Insurtech Trends – Report Bundle (7 Reports)

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Insurtech  Trends Bundle Report Overview

Advanced analytics technology will essentially serve as the backbone of insurance businesses, allowing them to effectively assess and underwrite risks, control fraud, forecast losses, and resolve claims quickly. Emergence of cyber insurance, rapid growth of inusrtech, and personalization of both life and commercial insurance will enhance the growth of “tech in insurance”.

As a part of this bundle, you will gain access to in-depth insights available in the following reports:

Report 1: Thematic Research: Cyber Insurance

Cybersecurity was thrust into the spotlight in 2020 as the COVID-19 pandemic forced businesses to digitize their processes and adopt remote working practices overnight. The pandemic also presented an opportunity for cybercriminals to exploit global panic, with a surge in cyberattacks occurring in 2020. This has made the need for cyber insurance apparent to businesses, but the market is not as easy to navigate as it once was. Cybersecurity was thrust into the spotlight in 2020 as the COVID-19 pandemic forced businesses to digitize their processes and adopt remote working practices overnight. The pandemic also presented an opportunity for cybercriminals to exploit global panic, with a surge in cyberattacks occurring in 2020. This has made the need for cyber insurance apparent to businesses, but the market is not as easy to navigate as it once was.

Leading Cyber Insurance Providers

Leading Cyber Insurance Providers

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Report 2:Thematic Research: Cybersecurity in Insurance (2022)

Cybersecurity revenues in the insurance sector was $6.4 billion in 2020. From 2020 to 2025, the market is anticipated to expand at a CAGR of more than 10%. The insurance sector’s cyber risk increased owing to COVID-19 since more customers were logging into their accounts online and insurance companies were offering their products online. The pandemic accelerated the need for cyber insurance, but insurers are yet to translate this into improved penetration rates. With the cost of cyber insurance rising to reflect increased cyber risk, policy uptake fell between 2019 and 2021 as many SMEs sought to cut costs.

Cybersecurity Software Value Chain

Cybersecurity Software Value Chain

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Report 3:Thematic Research: Insurtech

It is obvious how the insurtech phenomena is affecting the larger insurance sector. Startups have championed cutting-edge technologies and procedures incorporating AI, blockchain, IoT, and big data, driving incumbents to respond and match the efficiencies these tools have brought about. The most well-known brand among well-known insurtechs in the UK is Marmalade, according to GlobalData’s 2021 UK Insurance Consumer Survey. One of the primary strategies used by insurtechs to differentiate themselves from the established competition is innovative product creation. New technologies and the startup knowledge surrounding them have facilitated the emergence of innovative solutions as well as the advancement of current goods focused on niche market segments.

Insurtech Value Chain

Insurtech Value Chain

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Report 4:Thematic Research: Personalization in Insurance

Personalization has emerged as a major theme in the insurance sector. Beyond personal lines, personalization has permeated both life and commercial insurance. This has been caused by the fact that brokers, reinsurers, and insurers are holding an increasing amount of data about their policyholders and are getting better at knowing how to store, process, and use it. This has been largely driven by digitalization, with customised insurance being purchased and managed online. The product development, marketing and distribution, underwriting and risk profiling, claims management, and customer service segments make up the insurance value chain.

Insurance Value Chain

Insurance Value Chain

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Report 5:Thematic Research: Robotics in Insurance

Robotics is a rapidly expanding sector, with an estimated market value of $45 billion in 2020 and a projected CAGR of 29% by 2030. Numerous insurers employed robots to carry out risk and damage analyses for crop fields or difficult-to-access regions like broken roofs. Life insurers are showing an increasing amount of interest in the fields of medical robots and exoskeletons, and they are progressively providing policyholders with access at no additional cost.

Robotics Value Chain

Robotics Value Chain

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Report 6:Thematic Research: Computer Vision in Insurance

AI is used by computer vision (CV) to analyse photos and videos, recognise objects, and deliver useful information. With CV, insurers may more readily collect underwriting data and make use of previously untapped sources of information. Long-term, as technology replaces human drivers, CV will become a factor in the risk associated with autonomous vehicles, and insurance rates will be set in accordance with the level of underlying technology used by the vehicle. While insurers employ CV technology in their operations, they prefer to do so through partnerships over hiring in-house experts or buying CV technology businesses.

Leading Insurance Players Using Computer Vision

Leading Insurance Players Using Computer Vision

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Report 7:Thematic Research: Connected Cars in Insurance

According to GlobalData, the market for connected cars will expand from its estimated value of $27.3 billion in 2020 to $58.5 billion by 2030, at a compound annual growth rate (CAGR) of 7.9%. The expansion of the connected car market flags the potential for insurers to integrate personalized aspects to how motor insurance premiums are priced by utilizing vehicle data. This will be possible because connected vehicles will already have telematics technology as part of their daily functions. As such, connected cars will lay the groundwork for insurers to access millions of data points generated by a vehicle’s ability to engage with other devices through the Internet of Things (IoT). Connected cars will assist insurers in developing increasingly accurate pricing strategies for customers.

Connected Cars Market Value

Connected Cars Market Value

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Key Players: Thematic Research: Cyber Insurance

  • Accenture

  • AIG

  • Aon

  • Arthur J. Gallagher

  • Aviva

  • AXA

  • AXIS

  • Beazley

  • Chubb

  • Cisco

  • CAN

  • Fairfax

  • HSB

  • Hiscox

  • IBM

  • Liberty Mutual

  • Marsh


Key Players: Thematic Research: Cybersecurity in Insurance (2022)

  • Anthem

  • CMITech

  • HPE

  • Honda

  • Hitachi

  • NCC

  • Onapsis

  • VMware

  • Wipro

  • Valeo

  • Zscaler


Key Players: Thematic Research: Insurtech

  • Alan

  • DeadHappy

  • Oscar Health

  • YuLife

  • Hedvig

  • Lemonade

  • Marshmallow


Key Players: Thematic Research: Personalization in Insurance

  • FloodFlash

  • Google

  • Amazon

  • Ping An

  • Zego

  • Metromile

  • Lemonade

  • Root

  • By Miles


Key Players: Thematic Research: Robotics in Insurance

  • 6 River Systems

  • ABB

  • Abundant Robots

  • Admiral

  • Aerialtronics

  • Aflac

  • Agrobot


Key Players: Thematic Research: Computer Vision in Insurance

  • Ageas

  • Covea

  • Gen Re

  • The Hartford

  • ICICI Lombard. Legal & General

  • MS&AD


Key Players: Thematic Research: Connected Cars in Insurance

  • Allianz

  • Mile Auto

  • Ergo

  • Mercedes Benz

  • BMW

  • GM

  • Volve

  • Porsche

  • Churchill


Table of Contents

Thematic Research: Computer Vision in Insurance

Executive summary – Brief overview of the Computer Vision in Insurance theme

Players – List of leaders and business challenges across the Computer Vision value chain

Technology briefing – Comprehension of Computer Vision theme

Trends – Major trends influencing the Computer Vision in Insurance theme

  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

Industry analysis – Data and insights related to the Computer Vision market

  • CV market size and growth forecasts
  • Key use cases
  • Mergers and acquisitions
  • Timeline

Value chain – Detailed information on the insurance industry value chain  

  • Product development
  • Marketing and distribution
  • Underwriting
  • Claims management
  • Customer service

Companies – List of leading companies and their competitive positions in the Computer Vision in Insurance theme

  • Public companies
  • Private companies

Glossary

Further reading

Our thematic research methodology

About GlobalData

Contact Us

Thematic Research: Connected Cars in Insurance

Executive summary – Brief overview of the connected cars in insurance theme

Players – List of leaders and business challenges across the connected cars in insurance value chain

Thematic briefing – Comprehension of connected cars tech

Trends – Major trends influencing the connected cars in insurance theme

  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

Industry analysis – Data and insights related to connected cars

  • Market size and growth forecasts
  • Connected cars will lead to an increase in motor premiums
  • Mergers and acquisitions
  • Strategic partnerships
  • Timeline

Value chain – Detailed information on the connected cars in insurance value chain

  • Product development
  • Marketing and distribution
  • Underwriting and risk profiling
  • Claims management
  • Customer service

Companies – List of leading companies and their competitive positions in the connected cars in insurance theme

  • Public companies
  • Private companies

Sector scorecards – GlobalData’s scorecards highlighting the impact of connected cars theme on various sector

  • Insurance sector scorecard

Glossary

Further reading

Our thematic research methodology

About GlobalData

Contact Us

Thematic Research: Cyber Insurance

Executive summary – Brief overview of the cyber insurance theme            

Players – List of leaders and business challenges across the cyber insurance value chain

Thematic briefing – Comprehension of the cyber insurance theme             

Trends – Major trends influencing cyber insurance           

  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

Industry analysis – Data and insights related to the cyber insurance sector

  • Market size and growth forecasts
  • The UK cyber insurance market
  • The market going forward
  • Timeline

Value chain – Detailed information on the cyber insurance value chain     

  • Product development
  • Marketing and distribution
  • Underwriting and risk profiling
  • Claims management
  • Customer service

Companies – List of leading companies and their competitive positions in the cyber insurance sector

  • Public companies
  • Private companies

Sector scorecards – GlobalData’s scorecards highlighting the impact of the cyber insurance theme on various sectors            

  • Insurance sector scorecard

Glossary            

Further reading

Our thematic research methodology     

About GlobalData         

Contact Us        

Thematic Research: Cybersecurity in Insurance (2022)

Executive Summary – Brief overview of the cybersecurity in insurance theme             

Cybersecurity Value Chain – Detailed information on the cybersecurity in insurance theme             

  • Cybersecurity hardware
  • Cybersecurity software
  • Cybersecurity services

Insurance Challenges – Key challenges facing the insurance industry        

The Impact of Cybersecurity on Insurance – Effects of cybersecurity on insurance           

Case Studies – Examples of usage of cybersecurity in the insurance sector             

Data Analysis – Data and insights related to cybersecurity in the insurance industry             

  • Market size and growth forecasts
  • Mergers and acquisitions
  • Patent trends
  • Company filings trends
  • Hiring trends
  • Social media trends
  • Cybersecurity timeline

Companies – List of leading companies and their competitive positions in the cybersecurity in insurance theme             

  • Leading cybersecurity adopters in insurance
  • Leading cybersecurity vendors
  • Specialist cybersecurity vendors in insurance

Sector Scorecard – GlobalData’s scorecards highlighting the impact of the cybersecurity theme on various sectors  

  • Life insurance sector scorecard
  • Non-life insurance sector scorecard

Glossary            

Further Reading             

Our Thematic Research Methodology   

About GlobalData         

Contact Us        

Thematic Research: Insurtech

Executive summary – Brief overview of the Insurtech theme         

Players – List of leaders and business challenges across the Insurtech value chain

Technology briefing – Comprehension of the Insurtech theme      

Trends – Major trends influencing Insurtech        

  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

Industry analysis Data and insights related to Insurtech

  • Insurtech investment dips from the record highs of
  • Use cases
  • Mergers and acquisitions
  • Timeline

Value chain – Detailed information on the Insurtech value chain  

  • Product development
  • Marketing and distribution
  • Underwriting
  • Claims management
  • Customer service

Companies – List of leading companies and their competitive positions in the Insurtech theme      

  • Challengers
  • Collaborators

Sector scorecards – GlobalData’s scorecards highlighting the impact of the Insurtech theme on various sectors         

  • Insurance sector scorecard

Glossary            

Further reading

Our thematic research methodology     

About GlobalData         

Contact Us        

Thematic Research: Personalization in Insurance

Executive summary – Brief overview of the personalization in insurance theme  

Players – List of leaders and business challenges across the personalization in insurance value chain

Thematic briefing – Comprehension of the personalization theme             

Trends – Major trends influencing personalization in insurance

  • Technology trends
  • Macroeconomic trends
  • Regulatory trends

Industry analysis Data and insights related to the insurance sector

  • Mergers and acquisitions
  • Timeline

Value chain – Detailed information on the insurance industry value chain

  • Product development
  • Marketing and distribution
  • Underwriting and risk profiling
  • Claims management
  • Customer service

Companies – List of leading companies and their competitive positions in the personalization in insurance theme

  • Public companies
  • Private companies

Sector scorecard – GlobalData’s scorecards highlighting the impact of the personalization theme on various sectors

  • Insurance sector scorecard

Further reading

Our thematic research methodology

About GlobalData

Contact Us

Thematic Research: Robotics in Insurance

Executive Summary – Brief overview of the robotics in insurance theme  

Robotics Value Chain – Detailed information on robotics in insurance theme             

  • Robot manufacturing
  • Hardware components
  • Software components
  • Robotics as a service

Insurance Challenges – Key challenges facing the insurance industry        

The Impact of Robotics on Insurance – Effects of robotics on insurance   

Case Studies – Examples of usage of robotics in the insurance sector        

Data Analysis – Data and insights related to robotics in the insurance industry             

  • Market size and growth forecasts
  • Mergers and acquisitions
  • Patent trends
  • Company filings trends
  • Hiring trends
  • Robotics timeline

Companies – List of leading companies and their competitive positions in the robotics in insurance theme       

  • Leading robotics adopters in insurance
  • Leading robotics vendors
  • Specialist robotics vendors in insurance

Sector Scorecard – GlobalData’s scorecards highlighting the impact of robotics theme on various sectors           

  • Life insurance sector scorecard
  • Non-life insurance sector scorecard

Glossary            

Further Reading             

Our Thematic Research Methodology   

About GlobalData         

Contact Us        

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