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Embedded Insurance Market Size to Grow USD 296.85 Billion by 2029 at a CAGR of 24.12% | Valuates Reports

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BANGALORE, India, Oct. 17, 2023 /PRNewswire/ — Global Embedded Insurance Market Is Segmented By Type (Life Insurance,Non-life Insurance), By Application (Consumer Products, Travel And Hospitality, Automotive, Healthcare, Real Estate, Transport and Logistics, Others): Global Opportunity Analysis And Industry Forecast, 2023-2029.

Embedded Insurance market is projected to reach USD 296.85 Billion in 2029, increasing from USD 65.41 Billion in 2022, with a CAGR of 24.12% during the period of 2023 to 2029.

Major Factors Driving the Growth of Embedded Insurance Market

Embedded insurance has a number of potential advantages for both policyholders and insurers. These advantages include lower administrative costs, better customer satisfaction and retention, greater access to data and analytics, a lower risk of claims and fraud, more convenience, better coverage, lower costs, and greater peace of mind.

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TRENDS INFLUENCING THE GROWTH OF EMBEDDED INSURANCE MARKET

Products with embedded insurance are very well integrated into users’ digital travels, which improves the experience. For instance, ride-hailing services provide customers the choice to purchase ride protection insurance when they schedule a ride. To speed up the process, integrated insurance makes use of extra customer-related data points. Additionally, embedded-insurance channels provide specific insurance products that add value to the main company offering.  This factor is expected to drive the growth of Embedded Insurance market.

Embedded insurance saves policyholders time and money by removing the need to buy separate insurance policies. For people who lack the time or resources to examine various regulations, this might be extremely useful. When a requirement for coverage materializes, insurance products can be made available thanks to embedded insurance. As a result, it is much easier to buy insurance cover. This factor is expected to drive the growth of Embedded Insurance market.

Embedded insurance offers clients extra protection that they would not have had access to under a conventional policy. They may feel more secure knowing that they have extra security in case of need. Purchasing integrated insurance plans can frequently be less expensive than doing it separately. By doing this, customers may save money without sacrificing access to comprehensive insurance. This factor is expected to drive the growth of Embedded Insurance market.

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Technology developments have led to a significant increase in embedded insurance. Insurance may now more easily be integrated into a variety of goods and services thanks to digital platforms and data-driven procedures, increasing its usability and customer attractiveness. Offering insurance at the time of need is now more effective and convenient thanks to technology advancements. This factor is expected to drive the growth of Embedded Insurance market

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EMBEDDED INSURANCE MARKET SHARE ANALYSIS

In North America, embedded insurance is widely used, particularly in the USA because it provides automobile buyers more flexibility. Based on their banking history, Americans and Canadians frequently buy embedded insurance from banks, which enables customers to acquire alternatives that are appropriate for their requirements and preferences.

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Key Companies:

  • Trov Insurance Solution
  • Hokodo Services
  • Cover Genius
  • ELEMENT Insurance
  • Qover
  • Bsurance
  • OptioPay
  • Extracover
  • Wrisk Transfer
  • Kasko
  • GUARDHOG
  • Players Health

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SIMILAR REPORTS

–  Embedded analytics market size was valued at USD 25,133 Million in 2016, and is projected to reach USD 60,281 Million by 2023, with a CAGR of 13.6% from 2017 to 2023.

–  Embedded Finance Market

–  The global Unified Communications as a Service (UCaaS) market size is projected to reach USD 80430 million by 2028, from USD 26510 million in 2021, at a CAGR of 16.7% during 2022-2028.

–  Business Credit Insurance Market

–  The global Final Expense Insurance market is projected to grow from USD 200750 million in 2023 to USD 224760 million by 2029, at a Compound Annual Growth Rate (CAGR) of 1.9% during the forecast period.

–  Guaranteed Asset Protection (GAP) Insurance Market

–  Commercial Property Insurance Market

–  The global Insurance Fraud Detection market was valued at USD 2355.1 million in 2022 and is anticipated to reach USD 5334.7 million by 2029, witnessing a CAGR of 14.6% during the forecast period 2023-2029.

–  Life Insurance Policy Administration Systems Software Market

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–  Camping Travel Insurance Market

–  Musical Instrument Insurance Market

–  Compulsory Third Party Insurance (CTP) insurance Market

–  One Off Event Insurance Market

–  B2B2C Insurance Market

–  Taxi Insurance Market

–  The global Professional Liability Insurance market is projected to grow from USD 45080 million in 2023 to USD 55100 million by 2029, at a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period.

–  Business Travel Accident Insurance Market

–  The global Juvenile Life Insurance market was valued at USD 74310 million in 2022 and is anticipated to reach USD 157190 million by 2029, witnessing a CAGR of 13.3% during the forecast period 2023-2029.

–  Mobile Phone Insurance Market

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–  The global cyber insurance market size was valued at USD 4,852.19 Million in 2018 and is projected to reach USD 28,602.10 Million by 2026, growing at a CAGR of 24.9% from 2019 to 2026.

–  Wedding and Special Event Insurance Market

–  According to new survey, global Game Developer Insurance market is projected to reach USD 1696.3 million in 2029, increasing from USD 1348 million in 2022, with the CAGR of 3.4% during the period of 2023 to 2029

–  The global Fraud Detection and Prevention (FDP) market size is projected to reach USD 45800 million by 2028, from USD 16390 million in 2021, at a CAGR of 15.3% during 2022-2028.

–  Artificial Intelligence In Insurtech Market

–  Peer to Peer Insurance Market

–  Marine Reinsurance Market

–  The global Reinsurance market size is projected to reach USD 315360 million by 2028, from USD 279860 million in 2021, at a CAGR of 1.7% during 2022-2028.

–  The global travel insurance market size was valued at USD 19.2 Billion in 2019 and is projected to reach USD 39.3 Billion by 2027, growing at a CAGR of 17.4% from 2020 to 2027.

–  The global usage-based insurance market size was valued at D28.7 billion in 2019, and is projected to reach D149.2 billion by 2027, growing at a CAGR of 25.1% from 2020 to 2027.

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–  The global Health Insurance market size is estimated to be worth USD 27890 million in 2022 and is forecast to a readjusted size of USD 138340 million by 2029 with a CAGR of 25.4% during the forecast period 2023-2029.

–  The global Credit Insurance market size is projected to reach USD 14200 Million by 2028, from USD 12260 Million in 2021, at a CAGR of 2.1% during 2022-2028.

–  The global Insurance Telematics market size is projected to reach USD 3556 Million by 2027, from USD 1574.2 Million in 2020, at a CAGR of 11.9% during 2021-2027.

–  The global insurance analytics market size was valued at USD 7.91 billion in 2019, and is projected to reach USD 22.45 billion by 2027, growing at a CAGR of 14.2% from 2020 to 2027.

–  The global commercial insurance market was valued at D692.33 billion in 2020, and is projected to reach D1,613.34 billion by 2030, growing at a CAGR of 9.7% from 2021 to 2030.

–  General Insurance Market Size Global revenue is about USD 7000 Billion USD in 2022 and will reach 8500 Billion USD in 2028, a CAGR of about 3.3%

–  The global Insurance Software market was valued at USD 8781.4 million in 2022 and is anticipated to reach USD 10860 million by 2029, witnessing a CAGR of 3.6% during the forecast period 2023-2029.

–  The global Trade Finance market was valued at USD 8483660 million in 2022 and is anticipated to reach USD 11631260 million by 2029, witnessing a CAGR of 5.4% during the forecast period 2023-2029.

–  The global Payment Processing Solutions market size is projected to reach USD 52060 million by 2027, from USD 33810 million in 2020, at a Compound Annual Growth Rate (CAGR) of 5.9% during 2021-2027.

–  The letter of credit confirmation market was valued at USD 3918.8 million in 2020, and it is anticipated to reach USD 5094.7 million by 2030, registering a CAGR of about 2.72% during the forecast period (2021–2030)

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–  Global Trade Promotion Management and Optimization for the Consumer Goods market is projected to reach USD 1052 million in 2029, increasing from USD 601 million in 2022, with the CAGR of 8.3% during the period of 2023 to 2029.

–  Cryptocurrency Exchanges Market

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ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

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Fintech PR

Protecht launches advanced controls management solution

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SYDNEY, Nov. 25, 2024 /PRNewswire/ — Protecht Group, a global leader in enterprise risk management solutions, has released its innovative controls management solution. This cutting-edge tool empowers organizations to design, implement, and maintain a robust controls framework, streamlining compliance and enhancing operational efficiency.

Protecht’s controls management solution addresses the challenges faced by risk and compliance leaders in managing controls across complex regulatory environments. By integrating controls management into the organization’s broader ERM framework, the solution provides a centralized approach to mitigate risks, achieve compliance, and enable organizations to focus on strategic growth.

As organizations face increasing regulatory pressures, the need for a unified, efficient approach to controls management has never been greater. Many businesses struggle with fragmented processes, duplicated efforts across frameworks, and limited visibility into controls effectiveness. Protecht’s controls management solution simplifies these complexities by providing a single source of truth for controls assurance activities.

Key features of Protecht’s controls management solution

  • Centralized controls library: Offers a single repository for all control data, tailored to align with organizational needs and regulatory frameworks.
  • Simplified control testing: Streamlines the testing process with pre-built templates, automated scheduling, and real-time tracking of progress and results.
  • Framework library: Enables seamless mapping between controls and multiple regulatory standards to eliminate redundancies and simplify compliance efforts.
  • Advanced reporting and dashboards: Provides real-time insights into control effectiveness and areas requiring improvement, ensuring confidence in decision-making and risk management strategies.

“Protecht’s Controls Management solution simplifies the way organizations handle compliance and risk assurance,” says Damien Stevens, Chief Product & Marketing Officer at Protecht. “By integrating controls into the broader enterprise risk framework, we provide our customers with the tools they need to mitigate risks, optimize efficiency, and align their control environments with their strategic objectives.”

Supporting resources

To help organizations maximize the benefits of the new solution, Protecht offers a range of resources, including:

  • Live webinars showcasing the solution’s capabilities for risk and IT professionals alike
  • Product tours showing how the solution lets you solve specific controls-related problems
  • A comprehensive eBook on building effective controls frameworks
  • Opportunities to book a demo and see the solution in action

Find out more and download a brochure at www.protechtgroup.com/solutions/controls-management

About Protecht Group

Headquartered in Sydney, Australia, with offices in London and Los Angeles, Protecht Group provides innovative risk management solutions, including the Protecht ERM platform. Trusted by organizations across government, financial services, education, and other industries, Protecht empowers businesses to manage risk holistically, transitioning from spreadsheets and manual processes to efficient, integrated systems.

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Robert Rahman Joins Dinosaur Group Holdings to Head its New Global Corporate Credit Securities Market Unit in the US, Europe & Asia

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NEW YORK, Nov. 25, 2024 /PRNewswire/ — Dinosaur Financial Group LLC. (DFG), a New York based Investment Firm and Dinosaur Merchant Bank Ltd. (DMBL), a London based Institutional Brokerage announced the joining of Robert Rahman as the Global Head of the newly created Global Corporate Credit Securities (GCCS) unit.

Dinosaur Group’s new GCCS initiative seeks to provide clients with an alternative to the bulge bracket that will not compete with clients and seeks to offer those clients, a partner that can deliver reliable and trustworthy execution capabilities in a difficult liquidity backdrop. Robert’s new unit will complement the firm’s existing global footprint in Fixed Income. 

Robert will oversee the sales, trading, and research business globally for  Corporate Investment Grade, High Yield, Distressed, Stressed, Special Situations, Levered Loans, Re-Org Equities, Trade Claims, Private Credit and Converts within the GCCS unit.

Before Dinosaur, he was the Head of High Yield, Distressed and Loans within the capital markets division of Oppenheimer and Co (OPY) where he worked for the last 16 years. He has also been a senior member of Morgan Stanley’s High Yield sales team and has over 30 years of experience in all aspects of Institutional Credit. Robert started his career as a Credit Analyst within Salmon Brothers revered “Corporate Bond Research” team and at Donaldson, Lufkin & Jenrette’s “Leveraged Finance Research” team.

Announcing his appointment, Glenn Grossman, CEO, Dinosaur Group said, “Robert’s deep client and issuer relationships along with his previous success in leading and building global credit teams will help the group to provide institutional clients with an additional liquidity platform for one stop credit trading across the world. We are very excited to see the new business grow under his leadership.”

Elliot Grossman, Managing Director added, “With Robert’s leadership, the group seeks to help institutional investors by providing capital to help facilitate trades versus being another riskless agency credit shop.”

Speaking about joining the Dinosaur group and his plans for the new business, Robert said, “I was attracted to the group given its established track record of providing client solutions in Fixed Income, globally for the past 25 years. My focus will be to provide institutional investors with an enhanced global liquidity platform for the US, European and Asian markets. I look forward to building this business at DFG.”

He also stated, “Sourcing trading block paper is nuanced and requires deep and long-standing client relationships from the trader, analyst, PM and CIO level. The new team will look to gain Fixed Income clients’ trust, add value and provide liquidity while so many competitors retrench.”

About Dinosaur Group Holdings

Dinosaur Group Holdings (DGH) is the holding company for Dinosaur Financial Group LLC. (DFG), an investment firm registered with the SEC and a member of FINRA and SIPC, Dinosaur Merchant Bank Ltd. (regulated by the FCA) and New York-based SEC-registered investment firm DCM Advisors, LLC.

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Deploying a team of approximately 150 professionals, the overall organization provides global execution services, financing and advisory expertise/insights for equities, fixed income, commodities and derivatives, investment management as well as a suite of investment banking services providing financial solutions and capital markets execution to the middle market client base, both domestically and globally. Clients and counterparties spanning six continents are primarily institutions, family offices, asset managers, hedge funds, and corporations. Dinosaur Group takes pride in the business’ stable management, strong compliance, solid operations, and diverse talent.

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New GitLaw platform makes creating legal documents free and fast

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BIRMINGHAM, England, Nov. 25, 2024 /PRNewswire/ — Each year 32% of small businesses experience a legal issue but only 25% of these are able to access professional help. Of those who did engage lawyers, many had to draw on personal savings just to meet fees. The current legal system is unaffordable with the balance tipped against those without vast financial resources.

GitLaw.co, launching this week, is looking to change that. GitLaw has published hundreds of legal document templates which are entirely free to download or customize through its platform. GitLaw is built by a group of tech entrepreneurs including Nick Holzherr who previously founded Whisk.com, a software platform acquired by Samsung in 2019.

GitLaw’s name is inspired by Git technology and open source software development. This collaborative model allows legal documents to be freely available to use, modify or share, with complete version history transparency. GitLaw’s vision is to create a collaborative open source community for legal documents. GitLaw’s specialized features help users efficiently customize and finalize legal templates. Users can submit templates as well as suggest changes to existing documents, resulting in free community-driven standards for legal documents.

The service is initially targeted at small businesses in the US and UK. “As a startup founder I have first hand experience of having to navigate legal battles without budgets for lawyers and I wish I’d had something like GitLaw – a reliable repository of free legal documents” said Nick Holzherr, one of the founders of GitLaw. “We already have 300 documents that cover key contract types like NDAs (Non Disclosure Agreements), Employment Agreements and Privacy Policies, and we hope the community will continue to provide more documents”. Most of the documents on GitLaw today are created and contributed by reputable law firms, lawyers, investors and organizations.

While the platform targets the 400m global small businesses first, the company has a mission to bring GitLaw to wider audiences. “In the medium term I hope we’ll be able to cover a lot more areas of law like civil law. 
Longer term, I can envision GitLaw being used to support the creation of national laws, enabling citizens to contribute, provide feedback, and transparently track every change made to their legislation.” said Holzherr.

GitLaw is free to use and available at www.gitlaw.co

Pictures available at https://gitlaw.co/press

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