Digitally Reconfiguring Insurance Operations: Enterprise Adoption, AI Governance, and Growth Pathways in Insurtech (Zenodo (CERN European Organization for Nuclear Research))

Summary

• The global insurtech market was valued at $30.27 billion in 2025 and is projected to reach $254.64 billion by 2030, representing a 53.1% compound annual growth rate.p.1
• The research market analysis period covers 2024 to 2030 across 28 countries, with detailed market share coverage available for 10 companies.p.4
• Shift Technology renewed its strategic collaboration with AXA in March 2026 for 5 years across 15 countries for AI-enabled claims, fraud, and underwriting processes.p.20
• In April 2026, the African Development Bank Group approved a $510,000 grant to Morocco's Insurance and Social Welfare Supervisory Authority to support financial inclusion technologies.p.27
• In June 2026, the African Development Bank Group approved a $125 million equity investment in the African Trade Insurance Agency to expand risk insurance capacity.p.27
• Akur8 expanded its actuarial software ecosystem by acquiring Matrisk in January 2026 and Slope Software in March 2026 to add regulatory search and life and annuity modeling capabilities.p.20

Key insights

1. Next Move Strategy Consulting projects the global insurtech market to expand by more than eight times between 2025 and 2030.p.1
2. Akur8 introduced a Guidewire Marketplace accelerator to integrate its rating engine directly into PolicyCenter via metadata-driven mapping.p.6
3. Akur8 broadened its operational reach from property and casualty pricing into life and annuity actuarial modeling through its acquisition of Slope Software.p.12
4. European supervisory authorities noted under the DORA incident reporting framework that ICT risks are increasingly borderless and interconnected across financial sectors.p.11
5. Shift Technology extended its multi-country enterprise AI partnership with AXA for five years across 15 operating markets.p.20
6. The European Supervisory Authorities supported an ESRB warning in July 2026 regarding systemic cyber risks originating from frontier AI models.p.21