Global Blockchain In Insurance Market Report 2024

Blockchain In Insurance Global Market Report 2024 – By Component (Solution, Services), By Enterprise Size (Large Enterprises, Small And Medium-sized Enterprises), By Application (Identity Management And Fraud Detection, Claims Management, Payments, Governance Risk And Compliance (GRC) Management, Other Applications), By Sector (Life Insurance, Health Insurance, Title Insurance) – Market Size, Trends, And Global Forecast 2024-2033

Blockchain In Insurance Global Market Report 2024

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Blockchain In Insurance Market Definition

Blockchain in insurance refers to using blockchain technology to enhance various aspects of the insurance industry. Insurers can leverage blockchain to increase operational efficiency, reduce administrative costs, and provide a better customer experience through faster and more accurate service delivery.

The main types of components in blockchain in insurance include solutions and services. Solution refers to the blockchain-based applications, platforms, or systems that enable insurers to manage policies, claims, and other insurance-related processes more efficiently and securely, thus improving overall operational effectiveness and customer satisfaction. The components are used in large enterprises and small and medium-sized enterprises for identity management and fraud detection, claims management, payments, governance risk and compliance (GRC) management, and other applications in end-use sectors such as life insurance, health insurance, and title insurance.

Blockchain In Insurance Market Segmentation

The blockchain in insurance market covered in this report is segmented –

1) By Component: Solution, Services

2) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises

3) By Application: Identity Management And Fraud Detection, Claims Management, Payments, Governance Risk And Compliance (GRC) Management, Other Applications

4) By Sector: Life Insurance, Health Insurance, Title Insurance

Global Blockchain In Insurance Market Size 2023 to 2028: Graph

Blockchain In Insurance Market Size 2024 And Growth Rate

The blockchain in insurance market size has grown exponentially in recent years. It will grow from $1.22 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 59.8%. The growth in the historic period can be attributed to increased fraud prevention, streamlined claims processing, improved data security, enhanced transparency and trust, regulatory compliance, cost reduction, and increased customer satisfaction.

Blockchain In Insurance Market Growth Forecast

The blockchain in insurance market size is expected to see exponential growth in the next few years. It will grow to $12.71 billion in 2028 at a compound annual growth rate (CAGR) of 59.9%. The growth in the forecast period can be attributed to the adoption of smart contracts, integration with IoT devices, the growth of parametric insurance, the expansion of consortiums and partnerships, the evolution of the regulatory landscape, a focus on data privacy and compliance, and increased insurance digitization. Major trends in the forecast period include blockchain interoperability, tokenization of insurance assets, integration with AI and ML, the emergence of decentralized insurance models, the use of oracles for external data integration, blockchain-based identity verification, and the development of privacy-preserving solutions.

Blockchain In Insurance Market Driver: Rising Incidents Of Fraudulent Insurance Claims Fuel Blockchain Adoption

A growing number of fraudulent insurance claims is expected to propel the growth of blockchain in the insurance market going forward. Fraudulent insurance claims refer to dishonest or false claims made by policyholders or beneficiaries to insurance companies in order to obtain financial benefits to which they are not entitled. The increasing number of fraudulent insurance claims can be attributed to economic pressures leading individuals to seek financial gain through dishonest means, the perception that insurance fraud is easy and low-risk, and insufficient detection and investigation measures by insurance companies. Blockchain in insurance helps mitigate fraudulent insurance claims by providing a transparent and immutable ledger of transactions, ensuring that all claims are verified and authenticated through a decentralized consensus mechanism. For instance, in February 2024, according to Allianz Insurance plc, a Germany-based company offering insurance and asset management services, $98.04 million worth of claims fraud was identified in 2023, marking an increase from $89.55 million in 2022. Therefore, a growing number of fraudulent insurance claims is driving the blockchain in the insurance market.

Global Blockchain In Insurance Market Major Players

Major companies operating in the blockchain in insurance market are Microsoft Corporation, Amazon Web Services Inc. (AWS), Accenture plc, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young Global Limited, Oracle Corporation, KPMG International Cooperative, SAP SE, Capgemini SE, Lemonade Inc., R3 LLC, Metromile Inc., OneConnect Financial Technology Co. Ltd., Bitfury Group Limited, Guardtime AS, Insurwave, MetLife Insurance, Symbiont.io Inc., FidentiaX, ChainThat Limited, BTL Group, ConsenSys, Etherisc GmbH, Stratumn SAS, Kaleido Inc., Factom Inc., Auxesis Group, Everledger Ltd.

Global Blockchain In Insurance Market Trend: Blockchain Solutions In International Motor Insurance Claims Is Driving Efficiency

Major companies operating in the blockchain insurance market are focusing on developing technologically advanced software platforms, such as blockchain insurance claims solutions, to enhance transparency and efficiency in claims processing. Blockchain-based claims solutions for motor insurance streamline the claims process by providing a transparent and immutable ledger of transactions. For instance, in October 2021, The Allianz Group, a Germany-based financial services company, launched a blockchain-based solution aimed at streamlining international motor insurance claims across its European subsidiaries. This enterprise blockchain platform enhances the efficiency of claims processing by providing a single source record of decisions for each claim, reducing administration time and costs, and expediting settlements for customers. Leveraging Hyperledger Fabric as the blockchain solution, Allianz processed over 145,000 transactions, supporting more than 10,000 international accident claims, within the first six weeks following the launch. This initiative addresses the complex nature of cross-border insurance claims, facilitating seamless communication and collaboration between multiple entities involved in the claims process.

Blockchain In Insurance Market Merger And Acquisition: XA Group Acquires Addenda Technologies To Revolutionize Motor Claims Recovery In MENA

In February 2022, XA Group (XA), a UAE-based provider of technologically advanced automotive repair solutions, acquired Addenda Technologies Ltd. for an undisclosed amount. With this acquisition, XA Group aims to innovate the claims process and revitalize motor claims recovery in the region. Addenda Technologies Ltd. is a UAE-based blockchain-based insurtech company.

Regional Insights For The Global Blockchain In Insurance Market

North America was the largest region in the blockchain in insurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the blockchain in insurance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The blockchain in insurance market consists of revenues earned by entities by providing services such as secure data management, automated claims processing, fraud detection and prevention, and smart contract implementation. The market value includes the value of related goods sold by the service provider or included within the service offering. The blockchain in insurance market also includes sales of blockchain-based insurance platforms, digital wallets for policy management, secure identity verification tools, and smart contract solutions. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The blockchain in insurance market research report is one of a series of new reports from the business research company that provides blockchain in insurance market statistics, including blockchain in insurance industry global market size, regional shares, competitors with an blockchain in insurance market share, detailed blockchain in insurance market segments, market trends and opportunities, and any further data you may need to thrive in the blockchain in insurance industry. This blockchain in insurance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Blockchain In Insurance Market Report Forecast And Analysis
Report AttributeDetails
Market Size Value In 2024 $1.94 billion
Revenue Forecast In 2033 $12.71 billion
Growth Rate CAGR of 59.9% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Component: Solution; Services
2) By Enterprise Size: Large Enterprises; Small And Medium-sized Enterprises
3) By Application: Identity Management And Fraud Detection; Claims Management; Payments; Governance Risk And Compliance (GRC) Management; Other Applications
4) By Sector: Life Insurance; Health Insurance; Title Insurance
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope The countries covered in the report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Additional countries that can be covered in the report for an additional fee: Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, Mexico, Chile, Argentina, Colombia, Peru, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
Key Companies Profiled Microsoft Corporation, Amazon Web Services Inc. (AWS), Accenture plc, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young Global Limited, Oracle Corporation, KPMG International Cooperative, SAP SE, Capgemini SE, Lemonade Inc., R3 LLC, Metromile Inc., OneConnect Financial Technology Co. Ltd., Bitfury Group Limited, Guardtime AS, Insurwave, MetLife Insurance, Symbiont.io Inc., FidentiaX, ChainThat Limited, BTL Group, ConsenSys, Etherisc GmbH, Stratumn SAS, Kaleido Inc., Factom Inc., Auxesis Group, Everledger Ltd.
Customization ScopeRequest for Sample
Pricing And Purchase OptionsExplore Purchase Options

    Table Of Contents

    1. Executive Summary

    2. Blockchain In Insurance Market Characteristics

    3. Blockchain In Insurance Market Trends And Strategies

    4. Blockchain In Insurance Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On The Market

    4.2. Ukraine-Russia War Impact On The Market

    4.3. COVID-19 Impact On The Market

    5. Global Blockchain In Insurance Market Size and Growth

    5.1. Global Blockchain In Insurance Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Blockchain In Insurance Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Blockchain In Insurance Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Blockchain In Insurance Market Segmentation

    6.1. Global Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Solution

    Services

    6.2. Global Blockchain In Insurance Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Large Enterprises

    Small And Medium-sized Enterprises

    6.3. Global Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Identity Management And Fraud Detection

    Claims Management

    Payments

    Governance Risk And Compliance (GRC) Management

    Other Applications

    6.4. Global Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Life Insurance

    Health Insurance

    Title Insurance

    7. Blockchain In Insurance Market Regional And Country Analysis

    7.1. Global Blockchain In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Blockchain In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Blockchain In Insurance Market

    8.1. Asia-Pacific Blockchain In Insurance Market Overview

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Blockchain In Insurance Market

    9.1. China Blockchain In Insurance Market Overview

    9.2. China Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Blockchain In Insurance Market

    10.1. India Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Blockchain In Insurance Market

    11.1. Japan Blockchain In Insurance Market Overview

    11.2. Japan Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Blockchain In Insurance Market

    12.1. Australia Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Blockchain In Insurance Market

    13.1. Indonesia Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Blockchain In Insurance Market

    14.1. South Korea Blockchain In Insurance Market Overview

    14.2. South Korea Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Blockchain In Insurance Market

    15.1. Western Europe Blockchain In Insurance Market Overview

    15.2. Western Europe Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Blockchain In Insurance Market

    16.1. UK Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Blockchain In Insurance Market

    17.1. Germany Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Blockchain In Insurance Market

    18.1. France Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.2. France Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.3. France Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Blockchain In Insurance Market

    19.1. Italy Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.2. Italy Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.3. Italy Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Blockchain In Insurance Market

    20.1. Spain Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.2. Spain Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.3. Spain Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Blockchain In Insurance Market

    21.1. Eastern Europe Blockchain In Insurance Market Overview

    21.2. Eastern Europe Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Blockchain In Insurance Market

    22.1. Russia Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Blockchain In Insurance Market

    23.1. North America Blockchain In Insurance Market Overview

    23.2. North America Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Blockchain In Insurance Market

    24.1. USA Blockchain In Insurance Market Overview

    24.2. USA Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Blockchain In Insurance Market

    25.1. Canada Blockchain In Insurance Market Overview

    25.2. Canada Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Blockchain In Insurance Market

    26.1. South America Blockchain In Insurance Market Overview

    26.2. South America Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Blockchain In Insurance Market

    27.1. Brazil Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Blockchain In Insurance Market

    28.1. Middle East Blockchain In Insurance Market Overview

    28.2. Middle East Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Blockchain In Insurance Market

    29.1. Africa Blockchain In Insurance Market Overview

    29.2. Africa Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Blockchain In Insurance Market Competitive Landscape And Company Profiles

    30.1. Blockchain In Insurance Market Competitive Landscape

    30.2. Blockchain In Insurance Market Company Profiles

    30.2.1. Microsoft Corporation

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. Amazon Web Services Inc. (AWS)

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Accenture plc

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. International Business Machines Corporation (IBM)

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. Deloitte Touche Tohmatsu Limited

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Blockchain In Insurance Market Other Major And Innovative Companies

    31.1. PricewaterhouseCoopers (PwC)

    31.2. Ernst & Young Global Limited

    31.3. Oracle Corporation

    31.4. KPMG International Cooperative

    31.5. SAP SE

    31.6. Capgemini SE

    31.7. Lemonade Inc.

    31.8. R3 LLC

    31.9. Metromile Inc.

    31.10. OneConnect Financial Technology Co. Ltd.

    31.11. Bitfury Group Limited

    31.12. Guardtime AS

    31.13. Insurwave

    31.14. MetLife Insurance

    31.15. Symbiont.io Inc.

    32. Global Blockchain In Insurance Market Competitive Benchmarking

    33. Global Blockchain In Insurance Market Competitive Dashboard

    34. Key Mergers And Acquisitions In The Blockchain In Insurance Market

    35. Blockchain In Insurance Market Future Outlook and Potential Analysis

    35.1 Blockchain In Insurance Market In 2028 - Countries Offering Most New Opportunities

    35.2 Blockchain In Insurance Market In 2028 - Segments Offering Most New Opportunities

    35.3 Blockchain In Insurance Market In 2028 - Growth Strategies

    35.3.1 Market Trend Based Strategies

    35.3.2 Competitor Strategies

    36. Appendix

    36.1. Abbreviations

    36.2. Currencies

    36.3. Historic And Forecast Inflation Rates

    36.4. Research Inquiries

    36.5. The Business Research Company

    36.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Blockchain In Insurance Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Blockchain In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Blockchain In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Microsoft Corporation Financial Performance
  • Table 76: Amazon Web Services Inc. (AWS) Financial Performance
  • Table 77: Accenture plc Financial Performance
  • Table 78: International Business Machines Corporation (IBM) Financial Performance
  • Table 79: Deloitte Touche Tohmatsu Limited Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Blockchain In Insurance Market, Segmentation By Enterprise Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Blockchain In Insurance Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Blockchain In Insurance Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Blockchain In Insurance Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Blockchain In Insurance Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Blockchain In Insurance Market, Segmentation By Sector, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Microsoft Corporation Financial Performance
  • Figure 76: Amazon Web Services Inc. (AWS) Financial Performance
  • Figure 77: Accenture plc Financial Performance
  • Figure 78: International Business Machines Corporation (IBM) Financial Performance
  • Figure 79: Deloitte Touche Tohmatsu Limited Financial Performance
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Frequently Asked Questions

What is the definition of the Blockchain In Insurance market?

Blockchain in insurance refers to using blockchain technology to enhance various aspects of the insurance industry. Insurers can leverage blockchain to increase operational efficiency, reduce administrative costs, and provide a better customer experience through faster and more accurate service delivery. For further insights on the Blockchain In Insurance market, request a sample here

How will the Blockchain In Insurance market drivers and restraints affect the Blockchain In Insurance market dynamics? What forces will shape the Blockchain In Insurance industry going forward?

The Blockchain In Insurance market major growth driver - Rising Incidents Of Fraudulent Insurance Claims Fuel Blockchain Adoption. For further insights on the Blockchain In Insurance market, request a sample here

What is the forecast market size or the forecast market value of the Blockchain In Insurance market?

The blockchain in insurance market size has grown exponentially in recent years. It will grow from $1.22 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 59.8%. The growth in the historic period can be attributed to increased fraud prevention, streamlined claims processing, improved data security, enhanced transparency and trust, regulatory compliance, cost reduction, and increased customer satisfaction. The blockchain in insurance market size is expected to see exponential growth in the next few years. It will grow to $12.71 billion in 2028 at a compound annual growth rate (CAGR) of 59.9%. The growth in the forecast period can be attributed to the adoption of smart contracts, integration with IoT devices, the growth of parametric insurance, the expansion of consortiums and partnerships, the evolution of the regulatory landscape, a focus on data privacy and compliance, and increased insurance digitization. Major trends in the forecast period include blockchain interoperability, tokenization of insurance assets, integration with AI and ML, the emergence of decentralized insurance models, the use of oracles for external data integration, blockchain-based identity verification, and the development of privacy-preserving solutions. For further insights on the Blockchain In Insurance market, request a sample here

How is the Blockchain In Insurance market segmented?

The Blockchain In Insurance market is segmented
1) By Component: Solution, Services
2) By Enterprise Size: Large Enterprises, Small And Medium-sized Enterprises
3) By Application: Identity Management And Fraud Detection, Claims Management, Payments, Governance Risk And Compliance (GRC) Management, Other Applications
4) By Sector: Life Insurance, Health Insurance, Title InsuranceFor further insights on the Blockchain In Insurance market,
request a sample here

Which region has the largest share of the Blockchain In Insurance market? What are the other regions covered in the report?

North America was the largest region in the blockchain in insurance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the blockchain in insurance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. For further insights on the Blockchain In Insurance market, request a sample here.

Who are the major players in the Blockchain In Insurance market?

Major companies operating in the blockchain in insurance market are Microsoft Corporation, Amazon Web Services Inc. (AWS), Accenture plc, International Business Machines Corporation (IBM), Deloitte Touche Tohmatsu Limited, PricewaterhouseCoopers (PwC), Ernst & Young Global Limited, Oracle Corporation, KPMG International Cooperative, SAP SE, Capgemini SE, Lemonade Inc., R3 LLC, Metromile Inc., OneConnect Financial Technology Co. Ltd., Bitfury Group Limited, Guardtime AS, Insurwave, MetLife Insurance, Symbiont.io Inc., FidentiaX, ChainThat Limited, BTL Group, ConsenSys, Etherisc GmbH, Stratumn SAS, Kaleido Inc., Factom Inc., Auxesis Group, Everledger Ltd. For further insights on the Blockchain In Insurance market, request a sample here.

What are the key trends in the Blockchain In Insurance market?

Major trend in the Blockchain In Insurance market - Blockchain Solutions In International Motor Insurance Claims Is Driving Efficiency. For further insights on the Blockchain In Insurance market, request a sample here.

What are the major opportunities in the Blockchain In Insurance market? What are the strategies for the Blockchain In Insurance market?

For detailed insights on the major opportunities and strategies in the Blockchain In Insurance market, request a sample here.

How does the Blockchain In Insurance market relate to the overall economy and other similar markets?

For detailed insights on Blockchain In Insurance market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the Blockchain In Insurance industry?

For detailed insights on the mergers and acquisitions in the Blockchain In Insurance industry, request a sample here.

What are the key dynamics influencing the Blockchain In Insurance market growth? SWOT analysis of the Blockchain In Insurance market.

For detailed insights on the key dynamics influencing the Blockchain In Insurance market growth and SWOT analysis of the Blockchain In Insurance industry, request a sample here.