Dublin, Feb. 16, 2026 (GLOBE NEWSWIRE) -- The "Insurtech Market, till 2035: Distribution by Type of Insurtech, Type of Service, Type of Technology, End-User, Type of Enterprise, and Geographical Regions: Industry Trends and Global Forecasts" report has been added to ResearchAndMarkets.com's offering.
The global insurtech market size is estimated to grow from USD 14 billion in the current year to USD 638 billion by 2035, at a CAGR of 41.45% during the forecast period, till 2035.
Insurtech integrates insurance with advanced technology to enhance efficiency, speed, and cost-effectiveness. Emerging technologies such as artificial intelligence, blockchain, cloud computing, and machine learning are helping insurers to accelerate claims processing, personalize policy offerings, enhance underwriting accuracy, and automate repetitive administrative tasks. This wave of digital transformation enables insurers to cut costs while improving service quality for both individuals and enterprises.
Collaborations between traditional insurers and insurtech startups are fueling innovation in this domain. Notably, startups are contributing agility and fresh ideas, while established insurers are offering scale and market experience. Additionally, increasing cloud adoption is supporting the deployment of flexible and scalable insurance solutions. The rising adoption of AI-driven solutions across various industries is propelling the growth of insurtech market. As insurers modernize their operations, technology has become a key enabler in enhancing customer experiences and optimizing risk evaluation.
North America captures the majority share of the market. This can be attributed to robust digital infrastructure, early fintech adoption, and a well-established insurance sector. However, the market in Asia is expected to grow at a higher CAGR during the forecast period. This can be attributed to a significant population that is tech-savvy and low levels of insurance coverage in nations like India and China.
Insurtech Market: Key Segments
Market Share by Type of Insurtech
Based on type of insurtech, the global insurtech market is segmented into health, auto, travel, business, home, specialty, and others. According to our estimates, currently, the health segment captures the majority of the market share and this trend is unlikely to change in future. This can be attributed to the growing demand for personalized health plans, simplified claims processes, and quicker approvals.
Market Share by Type of Service
Based on type of service, the global insurtech market is segmented into managed services, support & maintenance, and consulting. According to our estimates, currently, the managed services captures the majority of the market share. This can be attributed to the fact that it helps insurers enhance operations, ensure compliance, and implement industry best practices. However, the support and maintenance services segment is expected to grow at a higher CAGR during the forecast period, driven by the ongoing need for system updates and technical support to maintain seamless digital operations.
Market Share by Type of Technology
Based on type of technology, the global insurtech market is segmented into cloud computing, blockchain, IoT, machine learning, and robo-advisors. According to our estimates, currently, the cloud computing segment captures the majority of the market share. This growth is primarily attributed to its cost efficiency, scalability, and capability to provide remote access and real-time updates.
Market Share by End User
Based on end user, the global insurtech market is segmented into BFSI, healthcare, automotive, government, retail, manufacturing, and transportation. According to our estimates, currently, the BFSI sector captures the majority of the market share. However, the healthcare sector is expected to grow at a higher CAGR during the forecast period. This can be attributed to the escalating medical expenses and the prevalence of chronic diseases that is driving the need for more effective insurance solutions.
Market Share by Type of Enterprise
Based on type of enterprise, the global insurtech market is segmented into large and small and medium enterprise. According to our estimates, currently, the large enterprises capture the majority of the market share. This trend is largely due to their ability to invest in cutting-edge insurtech technologies, leverage significant resources, achieve economies of scale, and facilitate business expansion.
Key Questions Answered in this Report
- How many companies are currently engaged in insurtech market?
- Which are the leading companies in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
Competitive Landscape
- Clover Health
- Company Overview
- Company Mission
- Company Footprint
- Management Team
- Contact Details
- Financial Performance
- Operating Business Segments
- Service / Product Portfolio (project specific)
- MOAT Analysis
- Recent Developments and Future Outlook
- Cognizant
- Damco Group
- DXC Technology
- Fineos
- Infosys
- Majesco
- Oscar Insurance
- OutSystems
- Pegasystems
- Prima Solutions
- Quantemplate
- Shift Technology
- Trov Insurance Solutions
- Wipro
- Zhongan Insurance
Additional Benefits
- Complimentary Excel Data Packs Covering All Analytical Modules
- Up to 15% Complimentary Content Customization
- In-Depth Report Walkthrough with the Research Team
- Complimentary Report Update if the Report is 6+ Months Old
For more information about this report visit https://www.researchandmarkets.com/r/98wvb8
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