Who are the key players in Europe Insurance in Connected Devices industry?

The top five players in the Europe Insurance in Connected Devices industry are Allianz, AXA, Zurich Insurance Group, Generali, and Assurant. These firms lead the market by offering tailored insurance products for smart devices and IoT, leveraging advanced technology for risk assessment, claims processing, and customer services.

What is the Europe Insurance in Connected Devices growth?

Europe Insurance in Connected Devices has experienced robust growth, with a significant rise in adoption of IoT devices by 2023. For example, Allianz reported a 15% increase in its connected insurance segment, driven by smart home insurance demand and digital transformation across the industry.

Which segment accounted for the largest Europe Insurance in Connected Devices share?

The smart home segment accounted for the largest share in Europe Insurance in Connected Devices. Increasing adoption of smart security systems and home automation has prompted insurers like AXA to focus on tailored coverage for connected homes, offering specialized solutions that cover cyber risks and device malfunctions.

What are the factors driving the Europe Insurance in Connected Devices?

Key drivers include growing IoT adoption, increased smart home device usage, and evolving insurance tech. For example, Zurich Insurance Group partnered with IoT startups to offer dynamic insurance premiums and real-time risk prevention, reflecting the shift towards data-driven and customer-centric products in the market.

Which type accounted for the largest Europe Insurance in Connected Devices share?

Device protection insurance, covering smartphones, tablets, and wearables, holds the largest market share. The rising dependency on personal electronics and frequent device upgrades have encouraged companies like Assurant to expand device protection plans that include coverage against accidental damage, loss, theft, and technical support.

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Europe Insurance in Connected Devices Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Europe Insurance in Connected Devices Market: by Type (Product Insurance, Liability Insurance, Cyber Insurance, Health Insurance, Automotive Insurance, Property Insurance) Application (Health Monitoring, Home Automation, Automotive, Industrial, Consumer Electronics, Smart Cities) Distribution Channels (Direct, Brokers, Online, Bancassurance, Affinity, Others) Technology (IoT, AI & Machine Learning, Blockchain, Big Data Analytics, Cloud Computing, Telematics) Organization Size (Small, Medium, Large) and By Europe Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 02-08-2025 | Format: PDF | Report ID:20854

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Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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