Research and Markets - Global Insurtech Market Growth at CAGR of 10.41%, 2016-2020: Key Vendors are Friendsurance, Guevara, Oscars & Zhong An

DUBLIN, Dec 6, 2016 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Insurtech Market 2016-2020" report to their offering.

The global insurtech market to grow at a CAGR of 10.41% during the period 2016-2020.

Global Insurtech Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers the investments made in insurtech platforms in the Americas, APAC, and EMEA.

Many insurance companies are focusing on expense management in a bid to increase profit margins. This is possible only through the application of technology. Many insurers are shifting their focus from stand-alone technology projects to an environment where there is a continuous technological improvement. The top vendors are executing M&A and joint ventures to reduce costs."

According to the report, many top banks and insurance companies are expected to enhance their offerings or develop strategic partnerships with financial technology innovators to provide innovative payment solutions to customers. The advances and innovations in technologies and different financial, technological platforms have also increased the customers' need for better online experiences.

Further, the report states that It is important for the insured to disclose the exact information to the insurance company. This will help the insured to avoid the number of fraud claims. And this rise in fraud cases has a direct impact on the customers' claim experience. Insurance companies have started conducting stringent checks before paying claim amounts. One of the instances where most fraudulent claims are made is with whiplash injuries. Claims, which are based on whiplash injuries, are common following an accident.

Key vendors

• Friendsurance
• Guevara
• Oscars
• Zhong An

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Market research methodology

Part 04: Introduction

Part 05: Market landscape

Part 06: Geographical segmentation

Part 07: Market drivers

Part 08: Impact of drivers

Part 09: Market challenges

Part 10: Impact of drivers and challenges

Part 11: Market trends

Part 12: Vendor landscape

Part 13: Key vendor profile

Part 14: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/x63fwm/global_insurtech

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