This report uses the CB Insights TECH Framework to rank P&C claims markets based on current commercial readiness and momentum.
Insurtechs are racing to build leading tech solutions for P&C claims, underscored by a multi-billion-dollar wave of venture funding over the past few years.
Across themes like customer experience and genAI, insurance companies must make the right innovation bets to lower claims costs and stay ahead of the competition.
To help strategy teams prioritize P&C claims markets in their planning decisions, we plotted markets using CB Insights’ TECH framework, which scores markets across 2 dimensions:
- Market maturity — This assesses the commercial readiness of technologies in a given market using 30+ signals including patents, year founded, headcount, and business relationships. Markets on the far left of the X-axis are in early stages of maturity, while those to the far right are already serving a significant share of the total addressable market.
- Startup momentum — Measures private market activity as a signal of the degree of overall market dynamism & growth potential. It is calculated using the average Mosaic score. Signals include number of startups, investor quality, startups’ management team experience, and startups’ financial health.
The degree of market maturity and startup momentum suggests 1 of 4 planning approaches:
- Track: Nascent markets to put on the roadmap.
- Experiment: Newer markets that are gaining traction quickly. Consider for pilots or evaluation.
- Champion: Major markets that are still expanding to new areas. Continue to prioritize.
- Hold: Established markets that are less dynamic. Hold off on immediate action.
For a complete breakdown of these markets — including key signals and placement rationale — download the full report using the left-hand sidebar.
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