{"id":16618,"date":"2022-02-08T13:25:06","date_gmt":"2022-02-08T13:25:06","guid":{"rendered":"https:\/\/bulletins.bfconsulting.com\/?p=16618"},"modified":"2022-02-08T13:25:06","modified_gmt":"2022-02-08T13:25:06","slug":"global-insurtech-market-estimated-to-grow-to-usd-10-7-billion-in-2027","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/global-insurtech-market-estimated-to-grow-to-usd-10-7-billion-in-2027\/","title":{"rendered":"Global Insurtech Market Estimated to Grow to USD 10.7 Billion in 2027"},"content":{"rendered":"<p>A recent study conducted by BlueWeave Consulting has shown that the global insurtech market was worth USD 5.3 billion in 2020. The study also revealed that the global insurtech market is expected to grow at a CAGR of 10.6% for the 2021\u20132027 period, resulting in an overall worth of USD 10.7 billion by the end of 2027. This rapid growth is due to the growing adoption of advanced technologies such as machine learning, internet-of-things (IoT) devices and cloud computing. In particular, insurance companies have access to much more data with which to track and analyze consumer behavior. At the same time, data privacy issues and rising cyberattacks represent a major constraint on global insurtech growth.<\/p>\n<p>To view more details on the study, click <a href=\"https:\/\/www.blueweaveconsulting.com\/report\/global-insurtech-market\">here<\/a>.<\/p>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-16618 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='3 key areas for a future with open banking'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/3-key-areas-for-a-future-with-open-banking\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/3-key-areas-for-a-future-with-open-banking-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13041\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13041'>\n\t\t\t\t3 key areas for a future with open banking\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='How one cybersecurity firm hit a value of USD 1.25 billion'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/how-one-cybersecurity-firm-hit-a-value-of-usd-1-25-billion\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/11\/how-one-cybersecurity-firm-hit-a-value-of-usd-1-25-billion-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11582\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11582'>\n\t\t\t\tHow one cybersecurity firm hit a value of USD 1.25 billion\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Low uptake of email authentication by financial institutions'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/low-uptake-of-email-authentication-by-financial-institutions\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/10\/low-uptake-of-email-authentication-by-financial-institutions-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-11226\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-11226'>\n\t\t\t\tLow uptake of email authentication by financial institutions\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>A recent study conducted by BlueWeave Consulting has shown that the global insurtech market was worth USD 5.3 billion in 2020. The study also revealed that the global insurtech market is expected to grow at a CAGR of 10.6% for the 2021\u20132027 period, resulting in an overall worth of USD 10.7 billion by the end &hellip;<\/p>\n","protected":false},"author":12,"featured_media":16597,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16618"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=16618"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16618\/revisions"}],"predecessor-version":[{"id":16619,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/16618\/revisions\/16619"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media\/16597"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=16618"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=16618"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=16618"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}