Global On-Demand Insurance Market Insights 2023, Analysis and Forecast to 2030, By Coverage, End User
- Published Date : 2023-10-24
- Pages : 100
- Report Id : 69274
- Categories : Services
This report describes the global market size of on-demand insurance market from 2018 to 2021 and its CAGR from 2018 to 2021, and also forecasts its market size to the end of 2030 and it is expected to grow with a CAGR of 21.5% from 2023 to 2030.
With on-demand insurance, it is possible to acquire coverage online without having to speak with a broker or a company representative. Utilising their smartphones, consumers may purchase insurance. A huge audience now has easier access to on-demand insurance solutions thanks to rising smartphone usage and internet penetration. Today, insurers can approach prospective clients via internet platforms and mobile apps, simplifying the insurance policy purchase process for consumers. Additionally, the rise in smartphone ownership has sparked the creation of mobile apps that let users buy on-demand insurance plans while on the road. Customers can explore plans, request rates, and buy coverage via mobile devices thanks to the insurance companies' mobile apps.
Due to the COVID-19 pandemic and Russia-Ukraine war influence, the global market for on-demand insurance market estimated at US $ million in the year 2022, is projected to reach a revised size of US$ million by 2030, growing at a CAGR of 21.5% during the forecast period 2023-2030. North American market for on-demand insurance Market is estimated to increase from $million in 2022 to reach $ million by 2030, at a CAGR of XX% during the forecast period of 2023 through 2030.
For geography segment, regional supply, demand, major players, price is presented from 2018 to 2030. This report covers following regions:
North America
Asia-Pacific
Europe
Middle East and Africa
South America
The key countries for each region are also included such as United States, China, Japan, India, Korea, Germany, France, UK, Italy, Spain, and Brazil etc.
For competitor segment, the report includes global key players of on-demand insurance Market as well as some small players. The information for each competitor includes:
Company Profile
Main Business Information
SWOT Analysis
Sales Volume, Revenue, Price and Gross Margin
Market Share
By Coverage
Car Insurance
Home Appliances Insurance
Entertainment Insurance
Contractor Insurance
Electronic Equipment Insurance
Others
In 2022, vehicle insurance had over 23.3% of market revenue. On-demand automobile insurance's customisation and flexibility have helped the industry flourish. On-demand vehicle insurance gives drivers who may not need annual car insurance options. Drivers may pick when and how much coverage they need, making it a good alternative for short-term insurance needs. On-demand vehicle insurance lets drivers choose their coverage. Drivers can choose coverage according on their car, driving history, and preferences.
Electronic equipment insurance is expected to expand rapidly. Laptops, smartphones, and cameras are driving the growth. As electronic gadgets become more significant, insurance coverage for them has increased. On-demand insurance covers electronics quickly and easily.
By End User
Individuals
Businesses
In 2022, business end-users generated approximately 71.5% of global revenue. Because they operate online, on-demand insurance providers can quickly and easily customise products. On-demand insurance companies can adapt policies to business needs, unlike traditional insurers with standardised plans and rigid underwriting. On-demand insurance firms can cover construction and manufacturing equipment. The policy can cover theft, damage, and device failure.
The individual category is projected to grow significantly. On-demand insurers have clearer terms and conditions than traditional insurers. This can help people understand and acquire the coverage they need.
On-demand insurance is commonly sold via smartphone applications or other digital platforms, making it easy to buy. This can save people time and effort compared to traditional insurance, which requires extensive application forms and a more involved underwriting procedure.
By Region
North America
APAC
Europe
South America
Middle East & Africa
North America dominated on-demand insurance in 2022 with over 27.5% revenue share. Leading on-demand insurance companies like Slice Insurance Technologies Inc., SkyWatch Insurance Services, Inc., Xceedance, Inc., and Thimble have helped build the regional market. On-demand insurance firms have grown in North America's competitive insurance sector.
On-demand insurers have capitalised on changing consumer preferences and technical improvements to offer novel products and services. On-demand insurance firms in the region can streamline underwriting and offer more personalised coverage with AI and ML.
Asia Pacific is predicted to increase quickest over the projection period. China and India's fast-growing economies have contributed to the on-demand insurance industry's rise in Asia Pacific. On-demand insurance is in demand as these economies grow. In Asia Pacific, shifting consumer preferences, technological improvements, and government measures to promote financial inclusion are driving on-demand insurance demand.
By Company
Slice Insurance Technologies Inc.
VSure.life
Xceedance, Inc.
SkyWatch Insurance Services, Inc.
Zuno General Insurance Limited
JaSure
Thimble
THIMBLE
Other Key Players
Please ask for sample pages for full companies list
Base Year: 2022
Historical Data: from 2018 to 2021
Forecast Data: from 2023 to 2030
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TABLE OF CONTENTS
1 REPORT OVERVIEW
1.1 MARKET INTRODUCTION
1.2 KEY MARKET SEGMENTS
1.3 PLAYERS COVERED
1.4 MARKET ANALYSIS BY COVERAGE
1.4.1 Global On-Demand Insurance Market Size Growth Rate by Coverage (2018-2030)
1.5 MARKET BY END USER
1.5.1 Global On-Demand Insurance Market Share by End User (2018-2030)
1.6 STUDY OBJECTIVES
1.7 YEARS CONSIDERED
2 GLOBAL GROWTH TRENDS
2.1 GLOBAL ON-DEMAND INSURANCE MARKET SIZE
2.2 REGULATORY FRAMEWORK
2.3 IMPACT OF COVID-19
2.4 RUSSIA-UKRAINE CRISIS IMPLICATIONS
2.5 INDUSTRY TRENDS
2.5.1 Market Top Trends
2.5.2 Market Drivers
2.5.3 Market Restraints
2.5.4 Market Opportunities
2.5.5 Porters Five Forces Analysis
2.5.6 PESTLE Analysis
2.5.7 SWOT Analysis
2.5.8 Opportunity Orbit
2.5.9 Coverage Roadmap
2.5.10 Go to Market Strategy
3 ANALYSIS OF DATA BY COVERAGE, END USER
3.1 GLOBAL ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE (2018-2030)
3.2 GLOBAL ON-DEMAND INSURANCE MARKET SIZE BY END USER (2018-2030)
4 NORTH AMERICA
4.1 NORTH AMERICA ON-DEMAND INSURANCE MARKET (2018-2030)
4.2 NORTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE
4.3 NORTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY END USER
4.4 NORTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY COUNTRY
5 EUROPE
5.1 EUROPE ON-DEMAND INSURANCE MARKET (2018-2030)
5.2 EUROPE ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE
5.3 EUROPE ON-DEMAND INSURANCE MARKET SIZE BY END USER
5.4 EUROPE ON-DEMAND INSURANCE MARKET SIZE BY COUNTRY
6 ASIA PACIFIC
6.1 ASIA PACIFIC ON-DEMAND INSURANCE MARKET (2018-2030)
6.2 ASIA PACIFIC ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE
6.3 ASIA PACIFIC ON-DEMAND INSURANCE MARKET SIZE BY END USER
6.4 ASIA PACIFIC ON-DEMAND INSURANCE MARKET SIZE BY COUNTRY
7 SOUTH AMERICA
7.1 SOUTH AMERICA ON-DEMAND INSURANCE MARKET (2018-2030)
7.2 SOUTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE
7.3 SOUTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY END USER
7.4 SOUTH AMERICA ON-DEMAND INSURANCE MARKET SIZE BY COUNTRY
8 MIDDLE-EAST & AFRICA
8.1 MIDDLE-EAST & AFRICA ON-DEMAND INSURANCE MARKET (2018-2030)
8.2 MIDDLE-EAST & AFRICA ON-DEMAND INSURANCE MARKET SIZE BY COVERAGE
8.3 MIDDLE-EAST & AFRICA ON-DEMAND INSURANCE MARKET SIZE BY END USER
8.4 MIDDLE-EAST AFRICA ON-DEMAND INSURANCE MARKET SIZE BY COUNTRY
9 KEY PLAYERS PROFILES
9.1 Slice Insurance Technologies Inc.
9.1.1 Company Details
9.1.2 Business Overview
9.1.3 Products & Services
9.1.4 Financial Overview (2018-2030)
9.1.5 Recent Development
9.2 VSure.life
9.2.1 Company Details
9.2.2 Business Overview
9.2.3 Products & Services
9.2.4 Financial Overview (2018-2030)
9.2.5 Recent Development
9.3 Xceedance, Inc.
9.3.1 Company Details
9.3.2 Business Overview
9.3.3 Products & Services
9.3.4 Financial Overview (2018-2030)
9.3.5 Recent Development
9.4 SkyWatch Insurance Services, Inc.
9.5 Zuno General Insurance Limited
9.6 JaSure
9.7 Thimble
9.8 JAUNTIN
9.9 Cuvva
9.10 Snap-it Cover
10 MARKET SHARE BY KEY PLAYERS
10.1 ON-DEMAND INSURANCE MARKET SIZE BY PLAYERS
10.1.1 Global On-Demand Insurance Revenue by Players (2021)
10.1.2 Global On-Demand Insurance Revenue Market Share by Players (2021)
10.2 MOST ADOPTED STRATEGIES
10.3 MOST ACTIVE COMPANIES
10.4 MARKET COMPETITION ANALYSIS
11 APPENDIX
11.1 RESEARCH METHODOLOGY
11.2 PRIMARY RESEARCH
11.3 SECONDARY RESEARCH
11.4 DISCLAIMER
LIST OF TABLES
Table 1. On-Demand Insurance Key Players Covered in 2021
Table 2. Global On-Demand Insurance Market Size Growth Rate by Coverage (2018-2030) (Million US$)
Table 3. Global On-Demand Insurance Market Size Growth by End User (2018-2030) (Million US$)
Table 4. Key Trends
Table 5. Key Drivers: Impact Analysis (2018-2030)
Table 6. Key Restraints
Table 7. Global On-Demand Insurance Market Size by Coverage (2018-2030) (Million US$)
Table 8. Global On-Demand Insurance Market Size Share by Coverage (2018-2030)
Table 9. Global On-Demand Insurance Market Size Share by End User (2018-2030)
Table 10. North America On-Demand Insurance Market Size Share by Coverage (2018-2030)
Table 11. North America On-Demand Insurance Market Size by End User (2018-2030) (Million US$)
Table 12. North America On-Demand Insurance Market Size Share by End User (2018-2030)
Table 13. North America On-Demand Insurance Market Size by country (2018-2030) (Million US$)
Table 14. North America On-Demand Insurance Market Share by country (2018-2030)
Table 15. By Country
Table 16. Europe On-Demand Insurance Market Size by Coverage (2018-2030) (Million US$)
Table 17. Europe On-Demand Insurance Market Share by Coverage (2018-2030)
Table 18. Europe On-Demand Insurance Market Size by End User (2018-2030) (Million US$)
Table 19. Europe On-Demand Insurance Market Share by End User (2018-2030)
Table 20. Europe On-Demand Insurance Market Size by country (2018-2030) (Million US$)
Table 21. Europe On-Demand Insurance Market share by country (2018-2030)
Table 22. Asia Pacific On-Demand Insurance Market Size by Coverage (2018-2030) (Million US$)
Table 23. Asia Pacific On-Demand Insurance Market Share by Coverage (2018-2030)
Table 24. Asia Pacific On-Demand Insurance Market Size by End User (2018-2030) (Million US$)
Table 25. Asia Pacific On-Demand Insurance Market Share by End User (2018-2030)
Table 26. APAC On-Demand Insurance Market Size by country (2018-2030) (Million US$)
Table 27. APAC On-Demand Insurance Market share by country (2018-2030)
Table 28. South America On-Demand Insurance Market Size by Coverage (2018-2030) (Million US$)
Table 29. South America On-Demand Insurance Market Share by Coverage (2018-2030)
Table 30. South America On-Demand Insurance Market Size by End User (2018-2030) (Million US$)
Table 31. South America On-Demand Insurance Market Share by End User (2018-2030)
Table 32. South America On-Demand Insurance Market Size by country (2018-2030) (Million US$)
Table 33. South America On-Demand Insurance Market share by country (2018-2030)
Table 34. The Middle-East & Africa On-Demand Insurance Market Size by Coverage (2018-2030) (Million US$)
Table 35. The Middle-East & Africa On-Demand Insurance Market Share by Coverage (2018-2030)
Table 36. The Middle-East & Africa On-Demand Insurance Market Size by End User (2018-2030) (Million US$)
Table 37. The Middle-East & Africa On-Demand Insurance Market Share by End User (2018-2030)
Table 38. The MEA On-Demand Insurance Market Size by country (2018-2030) (Million US$)
Table 39. The MEA On-Demand Insurance Market share by country (2018-2030)
Table 40. Slice Insurance Technologies Inc. Details
Table 41. Business Overview
Table 42. Products & services
Table 43. Financial Overview (2018-2030) (Million US$)
Table 44. Recent Development
Table 45. VSure.life Details
Table 46. Business Overview
Table 47. Products & services
Table 48. Financial Overview (2018-2030) (Million US$)
Table 49. Recent Development
Table 50. Xceedance, Inc. Company Details
Table 51. Business Overview
Table 52. Products & services
Table 53. Financial Overview (2018-2030) (Million US$)
Table 54. Recent Development
Table 55. Global On-Demand Insurance Revenue by Players (2021) (Million US$)
Table 56. Global On-Demand Insurance Market Share by Players (2021)
LIST OF FIGURES
Figure 1. Global On-Demand Insurance Market Share by Coverage in 2021 & 2028
Figure 2. Global On-Demand Insurance Market Share by End User in 2021 & 2028
Figure 3. On-Demand Insurance Report Years Considered
Figure 4. Global On-Demand Insurance Market Size and Growth Rate 2018-2030 (Million US$)
Figure 5. Porter's Five Forces Analysis
Figure 6. Global On-Demand Insurance Market Size by Coverage Growth Rate 2018-2030 (Million US$)
Figure 7. Global On-Demand Insurance Market Size by End User Growth Rate 2018-2030 (Million US$)
Figure 8. North America On-Demand Insurance Market Size 2018-2030 (Million US$)
Figure 9. Europe On-Demand Insurance Market Size 2018-2030 (Million US$)
Figure 10. Asia Pacific On-Demand Insurance Market Size 2018-2030 (Million US$)
Figure 11. South America On-Demand Insurance Market Size 2018-2030 (Million US$)
Figure 12. The Middle-East & Africa On-Demand Insurance Market Size 2018-2030 (Million US$)
Figure 1. Slice Insurance Technologies Inc. Revenue in (2019-2021)
Figure 2. Revenue Growth Rate (2018-2030)
Figure 3. Revenue Growth Rate in (2018-2030)
Figure 4. Global On-Demand Insurance Market Share by Players in 2021
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