Global Digital Insurance Market 2024-2028

The digital insurance market is forecasted to grow by USD 67226.8 mn during 2023-2028, accelerating at a CAGR of 12.8% during the forecast period. The report on the digital insurance market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increase in number of insurance policies, increased adoption of micro-insurance among low-income individuals and small businesses, and rise in demand for improved client experience.

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	12.4%
CAGR	12.8%
Incremental Value	$67226.8 mn

Technavio's digital insurance market is segmented as below:

By Distribution Channel

Direct sales
Brokers/agents
Affiliated partners

By End-user

Individuals
Businesses

By Geographical Landscape

North America
Europe
APAC
South America
Middle East and Africa

This study identifies the emergence of LCNC development in digital insurance sector as one of the prime reasons driving the digital insurance market growth during the next few years. Also, increase in strategic partnerships and alliances in digital insurance sector and rise in adoption of iot and telematics in digital insurance sector will lead to sizable demand in the market.

The report on the digital insurance market covers the following areas:

Digital insurance market sizing
Digital insurance market forecast
Digital insurance market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading digital insurance market vendors that include ACKO General Insurance Ltd, Allianz SE, AXA Group, DeadHappy Ltd., Ethos Technologies Inc, Getsafe Digital GmbH, Go Digit General Insurance Ltd., Haven Life Insurance Agency LLC, Hippo Enterprises Inc, ICICI Prudential Life Insurance Co. Ltd, Insured Nomads Corp, Kin Insurance Technology Hub LLC, Ladder Insurance Services, LLC, Lemonade Inc., Life Insurance Corp. of India, New York Life Insurance Co, NEXT Insurance, OPES insurance, Oscar Insurance Corp., RELX Plc, Root inc, Sure inc, The Allstate Corp., Turtlemint Insurance Broking Services Pvt Ltd, Vitality Health Limited, wefox Insurance AG, Westland Insurance, Willis Towers Watson Public Ltd. Co., and Yu Life ltd. Also, the digital insurance market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive primary and secondary research. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.

Product Code: IRTNTR80188

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Distribution Channel
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Technavio Analysis

2.1 Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
2.2 Criticality of inputs and Factors of differentiation
- Overview on criticality of inputs and factors of differentiation
2.3 Factors of disruption
- Overview on factors of disruption
2.4 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028

3 Market Landscape

3.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
3.2 Market characteristics
- Market characteristics analysis
3.3 Value chain analysis
- Value Chain Analysis

4 Market Sizing

4.1 Market definition
- Offerings of companies included in the market definition
4.2 Market segment analysis
- Market segments
4.3 Market size 2023
4.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)

5 Historic Market Size

5.1 Global Digital Insurance Market 2018 - 2022
- Historic Market Size - Data Table on Global Digital Insurance Market 2018 - 2022 ($ million)
5.2 Distribution Channel segment analysis 2018 - 2022
- Historic Market Size - Distribution Channel Segment 2018 - 2022 ($ million)
5.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
5.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
5.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)

6 Qualitative Analysis

6.1 Impact of AI on the Global Digital Insurance Market

7 Five Forces Analysis

7.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
7.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
7.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
7.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
7.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
7.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
7.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

8 Market Segmentation by Distribution Channel

8.1 Market segments
- Chart on Distribution Channel - Market share 2023-2028 (%)
- Data Table on Distribution Channel - Market share 2023-2028 (%)
8.2 Comparison by Distribution Channel
- Chart on Comparison by Distribution Channel
- Data Table on Comparison by Distribution Channel
8.3 Direct sales - Market size and forecast 2023-2028
- Chart on Direct sales - Market size and forecast 2023-2028 ($ million)
- Data Table on Direct sales - Market size and forecast 2023-2028 ($ million)
- Chart on Direct sales - Year-over-year growth 2023-2028 (%)
- Data Table on Direct sales - Year-over-year growth 2023-2028 (%)
8.4 Brokers/agents - Market size and forecast 2023-2028
- Chart on Brokers/agents - Market size and forecast 2023-2028 ($ million)
- Data Table on Brokers/agents - Market size and forecast 2023-2028 ($ million)
- Chart on Brokers/agents - Year-over-year growth 2023-2028 (%)
- Data Table on Brokers/agents - Year-over-year growth 2023-2028 (%)
8.5 Affiliated partners - Market size and forecast 2023-2028
- Chart on Affiliated partners - Market size and forecast 2023-2028 ($ million)
- Data Table on Affiliated partners - Market size and forecast 2023-2028 ($ million)
- Chart on Affiliated partners - Year-over-year growth 2023-2028 (%)
- Data Table on Affiliated partners - Year-over-year growth 2023-2028 (%)
8.6 Market opportunity by Distribution Channel
- Market opportunity by Distribution Channel ($ million)
- Data Table on Market opportunity by Distribution Channel ($ million)

9 Market Segmentation by End-user

9.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
9.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
9.3 Individuals - Market size and forecast 2023-2028
- Chart on Individuals - Market size and forecast 2023-2028 ($ million)
- Data Table on Individuals - Market size and forecast 2023-2028 ($ million)
- Chart on Individuals - Year-over-year growth 2023-2028 (%)
- Data Table on Individuals - Year-over-year growth 2023-2028 (%)
9.4 Businesses - Market size and forecast 2023-2028
- Chart on Businesses - Market size and forecast 2023-2028 ($ million)
- Data Table on Businesses - Market size and forecast 2023-2028 ($ million)
- Chart on Businesses - Year-over-year growth 2023-2028 (%)
- Data Table on Businesses - Year-over-year growth 2023-2028 (%)
9.5 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)

10 Customer Landscape

10.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Geographic Landscape

11.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
11.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
11.3 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
11.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
11.5 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
11.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
11.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
11.8 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
11.9 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
11.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
11.11 UK - Market size and forecast 2023-2028
- Chart on UK - Market size and forecast 2023-2028 ($ million)
- Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Chart on UK - Year-over-year growth 2023-2028 (%)
- Data Table on UK - Year-over-year growth 2023-2028 (%)
11.12 Canada - Market size and forecast 2023-2028
- Chart on Canada - Market size and forecast 2023-2028 ($ million)
- Data Table on Canada - Market size and forecast 2023-2028 ($ million)
- Chart on Canada - Year-over-year growth 2023-2028 (%)
- Data Table on Canada - Year-over-year growth 2023-2028 (%)
11.13 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
11.14 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
11.15 Brazil - Market size and forecast 2023-2028
- Chart on Brazil - Market size and forecast 2023-2028 ($ million)
- Data Table on Brazil - Market size and forecast 2023-2028 ($ million)
- Chart on Brazil - Year-over-year growth 2023-2028 (%)
- Data Table on Brazil - Year-over-year growth 2023-2028 (%)
11.16 Japan - Market size and forecast 2023-2028
- Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Chart on Japan - Year-over-year growth 2023-2028 (%)
- Data Table on Japan - Year-over-year growth 2023-2028 (%)
11.17 Mexico - Market size and forecast 2023-2028
- Chart on Mexico - Market size and forecast 2023-2028 ($ million)
- Data Table on Mexico - Market size and forecast 2023-2028 ($ million)
- Chart on Mexico - Year-over-year growth 2023-2028 (%)
- Data Table on Mexico - Year-over-year growth 2023-2028 (%)
11.18 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)

12 Drivers, Challenges, and Opportunity/Restraints

12.1 Market drivers
12.2 Market challenges
12.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
12.4 Market opportunities/restraints

13 Competitive Landscape

13.1 Overview
13.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
13.3 Landscape disruption
- Overview on factors of disruption
13.4 Industry risks
- Impact of key risks on business

14 Competitive Analysis

14.1 Companies profiled
- Companies covered
14.2 Company ranking index
- Company ranking index
14.3 Market positioning of companies
- Matrix on companies position and classification
14.4 ACKO General Insurance Ltd
- ACKO General Insurance Ltd - Overview
- ACKO General Insurance Ltd - Product / Service
- ACKO General Insurance Ltd - Key offerings
- SWOT
14.5 DeadHappy Ltd.
- DeadHappy Ltd. - Overview
- DeadHappy Ltd. - Product / Service
- DeadHappy Ltd. - Key offerings
- SWOT
14.6 Getsafe Digital GmbH
- Getsafe Digital GmbH - Overview
- Getsafe Digital GmbH - Product / Service
- Getsafe Digital GmbH - Key offerings
- SWOT
14.7 Go Digit General Insurance Ltd.
- Go Digit General Insurance Ltd. - Overview
- Go Digit General Insurance Ltd. - Product / Service
- Go Digit General Insurance Ltd. - Key offerings
- SWOT
14.8 Haven Life Insurance Agency LLC
- Haven Life Insurance Agency LLC - Overview
- Haven Life Insurance Agency LLC - Product / Service
- Haven Life Insurance Agency LLC - Key offerings
- SWOT
14.9 Hippo Enterprises Inc
- Hippo Enterprises Inc - Overview
- Hippo Enterprises Inc - Business segments
- Hippo Enterprises Inc - Key offerings
- Hippo Enterprises Inc - Segment focus
- SWOT
14.10 Insured Nomads Corp
- Insured Nomads Corp - Overview
- Insured Nomads Corp - Product / Service
- Insured Nomads Corp - Key offerings
- SWOT
14.11 Kin Insurance Technology Hub LLC
- Kin Insurance Technology Hub LLC - Overview
- Kin Insurance Technology Hub LLC - Product / Service
- Kin Insurance Technology Hub LLC - Key offerings
- SWOT
14.12 Ladder Insurance Services, LLC
- Ladder Insurance Services, LLC - Overview
- Ladder Insurance Services, LLC - Product / Service
- Ladder Insurance Services, LLC - Key offerings
- SWOT
14.13 Lemonade Inc.
- Lemonade Inc. - Overview
- Lemonade Inc. - Product / Service
- Lemonade Inc. - Key offerings
- SWOT
14.14 Oscar Insurance Corp.
- Oscar Insurance Corp. - Overview
- Oscar Insurance Corp. - Product / Service
- Oscar Insurance Corp. - Key offerings
- SWOT
14.15 Root inc
- Root inc - Overview
- Root inc - Product / Service
- Root inc - Key offerings
- SWOT
14.16 The Allstate Corp.
- The Allstate Corp. - Overview
- The Allstate Corp. - Business segments
- The Allstate Corp. - Key offerings
- The Allstate Corp. - Segment focus
- SWOT
14.17 Vitality Health Limited
- Vitality Health Limited - Overview
- Vitality Health Limited - Product / Service
- Vitality Health Limited - Key offerings
- SWOT
14.18 Westland Insurance
- Westland Insurance - Overview
- Westland Insurance - Product / Service
- Westland Insurance - Key offerings
- SWOT

15 Appendix

15.1 Scope of the report
15.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
15.3 Currency conversion rates for US$
- Currency conversion rates for US$
15.4 Research methodology
- Research methodology
15.5 Data procurement
- Information sources
15.6 Data validation
- Data validation
15.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
15.8 Data synthesis
- Data synthesis
15.9 360 degree market analysis
- 360 degree market analysis
15.10 List of abbreviations
- List of abbreviations