Insurtech Market Regional Analysis

North America emerges as the top market for insurtech companies owing to the presence of multiple finance and insurance companies coupled with quick adoption of advanced technologies. The availability of a developed IT infrastructure and high demand for better insurance policies are also expected to make this the leading regional market for insurtech companies going forward. Canada and the United States are estimated to be the most rewarding markets for insurtech companies operating in the North American region through 2031. The growing number of insurtech start-ups and rising popularity of decentralization of finance are also slated to aid market development in the future.

The Asia Pacific region is slated to emerge as the fastest growing market for insurtech companies in the world going forward. Increasing investments in digital transformation, rising demand for affordable insurance plans, and launch of supportive new initiatives to promote modernization of financial industry are expected to offer new opportunities for insurtech providers in this region. Hong Kong, India, Japan, and Singapore are estimated to be most rewarding markets for insurtech companies operating in this region. Efforts of emerging economies to digitize their finance and banking industries are also expected to create new opportunities in the long run.