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Insurance Software-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Insurance Software market size is expected to reach US$ 10860 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Insurance Software in various end use industries. The expanding demands from the Accident and Health, Life and Annuity, Reinsurance and Commercial Property/Casualty, are propelling Insurance Software market. On-premises, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the SaaS-based segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Insurance Software, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Insurance Software market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Insurance Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Insurance Software sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Insurance Software covered in this report include Microsoft, Oracle, Salesforce, SAP, Acturis, Automated Workflow, Buckhill, Computer Professionals and Computer Sciences Corporation, etc.
The global Insurance Software market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Insurance Software market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Insurance Software market, Segment by Type:
On-premises
SaaS-based
Global Insurance Software market, by Application
Accident and Health
Life and Annuity
Reinsurance
Commercial Property/Casualty
Personal Property/Casualty
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Insurance Software companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
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.
The global Insurance Software market size is expected to reach US$ 10860 million by 2029, growing at a CAGR of 3.6% from 2023 to 2029. The market is mainly driven by the significant applications of Insurance Software in various end use industries. The expanding demands from the Accident and Health, Life and Annuity, Reinsurance and Commercial Property/Casualty, are propelling Insurance Software market. On-premises, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the SaaS-based segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by players, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Insurance Software, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Insurance Software market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Insurance Software market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Insurance Software sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Insurance Software covered in this report include Microsoft, Oracle, Salesforce, SAP, Acturis, Automated Workflow, Buckhill, Computer Professionals and Computer Sciences Corporation, etc.
The global Insurance Software market report caters to various stakeholders in this industry including investors, suppliers, product players, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Insurance Software market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Insurance Software market, Segment by Type:
On-premises
SaaS-based
Global Insurance Software market, by Application
Accident and Health
Life and Annuity
Reinsurance
Commercial Property/Casualty
Personal Property/Casualty
Others
Core Chapters
Chapter One: Introduces the report scope of the report, executive summary of global and regional market size and CAGR for the history and forecast period (2018-2023, 2024-2029). It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter Two: 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 Three: 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 Four: Detailed analysis of Insurance Software companies’ competitive landscape, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Five: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product introduction, revenue, recent development, etc.
Chapter Six, Seven, Eight, Nine and Ten: North America, Europe, Asia Pacific, Latin America, Middle East & Africa, revenue by country.
Chapter Eleven: this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Research Finding/Conclusion
Index1 Market Overview of Insurance Software
1.1 Insurance Software Market Overview
1.1.1 Insurance Software Product Scope
1.1.2 Insurance Software Market Status and Outlook
1.2 Global Insurance Software Market Size Overview by Region 2018 VS 2022 VS 2029
1.3 Global Insurance Software Market Size by Region (2018-2029)
1.4 Global Insurance Software Historic Market Size by Region (2018-2023)
1.5 Global Insurance Software Market Size Forecast by Region (2024-2029)
1.6 Key Regions, Insurance Software Market Size (2018-2029)
1.6.1 North America Insurance Software Market Size (2018-2029)
1.6.2 Europe Insurance Software Market Size (2018-2029)
1.6.3 Asia-Pacific Insurance Software Market Size (2018-2029)
1.6.4 Latin America Insurance Software Market Size (2018-2029)
1.6.5 Middle East & Africa Insurance Software Market Size (2018-2029)
2 Insurance Software Market by Type
2.1 Introduction
2.1.1 On-premises
2.1.2 SaaS-based
2.2 Global Insurance Software Market Size by Type: 2018 VS 2022 VS 2029
2.2.1 Global Insurance Software Historic Market Size by Type (2018-2023)
2.2.2 Global Insurance Software Forecasted Market Size by Type (2024-2029)
2.3 Key Regions Market Size by Type
2.3.1 North America Insurance Software Revenue Breakdown by Type (2018-2029)
2.3.2 Europe Insurance Software Revenue Breakdown by Type (2018-2029)
2.3.3 Asia-Pacific Insurance Software Revenue Breakdown by Type (2018-2029)
2.3.4 Latin America Insurance Software Revenue Breakdown by Type (2018-2029)
2.3.5 Middle East and Africa Insurance Software Revenue Breakdown by Type (2018-2029)
3 Insurance Software Market Overview by Application
3.1 Introduction
3.1.1 Accident and Health
3.1.2 Life and Annuity
3.1.3 Reinsurance
3.1.4 Commercial Property/Casualty
3.1.5 Personal Property/Casualty
3.1.6 Others
3.2 Global Insurance Software Market Size by Application: 2018 VS 2022 VS 2029
3.2.1 Global Insurance Software Historic Market Size by Application (2018-2023)
3.2.2 Global Insurance Software Forecasted Market Size by Application (2024-2029)
3.3 Key Regions Market Size by Application
3.3.1 North America Insurance Software Revenue Breakdown by Application (2018-2029)
3.3.2 Europe Insurance Software Revenue Breakdown by Application (2018-2029)
3.3.3 Asia-Pacific Insurance Software Revenue Breakdown by Application (2018-2029)
3.3.4 Latin America Insurance Software Revenue Breakdown by Application (2018-2029)
3.3.5 Middle East and Africa Insurance Software Revenue Breakdown by Application (2018-2029)
4 Insurance Software Competition Analysis by Players
4.1 Global Insurance Software Market Size by Players (2018-2023)
4.2 Global Top Players by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Insurance Software as of 2022)
4.3 Date of Key Players Enter into Insurance Software Market
4.4 Global Top Players Insurance Software Headquarters and Area Served
4.5 Key Players Insurance Software Product Solution and Service
4.6 Competitive Status
4.6.1 Insurance Software Market Concentration Rate
4.6.2 Mergers & Acquisitions, Expansion Plans
5 Company (Top Players) Profiles
5.1 Microsoft
5.1.1 Microsoft Profile
5.1.2 Microsoft Main Business
5.1.3 Microsoft Insurance Software Products, Services and Solutions
5.1.4 Microsoft Insurance Software Revenue (US$ Million) & (2018-2023)
5.1.5 Microsoft Recent Developments
5.2 Oracle
5.2.1 Oracle Profile
5.2.2 Oracle Main Business
5.2.3 Oracle Insurance Software Products, Services and Solutions
5.2.4 Oracle Insurance Software Revenue (US$ Million) & (2018-2023)
5.2.5 Oracle Recent Developments
5.3 Salesforce
5.3.1 Salesforce Profile
5.3.2 Salesforce Main Business
5.3.3 Salesforce Insurance Software Products, Services and Solutions
5.3.4 Salesforce Insurance Software Revenue (US$ Million) & (2018-2023)
5.3.5 SAP Recent Developments
5.4 SAP
5.4.1 SAP Profile
5.4.2 SAP Main Business
5.4.3 SAP Insurance Software Products, Services and Solutions
5.4.4 SAP Insurance Software Revenue (US$ Million) & (2018-2023)
5.4.5 SAP Recent Developments
5.5 Acturis
5.5.1 Acturis Profile
5.5.2 Acturis Main Business
5.5.3 Acturis Insurance Software Products, Services and Solutions
5.5.4 Acturis Insurance Software Revenue (US$ Million) & (2018-2023)
5.5.5 Acturis Recent Developments
5.6 Automated Workflow
5.6.1 Automated Workflow Profile
5.6.2 Automated Workflow Main Business
5.6.3 Automated Workflow Insurance Software Products, Services and Solutions
5.6.4 Automated Workflow Insurance Software Revenue (US$ Million) & (2018-2023)
5.6.5 Automated Workflow Recent Developments
5.7 Buckhill
5.7.1 Buckhill Profile
5.7.2 Buckhill Main Business
5.7.3 Buckhill Insurance Software Products, Services and Solutions
5.7.4 Buckhill Insurance Software Revenue (US$ Million) & (2018-2023)
5.7.5 Buckhill Recent Developments
5.8 Computer Professionals
5.8.1 Computer Professionals Profile
5.8.2 Computer Professionals Main Business
5.8.3 Computer Professionals Insurance Software Products, Services and Solutions
5.8.4 Computer Professionals Insurance Software Revenue (US$ Million) & (2018-2023)
5.8.5 Computer Professionals Recent Developments
5.9 Computer Sciences Corporation
5.9.1 Computer Sciences Corporation Profile
5.9.2 Computer Sciences Corporation Main Business
5.9.3 Computer Sciences Corporation Insurance Software Products, Services and Solutions
5.9.4 Computer Sciences Corporation Insurance Software Revenue (US$ Million) & (2018-2023)
5.9.5 Computer Sciences Corporation Recent Developments
5.10 Dell
5.10.1 Dell Profile
5.10.2 Dell Main Business
5.10.3 Dell Insurance Software Products, Services and Solutions
5.10.4 Dell Insurance Software Revenue (US$ Million) & (2018-2023)
5.10.5 Dell Recent Developments
5.11 Ebix
5.11.1 Ebix Profile
5.11.2 Ebix Main Business
5.11.3 Ebix Insurance Software Products, Services and Solutions
5.11.4 Ebix Insurance Software Revenue (US$ Million) & (2018-2023)
5.11.5 Ebix Recent Developments
5.12 EIS Group
5.12.1 EIS Group Profile
5.12.2 EIS Group Main Business
5.12.3 EIS Group Insurance Software Products, Services and Solutions
5.12.4 EIS Group Insurance Software Revenue (US$ Million) & (2018-2023)
5.12.5 EIS Group Recent Developments
5.13 Guidewire Software
5.13.1 Guidewire Software Profile
5.13.2 Guidewire Software Main Business
5.13.3 Guidewire Software Insurance Software Products, Services and Solutions
5.13.4 Guidewire Software Insurance Software Revenue (US$ Million) & (2018-2023)
5.13.5 Guidewire Software Recent Developments
5.14 Hyland Software
5.14.1 Hyland Software Profile
5.14.2 Hyland Software Main Business
5.14.3 Hyland Software Insurance Software Products, Services and Solutions
5.14.4 Hyland Software Insurance Software Revenue (US$ Million) & (2018-2023)
5.14.5 Hyland Software Recent Developments
5.15 Insly
5.15.1 Insly Profile
5.15.2 Insly Main Business
5.15.3 Insly Insurance Software Products, Services and Solutions
5.15.4 Insly Insurance Software Revenue (US$ Million) & (2018-2023)
5.15.5 Insly Recent Developments
5.16 Insurity
5.16.1 Insurity Profile
5.16.2 Insurity Main Business
5.16.3 Insurity Insurance Software Products, Services and Solutions
5.16.4 Insurity Insurance Software Revenue (US$ Million) & (2018-2023)
5.16.5 Insurity Recent Developments
5.17 Lexmark
5.17.1 Lexmark Profile
5.17.2 Lexmark Main Business
5.17.3 Lexmark Insurance Software Products, Services and Solutions
5.17.4 Lexmark Insurance Software Revenue (US$ Million) & (2018-2023)
5.17.5 Lexmark Recent Developments
5.18 MedinyX
5.18.1 MedinyX Profile
5.18.2 MedinyX Main Business
5.18.3 MedinyX Insurance Software Products, Services and Solutions
5.18.4 MedinyX Insurance Software Revenue (US$ Million) & (2018-2023)
5.18.5 MedinyX Recent Developments
5.19 Pegasystems
5.19.1 Pegasystems Profile
5.19.2 Pegasystems Main Business
5.19.3 Pegasystems Insurance Software Products, Services and Solutions
5.19.4 Pegasystems Insurance Software Revenue (US$ Million) & (2018-2023)
5.19.5 Pegasystems Recent Developments
5.20 Sapiens
5.20.1 Sapiens Profile
5.20.2 Sapiens Main Business
5.20.3 Sapiens Insurance Software Products, Services and Solutions
5.20.4 Sapiens Insurance Software Revenue (US$ Million) & (2018-2023)
5.20.5 Sapiens Recent Developments
5.21 SAS
5.21.1 SAS Profile
5.21.2 SAS Main Business
5.21.3 SAS Insurance Software Products, Services and Solutions
5.21.4 SAS Insurance Software Revenue (US$ Million) & (2018-2023)
5.21.5 SAS Recent Developments
5.22 Solartis
5.22.1 Solartis Profile
5.22.2 Solartis Main Business
5.22.3 Solartis Insurance Software Products, Services and Solutions
5.22.4 Solartis Insurance Software Revenue (US$ Million) & (2018-2023)
5.22.5 Solartis Recent Developments
5.23 Transactor
5.23.1 Transactor Profile
5.23.2 Transactor Main Business
5.23.3 Transactor Insurance Software Products, Services and Solutions
5.23.4 Transactor Insurance Software Revenue (US$ Million) & (2018-2023)
5.23.5 Transactor Recent Developments
5.24 Vertafore
5.24.1 Vertafore Profile
5.24.2 Vertafore Main Business
5.24.3 Vertafore Insurance Software Products, Services and Solutions
5.24.4 Vertafore Insurance Software Revenue (US$ Million) & (2018-2023)
5.24.5 Vertafore Recent Developments
6 North America
6.1 North America Insurance Software Market Size by Country (2018-2029)
6.2 U.S.
6.3 Canada
7 Europe
7.1 Europe Insurance Software Market Size by Country (2018-2029)
7.2 Germany
7.3 France
7.4 U.K.
7.5 Italy
7.6 Russia
7.7 Nordic Countries
7.8 Rest of Europe
8 Asia-Pacific
8.1 Asia-Pacific Insurance Software Market Size by Region (2018-2029)
8.2 China
8.3 Japan
8.4 South Korea
8.5 Southeast Asia
8.6 India
8.7 Australia
8.8 Rest of Asia-Pacific
9 Latin America
9.1 Latin America Insurance Software Market Size by Country (2018-2029)
9.2 Mexico
9.3 Brazil
9.4 Rest of Latin America
10 Middle East & Africa
10.1 Middle East & Africa Insurance Software Market Size by Country (2018-2029)
10.2 Turkey
10.3 Saudi Arabia
10.4 UAE
10.5 Rest of Middle East & Africa
11 Insurance Software Market Dynamics
11.1 Insurance Software Industry Trends
11.2 Insurance Software Market Drivers
11.3 Insurance Software Market Challenges
11.4 Insurance Software Market Restraints
12 Research Finding /Conclusion
13 Methodology and Data Source
13.1 Methodology/Research Approach
13.1.1 Research Programs/Design
13.1.2 Market Size Estimation
13.1.3 Market Breakdown and Data Triangulation
13.2 Data Source
13.2.1 Secondary Sources
13.2.2 Primary Sources
13.3 Disclaimer
13.4 Author List
Published By : QY Research
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