Embedded insurance refers to the seamless integration of insurance products or services into other non-insurance products or services, such as e-commerce platforms, travel booking websites or financial services. This integration allows customers to purchase insurance as part of their overall transaction or interaction without having to separately visit the insurance provider's website or purchase a standalone policy. Embedded insurance can increase convenience, reduce shopping time, increase customer loyalty, improve efficiency, diversify revenue sources and reduce claims risk.
According to our (Global Info Research) latest study, the global Embedded Insurance market size was valued at US$ 80970 million in 2023 and is forecast to a readjusted size of USD 177690 million by 2030 with a CAGR of 11.4% during review period.
Global key players of Embedded Insurance include Travelers Insurance, Cover Genius, Metromile, etc. The top three players hold a share over 35%. Asia-Pacific is the largest market, with a share about 39%, followed by Europe and North America, with share 32% and 21%, separately. In terms of product type, Life Insurance is the largest segment, occupied for a share of 51%. In terms of application, Automotive is the largest one, which has a share about 26 percent.
This report is a detailed and comprehensive analysis for global Embedded Insurance market. Both quantitative and qualitative analyses are presented by company, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2024, are provided.
Key Features:
Global Embedded Insurance market size and forecasts, in consumption value ($ Million), 2019-2030
Global Embedded Insurance market size and forecasts by region and country, in consumption value ($ Million), 2019-2030
Global Embedded Insurance market size and forecasts, by Type and by Application, in consumption value ($ Million), 2019-2030
Global Embedded Insurance market shares of main players, in revenue ($ Million), 2019-2024
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Embedded Insurance
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Embedded Insurance market based on the following parameters - company overview, revenue, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Travelers Insurance, Cover Genius, Metromile, Qover, Hokodo Services, ELEMENT Insurance, Bsurance, Simplesurance, Kasko, Wrisk Transfer, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market segmentation
Embedded Insurance market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segmentation
Embedded Insurance market is split by Type and by Application. For the period 2018-2029, the growth among segments provides accurate calculations and forecasts for Consumption Value by Type and by Application. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Life Insurance
Non-Life Insurance
Market segment by Application
Consumer Products
Travel and Hospitality
Automotive
Real Estate
Others
Market segment by players, this report covers
Travelers Insurance
Cover Genius
Metromile
Qover
Hokodo Services
ELEMENT Insurance
Bsurance
Simplesurance
Kasko
Wrisk Transfer
Extracover
Penni.io
Market segment by regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia and Rest of Asia-Pacific)
South America (Brazil, Rest of South America)
Middle East & Africa (Turkey, Saudi Arabia, UAE, Rest of Middle East & Africa)
The content of the study subjects, includes a total of 13 chapters:
Chapter 1, to describe Embedded Insurance product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top players of Embedded Insurance, with revenue, gross margin, and global market share of Embedded Insurance from 2019 to 2024.
Chapter 3, the Embedded Insurance competitive situation, revenue, and global market share of top players are analyzed emphatically by landscape contrast.
Chapter 4 and 5, to segment the market size by Type and by Application, with consumption value and growth rate by Type, by Application, from 2019 to 2030.
Chapter 6, 7, 8, 9, and 10, to break the market size data at the country level, with revenue and market share for key countries in the world, from 2019 to 2024.and Embedded Insurance market forecast, by regions, by Type and by Application, with consumption value, from 2024 to 2030.
Chapter 11, market dynamics, drivers, restraints, trends, Porters Five Forces analysis.
Chapter 12, the key raw materials and key suppliers, and industry chain of Embedded Insurance.
Chapter 13, to describe Embedded Insurance research findings and conclusion.
Summary:
Get latest Market Research Reports on Embedded Insurance. Industry analysis & Market Report on Embedded Insurance is a syndicated market report, published as Global Embedded Insurance Market 2024 by Company, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Embedded Insurance market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.