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Insurtech
OverviewOur new Insurtech research is an essential assessment of the emerging insurtech market; offering stakeholders a crucial set of comprehensive market projections and trend analysis.
 
The research provides a detailed assessment of how new technologies are being used in the insurance space, including the development of blockchain-based solutions and AI for claims management. It also analyses the extent to which the top insurers in the world have begun to adapt their business models by leveraging insurtech. The research gives particular focus to the technology providers who are creating tools for digital transformation in the insurance space and the business models they use.
 
The research covers:
  • Car Insurance/Telematics
  • Home Insurance
  • Life Insurance
  • Health Insurance
  • Trade Credit Insurance
  • Travel Insurance
  • Insurance Broking

Key Features

  • Market Dynamics: Provides an extensive evaluation of the insurtech ecosystem, covering the following elements:
    • Analysis of each segment of insurance; how it is being, and will be, disrupted by the introduction of insurtech.
    • Evaluation of insurtech prospects across key global regions examining economics, current insurance market, regulatory landscape and key factors likely to drive future growth.
    • Discussion of each technology that will be used in insurtech and what its prospects are for future traction.
    • Identification of key trends and constraints for insurtech growth.
  • Insurer Readiness Index: Index positioning for each of the top 20 insurers in the world on their digital transformation efforts, fuelled by insurtech approaches. This is a crucial resource for established insurers and new insurtech vendors.
  • Benchmark Industry Forecasts: Forecasts across insurance segments for the number of insurtech-based premiums, policies underwritten with AI and claims assessment using AI systems. This covers the following segments:
    • Car Insurance/Telematics
    • Home Insurance
    • Life Insurance
    • Health Insurance
  • Juniper Leaderboard: 15 leading insurtech vendors compared, scored and positioned on the Juniper Leaderboard, including:
    • Octo Telematics
    • Roost
    • The Floow
    • Snapsheet
    • Guidewire
    • FINEOS
    • FRISS
    • TomTom Telematics
    • Digital Fineprint
    • Quantemplate
    • Clara Analytics
    • Planck Re
    • Slice Labs
    • Tractable
    • Zendrive

Key Questions

  1. What will the insurtech market be worth over the next 5 years?
  2. How and to what extent will insurtech players disrupt the insurance market?
  3. Which segments of the insurance market are most ripe for disruption?
  4. What challenges do insurers face in adapting to new technologies and how are they dealing with these?
  5. Which regional issues will affect adoption of insurtech worldwide?

Companies Referenced

Case Studied: CRiskCo, IOLO, Oscar Health, The Institutes RiskBlock Alliance, Vitality.

Included in Juniper Leaderboard: Clara Analytics, Digital Fineprint, FINEOS, FRISS, Guidewire, Octo Telematics, Planck Re, Quantemplate, Roost, Slice Labs, Snapsheet, The Floow, TomTom Telematics, Tractable, Zendrive.

Included in Insurer Readiness Index: AIA Group, Allianz, Allstate, Assicurazioni Generali, Aviva, AXA Group, China Life, China Pacific, Chubb, Dai-Ichi Life Insurance Company, Legal & General, Manulife, MetLife, Munich Re, Ping An Insurance Group, Prudential, Swiss Re, Tokio Marine Holdings, UnitedHealth Group, Zurich Insurance Group.

Mentioned:

AbleTo, Accenture, Ageas, Alaska National Insurance Company, American Well, AON, Apple, Atradius, BIMA, Biofourmis, Biovotion, BMW, Breast Cancer Research Foundation, Bunker, Cineworld, CIRC (China Insurance Regulatory Commission), CMS (Centre for Medicare & Medicaid Services), CNP Assurances, Coface, Cognizant, CoverWallet, DiDi Chuxing, Digital Insurance Group, Direct Line Insurance, Euler Hermes, Evans Cycles, Evry, Expression Insurance, Farmers Alliance, Focum, Ford, Friendsurance, FSA (Financial Services Agency of the Japanese Government), Fukoku Mutual Life Insurance, Hiscox, IBM, IHC Risk Solutions, John Hancock, Keylane, Lemonade, Liberty Mutual, Metromile, Mitchell, MyDrive Solutions, NAIC (National Association of Insurance Commissioners), Neos, Next Insurance, North Face, Ocado, OECD, Plug and Play Insurtech, QBE, Renova Group, Robin Hood Foundation, Selective, Signal Iduna, Simplesurance, Slice Labs, Sompo Japan Nipponkoa Insurance, Teach for America, The Co-operators, Tieto, Trov, USAA, Virgin, Vouch Insurance, Vu, VW, Willis Towers Watson, Woop, XL Catlin

 

Data & Interactive Forecast

Juniper’s Insurtech forecast suite includes:
  • Country level data splits for:
    • Canada
    • UK
    • US
    • France
    • Germany
    • Brazil
    • Mexico
    • Plus 8 key global regions
  • Data splits by insurance segment:
    • Global Insurance Market
    • Car Insurance
    • Home Insurance
    • Life Insurance
    • Health Insurance
  • Interactive Scenario tool allowing the user the ability to manipulate Juniper’s data for 12 different metrics.
  • Access to the full set of forecast data of 129 tables and over 15,480 datapoints.
Juniper Research’s highly granular interactive Excels enable clients to manipulate Juniper’s forecast data and charts to test their own assumptions and compare markets side by side in customised charts and tables. IFxls greatly increase clients’ ability to both understand a particular market and to integrate their own views into the model.  

 

Insurtech Research Report

Date
Price

Full Research Suite

Insurtech full research suite comprises:

  • Insurtech PDF report
  • Interactive Forecast IFXL spreadsheet
  • 12 months' access to Insurtech data updates in harvest

Click here for more information and purchase options

Aug 2018

$4041

€3508

£2990

Report PDF & Excel

Insurtech full report and forecasts only, comprising:

  • Insurtech PDF report
  • Interactive Forecast IFXL spreadsheet

Click here for more information and purchase options

Aug 2018

$3041

€2640

£2250

Research Details

Publisher:
Juniper
Published:
21/08/2018
Author(s):
Nick Maynard
Category:
Fintech & Payments
Regions:
8 Key Regions - includes North America, Latin America, West Europe, Central & East Europe, Far East & China, Indian Subcontinent, Rest of Asia Pacific and Africa & Middle East
Countries:
Brazil, Canada, France, Germany, Mexico, UK, USA

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