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  The  global insurtech market  size  2020 is estimated to be valued at $7,841.0 , growing at a  CAGR of 29.1%  and is expected to  reach $57,934.0 million by 2028 . COVID-19 Impact on the Insurtech Market The global insurtech market trend is projected to be positively impacted by the COVID-19 outbreak. Businesses all across the world are attempting to increase their competitiveness and market worth in order to prepare for the pandemic. Businesses and customers avoid personal touch to prevent the spread of infections. These actions will benefit artificial intelligence, blockchain, and other user-friendly insurance technology. As a result, the need for insurtech startups and solutions has increased considerably during the corona virus pandemic. Global Insurtech Market Analysis Market growth is expected to be fueled by rising demand for insurance service digitization. The simplification of claims processes is likely to drive growth of insurtech gateways and fintech insurtechs. Insurance

  The  global commercial insurance market  size is estimated to be valued at  $661,743.0 million by 2028 , surging from  $349,127.3 million in 2020 , at a  CAGR of 8.1% . COVID-19 Impact on the Commercial Insurance Market Various insurance brokerage firms in emerging countries like India have closed due to a drop-in client demand for insurance. The business insurance market has risen dramatically in recent years, but it is likely to face a modest fall in 2021 as a result of the COVID-19 pandemic and resume growth post the pandemic. This is due to the implementation of curfews by government agencies in most countries, as well as a rise in business insurance prices. Post COVID-19 Impacts on Commercial Insurance Market. Get in touch with Expert Analyst@  https://www.researchdive.com/connect-to-analyst/8428 Global Commercial Insurance Market Analysis Due to a growth in demand for commercial insurance policy among small and medium-sized firms, the commercial insurance market growth is expec