U.S. InsurTech Market: Overview & Trends
Market Overview
The U.S. InsurTech market has been experiencing rapid growth, driven by technology adoption and changing consumer expectations. In 2024, the market was valued at approximately $6.8 billion and is projected to reach over $50 billion in 2025. Long-term projections suggest a continued upward trajectory, with the market expected to surpass $168 billion by 2034, reflecting a strong compound annual growth rate.
Key Growth Drivers
Digital TransformationTraditional insurance companies are increasingly embracing digital platforms, enhancing customer experiences and operational efficiency.
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