Market Overview:
The global insurtech market size was valued at USD 10.3 Billion in 2024.
The market is expected to reach USD 152.9 Billion by 2033, exhibiting a growth rate (CAGR) of 31.51% during 2025-2033.
North America leads the market, accounting for the largest insurtech market share.
The Health segment dominates the market with a 25.7% share in 2024, driven by rising healthcare costs, preventive care trends, and the adoption of wellness programs, telemedicine, and data-driven solutions to manage expenses and improve outcomes.
Cloud computing hold the biggest share in the insurtech industry.
AI, ML, big data, and blockchain are driving innovation, efficiency, and personalized solutions in the insurtech industry.
Demand for convenience, transparency, and tailored services is pushing insurtech firms to adopt digital platforms and usage-based policies.