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 ...
Focus on providing precise information and statistics based on the requirements of Business Person is relentless.