States) Revenue, Net Income and Gross profit
  • Figure 46. EIS Group Inc. (United States) Revenue: by Geography 2021
  • Figure 47. TIBCO Software (United States) Revenue, Net Income and Gross profit
  • Figure 48. TIBCO Software (United States) Revenue: by Geography 2021
  • Figure 49. Global Digital Insurance: by Components USD Million (2022-2027)
  • Figure 50. Global Digital Insurance: by Function USD Million (2022-2027)
  • Figure 51. Global Digital Insurance: by End Users USD Million (2022-2027)
  • Figure 52. Global Digital Insurance: by Insurance Type USD Million (2022-2027)
  • Figure 53. South America Digital Insurance Share (%), by Country
  • Figure 54. Asia Pacific Digital Insurance Share (%), by Country
  • Figure 55. Europe Digital Insurance Share (%), by Country
  • Figure 56. MEA Digital Insurance Share (%), by Country
  • Figure 57. North America Digital Insurance Share (%), by Country
List of companies from research coverage that are profiled in the study
  • Allianz SE (Germany)
  • The Digital Insurer (Singapore)
  • Chubb (Switzerland)
  • Esurance (United States)
  • Lemonade (United States)
  • Avanade Inc. (United States)
  • Next Insurance, Inc. (United States)
  • Root (United States)
  • Oscar Health (United States)
  • Insurify (United States)
  • Metromile Inc. (United States)
  • Digit Insurance (India)
  • Clearcover Insurance Company (United States)
  • Cogitate Technology Solutions, Inc. (United States)
  • EIS Group Inc. (United States)
  • TIBCO Software (United States)
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Key Highlights of Report


Jul 2022 246 Pages 88 Tables Base Year: 2021 Coverage: 15+ Companies; 18 Countries

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Digital Insurance Quantitative research analysis
Digital Insurance Qualitative Industry Analysis
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"Rapid Adoption of Technological Solutions in the Insurance Sector for Policy and Claim Management " is seen as one of major growth factors of Digital Insurance Market in years to come.
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United States will lead Digital Insurance Market in coming years.
The Digital Insurance market study includes a random mix of players, including both market leaders and some top growing emerging players. Connect with our sales executive to get a complete of companies available in our research coverage.

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