Insurance Business has identified InsCipher, an award-wining insurtech company, as a 2024 5-Star Technology and Software Provider. Their 15-week research included interviews and surveys with brokers to understand market trends and highlight leading insurtech companies.
Organizations were analyzed by David Gritz, co-founder and managing director of InsurTech NY, based on the following criteria: ease of use, customer support, global reach, process streamlining, value for money, ease of implementation, and customization. A thorough industry analysis proved that InsCipher is a leader in all of these categories.
At InsCipher, we recognize the importance of developing and maintaining resources that support industry needs. Our continued dedication to crafting innovative solutions is pertinent to the growth of the industry. Through their market analysis, Insurance Business projects that by 2032, the insurtech sector will reach $336.5 billion, with a compound annual growth rate of 41%. In a similar study by Mordor Intelligence, they estimate that the insurtech market value will grow from $8.63 billion in 2024 to $32.47 billion in 2029.
InsCipher is excited about this steep projection and plans to continue to develop solutions that will support the growth of the industry. We are thankful to Insurance Business and our peers who recognize our dedication to simplifying the surplus lines tax market as a whole.
