Dublin, June 30, 2021 (GLOBE NEWSWIRE) – The “Digital Insurance Market in the United States: Insights, Trends and Forecasts with Potential Impact of COVID-19 (2021-2025)” the report was added to ResearchAndMarkets.com offer.
The revenue of the US digital insurance market is expected to reach US $ 23.92 billion in 2025, growing at a CAGR of 20.7% for the period 2021 to 2025.
Factors such as rapid urbanization, growing number of smartphone users, increasing healthcare spending, and improving consumer confidence index are expected to drive the market growth.
However, the growth of the industry would be called into question by an increase in competitive pressure and risks related to technological infrastructures. Some notable trends include strong adoption of the Internet of Things (IoT), the emergence of digital document management, and the growth of artificial intelligence (AI) service applications.
In 2020, the outbreak of the COVID-19 pandemic created a favorable impact on the market as the purchasing of insurance policies by the population increased rapidly.
The US digital insurance market by application is segmented into healthcare, auto, life, and home. Among them, healthcare held the largest share of industry revenue due to the growing prevalence of disorders across the country.
The growing number of households, the increase in government initiatives, the increase in accidents and man-made disasters, the improvement of consumer confidence in the digital insurance industry and the acceleration of purchases personal automobiles are supporting the growth of the market.
Scope of the report:
- The report provides a comprehensive analysis of the US digital insurance market, segmented into functions (commission and advertising) and applications (healthcare, auto, life and home).
- Market dynamics such as growth drivers, market trends and challenges are analyzed in depth.
- The competitive landscape of the market, along with the company profiles of major players namely LendingTree, Inc., GoHealth, Inc., MediaAlpha, Inc., eHealth, Inc., EverQuote, Inc. and Digital Media Solutions, Inc. are also presented. in detail.
Main topics covered:
1. Market overview
1.2 Digital vs traditional insurance
2. Impact of COVID-19
2.2 Impact on digital insurance aggregators
3. Analysis of the digital insurance market in the United States
3.1 The Market Value of Digital Insurance in the United States
3.2 The United States Digital Insurance Market Value Forecast
3.3 The United States Digital Insurance Market Value by Functions
3.4 United States Digital Insurance Market Value by Applications
4. Market dynamics
4.1 Growth drivers
4.1.1 Rapid urbanization
4.1.2 Growth of smartphone users
4.1.3 Increase in health spending
4.1.4 Improvement of the consumer confidence index
4.2 Key trends and developments
4.2.1 High adoption of Internet of Things (IoT)
4.2.2 Emergence of digital document management
4.2.3 Growth of Artificial Intelligence (AI) Service Applications
4.3.1 Increased competitive pressure
4.3.2 Risk related to technological infrastructures
5. Competitive landscape
5.1 The US digital insurance market
5.1.1 Key players – Income comparison
5.1.2 Key players – Market capitalization comparison
6. Company profiles
6.1 LendingTree, Inc.
6.1.1 Company Overview
6.1.2 Financial overview
6.1.3 Business strategies
6.2 GoHealth, Inc.
6.3 MediaAlpha, Inc.
6.4 eHealth, Inc.
6.5 EverQuote, Inc.
6.6 Digital Media Solutions, Inc.
For more information on this report, visit https://www.researchandmarkets.com/r/dm20ta