Insurance Technology Market in Europe 2024-2028

Description

List of Tables

The insurance technology market in europe is forecasted to grow by USD 19720.9 mn during 2023-2028, accelerating at a CAGR of 36.5% during the forecast period. The report on the insurance technology market in europe 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 increasing need for insurance across european countries due to rising natural hazards, dominance of government regulations on mandatory insurance coverage in europe, and increasing adoption of cloud-based solutions in regional insurance industry.

Technavio's insurance technology market in europe is segmented as below:

Market Scope
Base Year	2024
End Year	2028
Series Year	2024-2028
Growth Momentum	Accelerate
YOY 2024	26.88%
CAGR	36.5%
Incremental Value	$19720.9 mn

By Type

Solution
Service

By Technology

Cloud computing
IoT
Big data and business analytics
Blockchain
Others

By Geographical Landscape

Europe

This study identifies the increasing collaborations between investors and insurance technology vendors in europe as one of the prime reasons driving the insurance technology market in europe growth during the next few years. Also, integration of wearables into customer engagement metrics for insurance and integration of big data and AI in insurance technology will lead to sizable demand in the market.

The report on the insurance technology market in europe covers the following areas:

Insurance technology market in europe sizing
Insurance technology market in europe forecast
Insurance technology market in europe 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 insurance technology market in europe vendors that include Akur8, Alan SA, Anorak Technologies Ltd., Charles Taylor Ltd., Descartes Underwriting SAS, Digital Fineprint Ltd., Duck Creek Technologies LLC, F2X Group Ltd., FRISS, Getsafe Digital GmbH, INZMO Europe GmbH, Majesco, Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group, Qidenus Group GmbH, Qover SA, Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, wefox Insurance AG, and Xempus AG. Also, the insurance technology market in europe 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: IRTNTR70648

1 Executive Summary

1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Country Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by Technology
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
2.2 Market characteristics
- Market characteristics analysis
2.3 Value chain analysis
- Value Chain Analysis

3 Market Sizing

3.1 Market definition
- Offerings of companies included in the market definition
3.2 Market segment analysis
- Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)
- Chart on Europe: Year-over-year growth 2023-2028 (%)
- Data Table on Regional - Market size and forecast 2023-2028 ($ million)

4 Historic Market Size

4.1 Insurance Technology Market in Europe 2018 - 2022
- Historic Market Size - Data Table on Insurance Technology Market in Europe 2018 - 2022 ($ million)
4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
4.3 Technology segment analysis 2018 - 2022
- Historic Market Size - Technology Segment 2018 - 2022 ($ million)
4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Type

6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
6.3 Solution - Market size and forecast 2023-2028
- Chart on Solution - Market size and forecast 2023-2028 ($ million)
- Data Table on Solution - Market size and forecast 2023-2028 ($ million)
- Chart on Solution - Year-over-year growth 2023-2028 (%)
- Data Table on Solution - Year-over-year growth 2023-2028 (%)
6.4 Service - Market size and forecast 2023-2028
- Chart on Service - Market size and forecast 2023-2028 ($ million)
- Data Table on Service - Market size and forecast 2023-2028 ($ million)
- Chart on Service - Year-over-year growth 2023-2028 (%)
- Data Table on Service - Year-over-year growth 2023-2028 (%)
6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by Technology

7.1 Market segments
- Chart on Technology - Market share 2023-2028 (%)
- Data Table on Technology - Market share 2023-2028 (%)
7.2 Comparison by Technology
- Chart on Comparison by Technology
- Data Table on Comparison by Technology
7.3 Cloud computing - Market size and forecast 2023-2028
- Chart on Cloud computing - Market size and forecast 2023-2028 ($ million)
- Data Table on Cloud computing - Market size and forecast 2023-2028 ($ million)
- Chart on Cloud computing - Year-over-year growth 2023-2028 (%)
- Data Table on Cloud computing - Year-over-year growth 2023-2028 (%)
7.4 IoT - Market size and forecast 2023-2028
- Chart on IoT - Market size and forecast 2023-2028 ($ million)
- Data Table on IoT - Market size and forecast 2023-2028 ($ million)
- Chart on IoT - Year-over-year growth 2023-2028 (%)
- Data Table on IoT - Year-over-year growth 2023-2028 (%)
7.5 Big data and business analytics - Market size and forecast 2023-2028
- Chart on Big data and business analytics - Market size and forecast 2023-2028 ($ million)
- Data Table on Big data and business analytics - Market size and forecast 2023-2028 ($ million)
- Chart on Big data and business analytics - Year-over-year growth 2023-2028 (%)
- Data Table on Big data and business analytics - Year-over-year growth 2023-2028 (%)
7.6 Blockchain - Market size and forecast 2023-2028
- Chart on Blockchain - Market size and forecast 2023-2028 ($ million)
- Data Table on Blockchain - Market size and forecast 2023-2028 ($ million)
- Chart on Blockchain - Year-over-year growth 2023-2028 (%)
- Data Table on Blockchain - Year-over-year growth 2023-2028 (%)
7.7 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
7.8 Market opportunity by Technology
- Market opportunity by Technology ($ million)
- Data Table on Market opportunity by Technology ($ million)

8 Customer Landscape

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

9 Geographic Landscape

9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape - 2023-2028 (%)
- Data Table on Market share By Geographical Landscape - 2023-2028 (%)
9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
9.3 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 (%)
9.4 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 (%)
9.5 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 (%)
9.6 Italy - Market size and forecast 2023-2028
- Chart on Italy - Market size and forecast 2023-2028 ($ million)
- Data Table on Italy - Market size and forecast 2023-2028 ($ million)
- Chart on Italy - Year-over-year growth 2023-2028 (%)
- Data Table on Italy - Year-over-year growth 2023-2028 (%)
9.7 Rest of Europe - Market size and forecast 2023-2028
- Chart on Rest of Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Rest of Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Rest of Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Rest of Europe - Year-over-year growth 2023-2028 (%)
9.8 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Table on Market opportunity By Geographical Landscape ($ million)

10 Drivers, Challenges, and Opportunity/Restraints

10.1 Market drivers
10.2 Market challenges
10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
10.4 Market opportunities/restraints

11 Competitive Landscape

11.1 Overview
11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
11.3 Landscape disruption
- Overview on factors of disruption
11.4 Industry risks
- Impact of key risks on business

12 Competitive Analysis

12.1 Companies profiled
- Companies covered
12.2 Market positioning of companies
- Matrix on companies position and classification
12.3 Akur8
- Akur8 - Overview
- Akur8 - Product / Service
- Akur8 - Key offerings
12.4 Anorak Technologies Ltd.
- Anorak Technologies Ltd. - Overview
- Anorak Technologies Ltd. - Product / Service
- Anorak Technologies Ltd. - Key offerings
12.5 Charles Taylor Ltd.
- Charles Taylor Ltd. - Overview
- Charles Taylor Ltd. - Product / Service
- Charles Taylor Ltd. - Key offerings
12.6 Descartes Underwriting SAS
- Descartes Underwriting SAS - Overview
- Descartes Underwriting SAS - Product / Service
- Descartes Underwriting SAS - Key offerings
12.7 Duck Creek Technologies LLC
- Duck Creek Technologies LLC - Overview
- Duck Creek Technologies LLC - Product / Service
- Duck Creek Technologies LLC - Key offerings
12.8 F2X Group Ltd.
- F2X Group Ltd. - Overview
- F2X Group Ltd. - Product / Service
- F2X Group Ltd. - Key offerings
12.9 FRISS
- FRISS - Overview
- FRISS - Product / Service
- FRISS - Key offerings
12.10 Getsafe Digital GmbH
- Getsafe Digital GmbH - Overview
- Getsafe Digital GmbH - Product / Service
- Getsafe Digital GmbH - Key offerings
12.11 INZMO Europe GmbH
- INZMO Europe GmbH - Overview
- INZMO Europe GmbH - Product / Service
- INZMO Europe GmbH - Key offerings
12.12 Majesco
- Majesco - Overview
- Majesco - Product / Service
- Majesco - Key offerings
12.13 Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group
- Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Overview
- Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Product / Service
- Powszechny Zaklad Ubezpieczen Spolka Akcyjna Group - Key offerings
12.14 Qover SA
- Qover SA - Overview
- Qover SA - Product / Service
- Qover SA - Key offerings
12.15 Quantemplate Technologies Inc.
- Quantemplate Technologies Inc. - Overview
- Quantemplate Technologies Inc. - Product / Service
- Quantemplate Technologies Inc. - Key offerings
12.16 Shift Technology
- Shift Technology - Overview
- Shift Technology - Product / Service
- Shift Technology - Key offerings
12.17 simplesurance GmbH
- simplesurance GmbH - Overview
- simplesurance GmbH - Product / Service
- simplesurance GmbH - Key offerings

13 Appendix

13.1 Scope of the report
13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
13.3 Currency conversion rates for US$
- Currency conversion rates for US$
13.4 Research methodology
- Research methodology
13.5 Data procurement
- Information sources
13.6 Data validation
- Data validation
13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
13.8 Data synthesis
- Data synthesis
13.9 360 degree market analysis
- 360 degree market analysis
13.10 List of abbreviations
- List of abbreviations