Europe Insurtech Market Growth, Demand and Challenges of the Key Industry Players 2024-32
                     Europe Insurtech 
Market Research and 
Forecast Report 2024-
2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
About IMARC Group
In ternat ional  Market  Analys is  Research and Consul t ing Group is  a leading adv iser  on management  
s t rategy and market  research wor ldwide.  We par tner  wi th c l ients  in  a l l  regions and indust ry  
vert ica ls  to  ident i fy  thei r  h ighest -value oppor tuni t ies,  address thei r  most  cr i t ica l  chal lenges,  and 
t ransform thei r  bus inesses.
IMARC’s in format ion products  inc lude major market ,  sc ient i f ic ,  economic and technological  
developments  for  bus iness leaders  in  pharmaceut ica l ,  indust r ia l ,  and h igh technology 
organizat ions.  Market  forecasts  and indust ry  analys is  for  b iotechnology,  advanced mater ia ls ,  
chemicals ,  food and beverage,  t ravel  and tour ism, nanotechnology and novel  process ing methods 
are at  the top of  the company’s  exper t ise.
IMARC’s ta i lored approach combines unfathomable ins ight  in to the dynamics o f  companies and 
markets wi th c lose cooperat ion at  a l l  levels  of  the c l ient  organizat ion.  This ensures that  our  c l ients 
achieve unmatchable compet i t ive advantage,  bui ld  more pro f ic ient  organizat ions,  and secure 
las t ing resul ts .
A cc o r d i ng  t o  t h e  l a t e s t  r e p o r t  b y  I MA R C  G r o up ,  t i t l e d  " E u r o p e  I n s u r t e c h  Ma r k e t :  
I n d u s t r y  T re n d s ,  S h a re ,  S i z e ,  Gr o w th ,  O p p o r t u n i ty  an d  F o r e ca s t  2 0 2 4 -
20 3 2 , "  t h e  E u r o p e  i n su r t ec h  m a r k e t  s i z e  i s  p r o j e c t e d  t o  e x h i b i t  a  g ro w t h  r a te  ( C A G R )  
o f  4 1 . 2 0%  d u r i n g  2 02 4 - 2 0 32 .
Report I n s u r t e ch ,  a  b l e n d  o f  " i n s u r an c e "  a n d  " t ec h n o l og y , "  r e f e rs  t o  t h e  i nn o v a t i v e  u s e  o f  
t ec h n o l o gy  t o  en h a n c e  a n d  s t r e a m l i ne  t he  i n su r a n ce  i nd u s t r y .  I t  e n co m p as s e s  v a r i o u s  
d i g i t a l  s o l u t i on s  s u ch  a s  a r t i f i c i a l  i n t e l l i g en c e ,  b i g  d a t a  a n a l y t i c s ,  b l o c k c ha i n ,  an d  I o T ,  
Highlight and w h i c h  i mp r o v e  e f f i c i e nc y ,  r ed u c e  c o s t s ,  a n d  o f f e r  pe r s o na l i z e d  se r v i c e s .  
I ns u r t e ch  s t a r t u p s  a r e  d i s r u p t i ng  t r ad i t i o n a l  i n s u r an c e  mo d e l s  b y  o f f e r i n g  u s e r - f r i e nd l y  
Description p l a t f o r ms ,  f as te r  c l a i m  p r o c es s i n g ,  a n d  c u s t o m i z e d  p o l i c i e s .  T h e s e  ad v a n c em e n ts  en a b l e  i n s u r e r s  t o  b e t t e r  as s e s s  r i s ks ,  p r e v e n t  f r au d ,  a n d  e n h a nc e  c us t o m er  
ex p e r i e n ce s .  C u r r en t l y ,  i n s u r t e c h  i s  g a i n i ng  i m m en s e  t r a c t i o n  a c r o ss  E u r o p e  as  i t  
ma k e s  i t  m o r e  a c ce s s i b l e ,  t r a n sp a r e n t ,  a n d  e f f i c i e n t  f o r  p r o v i d e r s  an d  c o ns u m e rs .
R eq u e s t  f o r  a  P D F  sa m p le  o f  th i s  r ep o r t :  
h t t p s : / /w w w . i ma r c g r o u p . co m / e u r o p e - i ns u r t ec h - m ar k e t / re q u e s ts a m p l e
Report Description
E u r o p e  I n s u r t e c h  M a r k e t  T r e n d s :
T h e  E u r o p e  i n s u r t e c h  m a r k e t  i s  s i g n i f i c a n t l y  d r i v e n  b y  t h e  i n c r e a s i n g  d i g i t a l i z a t i o n  a c r o s s  t h e  c o n t i n e n t ,  w i t h  c o n s u m e r s  a n d  
b u s i n e s s e s  a l i k e  d e m a n d i n g  m o r e  a c c e s s i b l e  a n d  e f f i c i e n t  i n s u r a n c e  s o l u t i o n s .  A l s o ,  t h e  w i d e s p r e a d  u s e  o f  s m a r t p h o n e s  a n d  h i g h  
i n t e r n e t  p e n e t r a t i o n  r a t e s  f a c i l i t a t e  t h e  a d o p t i o n  o f  d i g i t a l  i n s u r a n c e  p l a t f o r m s .  T h e  r e g u l a t o r y  s u p p o r t ,  s u c h  a s  t h e  E u r o p e a n  
U n i o n ’ s  i n i t i a t i v e s  t o  p r o m o t e  f i n a n c i a l  i n n o v a t i o n ,  h a s  p l a y e d  a  c r u c i a l  r o l e  i n  f o s t e r i n g  a  c o n d u c i v e  e n v i r o n m e n t  f o r  i n s u r t e c h  
g r o w t h .  A d d i t i o n a l l y ,  t h e  t r a d i t i o n a l  i n s u r a n c e  s e c t o r ' s  n e e d  t o  m o d e r n i z e  a n d  s t a y  c o m p e t i t i v e  h a s  s p u r r e d  i n v e s t m e n t s  i n  
i n s u r t e c h ,  e n a b l i n g  t r a d i t i o n a l  i n s u r e r s  t o  o f f e r  m o r e  s t r e a m l i n e d  a n d  c u s to m e r - c e n t r i c  s e r v i c e s .  
M o r e o v e r ,  t e c h n o l o g i c a l  a d v a n c e m e n t s ,  p a r t i c u l a r l y  i n  a r t i f i c i a l  i n t e l l i g e n c e ,  b i g  d a t a  a n a l y t i c s ,  a n d  b l o c k c h a i n ,  a r e  t r a n s fo r m i n g  
t h e  w a y  i n s u r a n c e  i s  d e l i v e r e d .  A I  a n d  m a c h i n e  l e a r n i n g  a r e  e n h a n c i n g  r i s k  a s s e s s m e n t ,  u n d e r w r i t i n g  p r o c e s s e s ,  a n d  c u s t o m e r  
s e r v i c e  t h r o u g h  c h a t b o t s  a n d  a u to m a t e d  c l a i m s  p r o c e s s i n g .  B i g  d a ta  a n a l y t i c s  a l l o w s  i n s u r e r s  t o  p e r s o n a l i z e  p o l i c i e s  a n d  i m p r o v e  
f r a u d  d e t e c t i o n ,  w h i l e  b l o c k c h a i n  t e c h n o l o g y  e n s u r e s  s e c u r e  a n d  t r a n s p a r e n t  t r a n s a c t i o n s .  A n o th e r  s i g n i f i c a n t  t r e n d  i s  t h e  r i s e  o f  
i n s u r t e c h  s t a r t u p s ,  w h i c h  a r e  i n t r o d u c i n g  i n n o v a t i v e  b u s i n e s s  mo d e l s  a n d  n i c h e  p r o d u c t s  t a i l o r e d  t o  s p e c i f i c  c u s t o m e r  n e e d s ,  
s u c h  a s  o n - d e m a n d  i n s u r a n c e  a n d  u s a g e - b a s e d  c o v e r a g e .  T h e s e  s t a r t u p s  a r e  o f t e n  m o r e  a g i l e  a n d  c u s to m e r - f o c u s e d  t h a n  
t r a d i t i o n a l  i n s u r e r s ,  a t t r a c t i n g  a  g r o w i n g  c u s t o m e r  b a s e ,  e s p e c i a l l y  a m o n g  m i l l e n n i a l s  a n d  t e c h - s a v v y  c o n s u m e r s .
V ie w  R e p o r t  T O C ,  F i g u r e s  a n d  T a b l e s :  h t t p s : / / w w w . i m a r c g r o u p . c o m / e u r o p e - in s u r t e c h - m a r k e t
Type Insights:
• Auto
• Business
• Health
• Home
• Specialty
• Travel
Report • Others
Segmentation Service Insights:
• Consult ing
• Support and Maintenance
• Managed Services
Technology Insights:
• Blockchain
• Cloud Computing
• IoT
• Machine Learning
• Robo Advisory
• Others
Country Insights:
• Germany
Report 
• United K ingdom
Segmentation • France
• I ta ly
• Russia
• Spain
• Nether lands
• Switzer land
• Poland
• Others
How has the Europe insurtech market performed so far 
and how will it perform in the coming years?
What has been the impact of COVID-19 on the Europe 
insurtech market?
What is the breakup of the Europe insurtech market on 
the basis of type?
Key 
What is the breakup of the Europe insurtech market on 
Questions the basis of service?
Answered in What is the breakup of the Europe insurtech market on the basis of technology?
the Report What are the various stages in the value chain of the 
Europe insurtech market?
What are the key driving factors and challenges in the 
Europe insurtech?
What is the structure of the Europe insurtech market 
and who are the key players?
What is the degree of competition in the Europe 
insurtech market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4    E u r o p e  I n s u r t e c h  M a r k e t  -  I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     M a r k e t  D y n a m i c s
    4 . 3     I n d u s t r y  T r e n d s
    4 . 4     C o m p e t i t i v e  I n t e l l i g e n c e
5    E u r o p e  I n s u r t e c h  M a r k e t  L a n d s c a p e
    5 . 1     H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
    5 . 2     M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
6    E u r o p e  I n s u r t e c h  M a r k e t  -  B r e a k u p  b y  T y p e
    6 . 1     A u t o
        6 . 1 . 1  O v e r v i e w
        6 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 2     B u s i n e s s
        6 . 2 . 1  O v e r v i e w
        6 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
       
    6 . 3     H e a l t h
        6 . 3 . 1  O v e r v i e w
        6 . 3 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 3 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 4     H o m e
        6 . 4 . 1  O v e r v i e w
        6 . 4 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 4 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 5     S p e c i a l t y
        6 . 5 . 1  O v e r v i e w
Table of         6 . 5 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )        6 . 5 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 6     T r a v e l
        6 . 6 . 1  O v e r v i e w
Contents         6 . 6 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 6 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    6 . 7     O t h e r s
        6 . 7 . 1  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        6 . 7 . 2  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
7    E u r o p e  I n s u r t e c h  M a r k e t  -  B r e a k u p  b y  S e r v i c e
    7 . 1     C o n s u l t i n g
        7 . 1 . 1  O v e r v i e w
        7 . 1 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 1 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
    7 . 2     S u p p o r t  a n d  M a i n t e n a n c e
        7 . 2 . 1  O v e r v i e w
        7 . 2 . 2  H i s t o r i c a l  a n d  C u r r e n t  M a r k e t  T r e n d s  ( 2 0 1 8 - 2 0 2 3 )
        7 . 2 . 3  M a r k e t  F o r e c a s t  ( 2 0 2 4 - 2 0 3 2 )
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
ht t ps : / /w ww. i ma rc gro up . c o m /e uro p e - i nsu r t ec h -m a rke t / t o c
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