Global market for peer to peer insurance is forecast to reach $63.2 Billion by 2025
Posted on Jul 6 2020 6:48 AM "The peer to peer insurance market growth is attributed to the factors such as less fraudulent claims, eschewal of traditional brokers, reduced premium or a dividend, backup of traditional insurer, shared responsibility, high degree of transparency and other." The Global market for peer to peer insurance is forecast to reach $63.2 Billion by 2025, growing at a CAGR of x32.6% from 2020 to 2025. The market growth is attributed to the factors such as less fraudulent claims, eschewal of traditional brokers, reduced premium or a dividend, backup of traditional insurer, shared responsibility, high degree of transparency and other. By mode of operation- Segment Analysis Online mode of operation segment held the highest market share of peer to peer insurancein 2019. Moreover, it is anticipated to witness the significant market growth during the forecast period 2020-2025.Purchasing insurance online is easy, quick and typically costs less. The ...