In 2021, there were just over 15 million open insurance users worldwide. It is forecasted that in 2024, this number will be more than five times higher, and in 2032, there will be more than 812 million open insurance users globally. Open insurance refers to the sharing of large volumes of structured data within a digital ecosystem, in order to spur the development of new and innovative insurance options to be made available for consumers.
Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032
(in millions)
These estimations were calculated using data from Statista's Global Consumer Survey based on questions about topics such as data sharing with insurance providers and consulting with a robo-advisor for advice on insurance products.
*Forecast.
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Statista. (September 7, 2022). Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/
Statista. "Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions)." Chart. September 7, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/
Statista. (2022). Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/
Statista. "Number of Open Insurance Users Worldwide in 2021, with Forecasts for 2024 and 2032 (in Millions)." Statista, Statista Inc., 7 Sep 2022, https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/
Statista, Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions) Statista, https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/ (last visited November 21, 2024)
Number of open insurance users worldwide in 2021, with forecasts for 2024 and 2032 (in millions) [Graph], Statista, September 7, 2022. [Online]. Available: https://www.statista.com/statistics/1332041/open-insurance-ready-users-globally-forecast/