Usage-Based Insurance is fast becoming a revolution in the United States as it offers a package of benefits such as Attracting low-risk drivers. Enhancing customer loyalty. Reducing claims costs. Increasing the number of potential touch-points per year which is altering the face of the Auto-Insurance Industry and is poised to […]
Insurance
The global digital insurance platform market was valued at USD 98 billion in the year 2019 and is estimated to reach USD 111.43 billion by the year 2020. It is expected to grow at the CAGR of 13.7% within the time horizon of 2020-2025 because of rising use of Internet […]
The Insurance Industry Market size was valued at USD 73.75 billion in 2019 and is estimated to reach USD 80.09 billion by the year 2020. It is expected to grow at the CAGR of 8.6% within the time horizon of 2020-2025. It will reach USD 120.98 billion by the year […]
Low interest rate has been the main cause in the decline and negative performance of the life insurance market in USA in recent years Definition / Scope Life insurance is a contract made between a life insurance company and the insurance policy holder. Here, the insurance company is known as […]
The global InsurTech market revenue was valued at $532.7 billion in 2018 and is expected to reach $ 3.4 trillion by 2023, growing at a CAGR of 45.6% during the forecast period 2019–2023. Definition / Scope Market Overview Top Market Opportunities Market Drivers Market Restraints Industry Challenges Technology Trends Pricing […]
Canadian Medical Insurance market is in the growth stage and was estimated to reach USD 44.7 billion in 2018. It is expected to grow at the CAGR of 7.5% during the forecasted time period of 2019-2024 because of the increasing number of chronic illnesses and rising health care costs. Definition […]
In future to succeed in utilizing and bringing value out of data analytics in insurance, data scientists and actuaries must collaborate to understand the analytics models. At present only 3% of the insurance companies in the US are doing the same. Definition / Scope Market Overview Top Market Opportunities Market […]
The insurance sector of India is a very booming one due to the increase in the number of industrial establishments and also due due to the rise in population. India consists of 53 insurance companies of which 24 deal with life insurance business and 29 with non-life insurers. Definition / […]
Almost 90% of the total population in Nepal is living without an insurance policy despite the existence of insurance companies for almost half a century. The penetration of insurance is just 1.31% of the GDP. Definition / Scope Market Overview Market Risks Top Market Opportunities Market Trends Industry Challenges Regulatory […]