This report provides strategists, marketers and senior management with the critical information they need to assess the global insurtech market as it emerges from the COVID-19 shutdown. Growth in the historic period resulted from strong economic growth in emerging markets, increased digitization of insurance services, increased use of robotic process automation in insurance companies and increased number of insurtech startups. Going forward, the increase in insurance claims, increasing adoption of advanced technologies in the insurance industry and favorable government initiatives will drive the market growth. Factors that could hinder the growth of the insurtech market in the future include the increasing security threats from cyber-attacks and the Russia-Ukraine war. The insurtech market is segmented by product, technology and offering. The cloud computing market was the largest segment of the insurtech market segmented by technology, accounting for 43.5% of the total in 2021.
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