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Insurtech Market Size, Share and Forecast 2026-2036

The global insurtech market is worth USD 20.7 bn in 2026 and is forecast to reach USD 76.7 bn by 2036, growing at a 14.0% CAGR. United States is the largest country market and Core policy and billing systems is the largest by solution segment.

USD 20.7 bnMarket size 2026
USD 76.7 bnForecast 2036
14.0%CAGR 2026-2036
United StatesLargest country

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5 segmentation views25 countries2026 to 2036 yearly forecast

Market overview

The global insurtech market is worth USD 20.7 bn in 2026 and is forecast to reach USD 76.7 bn by 2036, growing at a 14.0% CAGR. United States is the largest country market and Core policy and billing systems is the largest by solution segment.

ScopeInsurance technology: core policy administration, claims, underwriting, distribution and analytics software and related services sold to insurers, brokers and agents.
IndustryTechnology
Value 2025USD 18.0 bn
Value 2026USD 20.7 bn
Value 2036USD 76.7 bn
CAGR 2026-203614.0%
Volume 2026104 thousand installations
Volume 2036384 thousand installations
Average price 2026USD 200,000 per installation
Report priceStarts from USD 1,999
PublishedNovember 2026

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Insurtech market size and forecast, 2026-2036

Exhibit 1The global insurtech market is forecast to grow from USD 20.7 bn in 2026 to USD 76.7 bn by 2036, more than triplingGlobal market value in USD: 2025 base year, 2026 estimate and forecast to 2036. CAGR 2026 to 2036: 14.0%
Insurtech market value, 2025 to 2036Market value by year. 2025: USD 18.0 bn; 2026: USD 20.7 bn; 2027: USD 23.6 bn; 2028: USD 26.9 bn; 2029: USD 30.7 bn; 2030: USD 35.0 bn; 2031: USD 39.9 bn; 2032: USD 45.4 bn; 2033: USD 51.8 bn; 2034: USD 59.0 bn; 2035: USD 67.3 bn; 2036: USD 76.7 bn. Compound annual growth rate 2026 to 2036: 14.0%.202520.7 bn202639.9 bn203176.7 bn203614.0% CAGR

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

YearMarket value
2026USD 20.7 bn
2027USD 23.6 bn
2028USD 26.9 bn
2029USD 30.7 bn
2030USD 35.0 bn
2031USD 39.9 bn
2032USD 45.4 bn
2033USD 51.8 bn
2034USD 59.0 bn
2035USD 67.3 bn
2036USD 76.7 bn

Insurtech market segmentation

By solution

Exhibit 2Core policy and billing systems is the largest segment by solution, with 30.0% of 2026 revenueEstimated share of 2026 global revenue, by solution
Insurtech market share by solution, 2026Share of 2026 revenue by solution. Core policy and billing systems: 30.0%; Claims management: 24.0%; Underwriting and risk analytics: 18.0%; Distribution and customer engagement: 16.0%; Other solutions: 12.0%.Core policy and billing systems30.0%Claims management24.0%Underwriting and risk analytics18.0%Distribution and customer engagement16.0%Other solutions12.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Core policy and billing systems30.0%24.8%USD 6.2 bn11.9%
Claims management24.0%25.9%USD 5.0 bn14.9%
Underwriting and risk analytics18.0%21.2%USD 3.7 bn15.9%
Distribution and customer engagement16.0%17.3%USD 3.3 bn14.9%
Other solutions12.0%10.9%USD 2.5 bn12.9%

By component

Exhibit 3Software adds the most revenue by component, growing from USD 10.3 bn in 2026 to USD 37.9 bn by 2036Estimated revenue in USD by component, 2026 and 2036 forecast
Insurtech market by component, 2026 and 2036Revenue by component in 2026 and 2036. Software: USD 10.3 bn in 2026, USD 37.9 bn in 2036, change +266%; Implementation services: USD 6.2 bn in 2026, USD 20.8 bn in 2036, change +235%; Managed services: USD 4.1 bn in 2026, USD 18.0 bn in 2036, change +336%.20262036 forecastChangeSoftware+266%10.3 bn37.9 bnImplementation services+235%6.2 bn20.8 bnManaged services+336%4.1 bn18.0 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Software50.0%49.4%USD 10.3 bn13.9%
Implementation services30.0%27.1%USD 6.2 bn12.9%
Managed services20.0%23.5%USD 4.1 bn15.8%

By end user

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Property and casualty insurers42.0%41.1%USD 8.7 bn13.8%
Life and health insurers32.0%28.7%USD 6.6 bn12.8%
Brokers and agents26.0%30.3%USD 5.4 bn15.7%

By deployment

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Cloud62.0%70.0%USD 12.8 bn15.4%
On-premise24.0%16.0%USD 5.0 bn9.5%
Hybrid14.0%14.0%USD 2.9 bn14.0%

By insurance line

SegmentShare 2026Share 2036Value 2026CAGR 2026-36
Property and casualty38.0%36.0%USD 7.9 bn13.4%
Life and annuities24.0%22.0%USD 5.0 bn13.0%
Health26.0%29.0%USD 5.4 bn15.2%
Motor and specialty12.0%13.0%USD 2.5 bn14.9%

Top 25 countries for insurtech by revenue

Countries are ranked by revenue earned from sales in the country, not by where the product is made. The ten largest hold 85.0% of 2026 revenue and the 25 countries below together hold 96.1%.

Exhibit 4United States is the largest country market at USD 8.3 bn in 2026, and the three largest countries hold 56.0% of global revenueEstimated 2026 revenue in USD and share of the global market, ten largest countries
Insurtech market, ten largest countries in 2026Ten largest countries by 2026 revenue. United States: USD 8.3 bn, 40.0%; United Kingdom: USD 1.7 bn, 8.0%; China: USD 1.7 bn, 8.0%; Germany: USD 1.2 bn, 6.0%; Japan: USD 1.0 bn, 5.0%; India: USD 1.0 bn, 5.0%; France: USD 828 mn, 4.0%; Canada: USD 828 mn, 4.0%; Australia: USD 621 mn, 3.0%; Singapore: USD 414 mn, 2.0%.United States8.3 bn 40.0%United Kingdom1.7 bn 8.0%China1.7 bn 8.0%Germany1.2 bn 6.0%Japan1.0 bn 5.0%India1.0 bn 5.0%France828 mn 4.0%Canada828 mn 4.0%Australia621 mn 3.0%Singapore414 mn 2.0%

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

#CountryValue 2026Share 2026Value 2036CAGR 2026-36
1United StatesUSD 8.3 bn40.0%USD 27.5 bn12.8%
2United KingdomUSD 1.7 bn8.0%USD 6.0 bn13.7%
3ChinaUSD 1.7 bn8.0%USD 7.8 bn16.8%
4GermanyUSD 1.2 bn6.0%USD 4.5 bn13.8%
5JapanUSD 1.0 bn5.0%USD 3.1 bn11.8%
6IndiaUSD 1.0 bn5.0%USD 6.3 bn19.8%
7FranceUSD 828 mn4.0%USD 3.0 bn13.7%
8CanadaUSD 828 mn4.0%USD 3.0 bn13.7%
9AustraliaUSD 621 mn3.0%USD 2.2 bn13.6%
10SingaporeUSD 414 mn2.0%USD 1.8 bn15.6%
11IrelandUSD 257 mn1.2%USD 967 mn14.2%
12SwitzerlandUSD 236 mn1.1%USD 798 mn13.0%
13NetherlandsUSD 217 mn1.1%USD 737 mn13.0%
14SpainUSD 201 mn1.0%USD 760 mn14.2%
15ItalyUSD 184 mn0.9%USD 622 mn12.9%
16SwedenUSD 170 mn0.8%USD 576 mn13.0%
17United Arab EmiratesUSD 155 mn0.8%USD 645 mn15.3%
18Hong KongUSD 143 mn0.7%USD 537 mn14.2%
19South KoreaUSD 132 mn0.6%USD 483 mn13.8%
20MexicoUSD 122 mn0.6%USD 506 mn15.3%
21Saudi ArabiaUSD 112 mn0.5%USD 460 mn15.2%
22South AfricaUSD 104 mn0.5%USD 430 mn15.3%
23NigeriaUSD 95 mn0.5%USD 391 mn15.2%
24PolandUSD 87 mn0.4%USD 361 mn15.3%
25IsraelUSD 81 mn0.4%USD 307 mn14.3%
Rest of worldUSD 809 mn3.9%USD 2.9 bn13.4%
Exhibit 5United States and China account for 45% of the USD 56.0 bn the market is forecast to add by 2036Forecast revenue added between 2026 and 2036 by country, in USD
Insurtech market, where the growth to 2036 comes fromRevenue added between 2026 and 2036. Market value 2026: USD 20.7 bn. United States: +USD 19.3 bn; China: +USD 6.2 bn; India: +USD 5.3 bn; United Kingdom: +USD 4.3 bn; Germany: +USD 3.3 bn; 20 other countries: +USD 15.7 bn; Rest of world: +USD 2.0 bn. Market value 2036: USD 76.7 bn.Market value 202620.7 bnUnited States+19.3 bnChina+6.2 bnIndia+5.3 bnUnited Kingdom+4.3 bnGermany+3.3 bn20 other countries+15.7 bnRest of world+2.0 bnMarket value 203676.7 bn

Source: Compare Market Research analysis.
© 2026 Compare Market Research. All rights reserved.

Competitive landscape

Group 1: Global leaders

  • Guidewire
  • Duck Creek
  • Sapiens
  • Majesco
  • Applied Systems
  • Vertafore
  • Oracle

Group 2: Regional and specialist players

  • Insurity
  • Zywave
  • FINEOS
  • Ebix
  • Verisk
  • Origami Risk
  • Earnix
  • Equisoft
  • CCC Intelligent Solutions
  • EIS Group

Group 3: Emerging and niche players

  • Socotra
  • Bolttech
  • Cover Genius
  • Tractable
  • hyperexponential
  • Federato
  • Akur8
  • Hi Marley

Research methodology

Every figure on this page comes from the research framework that we apply to all of the markets we cover. The 2025 base for the insurtech market is built from the volume sold and the price that buyers pay, and is cross-checked against the size of the wider industry the market belongs to. Where a market can be sized in more than one way, the routes are compared before a figure is set.

The forecast runs year by year from the 2025 base to 2036. Growth in each year reflects demand from the industries that buy the product, adoption of new technology, pricing, regulation and replacement cycles. Volume and price are modelled together, so revenue in each year equals volume multiplied by average price. The 2026 to 2036 compound annual growth rate of 14.0% is calculated from the resulting values.

The market is divided by solution, by component, by end user, by deployment, by insurance line. The 25 largest countries are ranked by revenue earned from sales to buyers in each country, not by where the product is made. Segment values and country values add up to the market total in every year, and every report is checked for consistency before it is published.

Companies are placed in three groups: global leaders, regional and specialist players, and emerging and niche players. The groups describe how companies compete in the market. They are not a ranking and they are not market shares.

Our analysts also carry out primary research. Customized reports add interviews with key opinion leaders, such as senior executives, technical specialists and buyers, to test the assumptions behind the numbers for the question being asked.

Read the full research methodology

Frequently asked questions

How big is the insurtech market?

The global insurtech market is estimated at USD 18.0 bn in 2025 and USD 20.7 bn in 2026.

How fast will the insurtech market grow?

It is forecast to reach USD 76.7 bn by 2036, a compound annual growth rate of 14.0% from 2026, an increase of USD 56.0 bn.

Which country is the largest market for insurtech?

United States is the largest market by revenue at USD 8.3 bn in 2026, 40.0% of the global total. The three largest countries together hold 56.0%.

Which country is growing fastest?

Among the ten largest markets, India is growing fastest at 19.8% a year from 2026 to 2036.

Which insurtech segment is largest?

In the by solution split, Core policy and billing systems is the largest segment with 30.0% of 2026 revenue.

Who are the leading insurtech companies?

Global leaders include Guidewire, Duck Creek, Sapiens, Majesco.

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