{"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='Kenyan group in talks with Ethiopian banks on mobile payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/kenyan-group-in-talks-with-ethiopian-banks-on-mobile-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/09\/kenyan-group-in-talks-with-ethiopian-banks-on-mobile-payments-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-10828\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-10828'>\n\t\t\t\tKenyan group in talks with Ethiopian banks on mobile payments\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Top 9 Fintech Trends Moving into 2022 (Video)'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-9-fintech-trends-moving-into-2022-video\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2021\/12\/8ef3a48d-ae77-d383-cb0b-2a13f2a787691-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-16530\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-16530'>\n\t\t\t\tTop 9 Fintech Trends Moving into 2022 (Video)\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Bankers expect open banking to increase profits 10-20%'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/bankers-expect-open-banking-to-increase-profits-10-20\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2019\/06\/bankers-expect-open-banking-to-increase-profits-10-20-150x150.png\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-13039\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-13039'>\n\t\t\t\tBankers expect open banking to increase profits 10-20%\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}]}}