Blockchain technology in insurance refers to a decentralised, shared digital distributed ledger that records and provides a historical record of a person's transactions, such as claims, and thus assists insurers in preventing, detecting, and countering frauds. Claims can be managed transparently and responsively with the help of blockchain technology, which is available to both insurers and their customers. New models based on blockchain technology are currently being tested and proven out by insurance companies, beginning with low-risk internal prototypes and pilot projects within their existing infrastructure.

Blockchain technology continues to be a popular topic in both the business world and the news media. Many people have heard of blockchain, but they may not be aware of what it is in its most basic form. Blockchain is a data structure that allows for the creation of a digital ledger of transactions and the ability to share this ledger among a distributed network of computers, according to its most basic definition.

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

This report offers the major market player’s profiles, such as Applied Blockchain (UK), Algorythmix (India), Auxesis Group (India), AWS (US), Bitfury (US), BitPay (US), BlockCypher (US), BTL Group (Canada), Cambridge Blockchain (US), ChainThat (UK), Circle (US), ConsenSys (US), Digital Asset Holdings (US), Earthport (UK), Everledger (UK), Factom (US), Guardtime (Estonia), IBM (US), iXLedger (UK), Microsoft (US), Oracle (US).

The Blockchain in Insurance Market report has been categorized as below

By Provider

  • Application and solution provider

  • Middleware provider

  • Infrastructure and protocols provider

By Application

  • GRC management

  • Death and claims management

  • Identity management and fraud detection

  • Payments

  • Smart contracts

  • Others (content storage management and customer communication)

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)

  • Large enterprises

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

The years considered for the study are as follows:

  • Base year - 2020
  • Estimated year - 2021
  • Projected year – 2022
  • forecast period - 2021 to 2027

Key Questions Addressed by the Report

  • New products/service competitors are exploring?
  • Key players in the Blockchain in Insurance Market and how extreme is the competition?
  • what are the future market trends that manufacturers are emphasizing on in the future updates?
  • For each segment, what are the crucial opportunities in the market?
  • What are the key growth strategies embraced by key market players in the market?
  • What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

  • Obtain comprehensive insights on the Blockchain in Insurance market trends
  • Note comprehensive analysis of the market status
  • identifies the market opportunities and growth segments
  • Assessing business segments & product portfolios, and explain competitive dynamics
  • Provide strategy planning and industry dynamics to strengthen decision making

Report Content

1. Global Blockchain in Insurance Market Introduction 

1.1. Key Insights

1.2. Report Overview

1.3. Markets Covered

1.4. Stakeholders

2. Research Methodology

2.1. Research Scope

2.2. Market Research Process

2.3. Research Data Analysis

2.4. Market Size Estimation

3. Executive Summary 

4. Market Overview

4.1. Introduction

4.2. Market Drivers and Restraints

5. By Provider

5.1.  Application and solution provider

5.2.  Middleware provider

5.3. Infrastructure and protocols provider

6. By Application

6.1. GRC management
6.2. Death and claims management
6.3. Identity management and fraud detection
6.4. Payments
6.5. Smart contracts
6.6. Others (content storage management and customer communication)

7. By Organization Size

7.1. Small and Medium-sized Enterprises (SMEs)
7.2. Large enterprises

8. By Region

8.1. North America
8.2. Europe
8.3. Asia Pacific
8.4. Rest of World

9. Company Profile

(Profile contain company overview, products/services, financials & recent developments)

9.1. Applied Blockchain (UK),

9.2. Algorythmix (India),

9.3. Auxesis Group (India),
9.4. AWS (US), Bitfury (US),
9.5. BitPay (US), BlockCypher (US),
9.6. BTL Group (Canada),

9.7. Cambridge Blockchain (US),

9.8. ChainThat (UK), Circle (US),

9.9. ConsenSys (US),
9.10. Digital Asset Holdings (US),
9.11. Earthport (UK),
9.12. Everledger (UK),
9.13. Factom (US),
9.14. Guardtime (Estonia),
9.15. IBM (US),
9.16. iXLedger (UK),

9.17. Microsoft (US),

9.18. Oracle (US)

The Blockchain in Insurance Market report has been categorized as below

By Provider

  • Application and solution provider

  • Middleware provider

  • Infrastructure and protocols provider

By Application

  • GRC management

  • Death and claims management

  • Identity management and fraud detection

  • Payments

  • Smart contracts

  • Others (content storage management and customer communication)

By Organization Size

  • Small and Medium-sized Enterprises (SMEs)

  • Large enterprises

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

Licence Option

  • Single User 1500 USD
  • Multiple User 3500 USD

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