Multiline Insurance – An Emerging Opportunity

The insurance company is regarded as the major business element in our society as it covers personal and business risks. Multiline insurance bundles different risk exposures and covers them under a single contract.

Multiline insurance has obtained adequate fame in recent years. The reason behind multiline insurance getting prominence is that both policyholders and insurance providers are being benefited from it. With multiline insurance, referring to the insurance core system is also obligatory. The insurance core system acts as the backbone of an insurer’s operations.

With the ebook a reader can read about multiline insurance and how the insurance core system has helped insurers to quickly innovate and develop new insurance products.

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Table of Contents:
- Overview
- Major events in Q2 2021
- Insurance Industry Market Map
- Market Watchlist
- a. Insurance core systems
- b. Multiline Insurance
- Emerging Upstart Watchlist
Summary:

Multiline insurance is the emerging player in the insurance market that can bundle different risk exposures and cover them under a single contract. Multiline insurance with the bundle policy lets the insurance policy providers maximize their offerings and make the maximum client retention. Multiline insurance can exactly depict what kind of coverage is indispensable for the customers and the insurers will also have a clear perception of the risks the customers are carrying.
Key Highlights:
- $6.4 Trillion is the expected global insurance market by the end of 2025
- 13.7% Compound Annual Growth Rate for global digital insurance market platform till 2023
- $4.5 Billion total raised from a total of 160 Q2 Venture Capital deals of 2021
- $14.6 Billion total existed from a total of 8 Q2 Venture Capital deals of 2021