Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation

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Insurtech to Represent 8% of Global Insurance Premiums by 2025

1st March 2021: A new study from Juniper Research has found that the total value of premiums generated by insurtech platforms – platforms with technology supporting insurance at the heart of their design – will exceed $556 billion in 2025, from $250 billion in 2020; growing by 123%.

It predicts that insurers in the motor, life, home and health industries risk becoming less attractive to potential customers if they fail to capitalise on the benefits that AI underwriting systems bring.

Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation Brandspurng

The report identified that weakened customer loyalty and the driving down of premiums by increased competition and the shift to digital will cause a seismic change in insurance over the next five years.

It recommends that large insurers focus on using insurtech solutions to improve customer interactions by creating data-driven models or lose market share to newer, digitally-native vendors.

Largest Insurers Ranked on Insurtech Readiness

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The new research, Insurtech: Segment Analysis, Market Evolution & Forecasts 2021-2025, ranked twenty of the largest traditional insurance providers on insurtech innovation, investment and adoption. The top 5 leading vendors were found to be:

1. Ping An
2. Axa
3. Munich Re
4. Humana
5. Allianz

These vendors have developed strategies for leveraging insurtech for their business models and to digitally transform; providing examples of how traditional insurers should capitalise on insurtech. Ping An is set to invest $1 billion per year in insurtech, demonstrating a commitment to the approach.

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Health Insurance Premiums Underwritten by Insurtech to Accelerate

The research found that insurtech will affect health insurance strongly, with the value of premiums underwritten by insurtech growing by over 1,000% between 2020 and 2025; exceeding $95 billion globally in 2025.

The research identified the ability to collect and use customer data through wearables, API calls to electronic health records and digital therapeutics as critical to driving digital transformation. The research recommends that health insurers redesign their user experience to be digital-first, to increase user engagement and loyalty.

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Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

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Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand SpurInsurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand Spur

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Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand SpurInsurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand Spur

Latest News

Hydeout: The Prelude Announces Phase Two of Immersive Digital Music Experience Platform

  • Featuring Charli XCX, Rita Ora, G Eazy, Wiz Khalifa, Tinashe, Kid Laroi, Alison Wonderland, TOKiMONSTA, Zedd, Hardwell, Fedde Le Grand, Armin Van Buren, Slushii, Pixel Terror, Habstrakt, Sullivan King, KTN, Yung Bae, Manila Killa, Bohan Phoenix and More
  • Kicking off April 11 with On Location Monstercat Stream Takeover
  • Purchase Season Pass for all HYDEOUT Phase Two Events and HydeCoins for Individual Show Access: hydeoutworld.com
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SINGAPORE - Media OutReach - 13 April 2021 - Today immersive digital music platform HYDEOUT has announced a star-studded lineup for The Prelude: Phase Two as a continuation of its globally leading programming. Since its January 2021 launch, HYDEOUT's goal has been simple: showcase the industry's most in-demand artists across genres in unique virtual settings while offering a gathering place for music fans around the world. With this ethos at its core, HYDEOUT will kick off Phase Two on April 11 with some of its most impressive shows to date.


From festival mainstages to industry leading studio artists, HYDEOUT's Phase Two programming defies genres and defines culture. Modern pop icons will be on full display with performances from English songstress Charli XCX, new-age America rap royalty G-Eazy and Wiz Khalifa, forward-thinking performer Tinashe and Australian wunderkind Kid Laroi.


Dance music's most famed legends will also take the digital stage with heroic progressive house sets in line from Zedd, Hardwell, Armin Van Buren, and Fedde Le Grand, plus multi-genre throwdowns from global stars TOKiMONSTA and Alison Wonderland. Fans of the heavier end of the electronic spectrum will be treated to a Monstercat takeover to launch phase two featuring an on-location spectacle with Pixel Terror, Habstrakt, Sullivan King and KTN. Manila Killa and Yung Bae will bring their unique indie-electronic stylings to the platform.

Hydeout: The Prelude phase one led the digital event landscape with marquee performances from Rita Ora, Martin Garrix, NGHTMRE, Andrew Rayel, Cosmic Gate, Don Diablo, Nervo, Yellow Claw, Dombresky, Eptic, Flux Pavillion and more. These shows took place across six fully immersive digital environments at The Mirage Stage, futuristic cityscapes of HydeCity, HydeAlley, The Arch and Pandemonium, or tropical worlds of Aqua Sphere and Sanctum. HYDEOUT's unique interactive features like global chat rooms, custom avatars, watch parties and mini games, offers a way forward for artists and fans looking for a deeper sense of connection.

Performance episodes from both phases are available after their premiere as Video on Demand for HYDEOUT Season Pass holders and Pay As You Go users alike. Season Passes allow access to over 40 episodes and all platform features for just $49.99 USD. HYDEOUT users looking to enjoy a handful of shows can opt for a Pay As you Go pass, with which they can gain access using HYDEOUT's own in-platform currency HydeCoins. Individual shows range from the HydeCoin equivalent of $5-$10 USD. Season Passes and HydeCoins are available via – www.hydeoutworld.com


Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand Spur
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- Advertisement -Insurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand SpurInsurtech Platform Premiums to Exceed $556Bn Globally in 2025, as AI Drives Market Transformation - Brand Spur