HTF Market Intelligence published a new research document of 150+ pages on On-Demand Insurance Market Insights, to 2030″ with self-explained Tables and charts in a presentable format. In the Study, you will find new evolving Trends, Drivers, Restraints, and Opportunities generated by targeting market-associated stakeholders. The growth of the On-Demand Insurance market was mainly driven by the increasing R&D spending by leading and emerging players, however, the latest scenario and economic slowdown have changed complete market dynamics.
Some of the key players profiled in the study are Slice Insurance Technologies Inc. (United States), VSure.life (India), Xceedance, Inc. (United States), SkyWatch Insurance Services, Inc. (United States), Zuno General Insurance Limited (United Kingdom), JaSure (South Africa), Thimble (United States), JAUNTIN (United States), Cuvva (United Kingdom), Snap-it Cover (Australia),
The Global On-Demand Insurance Market is Anticipated to grow at a CAGR of 21.2% during the forecast period.
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Definition: On-demand insurance refers to a type of insurance policy that offers coverage for a specific duration or for a particular event, as requested by the policyholder. Unlike traditional insurance policies that typically have fixed terms and premiums, on-demand insurance allows individuals or businesses to purchase coverage when needed, for the exact period required, often through digital platforms or mobile apps.
Market Trends:
The emergence of usage-based insurance models leveraging telematics and IoT devices.
Integration of AI and machine learning for personalized pricing and risk assessment.
Market Drivers:
Increasing consumer demand for flexibility and convenience in insurance coverage.
Growth of the sharing economy and gig economy driving the need for short-term and on-demand insurance solutions.
Market Opportunities:
Expansion into new market segments such as travel, event, and pet insurance with on-demand offerings.
Partnership opportunities with technology companies, platform providers, and startups to innovate in insurance distribution.
Market Restraints:
Regulatory challenges and compliance requirements vary across regions and jurisdictions.
Concerns regarding data privacy and security in collecting and analyzing personal information for risk assessment.
Market Leaders & Development Strategies:
On 11th July 2022, Zuno General Insurance Limited introduced SWITCH, the inaugural comprehensive motor insurance product in India available through IRDAI’s Sandbox initiative, enabling on-demand access. SWITCH offers a fully digital motor insurance policy driven by mobile telematics. It automatically activates coverage upon vehicle movement, ensuring a seamless and convenient experience for customers.
The titled segments and sub-sections of the market are illuminated below:
The Study Explore the Product Types of On-Demand Insurance Market: Car Insurance, Home Appliances Insurance, Entertainment Insurance, Contractor Insurance, Electronic Equipment Insurance, Others
Key Applications/end-users of On-Demand Insurance Market: Individuals, Businesses
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With this report, you will learn:
· Who the leading players are in the On-Demand Insurance Market?
· What you should look for in an On-Demand Insurance
· What trends are driving the Market
· About the changing market behaviour over time with a strategic viewpoint to examine competition
Also included in the study are profiles of 15 On-Demand Insurance vendors, pricing charts, financial outlook, swot analysis, product specification &comparisons matrix with recommended steps for evaluating and determining the latest product/service offering.
Who should get the most benefit from this report’s insights?
· Anyone who are directly or indirectly involved in the value chain cycle of this industry and needs to be up to speed on the key players and major trends in the market for On-Demand Insurance
· Marketers and agencies doing their due diligence in selecting On-Demand Insurance for large and enterprise-level organizations
· Analysts and vendors looking for current intelligence about this dynamic marketplace.
· Competition who would like to benchmark and correlate themselves with market position and standings in the current scenario.
Make an enquiry to understand the outline of the study and further possible customization in offering https://www.htfmarketintelligence.com/enquiry-before-buy/global-on-demand-insurance-market?utm_source=Krati_DailyInvestNews&utm_id=Krati
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