• Cat-intel
  • MedIntelliX
  • Resources
  • About Us
  • English
    Chinese
    French
    Hindi

    Blockchain Insurance Market

    ID: 6484
    200 Pages
    Research Team
    07/2025

    Blockchain in Insurance Market Research Report By Application (Claims Management, Policy Administration, Fraud Detection, Reinsurance, Identity Management), By Deployment Type (Public Blockchain, Private Blockchain, Hybrid Blockchain), By End User (Insurance Companies, Brokers, Reinsurers), By Functionality (Smart Contracts, Asset Management, Data Security) and By Regional (North America, Europ...

    Share:
    ReportInfographic
    $ 4,950.0
    $ 5,950.0
    $ 7,250.0

    Market Summary

    Global Blockchain in Insurance Market Overview

    As per MRFR analysis, the Blockchain in Insurance Market Size was estimated at 2.97 (USD Billion) in 2023. The Blockchain in Insurance Market Industry is expected to grow from 3.72 (USD Billion) in 2024 to 45 (USD Billion) by 2035. The Blockchain in Insurance Market CAGR (growth rate) is expected to be around 25.44% during the forecast period (2025 - 2035)

    Key Blockchain in Insurance Market Trends Highlighted

    Improvements in data security, transparency, and operational efficiency are driving major trends in the blockchain in insurance market. More and more, insurance companies are embracing blockchain technology to simplify underwriting, speed up claims processing, and cut down on fraud. Businesses are increasingly looking into blockchain solutions to meet compliance and regulatory needs, which guarantee the safe recording and easy traceability of transactions. In addition, more and more insurance companies are looking to smart contracts to automate policy execution and claims management, which is influenced by the movement towards decentralized finance (DeFi).

    Collaborations between established insurance companies and tech companies are potential avenues for growth in the worldwide blockchain insurance market. A growing number of insurance companies are exploring partnerships with blockchain firms to create ground-breaking products that will win over customers and earn their trust. Furthermore, blockchain technology has a great chance to provide impoverished countries with more affordable and accessible insurance goods as insurance services expand into emerging markets. Opportunities for customized offers to fulfill varied consumer needs are emerging as a result of the growing worldwide interest in insurtech solutions.

    Many insurers are actively investigating blockchain applications, and there has been a noticeable uptick in pilot projects and use cases across different worldwide areas recently. There has been a change towards cooperative models that use shared blockchain platforms, as shown by initiatives like the Insurwave consortium and other collaborative ventures. Furthermore, as more and more people learn about blockchain's capabilities, companies are starting to see it more as a routine practice than an experimental investment in their defenses against fraud and cyber risks.

    Global Blockchain in Insurance Market Overview

    Blockchain in Insurance Market Drivers

    Increasing Demand for Transparency and Fraud Prevention

    One of the primary drivers of the Blockchain in Insurance Market Industry is the increasing demand for transparency and enhanced fraud prevention mechanisms. A report from the Association of Insurance Companies highlights that fraud accounts for approximately 10% of all claims made annually. This has accentuated the need for technologies that can provide unparalleled transparency and traceability. Organizations such as Allianz and AIG are pioneering blockchain implementations to ensure claims authenticity.

    They are leveraging this technology to create immutable records and automated smart contracts, thus significantly reducing the risk of fraudulent claims. Furthermore, the insurance industry is projected to experience a loss of over USD 40 billion per year due to fraudulent activities, thereby driving insurers to explore blockchain solutions that can mitigate these losses and enhance customer trust.

    Regulatory Support for Technological Advancement

    Government bodies worldwide are increasingly recognizing the potential of technology in transforming the insurance sector. Recent regulatory frameworks introduced by the European Union suggest a supportive environment for blockchain innovations. This regulatory backing encourages established insurers like Zurich Insurance Group and State Farm to invest in blockchain initiatives. The insurance sector's rapid evolution is further evidenced by the establishment of innovation hubs focused on digital transformation, contributing to market growth.

    The push for compliance with data protection regulations, like the General Data Protection Regulation (GDPR), is also fostering the adoption of secure blockchain solutions for storing sensitive customer data. This favorable regulatory landscape is making it easier for organizations to capitalize on blockchain technology, thus propelling the market forward.

    Rising Operational Efficiency and Cost Reduction

    The  Blockchain in Insurance Market Industry is driven by the significant potential of blockchain technology to enhance operational efficiency and reduce costs in insurance processes. Studies indicate that companies can reduce administrative costs by up to 30% by implementing blockchain solutions. Firms like Generali and MetLife are exploring the use of blockchain to streamline operations such as underwriting and claims processing. This shift not only cuts down operational time but also improves the claims settlement process, reducing it from weeks to mere days.

    The increasing demand for efficient processes is vital for insurers aiming to maintain a competitive edge in a dynamic market, thereby significantly contributing to the overall growth of the  Blockchain in Insurance Market.

    Blockchain in Insurance Market Segment Insights

    Blockchain in Insurance Market Application Insights

    The Application segment of the  Blockchain in Insurance Market demonstrates significant potential, contributing notably to the overall market growth. In 2024, the market is projected to achieve a value of approximately 3.72 USD billion, with various applications enhancing operational efficiencies and streamlining processes within the insurance sector. The Claims Management aspect, valued at around 0.95 USD billion in 2024 and expected to rise to 11.5 USD billion by 2035, accounts for a sizeable portion of this market. This segment focuses on the automation of claims processing, which significantly accelerates the resolution timelines while minimizing human error, hence gaining a majority holding in practical applications of blockchain technology within the industry. Another noteworthy application is Policy Administration, which is currently valued at 1.2 USD Billion and is projected to reach 15.0 USD billion by 2035. This area utilizes smart contracts to manage policy issuance and alterations efficiently, which simplifies compliance and enhances operational transparency during the policy lifecycle.

    Additionally, the Fraud Detection application is expected to capture attention, beginning with a valuation of 0.8 USD Billion in 2024, escalating to 10.0 USD billion by 2035. This growth is driven by the rising need for secure and trustworthy transaction environments, where blockchain helps in the real-time verification of transactions, thereby significantly reducing fraudulent activities. The Reinsurance segment, starting at 0.7 USD Billion in 2024 and projected to expand to 9.0 USD Billion by 2035, further showcases the strength of blockchain in facilitating seamless agreements and data sharing between insurers and reinsurers. This streamlining of operations in reinsurance significantly mitigates risk and enhances data accuracy across multiple entities. Lastly, the Identity Management application, though currently smaller with a valuation of 0.1 USD billion, is projected to increase to 1.5 USD billion by 2035, and plays an essential role in ensuring that data shared between parties remains secure and compliant with regulations, thereby bolstering trust in the ecosystem.

    Overall, the various Applications within the  Blockchain in Insurance Market reveal a clear trend toward digitization and security enhancements in insurance processes. Each application plays a vital role in addressing specific challenges faced in the market, demonstrating the diverse capabilities of blockchain technology to positively disrupt traditional practices. As these applications continue to mature, the market statistics reflect an increasing investment and operational emphasis on these innovative solutions, setting a foundation for sustained growth within the  Blockchain in Insurance Market industry.

    Blockchain in Insurance Market Application Insights

    Blockchain in Insurance Market Deployment Type Insights

    The  Blockchain in Insurance Market, valued at 3.72 USD Billion in 2024, is witnessing significant expansion, particularly within the Deployment Type segment, which includes Public Blockchain, Private Blockchain, and Hybrid Blockchain. Public Blockchain is gaining attention for its transparency and accessibility, enabling seamless interactions and collaborations across various stakeholders in the insurance ecosystem, which enhances trust and efficiency. In contrast, Private Blockchain is appealing to enterprises seeking greater control over data privacy and security, making it essential for managing sensitive insurance data.

    Hybrid Blockchain combines elements of both, providing flexibility that allows organizations to leverage the strengths of public and private systems. The importance of these deployment types is evident as they empower insurers to optimize operations, enhance customer experiences, and ensure compliance with regulatory standards. With the overall  Blockchain in Insurance Market expected to reach 45.0 USD Billion by 2035, understanding the nuances of each deployment type will be crucial for stakeholders aiming to capitalize on market growth opportunities in the evolving digital landscape.

    As technology advances, these deployment types will play pivotal roles in reshaping the insurance industry's framework and processes.

    Blockchain in Insurance Market End User Insights

    The  Blockchain in Insurance Market demonstrates substantial growth potential, with the market expected to reach a valuation of 3.72 USD billion by 2024. The market segmentation within the End User category is primarily divided into three main groups: Insurance Companies, Brokers, and Reinsurers. Insurance Companies are increasingly adopting blockchain technology to enhance transparency, improve claims processing speed, and reduce fraudulent activities. Brokers play a critical role in the distribution of insurance products and benefit from blockchain's capabilities to streamline transactions and enhance customer experiences.

    Reinsurers are also finding value in leveraging blockchain for improved risk management and data sharing among multiple parties. The overall market is experiencing a strong growth trajectory, fueled by rising demand for operational efficiencies, regulatory compliance, and enhanced customer trust. As the industry evolves, these segments will contribute significantly to the overall market growth, with Blockchain in Insurance Market statistics reflecting a dynamic shift towards innovative solutions in insurance operations. The continued advancement of blockchain technology presents both opportunities and challenges, emphasizing the need for companies within these segments to stay agile and responsive to market changes.

    Blockchain in Insurance Market Functionality Insights

    The  Blockchain in Insurance Market has shown strong growth in its Functionality segment, projected to reach a market value of 3.72 USD billion in 2024, with significant momentum expected, leading to 45.0 USD billion by 2035. The functionalities within this market, specifically Smart Contracts, Asset Management, and Data Security, play crucial roles in enhancing operational efficiency and security within the insurance sector. Smart Contracts automate policy execution and claims processing, reducing the time and costs involved, which has been widely recognized as a game-changer for claims management.

    Asset Management utilizes the transparent nature of blockchain to accurately track and manage assets, enhancing the reliability of insurance transactions. Data Security remains paramount, as the insurance industry is particularly vulnerable to data breaches, making robust solutions essential for customer trust and regulatory compliance. Overall, these functionalities are key drivers of innovation in the Blockchain in Insurance Market, reflecting shifts towards digital transformations and enhanced operational frameworks across the industry, as supported by growing government initiatives focused on digital economy enhancements.

    Blockchain in Insurance Market Regional Insights

    The  Blockchain in Insurance Market is steadily establishing a strong foundation, especially within the regional segmentation. In 2024, the North America region leads this market with a valuation of 1.5 USD billion and is expected to show significant growth, reaching 18.0 USD billion by 2035, highlighting its dominant role in the industry. Europe follows with a substantial valuation of 1.0 USD billion in 2024, projected to grow to 12.0 USD billion by 2035, showcasing its importance in regulatory advancements and market acceptance. The Asia Pacific region also exhibits notable growth potential, starting at 0.7 USD Billion in 2024 and reaching 8.0 USD Billion in 2035, driven by technological innovations and burgeoning insurance sectors.

    South America, with a valuation of 0.4 USD Billion in 2024 and climbing to 4.0 USD billion in 2035, is beginning to recognize the advantages of blockchain in enhancing operational efficiencies. Meanwhile, the Middle East and Africa, while currently at a modest valuation of 0.12 USD billion in 2024, are expected to grow to 3.0 USD billion by 2035, driven by increasing investments in technology to improve insurance processes. The segregation of the  Blockchain in Insurance Market into these regional categories showcases varied development levels and trends that could significantly shape the industry’s future and its  positioning.

    Blockchain in Insurance Market Regional Insights

    Blockchain in Insurance Market Key Players and Competitive Insights

    The  Blockchain in Insurance Market is rapidly evolving, driven by the need for increased transparency, efficiency, and security within the insurance sector. As traditional insurance models face challenges such as fraud and claims processing delays, blockchain technology presents a promising solution by enabling real-time data sharing and smart contracts that automate processes. This competitive landscape features a variety of key players, each aiming to leverage blockchain to create innovative insurance solutions that meet the changing needs of consumers and businesses. Companies are investing heavily in research and development to not only improve their offerings but also secure a foothold in this dynamic market, fostering competition that encourages rapid technological advancement.

    Insurwave stands out in the  Blockchain in Insurance Market for its focus on maritime insurance, combining blockchain's capabilities with existing insurance frameworks at an unprecedented level of transparency and efficiency. The company utilizes distributed ledger technology to allow real-time monitoring and reporting of risk, which significantly enhances underwriting accuracy and risk assessment. Insurwave's unique proposition lies in its partnerships with major insurance and reinsurance entities, which trust its solutions to streamline operations and enhance data integrity. By addressing the complexities associated with traditional insurance practices, Insurwave continually strengthens its market presence, turning challenges into opportunities and gaining recognition as a key innovator in the field.

    Etherisc has positioned itself as a significant player in the  Blockchain in Insurance Market by offering a decentralized platform for creating insurance products through smart contracts. The company focuses on developing peer-to-peer insurance, enabling users to insure each other directly, thereby reducing costs associated with traditional insurance models. Etherisc's key offerings include flight delay insurance and crop insurance products, exhibiting its ability to tailor solutions to specific market needs. The company has forged various strategic partnerships that bolster its market presence while actively seeking innovation through mergers and acquisitions, which enhance its technological capabilities. As Etherisc continues to expand its portfolio and adapt to changing market demands, it solidifies its role in revolutionizing the insurance industry on a scale.

    Key Companies in the Blockchain in Insurance Market Include

    • Insurwave
    • Etherisc
    • Lemonade
    • Guardtime
    • Foxix
    • IBM
    • Aigang
    • Laka
    • Chaining
    • Claims Consortium
    • Blockchain Insurance Industry Initiative
    • Civic
    • United Insurance
    • Assurely
    • B3i

    Blockchain in Insurance Industry Developments

    The Blockchain in Insurance Market has seen significant developments recently, particularly with Insurwave launching its blockchain-based platform for marine insurance in October 2023, which aims to streamline operations and enhance transparency. Etherisc is also advancing with its decentralized insurance products, attracting interest for its unique approach. Companies like Lemonade continue to innovate with smart contracts aimed at expediting claims processes, contributing to a more customer-centric insurance model.

    In terms of mergers and acquisitions, B3i announced its acquisition of Claims Consortium in September 2023, reinforcing its position in the blockchain insurance sector. Meanwhile, IBM has been collaborating with Guardtime to integrate blockchain technology into claims management systems, improving efficiency and reducing fraud risks.

    In the past few years, notable happenings include the unveiling of blockchain initiatives by Laka and Aigang to transform traditional models, with key developments reported in July 2022 and April 2023, respectively. The growth of these companies highlights the increasing market valuation and the rising interest in blockchain applications in insurance, driving innovation across the sector. Comprehensive governmental frameworks are evolving ly to support these advancements, marking a significant trend in this dynamic market.

    Blockchain In Insurance Market Segmentation Insights

    Blockchain in Insurance Market Application Outlook

    • Claims Management
    • Policy Administration
    • Fraud Detection
    • Reinsurance
    • Identity Managemen 

    Blockchain in Insurance Market Deployment Type Outlook

    • Public Blockchain
    • Private Blockchain
    • Hybrid Blockchain

    Blockchain in Insurance Market End User Outlook

    • Insurance Companies
    • Brokers
    • Reinsurers

    Blockchain in Insurance Market Functionality Outlook

    • Smart Contracts
    • Asset Management
    • Data Security

    Blockchain in Insurance Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Market Size & Forecast

    Report Attribute/Metric

    Details

    Market Size 2023

    2.97 (USD Billion)

    Market Size 2024

    3.72 (USD Billion)

    Market Size 2035

    45.0 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    25.44% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    Insurwave, Etherisc, Lemonade, Guardtime, Foxix, IBM, Aigang, Laka, Chaining, Claims Consortium, Blockchain Insurance Industry Initiative, Civic, United Insurance, Assurely, B3i

    Segments Covered

    Application, Deployment Type, End User, Functionality, Regional

    Key Market Opportunities

    Claims processing automation, Fraud detection enhancement, Data privacy and security, Smart contracts implementation, Customer onboarding efficiency

    Key Market Dynamics

    Decentralization of data management, Enhanced fraud detection techniques, Streamlined claims processing, Improved customer experience, and Cost reduction in operations

    Countries Covered

    North America, Europe, APAC, South America, MEA

    Major Players

    Blockchain in Insurance Market Segmentation

    • Blockchain in Insurance Market By Application (USD Billion, 2019-2035)
      • Claims Management
      • Policy Administration
      • Fraud Detection
      • Reinsurance
      • Identity Management
    • Blockchain in Insurance Market By Deployment Type (USD Billion, 2019-2035)
      • Public Blockchain
      • Private Blockchain
      • Hybrid Blockchain
    • Blockchain in Insurance Market By End User (USD Billion, 2019-2035)
      • Insurance Companies
      • Brokers
      • Reinsurers
    • Blockchain in Insurance Market By Functionality (USD Billion, 2019-2035)
      • Smart Contracts
      • Asset Management
      • Data Security
    • Blockchain in Insurance Market By Regional (USD Billion, 2019-2035)
      • North America
      • Europe
      • South America
      • Asia Pacific
      • Middle East and Africa

    Blockchain in Insurance Market Regional Outlook (USD Billion, 2019-2035)

    • North America Outlook (USD Billion, 2019-2035)
      • North America Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • North America Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • North America Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • North America Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • North America Blockchain in Insurance Market by Regional Type
        • US
        • Canada
      • US Outlook (USD Billion, 2019-2035)
      • US Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • US Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • US Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • US Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • CANADA Outlook (USD Billion, 2019-2035)
      • CANADA Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • CANADA Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • CANADA Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • CANADA Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • Europe Outlook (USD Billion, 2019-2035)
        • Europe Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • Europe Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • Europe Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • Europe Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • Europe Blockchain in Insurance Market by Regional Type
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Spain
          • Rest of Europe
        • GERMANY Outlook (USD Billion, 2019-2035)
        • GERMANY Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • GERMANY Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • GERMANY Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • GERMANY Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • UK Outlook (USD Billion, 2019-2035)
        • UK Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • UK Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • UK Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • UK Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • FRANCE Outlook (USD Billion, 2019-2035)
        • FRANCE Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • FRANCE Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • FRANCE Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • FRANCE Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • RUSSIA Outlook (USD Billion, 2019-2035)
        • RUSSIA Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • RUSSIA Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • RUSSIA Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • RUSSIA Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • ITALY Outlook (USD Billion, 2019-2035)
        • ITALY Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • ITALY Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • ITALY Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • ITALY Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • SPAIN Outlook (USD Billion, 2019-2035)
        • SPAIN Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • SPAIN Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • SPAIN Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • SPAIN Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • REST OF EUROPE Outlook (USD Billion, 2019-2035)
        • REST OF EUROPE Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • REST OF EUROPE Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • REST OF EUROPE Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • REST OF EUROPE Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • APAC Outlook (USD Billion, 2019-2035)
          • APAC Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • APAC Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • APAC Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • APAC Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • APAC Blockchain in Insurance Market by Regional Type
            • China
            • India
            • Japan
            • South Korea
            • Malaysia
            • Thailand
            • Indonesia
            • Rest of APAC
          • CHINA Outlook (USD Billion, 2019-2035)
          • CHINA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • CHINA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • CHINA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • CHINA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • INDIA Outlook (USD Billion, 2019-2035)
          • INDIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • INDIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • INDIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • INDIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • JAPAN Outlook (USD Billion, 2019-2035)
          • JAPAN Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • JAPAN Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • JAPAN Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • JAPAN Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • SOUTH KOREA Outlook (USD Billion, 2019-2035)
          • SOUTH KOREA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • SOUTH KOREA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • SOUTH KOREA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • SOUTH KOREA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • MALAYSIA Outlook (USD Billion, 2019-2035)
          • MALAYSIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • MALAYSIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • MALAYSIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • MALAYSIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • THAILAND Outlook (USD Billion, 2019-2035)
          • THAILAND Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • THAILAND Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • THAILAND Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • THAILAND Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • INDONESIA Outlook (USD Billion, 2019-2035)
          • INDONESIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • INDONESIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • INDONESIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • INDONESIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • REST OF APAC Outlook (USD Billion, 2019-2035)
          • REST OF APAC Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • REST OF APAC Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • REST OF APAC Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • REST OF APAC Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • South America Outlook (USD Billion, 2019-2035)
            • South America Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • South America Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • South America Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • South America Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • South America Blockchain in Insurance Market by Regional Type
              • Brazil
              • Mexico
              • Argentina
              • Rest of South America
            • BRAZIL Outlook (USD Billion, 2019-2035)
            • BRAZIL Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • BRAZIL Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • BRAZIL Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • BRAZIL Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • MEXICO Outlook (USD Billion, 2019-2035)
            • MEXICO Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • MEXICO Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • MEXICO Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • MEXICO Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • ARGENTINA Outlook (USD Billion, 2019-2035)
            • ARGENTINA Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • ARGENTINA Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • ARGENTINA Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • ARGENTINA Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • MEA Outlook (USD Billion, 2019-2035)
              • MEA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • MEA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • MEA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • MEA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • MEA Blockchain in Insurance Market by Regional Type
                • GCC Countries
                • South Africa
                • Rest of MEA
              • GCC COUNTRIES Outlook (USD Billion, 2019-2035)
              • GCC COUNTRIES Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • GCC COUNTRIES Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • GCC COUNTRIES Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • GCC COUNTRIES Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • SOUTH AFRICA Outlook (USD Billion, 2019-2035)
              • SOUTH AFRICA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • SOUTH AFRICA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • SOUTH AFRICA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • SOUTH AFRICA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • REST OF MEA Outlook (USD Billion, 2019-2035)
              • REST OF MEA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • REST OF MEA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • REST OF MEA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • REST OF MEA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security

    Market Trends

    Global Blockchain in Insurance Market Overview

    As per MRFR analysis, the Blockchain in Insurance Market Size was estimated at 2.97 (USD Billion) in 2023. The Blockchain in Insurance Market Industry is expected to grow from 3.72 (USD Billion) in 2024 to 45 (USD Billion) by 2035. The Blockchain in Insurance Market CAGR (growth rate) is expected to be around 25.44% during the forecast period (2025 - 2035)

    Key Blockchain in Insurance Market Trends Highlighted

    Improvements in data security, transparency, and operational efficiency are driving major trends in the blockchain in insurance market. More and more, insurance companies are embracing blockchain technology to simplify underwriting, speed up claims processing, and cut down on fraud. Businesses are increasingly looking into blockchain solutions to meet compliance and regulatory needs, which guarantee the safe recording and easy traceability of transactions. In addition, more and more insurance companies are looking to smart contracts to automate policy execution and claims management, which is influenced by the movement towards decentralized finance (DeFi).

    Collaborations between established insurance companies and tech companies are potential avenues for growth in the worldwide blockchain insurance market. A growing number of insurance companies are exploring partnerships with blockchain firms to create ground-breaking products that will win over cus...

    Market Segment Insights

    Smartphone Sensors Smartphone Type Insights

    The Smartphone Sensors market segmentation, based on smartphone type, includes standard smartphone, rugged smartphone, smartwatches, and other wearable. The standard smartphone segment dominated the market, accounting for the maximum market revenue. A smartphone is a mobile phone with a built-in computer and advanced features, such as web browsing and operating system, which are not associated with its counterpart. The rising mobile internet use, rising disposable income in developing countries, and high ownership of premium design smartphones are a few factors that are anticipated to grow smartphone sales. Smartphones are helped by a mobile operating system that offers advanced computing facilities. A smartphone can also work as a digital media player for uploading photos, videos, and music through a single interface.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Manufacturer Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Application Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Regional Insights

    The Smartphone Sensors market segmentation, based on the manufacturer, includes Apple Inc., Samsung Electronics, Huawei Technology, Xiaomi Inc., Oppo, Sony Corporation, HMD Global, and others. The Apple Inc. segment generated the most revenue due to its superior quality. Apple’s iPhone stands out over all other smartphones in the market. Apple Inc. is the market leader because they use more sensors in their devices to provide unique features. For Instance: Apple’s iPhone 12 uses a lidar for depth sensing, proximity for 3D touch, a gyroscope for compass, GPS, face ID for biometrics, auto-off, a barometer, a magnetometer for compass & GPS, and an ambient light sensor for auto-dimming displays. The better user experience, increased accessibility, and more security these sensors offer consumers to boost the segment‘s growth.

    Smartphone Sensors Market, By Device Type Outlook, 2024 & 2035

    Smartphone Sensors Price Insights

    The Smartphone Sensors market segmentation, based on price, includes USD 300 to USD 500, USD 100 to USD 300, above USD 500, and under USD 100. The USD 300 to USD 500 segment dominated the market revenue in the projected period. Most smartphones sold in medium-end devices have a sensor within this range. For instance: Nubia launched a new flagship Android device powered by the latest Snapdragon 8Gen 2CPU. The OEM has also specified that this gadget, which peculiarly seems to go by the name Z50 even though its processor was the z40 Pro, will compete with the Xiaomi 13 and iQOO11 series with cutting-edge LPDDR5X RAM and storage with the most recent UFS 4.0 spec.

    Get more detailed insights about Blockchain Insurance Market

    Key Players and Competitive Insights

    Leading market players are investing heavily in research and development to expand their product lines, which will help the Smartphone Sensors market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and growing market climate, the Smartphone Sensors industry must offer cost-effective items.

    Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the Smartphone Sensors industry to benefit clients and increase the market sector. In recent years, the Smartphone Sensors industry has offered manufacturers some of the most significant advantages. Major players in the Smartphone Sensors market, including MS AG (Austria), Broadcom Inc. (US), DYNA IMAGE Corporation (China), Murata Electronics Oy (Finland), NEXT Biometrics Group ASA (Norway), Omron Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan)., and others, are attempting to increase market demand by investing in research and development operations.

    Samsung is dedicated to abiding by local laws and regulations and enforcing a strict code of conduct for all employees. Samsung adheres to a straightforward business tent: to usage its technology and expertise to develop top-notch goods and services that make a more cultured world. Samsung provides a high importance on its people and technologies to do this. For Instance: In January 2023, Samsung Electronics launched its new MICRO LED, Neo QLED, and Samsung OLED product lines, along with lifestyle products and accessories, before CES® 2023.

    Apple Inc. is a multinational American technology business with its main office in Cupertino, California. According to revenue, Apple will be the top technological business in the world in 2022, with US $ 394.3 billion in sales. According to market capitalization, Apple is the largest corporation in the world as of March 2023. For Instance: In September 2022, the iPhone 14 and iPhone 14 Plus, which come in two sizes, 6.1 and 6.7 inches and include a smart design, camera upgrades, and game-changing new safety measures, were introduced by Apple. The iPhone 14 and iPhone 14 Plus have a powerful camera system that incorporates the primary and front TrueDepth cameras, the Ultra Wide camera for uncommon perspectives, and the photonic engine, an enhanced picture pipeline.

    Key Companies in the Smartphone Sensors market include

    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)
    MS AG (Austria)

    Industry Developments

    • September 2022: Comcast and Samsung Electronics announced their partnership to create 5G Radio Access Network (RAN) technologies to enhance 5G connection for Xfinity Mobile and Comcast Business Mobile users in Comcast service zones. Samsung will provide 5G RAN technology, and Comcast will deploy Citizens Broadband Radio Service (CBRS) and 600 MHz spectrum to provide 5G access to consumer and business users in the US.
    • October 2022: Huawei announced the release of the newest antenna solutions, including the Maxwell platform and the X2 antenna series, for the subsequent 5G antenna innovation stage. The new technologies speed up 5G deployment by improving antenna and setup capabilities.

    Market Segmentation

    Smartphone Type Outlook

    • Standard Smartphone
    • Rugged Smartphone
    • Smartwatches
    • Other Wearable

    Price Outlook

    • USD 300 to USD 500
    • USD 100 to USD 300
    • Above USD 500
    • Under USD 100

    Manufacturer Outlook

    • Apple Inc.
    • Samsung Electronics
    • Huawei Technology
    • Xiaomi Inc.
    • Oppo
    • Sony Corporation
    • HMD Global

    Application Outlook

    • High-Level
    • Mid-Level
    • Low-Level

    Manufacturer Outlook

    North America
    • US
    • Canada
    Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
    Asia-Pacific
    • China
    • Japan
    • India
    • Italy
    • Australia
    • South Korea
    • Rest of Asia-Pacific
    Rest of the World
    • Middle East
    • Africa
    • Latin America

    Report Scope

    Report Attribute/Metric

    Details

    Market Size 2023

    2.97 (USD Billion)

    Market Size 2024

    3.72 (USD Billion)

    Market Size 2035

    45.0 (USD Billion)

    Compound Annual Growth Rate (CAGR)

    25.44% (2025 - 2035)

    Report Coverage

    Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

    Base Year

    2024

    Market Forecast Period

    2025 - 2035

    Historical Data

    2019 - 2024

    Market Forecast Units

    USD Billion

    Key Companies Profiled

    Insurwave, Etherisc, Lemonade, Guardtime, Foxix, IBM, Aigang, Laka, Chaining, Claims Consortium, Blockchain Insurance Industry Initiative, Civic, United Insurance, Assurely, B3i

    Segments Covered

    Application, Deployment Type, End User, Functionality, Regional

    Key Market Opportunities

    Claims processing automation, Fraud detection enhancement, Data privacy and security, Smart contracts implementation, Customer onboarding efficiency

    Key Market Dynamics

    Decentralization of data management, Enhanced fraud detection techniques, Streamlined claims processing, Improved customer experience, and Cost reduction in operations

    Countries Covered

    North America, Europe, APAC, South America, MEA

    Market Highlights

    Author

    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

    Leave a Comment

    Latest Comments

    John Doe
    john@example.com

    This is a great article! Really helped me understand the topic better.

    Posted on July 23, 2025, 10:15 AM
    Jane Smith
    jane@domain.com

    Thanks for sharing this. I’ve bookmarked it for later reference.

    Posted on July 22, 2025, 7:45 PM

    FAQs

    What growth rate can be attained by the market in the coming years?

    The market can attain a growth rate of 69.72% in the coming years.

    What is expected to be the market size by 2024?

    The market can attain a valuation of USD 1.42 Billion by 2024.

    Who are the top players in the global market, as listed in the report?

    The main companies in the market are Ixledger, Consensys, IBM Corporation, SAP SE, Blockcypher, Earthport, Circle, BTL Group, Applied Blockchain, Digital Asset Holdings, Factom, Auxesis Group, Bitpay, Microsoft Corporation, Bitfury, Oracle Inc., Everledger, Guardtime, Symbiont, Cambridge Blockchain, Chainthat Limited, Algorythmix, Safeshare Global, AWS, Recordskeeper, and others.

    What are the blockchain types covered in the report?

    Depending on the blockchain type, the market has been considered for private blockchain, consortium or federated blockchain as well as public blockchain.

    The market is dominated by which region?

    The market is dominated by North America.

    1. (% SHARE)
    2. TO 2035 (USD Billions)

    Blockchain in Insurance Market Segmentation

    • Blockchain in Insurance Market By Application (USD Billion, 2019-2035)
      • Claims Management
      • Policy Administration
      • Fraud Detection
      • Reinsurance
      • Identity Management
    • Blockchain in Insurance Market By Deployment Type (USD Billion, 2019-2035)
      • Public Blockchain
      • Private Blockchain
      • Hybrid Blockchain
    • Blockchain in Insurance Market By End User (USD Billion, 2019-2035)
      • Insurance Companies
      • Brokers
      • Reinsurers
    • Blockchain in Insurance Market By Functionality (USD Billion, 2019-2035)
      • Smart Contracts
      • Asset Management
      • Data Security
    • Blockchain in Insurance Market By Regional (USD Billion, 2019-2035)
      • North America
      • Europe
      • South America
      • Asia Pacific
      • Middle East and Africa

    Blockchain in Insurance Market Regional Outlook (USD Billion, 2019-2035)

    • North America Outlook (USD Billion, 2019-2035)
      • North America Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • North America Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • North America Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • North America Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • North America Blockchain in Insurance Market by Regional Type
        • US
        • Canada
      • US Outlook (USD Billion, 2019-2035)
      • US Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • US Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • US Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • US Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • CANADA Outlook (USD Billion, 2019-2035)
      • CANADA Blockchain in Insurance Market by Application Type
        • Claims Management
        • Policy Administration
        • Fraud Detection
        • Reinsurance
        • Identity Management
      • CANADA Blockchain in Insurance Market by Deployment Type
        • Public Blockchain
        • Private Blockchain
        • Hybrid Blockchain
      • CANADA Blockchain in Insurance Market by End User Type
        • Insurance Companies
        • Brokers
        • Reinsurers
      • CANADA Blockchain in Insurance Market by Functionality Type
        • Smart Contracts
        • Asset Management
        • Data Security
      • Europe Outlook (USD Billion, 2019-2035)
        • Europe Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • Europe Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • Europe Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • Europe Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • Europe Blockchain in Insurance Market by Regional Type
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Spain
          • Rest of Europe
        • GERMANY Outlook (USD Billion, 2019-2035)
        • GERMANY Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • GERMANY Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • GERMANY Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • GERMANY Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • UK Outlook (USD Billion, 2019-2035)
        • UK Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • UK Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • UK Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • UK Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • FRANCE Outlook (USD Billion, 2019-2035)
        • FRANCE Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • FRANCE Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • FRANCE Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • FRANCE Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • RUSSIA Outlook (USD Billion, 2019-2035)
        • RUSSIA Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • RUSSIA Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • RUSSIA Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • RUSSIA Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • ITALY Outlook (USD Billion, 2019-2035)
        • ITALY Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • ITALY Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • ITALY Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • ITALY Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • SPAIN Outlook (USD Billion, 2019-2035)
        • SPAIN Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • SPAIN Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • SPAIN Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • SPAIN Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • REST OF EUROPE Outlook (USD Billion, 2019-2035)
        • REST OF EUROPE Blockchain in Insurance Market by Application Type
          • Claims Management
          • Policy Administration
          • Fraud Detection
          • Reinsurance
          • Identity Management
        • REST OF EUROPE Blockchain in Insurance Market by Deployment Type
          • Public Blockchain
          • Private Blockchain
          • Hybrid Blockchain
        • REST OF EUROPE Blockchain in Insurance Market by End User Type
          • Insurance Companies
          • Brokers
          • Reinsurers
        • REST OF EUROPE Blockchain in Insurance Market by Functionality Type
          • Smart Contracts
          • Asset Management
          • Data Security
        • APAC Outlook (USD Billion, 2019-2035)
          • APAC Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • APAC Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • APAC Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • APAC Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • APAC Blockchain in Insurance Market by Regional Type
            • China
            • India
            • Japan
            • South Korea
            • Malaysia
            • Thailand
            • Indonesia
            • Rest of APAC
          • CHINA Outlook (USD Billion, 2019-2035)
          • CHINA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • CHINA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • CHINA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • CHINA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • INDIA Outlook (USD Billion, 2019-2035)
          • INDIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • INDIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • INDIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • INDIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • JAPAN Outlook (USD Billion, 2019-2035)
          • JAPAN Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • JAPAN Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • JAPAN Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • JAPAN Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • SOUTH KOREA Outlook (USD Billion, 2019-2035)
          • SOUTH KOREA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • SOUTH KOREA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • SOUTH KOREA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • SOUTH KOREA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • MALAYSIA Outlook (USD Billion, 2019-2035)
          • MALAYSIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • MALAYSIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • MALAYSIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • MALAYSIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • THAILAND Outlook (USD Billion, 2019-2035)
          • THAILAND Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • THAILAND Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • THAILAND Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • THAILAND Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • INDONESIA Outlook (USD Billion, 2019-2035)
          • INDONESIA Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • INDONESIA Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • INDONESIA Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • INDONESIA Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • REST OF APAC Outlook (USD Billion, 2019-2035)
          • REST OF APAC Blockchain in Insurance Market by Application Type
            • Claims Management
            • Policy Administration
            • Fraud Detection
            • Reinsurance
            • Identity Management
          • REST OF APAC Blockchain in Insurance Market by Deployment Type
            • Public Blockchain
            • Private Blockchain
            • Hybrid Blockchain
          • REST OF APAC Blockchain in Insurance Market by End User Type
            • Insurance Companies
            • Brokers
            • Reinsurers
          • REST OF APAC Blockchain in Insurance Market by Functionality Type
            • Smart Contracts
            • Asset Management
            • Data Security
          • South America Outlook (USD Billion, 2019-2035)
            • South America Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • South America Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • South America Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • South America Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • South America Blockchain in Insurance Market by Regional Type
              • Brazil
              • Mexico
              • Argentina
              • Rest of South America
            • BRAZIL Outlook (USD Billion, 2019-2035)
            • BRAZIL Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • BRAZIL Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • BRAZIL Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • BRAZIL Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • MEXICO Outlook (USD Billion, 2019-2035)
            • MEXICO Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • MEXICO Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • MEXICO Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • MEXICO Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • ARGENTINA Outlook (USD Billion, 2019-2035)
            • ARGENTINA Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • ARGENTINA Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • ARGENTINA Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • ARGENTINA Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • REST OF SOUTH AMERICA Outlook (USD Billion, 2019-2035)
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Application Type
              • Claims Management
              • Policy Administration
              • Fraud Detection
              • Reinsurance
              • Identity Management
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Deployment Type
              • Public Blockchain
              • Private Blockchain
              • Hybrid Blockchain
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by End User Type
              • Insurance Companies
              • Brokers
              • Reinsurers
            • REST OF SOUTH AMERICA Blockchain in Insurance Market by Functionality Type
              • Smart Contracts
              • Asset Management
              • Data Security
            • MEA Outlook (USD Billion, 2019-2035)
              • MEA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • MEA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • MEA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • MEA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • MEA Blockchain in Insurance Market by Regional Type
                • GCC Countries
                • South Africa
                • Rest of MEA
              • GCC COUNTRIES Outlook (USD Billion, 2019-2035)
              • GCC COUNTRIES Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • GCC COUNTRIES Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • GCC COUNTRIES Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • GCC COUNTRIES Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • SOUTH AFRICA Outlook (USD Billion, 2019-2035)
              • SOUTH AFRICA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • SOUTH AFRICA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • SOUTH AFRICA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • SOUTH AFRICA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
              • REST OF MEA Outlook (USD Billion, 2019-2035)
              • REST OF MEA Blockchain in Insurance Market by Application Type
                • Claims Management
                • Policy Administration
                • Fraud Detection
                • Reinsurance
                • Identity Management
              • REST OF MEA Blockchain in Insurance Market by Deployment Type
                • Public Blockchain
                • Private Blockchain
                • Hybrid Blockchain
              • REST OF MEA Blockchain in Insurance Market by End User Type
                • Insurance Companies
                • Brokers
                • Reinsurers
              • REST OF MEA Blockchain in Insurance Market by Functionality Type
                • Smart Contracts
                • Asset Management
                • Data Security
    Infographic

    Free Sample Request

    Kindly complete the form below to receive a free sample of this Report

    Customer Strories

    “I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.”

    Jongwon Byun

    Director, Research Operations
    Case Study

    Smartphone Motherboard Parts Manufacturing Research