Insurtech

Insurtech (short for insurance technology) solutions are technologies to enhance the operations of insurance companies and the insurance industry. Insurtech software facilitate processes such as customer identity verification, fraud prevention, and claims management for insurance businesses.

Insurtech addresses challenges for all types of insurance clients including retail and commercial insurances. They also address all types of insurances like healthcare, property & casualty (P&C).

Insurtech includes 6 solution areas and within these 316 companies offer 352 products. The most popular solution area is Claims Management Software with 947 users searching for solutions in this area every month.

MATURITY

Number of Employees

68 employees work for a typical company in this solution category which is 45 more than the number of employees for a typical company in the average solution category.

In most cases, companies need at least 10 employees to serve other businesses with a proven tech product or service. 3 companies with >10 employees are offering Insurtech. Top 3 products are developed by companies with a total of 70k-100k employees. The largest company in this domain is Oracle with more than 100,000 employees. Oracle provides the solution: Oracle

Oracle
DataScience
SAP
DXC Technology
Salesforce
NUMBER OF VENDORS BY HQ COUNTRY