Home > > Middle East & Africa And Global Insurtech Market- Size, Share, Growth Rate, and Forecast
The Middle East & Africa Insurtech market was valued at $500.7 Million in 2023, and is projected to reach $716.3 Million by 2030 growing at a CAGR of 5.30% from 2024 to 2030. Health segment is expected to be the highest contributor to this market, with $136.5 Million in 2023, and is anticipated to reach $194.8 by 2030, registering a CAGR of 5.26%. Auto segment is anticipated to reach $112.7 Million by 2030 with the highest CAGR of 5.54%. Health and Travel segments collectively expected to account for about 47.4% share of the Middle East & Africa Insurtech market in 2023, with the former constituting around 27.3% share. Auto and Travel segments are expected to witness significant growth rates at a CAGR of 5.54% and 5.45% respectively, during the forecast period. Presently, share of these two segments is estimated to be around 35.6% in the overall Middle East & Africa Insurtech market in 2023, and is anticipated to reach 36.1% by 2030. Product Auto Health Home Specialty Travel Other Products Service Consulting Support & Maintenance Managed Services BY REGION North America U.s. Canada Mexico Europe Germany France UK Italy Spain Rest of Europe Asia China India Japan Australia South Korea Rest of Asia Middle East & Africa Brazil South Africa GCC Rest of MENA