Unlock stock picks and a broker-level newsfeed that powers Wall Street.
Upgrade Now
GlobeNewswire
Switzerland Embedded Finance Market Growth Forecast Report 2022: Revenues Forecast to Reach $2,976.7 Million by 2029
Research and Markets
4 min read
Company Logo
Company Logo

Dublin, May 27, 2022 (GLOBE NEWSWIRE) -- The "Switzerland Embedded Finance Business and Investment Opportunities Databook - 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments - Q1 2022 Update" report has been added to ResearchAndMarkets.com's offering.

The Embedded Finance industry in Switzerland is forecast to grow by 30.7% on annual basis to reach US$1,197.1 million in 2022. It is expected to grow steadily over the forecast period, recording a CAGR of 18.3% during 2022-2029. The Swiss embedded finance revenues will increase from US$1,197.1 million in 2022 to reach US$2,976.7 million by 2029.

Switzerland is expected to witness substantial growth in the embedded insurance market in 2022 and beyond. With the growing number of technological advancements, market players are making efforts to introduce products to suit the clients' specific needs.

With the growing demand for embedded insurance across various sectors, insurance providers are partnering with market players from various industries. Through partnership and collaboration strategies, market players are planning to take advantage of the existing client base of the partnered company and increase their distribution channels. The publisher expects the continued growth of embedded insurance through strategic alliances over the next four to eight quarters.

Additionally, growing technological advancements in the automotive and mobility industry are compelling insurers to introduce products that suit clients' specific business models. For instance, in October 2020, Switzerland-based reinsurer Swiss Re and Germany-based automotive manufacturer Daimler AG entered into a strategic alliance to launch a new company, Moving to innovate automotive and mobility insurance products.

The publisher expects more mergers and acquisitions in the embedded insurance space from the short to medium-term perspective.

Switzerland is expected to witness significant growth in the embedded lending market in the next four to eight quarters. With the growing number of technological advancements in the country, market players are making efforts to introduce products to suit the clients' specific needs.

With the growing demand for embedded lending across various sectors, BNPL providers are partnering with e-commerce platforms. Moreover, through partnership and collaboration strategies, market players are planning to take advantage of the existing client base of the partnered company and increase their distribution channels. For instance, in December 2020 Iraq based financial services provider Switch entered into a partnership with Switzerland-based e-commerce platform ZoodMall to offer BNPL services on Zoodmall's platform.

Terms and Privacy Policy
Your Privacy Choices
Utah Privacy Notice
More Info

Recommended Stories