保險產業的區塊鏈市場 - 成長,趨勢,及預測(2019年 - 2024年)

Blockchain Market in the Insurance Industry - Growth, Trends, and Forecast (2020 - 2025)

出版商 Mordor Intelligence LLP 商品編碼 871446
出版日期 內容資訊 英文 120 Pages
商品交期: 2-3個工作天內
保險產業的區塊鏈市場 - 成長,趨勢,及預測(2019年 - 2024年) Blockchain Market in the Insurance Industry - Growth, Trends, and Forecast (2020 - 2025)
出版日期: 2020年01月01日內容資訊: 英文 120 Pages




第1章 簡介

  • 研究成果
  • 調查的前提條件
  • 調查範圍

第2章 調查方法

第3章 摘要整理

第4章 市場動態

  • 市場概況
  • 市場成長及阻礙因素的簡介
  • 市場成長要素
    • 在BFSI部門全體的自動化需求高漲
    • 為了削減總持有成本的需求高漲
  • 市場阻礙因素
  • 產業的魅力 - 波特的五力分析
    • 新加入廠商的威脅
    • 買主/消費者談判力
    • 供應商談判力
    • 替代產品的威脅
    • 產業內的競爭
  • 技術概述

第5章 市場區隔

  • 各配置
    • 內部部署
    • 雲端基礎
  • 各類型
    • 公開
    • 非公開
  • 各用途
    • GRC(管治,風險,遵守)管理
    • 智慧契約
    • 財務管理(支付)
    • ID管理與詐欺檢測
    • 死亡和申請的管理
    • 其他的用途
  • 各地區
    • 北美
    • 歐洲
    • 亞太地區
    • 南美
    • 中東及非洲

第6章 競爭情形

  • 企業簡介
    • Microsoft Corporation
    • IBM Corporation
    • Amazon Web Services, Inc.
    • Oracle Corporation
    • SAP SE
    • Chainthat Limited
    • Auxesis Group
    • GuardTime AS
    • Symbiont.io Inc.

第7章 市場機會及今後趨勢

第8章 投資分析


Product Code: 66622

Market Overview

Blockchain Market in the Insurance Industry is expected to register a healthy CAGR of over 57% during the forecast period (2020 - 2025). The number of blockchain applications in insurance is growing every day, and somehow every major player across the sector will be using them in the near future. This will create massive opportunities for the fintech sector, as well as for insurance companies that are willing to embrace the change.

  • Companies are incurring huge loses because of false claims and scams that happen every day in the industry. To overcome issues like this, insurance companies are using technologies like blockchain in their existing workflow. For instance, according to the SAP Digital Transformation Executive Study, banking and insurance executives plan to more than double their investments in blockchain by 2019.
  • The insurance industry is beginning to understand the importance that blockchain technology has evolved and will leverage over the insurance sector due to its security and immutability features.
  • Blockchain offers to be the central repository of truth, using which, underwriters can source data from external sources to automate some aspects of underwriting since the data in the blockchain is trustable and is from a verified source.

Scope of the Report

Within insurance, the claims and finance functions are high-value areas where blockchain could be beneficial, especially when you look at processes that need ongoing reconciliation with external parties. Insurers and customers waste a lot of time verifying their documents and identity. This can be reduced with a blockchain platform that can talk to other blockchain platforms to verify the identity of the user. Various standalone services among the insurance sector such as smart contract, identity management & fraud detection, death and claims management, governance, risk and compliance management are considered under the scope of the market.

Key Market Trends

Smart Contract is Expected to Hold a Significant Market Share

  • Smart contracts powered by a blockchain could provide customers and insurers with the means to manage claims in a transparent, responsive and irrefutable manner where claims-handling could become more efficient and streamlined, resulting for improved customer experience.
  • Contracts and claims could be recorded onto a blockchain and validated by the network, ensuring only valid claims are paid. Smart contracts would also enforce the claims for instance, triggering payments automatically only when certain conditions are met. For instances, smart contracts can be coded to accept feeds from the telematics devices, and in the event of an accident, automatically raise insurance claims & trigger pay-outs. They can also recommend trusted service stations in the vicinity and call for medical assistance should that be deemed necessary.
  • Smart contracts possess capabilities to automate several processes that otherwise require manual intervention. In addition to this, the immutability of data increases reliability and helps make faster and correct decisions.

Asia-Pacific is Expected to be the Fastest Growing Region

  • The emerging economies of the Asia-Pacific region represent an unprecedented opportunity to experiment with low-cost innovation and open regulatory frameworks of blockchain technology across the insurance sector.
  • As the insurers are expected to increasingly leverage on the growing application of IoT for data gathering across the emerging economies, the blockchain-based implementation could increase the efficiency of the overall process to a great extent and will enable insurers to capture sensory information in a secure and tamper-proof method. For instance, ICICI Lombard is using AI in healthcare insurance related claims to identify any fraud. NAy transaction validated and stamped are hard to change and can be verified using AI for real-time settlement.
  • For instance, China, despite the harsh regulations imposed on certain activities related to cryptography, is now advancing on its part with a vision of incorporating blockchain technology in its state plans, and even including it in its thirteenth five-year plan, which consists of a road map of governmental developments from 2016 to 2020.

Competitive Landscape

The blockchain market in the insurance industry is highly concentrated and consolidated with a few major players. In terms of market share, some of the major players currently dominate the market. However, with the advancement in the blockchain technologies along with cloud deployment, new players are increasing their market presence thereby expanding their business footprint across the emerging economies.

  • March 2019 - ChainThat plans to launch a blockchain risk and capital exchange for the insurance and reinsurance market in Bermuda. The exchange will allow broker, reinsurance and insurance companies access to the capital markets using blockchain.
  • November 2018 - The Dutch Judicial Information Service had selected Guardtime's KSI Blockchain technology for integrity assurance of new e-services. The blockchain integration will ensure transparency, auditability, and security of the information processed in government systems.

Reasons to Purchase this report:

  • The market estimate (ME) sheet in Excel format
  • Report customization as per the client's requirements
  • 3 months of analyst support

Table of Contents


  • 1.1 Study Deliverables
  • 1.2 Study Assumptions
  • 1.3 Scope of the Study




  • 4.1 Market Overview
  • 4.2 Introduction to Market Drivers and Restraints
  • 4.3 Market Drivers
    • 4.3.1 Growing Demand of Automation Across the BFSI Sector
    • 4.3.2 Increasing Need for Reducing the Total Cost of Ownership
  • 4.4 Market Restraints
    • 4.4.1 Security Vulnerability of Transection Across the Insurance Platform using Blockchain Technology
    • 4.4.2 Lack of Awareness about Blockchain in the Industry Professionals
  • 4.5 Industry Attractiveness - Porter's Five Force Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry
  • 4.6 Technology Snapshot


  • 5.1 By Deployment
    • 5.1.1 On-premise
    • 5.1.2 Cloud Based
  • 5.2 By Type
    • 5.2.1 Public
    • 5.2.2 Private
  • 5.3 By Application
    • 5.3.1 GRC (Governance, Risk and Compliance) Management
    • 5.3.2 Smart Contract
    • 5.3.3 Financial Management (Payments)
    • 5.3.4 Identity Management & Fraud Detection
    • 5.3.5 Death and Claims Management
    • 5.3.6 Other Applications
  • 5.4 Geography
    • 5.4.1 North America
    • 5.4.2 Europe
    • 5.4.3 Asia-Pacific
    • 5.4.4 Latin America
    • 5.4.5 Middle East & Africa


  • 6.1 Company Profiles
    • 6.1.1 Microsoft Corporation
    • 6.1.2 IBM Corporation
    • 6.1.3 Amazon Web Services, Inc.
    • 6.1.4 Oracle Corporation
    • 6.1.5 SAP SE
    • 6.1.6 Chainthat Limited
    • 6.1.7 Auxesis Group
    • 6.1.8 GuardTime AS
    • 6.1.9 Symbiont.io Inc.