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 7 solution areas and within these 314 companies offer 370 products. The most popular solution area is Claims Management Software with 873 users searching for solutions in this area every month.
MATURITY

Number of Employees

9868 employees work for a typical company in this solution category which is 9847 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 8k-500k employees. The largest company building Insurtech is Accenture with more than 500,000 employees.

Accenture
Oracle
CGI Group
LexisNexis
3i Infotech Limited