Blockchain in Insurance Market Size 2021
Blockchain in Insurance Market Size is expected to grow at a CAGR of 65.9% over the forecast years (2019 – 2027), as Insurance Behemoths and InsurTech Companies are Venturing to Leverage Blockchain Technology to Prevent Insurance Fraud, Says Absolute Markets Insights.
Global Blockchain in Insurance Market Size is a comprehensive study of the global market and has been recently added by Absolute Markets Insights to its extensive database. Augmented demand for the global market has been increased in the last few years. This informative research report has been scrutinized by using primary and secondary research. The Global Blockchain in Insurance Market Size is a valuable source of reliable data including data of the current market.
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Major Key Players:
Key players operating in the Blockchain in Insurance Market Size are Amazon Web Services, Inc., AUXESIS GROUP, Bitfury Group Limited, Boston Consulting Group, BTL Group Ltd, ChainThat, Circle Internet Financial Limited, CONSENSUS SYSTEMS (Consensys), Deloitte Touche Tohmatsu Limited, Digital Asset Holdings, LLC, Everledger Ltd, Etherparty Inc, Factom, Guardtime, IBM Corporation, iXLedger, KPMG International Cooperative, Microsoft, Oracle, SafeShare, Symbiont.io and Willis Towers Watson amongst others.
Key findings of the report:
Industry-wide collaborations on blockchain are formulating to make insurance use cases a reality. Insurtech startups are developing solutions for insurance companies that reduce fraudulent activities with improved traceability and accountability. For instance, Everledger Ltd is a London-based blockchain solutions provider that offers an immutable ledger for the diamond insurance sector.
The key questions answered in the report:
- What will be the market size and growth rate in the forecast year?
- What are the key factors driving the Global Blockchain in Insurance Market Size?
- What are the risks and challenges in front of the market?
- Who are the key vendors in the Global Blockchain in Insurance Market Size?
- What are the trending factors influencing the market shares?
- What are the key outcomes of Porter’s five forces model?
- Which are the global opportunities for expanding the Global Blockchain in Insurance Market Size?
Applications and Platforms
Infrastructure and Protocols
Blockchain in Insurance Market Size By Application
Identity Management and Fraud Detection
Distribution and Payment Models
Others (GRC Management etc.)
By Organization Size
Small and Medium-Sized Enterprises
By Insurance Type
Property and Casualty Insurance
Others (Travel Insurance, Vehicle Insurance etc.)
Blockchain in Insurance Market Size By Geography
Rest of North America
Rest of Nordic
The Benelux Union
Rest of Europe
Rest of Asia Pacific
Middle East and Africa
Rest of Middle East and Africa
Rest of Latin America
Absolute Markets Insights