Market Overview:
The global insurance investigations market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of fraudulent activities and rising demand for investigation services from large, medium, and small insurance companies. The health insurance investigation segment is expected to grow at the highest CAGR during the forecast period. This can be attributed to the increasing incidence of healthcare frauds across the globe. The car insurance investigation segment is projected to account for the second-largest share of the global market in 2018.
Product Definition:
Insurance investigations are the process of investigating a potential insurance claim to determine if it is valid. They are important because they help insurers determine if they need to pay out a claim and how much they should pay.
Health Insurance Investigation:
Health insurance investigation is a process that involves investigating events that took place in the past, to establish whether or not they are covered by the health insurance policy. The main goal of this investigation is to find out if any expenses were paid out of pocket, and/or medical treatment was received without coverage. This includes looking into accidents such as car crash or slip and fall, checking for injuries such as doctor visits or hospitalization, determining if there was a loss due to theft etc.
Car Insurance Investigation:
Car insurance investigation is a service that enables car owners to find the cheapest auto insurance policy for their vehicle. It also helps them compare car insurance policies offered by different companies. The service is provided by online portals and smartphone apps that help users to get the best deal on premiums, based on their driving history and vehicle information.
The global market size was valued at USD 1,19 billion in 2015.
Application Insights:
Large insurance companies held the largest share of over 70.0% in 2017. The large companies have wider resources and manpower, which enables them to carry out complex investigations faster as compared to medium or small insurance companies. Large insurers are also able to obtain information from other sources such as trade associations, government agencies and third-party vendors for further analysis during claim settlement procedures.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of a large number of insurance companies, which are actively involved in making payments for claims related to theft or damage to property caused by hurricanes, floods, earthquakes and other natural calamities. These events trigger a huge demand for insurance policies that help rebuild and repair damaged properties as well as provide financial assistance for medical expenses and lost wages due to death or disability associated with an accident.
Asia Pacific is expected to witness significant growth over the forecast period owing to several factors such as increasing penetration of health insurances due health issues; rising awareness about life & general insurance products; economic development leading towards improved standard of living along with growing disposable income levels among consumers especially millennials who prefer purchasing these types of policies over others because they offer more coverage at lower premium rates than personal loans or credit cards.
Growth Factors:
- Increasing demand for insurance products and services
- Rising awareness about the benefits of insurance investigations
- Proliferation of digital technologies and big data analytics
- Growing number of fraudulent claims and scams
- Stringent government regulations and compliance requirements
Scope Of The Report
Report Attributes
Report Details
Report Title
Insurance Investigations Market Research Report
By Type
Health Insurance Investigation, Car Insurance Investigation, Home Insurance Investigation, Life Insurance Investigation, Others
By Application
Large Insurance Companies, Medium and Small Insurance Companies
By Companies
PJS Investigations Pty Ltd, CoventBridge Group, Corporate Investigative Services, Robertson&Co, ICORP Investigations, Brumell Group, NIS, John Cutter Investigations (JCI), UKPI, Kelmar Global, The Cotswold Group, Tacit Investigations & Security, CSI Investigators Inc, ExamWorks Investigation Services, RGI Solutions, Delta Investigative Services, Verity Consulting, Global Investigative Group, Suzzess
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Insurance Investigations Market Report Segments:
The global Insurance Investigations market is segmented on the basis of:
Types
Health Insurance Investigation, Car Insurance Investigation, Home Insurance Investigation, Life Insurance Investigation, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Large Insurance Companies, Medium and Small Insurance Companies
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- PJS Investigations Pty Ltd
- CoventBridge Group
- Corporate Investigative Services
- Robertson&Co
- ICORP Investigations
- Brumell Group
- NIS
- John Cutter Investigations (JCI)
- UKPI
- Kelmar Global
- The Cotswold Group
- Tacit Investigations & Security
- CSI Investigators Inc
- ExamWorks Investigation Services
- RGI Solutions
- Delta Investigative Services
- Verity Consulting
- Global Investigative Group
- Suzzess
Highlights of The Insurance Investigations Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Health Insurance Investigation
- Car Insurance Investigation
- Home Insurance Investigation
- Life Insurance Investigation
- Others
- By Application:
- Large Insurance Companies
- Medium and Small Insurance Companies
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Insurance Investigations Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Insurance Investigations is a field of law that deals with the investigation of insurance claims. Investigators may be hired by insurance companies to look into whether or not a policyholder has made a claim in accordance with the terms of their policy. Investigators may also be hired by individuals who have been injured as a result of an accident to determine if they are eligible for compensation from the at-fault party's insurance company.
Some of the key players operating in the insurance investigations market are PJS Investigations Pty Ltd, CoventBridge Group, Corporate Investigative Services, Robertson&Co, ICORP Investigations, Brumell Group, NIS, John Cutter Investigations (JCI), UKPI, Kelmar Global, The Cotswold Group, Tacit Investigations & Security, CSI Investigators Inc, ExamWorks Investigation Services, RGI Solutions, Delta Investigative Services, Verity Consulting, Global Investigative Group, Suzzess.
The insurance investigations market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Insurance Investigations Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Insurance Investigations Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Insurance Investigations Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Insurance Investigations Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Insurance Investigations Market Size & Forecast, 2018-2028
4.5.1 Insurance Investigations Market Size and Y-o-Y Growth
4.5.2 Insurance Investigations Market Absolute $ Opportunity
Chapter 5 Global Insurance Investigations Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Insurance Investigations Market Size Forecast by Type
5.2.1 Health Insurance Investigation
5.2.2 Car Insurance Investigation
5.2.3 Home Insurance Investigation
5.2.4 Life Insurance Investigation
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Insurance Investigations Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Insurance Investigations Market Size Forecast by Applications
6.2.1 Large Insurance Companies
6.2.2 Medium and Small Insurance Companies
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Insurance Investigations Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Insurance Investigations Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Insurance Investigations Analysis and Forecast
9.1 Introduction
9.2 North America Insurance Investigations Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Insurance Investigations Market Size Forecast by Type
9.6.1 Health Insurance Investigation
9.6.2 Car Insurance Investigation
9.6.3 Home Insurance Investigation
9.6.4 Life Insurance Investigation
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Insurance Investigations Market Size Forecast by Applications
9.10.1 Large Insurance Companies
9.10.2 Medium and Small Insurance Companies
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Insurance Investigations Analysis and Forecast
10.1 Introduction
10.2 Europe Insurance Investigations Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Insurance Investigations Market Size Forecast by Type
10.6.1 Health Insurance Investigation
10.6.2 Car Insurance Investigation
10.6.3 Home Insurance Investigation
10.6.4 Life Insurance Investigation
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Insurance Investigations Market Size Forecast by Applications
10.10.1 Large Insurance Companies
10.10.2 Medium and Small Insurance Companies
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Insurance Investigations Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Insurance Investigations Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Insurance Investigations Market Size Forecast by Type
11.6.1 Health Insurance Investigation
11.6.2 Car Insurance Investigation
11.6.3 Home Insurance Investigation
11.6.4 Life Insurance Investigation
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Insurance Investigations Market Size Forecast by Applications
11.10.1 Large Insurance Companies
11.10.2 Medium and Small Insurance Companies
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Insurance Investigations Analysis and Forecast
12.1 Introduction
12.2 Latin America Insurance Investigations Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Insurance Investigations Market Size Forecast by Type
12.6.1 Health Insurance Investigation
12.6.2 Car Insurance Investigation
12.6.3 Home Insurance Investigation
12.6.4 Life Insurance Investigation
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Insurance Investigations Market Size Forecast by Applications
12.10.1 Large Insurance Companies
12.10.2 Medium and Small Insurance Companies
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Insurance Investigations Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Insurance Investigations Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Insurance Investigations Market Size Forecast by Type
13.6.1 Health Insurance Investigation
13.6.2 Car Insurance Investigation
13.6.3 Home Insurance Investigation
13.6.4 Life Insurance Investigation
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Insurance Investigations Market Size Forecast by Applications
13.10.1 Large Insurance Companies
13.10.2 Medium and Small Insurance Companies
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Insurance Investigations Market: Competitive Dashboard
14.2 Global Insurance Investigations Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PJS Investigations Pty Ltd
14.3.2 CoventBridge Group
14.3.3 Corporate Investigative Services
14.3.4 Robertson&Co
14.3.5 ICORP Investigations
14.3.6 Brumell Group
14.3.7 NIS
14.3.8 John Cutter Investigations (JCI)
14.3.9 UKPI
14.3.10 Kelmar Global
14.3.11 The Cotswold Group
14.3.12 Tacit Investigations & Security
14.3.13 CSI Investigators Inc
14.3.14 ExamWorks Investigation Services
14.3.15 RGI Solutions
14.3.16 Delta Investigative Services
14.3.17 Verity Consulting
14.3.18 Global Investigative Group
14.3.19 Suzzess
