Report overview
Insurance software is designed to help insurance carriers, agencies or brokerages manage their day-to-day operations. On the administrative side, these systems can help you keep track of policy and claims information, manage your teams and more. There's a client side to this software as well, which allows your customers to log in and do things such as check their policy information, fill out forms and make online payments.
This report aims to provide a comprehensive presentation of the global market for Insurance Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Insurance Software. This report contains market size and forecasts of Insurance Software in global, including the following market information:
Global Insurance Software Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global Insurance Software market was valued at US$ 8467.3 million in 2022 and is projected to reach US$ 10730 million by 2029, at a CAGR of 3.4% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Combining business process management (BPM) and customer relationship management (CRM) functionality, insurance software can act as the digital hub to facilitate all of company's primary insurance processes. Insurance software deployments are either on-premise (where the software is maintained on company servers) or cloud-based (where the software is maintained on vendor servers and accessed by companies via the internet). There are benefits to each option?on-premise software is more customizable to your needs, while cloud-based software requires fewer IT resources.
We surveyed the Insurance Software companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insurance Software Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global Insurance Software Market Segment Percentages, by Type, 2022 (%)
On-premises
SaaS-based
Global Insurance Software Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global Insurance Software Market Segment Percentages, by Application, 2022 (%)
Accident and Health
Life and Annuity
Reinsurance
Commercial Property/Casualty
Personal Property/Casualty
Others
Global Insurance Software Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global Insurance Software Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Insurance Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Insurance Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Microsoft
Oracle
Salesforce
SAP
Acturis
Automated Workflow
Buckhill
Computer Professionals
Computer Sciences Corporation
Dell
Ebix
EIS Group
Guidewire Software
Hyland Software
Insly
Insurity
Lexmark
MedinyX
Pegasystems
Sapiens
SAS
Solartis
Transactor
Vertafore
Outline of Major Chapters:
Chapter 1: Introduces the definition of Insurance Software, market overview.
Chapter 2: Global Insurance Software market size in revenue.
Chapter 3: Detailed analysis of Insurance Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Insurance Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
