By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy
- Home
- Banking and Financial Services
- Report Detail
Insurance Analytics Market by Component (Tools and Services), Application (Claims Management, Risk Management, Customer Management and Personalization, Process Optimization), Deployment Mode, Organization Size, End User, and Region - Global Forecast to 2026
“COVID-19 accelerated organizations to new customer engagement through digital experiences are set to drive the insurance analytics market.”
The global insurance analytics market size is projected to grow from USD 8.8 billion in 2020 to USD 20.6 billion by 2026, at a Compound Annual Growth Rate (CAGR) of 15.1% during the forecast period. Several insurance providers are accelerating investments in digitization and closing gaps in business continuity models. The integration of third-party data to mitigate risk is increasing in urgency. Throughout this time, customers are reminded of how significant the role of insurance is in their lives. For example, health coverage assists with drug and treatment plans for the ill, employment insurance helps those impacted by the economic turmoil, and business interruption coverage supports businesses unable to operate. Companies must continue investing and enabling access for customers while ensuring underwriters are well-informed of upcoming risks. Emergencies, such as COVID-19, highlight the need for insurers to seamlessly integrate reliable data sources, actionable insights, and responsive control measures to help navigate the uncertain landscape. By leveraging data and investing in digitization and analytics, insurers can navigate this challenging period and move the industry forward.
“Process Optimization: The fastest-growing segment of the insurance analytics market, by application”
Based on application, the insurance analytics market is bifurcated into claims management, risk management, customer management and personalization, process optimization, and others (workforce management and fraud detection). Insurers are widely using analytics solutions to understand the potential risks and deploy countermeasures to mitigate losses, or at least screen, pre-empt, and assess the cost of risks in the underwriting process. Risk management involves the identification, assessment, and management of potential risks, incorporating analytics to support decision-making by clearly stating business goals and objectives, and facilitating precise information management with a better understanding of the trade-offs between risks and rewards. Risk management provides insurers with the risk capacity to maintain specific credit ratings, manage capital, and reduce earnings volatility across insurance companies.
“Insurance Companies: The largest growing end user segment of the insurance analytics market.”
Insurance companies are the end-user companies that provide various types of insurance, such as consumer insurance (including life and health insurance, and vehicle/auto insurance) and commercial insurance (employee insurance and asset insurance for manufacturing companies). Insurance companies are now widely adopting various technology solutions, including analytics, for their internal and customer-facing services. For example, multi-line carriers that supply consumer policies — for homes, cars, and small groups — in addition to business services, such as P&C insurance, run several applications to handle underwriting, claims, and Customer Relationship Management (CRM). Increasing service demand coupled with critical end-of-year fiscal reporting forces these organizations to adopt advanced technological solutions, leading to a larger market size during the forecast period. Bajaj Allianz Life Insurance, a Pune, India-based life insurance provider, is among the leading insurers in India who are using predictive analytics across their insurance operations. The company is leveraging predictive analytics across its customer life cycle to assess customer risk, to determine the potential of a customer to renew or lapse a policy, and to act accordingly. Risk management, fraud detection, customer management, and personalization are some of the key application areas where the India-based insurer is applying analytics to improve operational efficiency, reduce cost, and enrich customer experience.
“APAC: The fastest growing region in the insurance analytics market.”
The growing digitalization across the APAC region to deal with a massive amount of data would drive the adoption of insurance analytics platform in the region. APAC has witnessed advanced and dynamic adoption of new technologies and is expected to record the highest CAGR during the forecast period. BRIDGEi2i is one such company that offers user-focused insurance analytics solutions and which has continued to record growth in APAC. The company has achieved one of the leading positions in the insurance analytics market due to its well-practiced strategy of expanding its customer base through acquisitions as well as partnerships with significant players in the market.
Breakdown of primaries
The studies contain insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:
- By Company: Tier I: 34%, Tier II: 43%, and Tier III: 23%
- By Designation: C-Level Executives: 50%, Directors: 30%, and Others: 20%
- By Region: North America: 25%, APAC: 30%, Europe: 30%, MEA: 10%, and Latin America: 5%
The insurance analytics market is dominated by a few globally established players such as IBM(US), Salesforce(US), Oracle(US), Microsoft(US), Sapiens (Israel), OpenText (Canada), SAP (Germany), Verisk Analytics (US), SAS Institute (US), Vertafore (US), TIBCO (US), Qlik (US), Board International (Switzerland), BRIDGEi2i (US), MicroStrategy (US), Guidewire Software (US), LexisNexis Risk Solutions (US), WNS (India), Hexaware Technologies (India), Pegasystems (US), Applied Systems (US), InsuredMine (US), ReFocus AI (US), RiskVille (Ireland), Pentation Analytics (US), Habit Analytics (US), Artivatic.ai (India), CyberCube (US), and Arceo.ai (US).
Research Coverage
The report segments the insurance analytics market and forecasts its size, by volume and value, based on region (North America, Europe, APAC, MEA, and Latin America), component (tool and services), services (managed services and professional services), by application (claim management, risk management, process optimization, customer management and personalization, and others), by organization size (SMEs and large enterprises), by deployment mode (cloud and on-premises), and by end user (insurance companies, government agencies, third-party administrators, brokers, and consultancies).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the insurance analytics market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall insurance analytics market and its sub segments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
Table Of Contents
1 Introduction
1.1 Introduction To Covid-19
1.2 Covid-19 Health Assessment
Figure 1 Covid-19: Global Propagation
Figure 2 Covid-19 Propagation: Select Countries
1.3 Covid-19 Economic Assessment
Figure 3 Revised Gross Domestic Product Forecasts For Select G20 Countries In 2020
1.3.1 Covid-19 Economic Impact—Scenario Assessment
Figure 4 Criteria Impacting Global Economy
Figure 5 Scenarios In Terms Of Recovery Of Global Economy
1.4 Objectives Of The Study
1.5 Market Definition
1.5.1 Inclusions And Exclusions
1.6 Market Scope
1.6.1 Market Segmentation
1.6.2 Regions Covered
1.6.3 Years Considered For The Study
1.7 Currency Considered
Table 1 United States Dollar Exchange Rate, 2018–2020
1.8 Stakeholders
1.9 Summary Of Changes
2 Research Methodology
2.1 Research Data
Figure 6 Insurance Analytics Market: Research Design
2.1.1 Secondary Data
2.1.2 Primary Data
Table 2 Primary Interviews
2.1.2.1 Breakup Of Primary Profiles
2.1.2.2 Key Industry Insights
2.2 Market Breakup And Data Triangulation
Figure 7 Data Triangulation
2.3 Market Size Estimation
Figure 8 Market: Top-Down And Bottom-Up Approaches
2.3.1 Top-Down Approach
2.3.2 Bottom-Up Approach
Figure 9 Market Size Estimation Methodology - Approach 1 (Supply Side): Revenue From Tools/Services Of The Insurance Analytics Market
Figure 10 Market Size Estimation Methodology - Approach 2, Bottom-Up (Supply Side): Collective Revenue From All Tools/Services Of The Market
Figure 11 Market Size Estimation Methodology - Approach 3, Bottom-Up (Supply Side): Collective Revenue From All Tools/Services Of The Market
Figure 12 Market Size Estimation Methodology - Approach 4, Bottom-Up (Demand Side): Share Of Insurance Analytics Through Overall Insurance Analytics Spending
2.4 Market Forecast
Table 3 Factor Analysis
2.5 Company Evaluation Matrix Methodology
Figure 13 Company Evaluation Matrix: Criteria Weightage
2.6 Startup/Sme Evaluation Matrix Methodology
Figure 14 Startup/Sme Evaluation Matrix: Criteria Weightage
2.7 Assumptions For The Study
2.8 Limitations Of The Study
2.9 Implications Of Covid-19 On The Market
Figure 15 Quarterly Impact Of Covid-19 During 2020–2021
3 Executive Summary
Table 4 Global Insurance Analytics Market Size And Growth Rate, 2016–2019 (Usd Million, Y-O-Y%)
Table 5 Global Market Size And Growth Rate, 2020–2026 (Usd Million, Y-O-Y%)
Figure 16 Tools Segment To Hold A Larger Market Size In 2020
Figure 17 Risk Management Segment To Hold The Largest Market Share In 2020
Figure 18 Managed Services Segment To Hold A Larger Market Size In 2020
Figure 19 On-Premises Segment To Hold A Larger Market Share In 2020
Figure 20 Large Enterprises Segment To Hold A Larger Market Share In 2020
Figure 21 Insurance Companies Segment To Hold The Largest Market Share In 2020
Figure 22 Asia Pacific To Grow At The Highest Cagr During The Forecast Period
4 Premium Insights
4.1 Attractive Opportunities In The Insurance Analytics Market
Figure 23 Rapid Adoption Of Data-Driven Decision-Making And The Increasing Adoption Of Advanced Analytics Techniques Drive The Market Growth
4.2 Market: Top Three End Users
Figure 24 Customer Management And Personalization Segment To Grow At The Highest Cagr From 2020 To 2026
4.3 Market, By Region
Figure 25 North America Accounted For The Largest Share In The Market In 2020
4.4 North American Market, By Component And End User
Figure 26 Tools And Insurance Companies Segments Accounted For Large Market Shares In 2020
5 Market Overview And Industry Trends
5.1 Introduction
5.2 Market Dynamics
Figure 27 Drivers, Restraints, Opportunities, And Challenges: Insurance Analytics Market
5.2.1 Drivers
5.2.1.1 Rising Need Of Big Data And Predictive Modeling Capability During The Covid-19 Pandemic Drives The Adoption Of Insurance Analytics Solutions
5.2.1.2 Rise In Adoption Of Iot Products
5.2.2 Restraints
5.2.2.1 Rising Cyberattacks And Their Threats
5.2.2.2 Difficulty To Integrate Insurance Platforms With Legacy Systems
5.2.3 Opportunities
5.2.3.1 Covid-19 Accelerated Organizations To New Customer Engagement Through Digital Experiences
5.2.3.2 Need For Cloud-Based Digital Solutions By Insurer To Obtain Higher Scalability
5.2.4 Challenges
5.2.4.1 Data Security And Privacy Concerns
5.2.5 Cumulative Growth Analysis
5.3 Insurance Analytics Market: Ecosystem
Figure 28 Market: Ecosystem
5.4 Case Study Analysis
5.4.1 Cnseg And Fenseg Uses Sas Insurance Analytics To Eliminate Insurance Fraud And Boost Accuracy
5.4.2 Farmers Insurance Group Uses Salesforce Einstein Analytics To Streamline Processes
5.4.3 Die Mobilier Insurance Accelerates Operational Data Analytics With Oracle Database In-Memory
5.4.4 Great American Insurance Group Embraced Pega Customer Service To Eliminate Complexities And Deliver Exceptional Customer Experience
5.4.5 Promutuel Insurance Embraced Guidewire To Transform Its Claims Business
5.4.6 Ydrogios Insurance Choose Sas Detection And Investigation Of Insurance To Reduce Costs
5.5 Insurance Analytics Market: Covid-19 Impact
Figure 29 Market To Witness A Slowdown In 2020
5.6 Patent Analysis
5.6.1 Methodology
5.6.2 Document Type
Table 6 Patents Filed
5.6.3 Innovation And Patent Applications
Figure 30 Total Number Of Patents Granted In A Year, 2009–2019
5.6.3.1 Top Applicants
Figure 31 Top 10 Companies With The Highest Number Of Patent Applications, 2010–2020
5.7 Value Chain Analysis
Figure 32 Insurance Analytics Market: Value Chain Analysis
5.8 Technology Analysis
5.8.1 5g And Insurance Analytics
5.8.2 Ai And Insurance Analytics
5.8.3 Iot And Insurance Analytics
5.9 Porter’s Five Force Analysis
Figure 33 Porter’s Five Forces Analysis
5.9.1 Threat Of New Entrants
5.9.2 Threat Of Substitutes
5.9.3 Bargaining Power Of Suppliers
5.9.4 Bargaining Power Of Buyers
5.9.5 Intensity Of Competitive Rivalry
6 Insurance Analytics Market, By Component
6.1 Introduction
6.1.1 Components: Market Drivers
6.1.2 Components: Covid-19 Impact
Figure 34 Tools Segment To Have A Larger Market Size During The Forecast Period
Table 7 Market Size, By Component,2016–2019 (Usd Million)
Table 8 Market Size, By Component, 2020–2026 (Usd Million)
6.2 Tools
6.3 Services
Figure 35 Professional Services Segment To Have A Larger Market Size During The Forecast Period
Table 9 Services: Insurance Analytics Market Size, By Type, 2016–2019 (Usd Million)
Table 10 Services: Market Size, By Type, 2020–2026 (Usd Million)
6.3.1 Managed Services
6.3.2 Professional Services
6.3.2.1 Consulting
6.3.2.2 Support And Maintenance
6.3.2.3 Deployment And Integration
7 Insurance Analytics Market, Application
7.1 Introduction
7.1.1 Applications: Market Drivers
7.1.2 Applications: Covid-19 Impact
Figure 36 Risk Management Segment To Have The Largest Market Size During The Forecast Period
Table 11 Applications: Market Size, By Type, 2016–2019 (Usd Million)
Table 12 Applications: Market Size, By Type, 2020–2026 (Usd Million)
7.2 Claims Management
7.3 Risk Management
7.4 Customer Management And Personalization
7.5 Process Optimization
7.6 Others
8 Insurance Analytics Market, By Deployment Mode
8.1 Introduction
8.1.1 Deployment Modes: Market Drivers
8.1.2 Deployment Modes: Covid-19 Impact
Figure 37 On-Premises Segment To Have A Larger Market Size During The Forecast Period
Table 13 Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 14 Market Size, By Deployment Mode, 2020–2026 (Usd Million)
8.2 On-Premises
8.3 Cloud
9 Insurance Analytics Market, By Organization Size
9.1 Introduction
9.1.1 Organization Size: Market Drivers
9.1.2 Organization Size: Covid-19 Impact
Figure 38 Large Enterprises Segment To Have A Larger Market Size During The Forecast Period
Table 15 Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 16 Market Size, By Organization Size, 2020–2026 (Usd Million)
9.2 Large Enterprises
9.3 Small And Medium-Sized Enterprises
10 Insurance Analytics Market, By End User
10.1 Introduction
10.1.1 End Users: Market Drivers
10.1.2 End Users: Covid-19 Impact
Figure 39 Insurance Companies Segment To Have The Largest Market Size During The Forecast Period
Table 17 Market Size, By End User, 2016–2019 (Usd Million)
Table 18 Market Size, By End User, 2020–2026 (Usd Million)
10.2 Insurance Companies
10.3 Government Agencies
10.4 Third-Party Administrators, Brokers, And Consultancies
11 Insurance Analytics Market, By Region
11.1 Introduction
Figure 40 India To Register The Highest Cagr During The Forecast Period
Figure 41 Asia Pacific To Witness The Highest Cagr During The Forecast Period
Table 19 Market Size, By Region, 2016–2019 (Usd Million)
Table 20 Market Size, By Region, 2020–2026 (Usd Million)
11.2 North America
11.2.1 North America: Market Drivers
11.2.2 North America: Covid-19 Impact
11.2.3 North America: Regulations
11.2.3.1 Health Insurance Portability And Accountability Act Of 1996
11.2.3.2 California Consumer Privacy Act
11.2.3.3 Gramm–Leach–Bliley Act
11.2.3.4 Health Information Technology For Economic And Clinical Health Act
11.2.3.5 Sarbanes-Oxley Act
11.2.3.6 Federal Information Security Management Act
11.2.3.7 Payment Card Industry Data Security Standard
11.2.3.8 Federal Information Processing Standards
Figure 42 North America: Market Snapshot
Table 21 North America: Insurance Analytics Market Size, By Component, 2016–2019 (Usd Million)
Table 22 North America: Market Size, By Component, 2020–2026 (Usd Million)
Table 23 North America: Market Size, By Service, 2016–2019 (Usd Million)
Table 24 North America: Market Size, By Service, 2020–2026 (Usd Million)
Table 25 North America: Market Size, By Application, 2016–2019 (Usd Million)
Table 26 North America: Market Size, By Application, 2020–2026 (Usd Million)
Table 27 North America: Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 28 North America: Market Size, By Organization Size, 2020–2026 (Usd Million)
Table 29 North America: Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 30 North America: Market Size, By Deployment Mode, 2020–2026 (Usd Million)
Table 31 North America: Market Size, By End User, 2016–2019 (Usd Million)
Table 32 North America: Market Size, By End User, 2020–2026 (Usd Million)
Table 33 North America: Market Size, By Country, 2016–2019 (Usd Million)
Table 34 North America: Market Size, By Country, 2020–2026 (Usd Million)
11.2.4 United States
11.2.5 Canada
11.3 Europe
11.3.1 Europe: Insurance Analytics Market Drivers
11.3.2 Europe: Covid-19 Impact
11.3.3 Europe: Regulations
11.3.3.1 General Data Protection Regulation
11.3.3.2 European Committee For Standardization
11.3.3.3 European Technical Standards Institute
Table 35 Europe: Market Size, By Component, 2016–2019 (Usd Million)
Table 36 Europe: Market Size, By Component, 2020–2026 (Usd Million)
Table 37 Europe: Market Size, By Service, 2016–2019 (Usd Million)
Table 38 Europe: Market Size, By Service, 2020–2026 (Usd Million)
Table 39 Europe: Market Size, By Application, 2016–2019 (Usd Million)
Table 40 Europe: Market Size, By Application, 2020–2026 (Usd Million)
Table 41 Europe: Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 42 Europe: Market Size, By Organization Size, 2020–2026 (Usd Million)
Table 43 Europe: Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 44 Europe: Market Size, By Deployment Mode, 2020–2026 (Usd Million)
Table 45 Europe: Market Size, By End User, 2016–2019 (Usd Million)
Table 46 Europe: Market Size, By End User, 2020–2026 (Usd Million)
Table 47 Europe: Insurance Analytics Size, By Country, 2016–2019 (Usd Million)
Table 48 Europe: Market Size, By Country, 2020–2026 (Usd Million)
11.3.4 United Kingdom
11.3.5 Germany
11.3.6 France
11.3.7 Rest Of Europe
11.4 Asia Pacific
11.4.1 Asia Pacific: Insurance Analytics Market Drivers
11.4.2 Asia Pacific: Covid-19 Impact
11.4.3 Asia Pacific: Regulations
11.4.3.1 Privacy Commissioner For Personal Data
11.4.3.2 Act On The Protection Of Personal Information
11.4.3.3 Critical Information Infrastructure
11.4.3.4 Privacy Amendment (Notifiable Data Breaches) Act
11.4.3.5 International Organization For Standardization 27001
11.4.3.6 Personal Data Protection Act
Figure 43 Asia Pacific: Market Snapshot
Table 49 Asia Pacific: Insurance Analytics Market Size, By Component, 2016–2019 (Usd Million)
Table 50 Asia Pacific: Market Size, By Component, 2020–2026 (Usd Million)
Table 51 Asia Pacific: Market Size, By Service, 2016–2019 (Usd Million)
Table 52 Asia Pacific: Market Size, By Service, 2020–2026 (Usd Million)
Table 53 Asia Pacific: Market Size, By Application, 2016–2019 (Usd Million)
Table 54 Asia Pacific: Market Size, By Application, 2020–2026 (Usd Million)
Table 55 Asia Pacific: Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 56 Asia Pacific: Market Size, By Organization Size, 2020–2026 (Usd Million)
Table 57 Asia Pacific: Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 58 Asia Pacific: Market Size, By Deployment Mode, 2020–2026 (Usd Million)
Table 59 Asia Pacific: Market Size, By End User, 2016–2019 (Usd Million)
Table 60 Asia Pacific: Market Size, By End User, 2020–2026 (Usd Million)
Table 61 Asia Pacific: Market Size, By Country, 2016–2019 (Usd Million)
Table 62 Asia Pacific: Market Size, By Country, 2020–2026 (Usd Million)
11.4.4 China
11.4.5 Japan
11.4.6 Australia
11.4.7 South Korea
11.4.8 Rest Of Asia Pacific
11.5 Middle East And Africa
11.5.1 Middle East And Africa: Insurance Analytics Market Drivers
11.5.2 Middle East And Africa: Covid-19 Impact
11.5.3 Middle East And Africa: Regulations
11.5.3.1 Israeli Privacy Protection Regulations (Data Security), 5777-2017
11.5.3.2 Cloud Computing Framework
11.5.3.3 Gdpr Applicability In The Kingdom Of Saudi Arabia
11.5.3.4 Protection Of Personal Information Act
11.5.3.5 Other Regulations
Table 63 Middle East And Africa: Insurance Analytics Market Size, By Component, 2016–2019 (Usd Million)
Table 64 Middle East And Africa: Market Size, By Component, 2020–2026 (Usd Million)
Table 65 Middle East And Africa: Market Size, By Service, 2016–2019 (Usd Million)
Table 66 Middle East And Africa: Market Size, By Service, 2020–2026 (Usd Million)
Table 67 Middle East And Africa: Market Size, By Application, 2016–2019 (Usd Million)
Table 68 Middle East And Africa: Market Size, By Application, 2020–2026 (Usd Million)
Table 69 Middle East And Africa: Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 70 Middle East And Africa: Market Size, By Organization Size, 2020–2026 (Usd Million)
Table 71 Middle East And Africa: Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 72 Middle East And Africa: Market Size, By Deployment Mode, 2020–2026 (Usd Million)
Table 73 Middle East And Africa: Market Size, By End User, 2016–2019 (Usd Million)
Table 74 Middle East And Africa: Market Size, By End User, 2020–2026 (Usd Million)
Table 75 Middle East And Africa: Market Size, By Country, 2016–2019 (Usd Million)
Table 76 Middle East And Africa: Market Size, By Country, 2020–2026 (Usd Million)
11.5.4 Kingdom Of Saudi Arabia
11.5.5 United Arab Emirates
11.5.6 South Africa
11.5.7 Rest Of Middle East And Africa
11.6 Latin America
11.6.1 Latin America: Insurance Analytics Market Drivers
11.6.2 Latin America: Covid-19 Impact
11.6.3 Latin America: Regulations
11.6.3.1 Brazil Data Protection Law
11.6.3.2 Argentina Personal Data Protection Law No. 25.326
11.6.3.3 Chile’s Law 19.628/2011
Table 77 Latin America: Insurance Analytics Market Size, By Component, 2016–2019 (Usd Million)
Table 78 Latin America: Market Size, By Component, 2020–2026 (Usd Million)
Table 79 Latin America: Market Size, By Service, 2016–2019 (Usd Million)
Table 80 Latin America: Market Size, By Service, 2020–2026 (Usd Million)
Table 81 Latin America: Market Size, By Application, 2016-2019 (Usd Million)
Table 82 Latin America: Market Size, By Application, 2020–2026 (Usd Million)
Table 83 Latin America: Market Size, By Organization Size, 2016–2019 (Usd Million)
Table 84 Latin America: Market Size, By Organization Size, 2020–2026 (Usd Million)
Table 85 Latin America: Market Size, By Deployment Mode, 2016–2019 (Usd Million)
Table 86 Latin America: Market Size, By Deployment Mode, 2020–2026 (Usd Million)
Table 87 Latin America: Market Size, By End User, 2016–2019 (Usd Million)
Table 88 Latin America: Market Size, By End User, 2020–2026 (Usd Million)
Table 89 Latin America: Market Size, By Country, 2016–2019 (Usd Million)
Table 90 Latin America: Market Size, By Country, 2020–2026 (Usd Million)
11.6.4 Brazil
11.6.5 Mexico
11.6.6 Rest Of Latin America
12 Competitive Landscape
12.1 Overview
12.2 Market Evaluation Framework
Figure 44 Market Evaluation Framework
12.3 Market Share, 2020
Figure 45 Microsoft To Lead The Insurance Analytics Market In 2020
12.4 Historical Revenue Analysis Of Key Market Players
Figure 46 Revenue Analysis Of Key Market Players
12.5 Ranking Of Key Market Players In Market, 2020
Figure 47 Ranking Of Key Players, 2020
12.6 Company Product Footprint Analysis
Table 91 Company Product Footprint
12.7 Competitive Scenario
12.7.1 New Product Launches And Product Enhancements
Table 92 New Product Launches And Product Enhancements, 2018–2021
12.7.2 Business Expansions
Table 93 Business Expansions, 2019–2020
12.7.3 Mergers And Acquisitions
Table 94 Mergers And Acquisitions, 2018–2021
12.7.4 Partnerships, Agreements, Contracts, And Collaborations
Table 95 Partnerships, Agreements, Contracts, And Collaborations, 2018–2021
12.8 Company Evaluation Matrix Definitions And Methodology
12.8.1 Star
12.8.2 Emerging Leaders
12.8.3 Pervasive
12.8.4 Participants
Figure 48 Insurance Analytics Market (Global), Company Evaluation Matrix, 2020
12.8.5 Strength Of Product Portfolio (Global)
Figure 49 Product Portfolio Analysis Of Top Players In The Market
12.8.6 Business Strategy Excellence (Global)
Figure 50 Business Strategy Excellence Of Top Players In The Market
12.9 Startup/Sme Evaluation Matrix, 2020
12.9.1 Progressive Companies
12.9.2 Responsive Companies
12.9.3 Dynamic Companies
12.9.4 Starting Blocks
Figure 51 Insurance Analytics Market (Global): Startup/Sme Evaluation Matrix, 2020
12.9.5 Strength Of Product Portfolio (Startup/Sme)
Figure 52 Product Portfolio Analysis Of Top Startups In The Market
12.9.6 Business Strategy Excellence (Startup/Sme)
Figure 53 Business Strategy Excellence Of Top Startups In The Market
13 Company Profiles
13.1 Introduction
(Business And Financial Overview, Platforms And Services Offered, And Recent Developments)*
13.2 Ibm
Table 96 Ibm: Business Overview
Figure 54 Ibm: Company Snapshot
Table 97 Ibm: Platform Offered
Table 98 Ibm: Recent Developments
Table 99 Ibm: Deals
Table 100 Ibm: Others
13.3 Salesforce
Table 101 Salesforce: Business Overview
Figure 55 Salesforce: Company Snapshot
Table 102 Salesforce: Solutions Offered
Table 103 Salesforce: Recent Developments
Table 104 Salesforce: Deals
13.4 Oracle
Table 105 Oracle: Business Overview
Figure 56 Oracle: Company Snapshot
Table 106 Oracle: Solutions Offered
Table 107 Oracle: Recent Developments
Table 108 Oracle: Deals
Table 109 Oracle: Others
13.5 Microsoft
Table 110 Microsoft: Business Overview
Figure 57 Microsoft: Company Snapshot
Table 111 Microsoft: Solutions Offered
Table 112 Microsoft: Recent Developments
Table 113 Microsoft: Deals
Table 114 Microsoft: Others
13.6 Opentext
Table 115 Opentext: Business Overview
Figure 58 Opentext: Company Snapshot
Table 116 Opentext: Solutions Offered
Table 117 Opentext: Recent Developments
Table 118 Opentext: Deals
13.7 Sap
Table 119 Sap: Business Overview
Figure 59 Sap: Company Snapshot
Table 120 Sap: Solutions Offered
Table 121 Sap: Recent Developments
Table 122 Sap: Others
13.8 Verisk Analytics
Table 123 Verisk Analytics: Business Overview
Figure 60 Verisk Analytics: Company Snapshot
Table 124 Verisk Analytics: Solutions Offered
Table 125 Verisk Analytics: Services Offered
Table 126 Verisk Analytics: Recent Developments
13.9 Sas Institute
Table 127 Sas Institute: Business Overview
Figure 61 Sas Institute: Company Snapshot
Table 128 Sas Institute: Solutions Offered
Table 129 Sas Institute: Services Offered
Table 130 Sas Institute: Recent Developments
Table 131 Sas Institute: Others
Table 132 Sas Institute: Deals
13.10 Vertafore
Table 133 Vertafore: Solutions Offered
Table 134 Vertafore: Recent Developments
13.11 Tibco
Table 135 Tibco: Platforms Offered
Table 136 Tibco: Recent Developments
Table 137 Tibco: Deals
13.12 Qlik
Table 138 Qlik: Platforms Offered
Table 139 Qlik: Recent Developments
Table 140 Qlik: Deals
13.13 Sapiens
Table 141 Sapiens: Business Overview
Figure 62 Sapiens: Company Snapshot
Table 142 Sapiens: Platforms Offered
Table 143 Sapiens: Deals
13.14 Board International
Table 144 Board International: Solutions Offered
Table 145 Board International: Recent Developments
Table 146 Board International: Others
Table 147 Board International: Deals
13.15 Bridgei2i
Table 148 Bridgei2i: Solutions Offered
Table 149 Bridgei2i: Recent Developments
13.16 Microstrategy
Table 150 Microstrategy: Business Overview
Figure 63 Microstrategy: Company Snapshot
Table 151 Microstrategy: Solutions Offered
Table 152 Microstrategy: Recent Developments
13.17 Guidewire Software
Table 153 Guidewire Software: Business Overview
Figure 64 Guidewire Software: Company Snapshot
Table 154 Guidewire Software: Solutions Offered
Table 155 Guidewire Software: Recent Developments
Table 156 Guidewire Software: Deals
13.18 Lexisnexis Risk Solutions
Table 157 Lexisnexis Risk Solutions: Business Overview
Table 158 Lexisnexis Risk Solutions: Solutions Offered
Table 159 Lexisnexis Risk Solutions: Recent Developments
Table 160 Lexisnexis Risk Solutions: Deals
13.19 Wns
Table 161 Wns: Business Overview
Figure 65 Wns: Company Snapshot
Table 162 Wns: Solutions Offered
Table 163 Wns: Recent Developments
Table 164 Wns: Deals
13.20 Hexaware Technologies
Table 165 Hexaware Technologies: Business Overview
Figure 66 Hexaware Technologies: Company Snapshot
Table 166 Hexaware Technologies: Platform/Solutions Offered
Table 167 Hexaware Technologies: Recent Developments
13.21 Pegasystems
Table 168 Pegasystems: Business Overview
Figure 67 Pegasystems: Company Snapshot
Table 169 Pegasystems: Solutions Offered
Table 170 Pegasystems: Services Offered
Table 171 Pegasystems: Recent Developments
13.22 Applied Systems
Table 172 Applied Systems: Solutions Offered
Table 173 Applied Systems: Recent Developments
Table 174 Applied Systems: Deals
13.23 Insuredmine
13.24 Refocus Ai
13.25 Riskville
13.26 Pentation Analytics
13.27 Habit Analytics
13.28 Artivatic.Ai
13.29 Cybercube
13.30 Arceo.Ai
*Details On Business And Financial Overview, Platforms And Services Offered, And Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
14 Adjacent And Related Markets
14.1 Introduction
14.2 Digital Insurance Market - Global Forecast To 2021
14.2.1 Market Definition
14.2.2 Market Overview
14.2.2.1 Digital Insurance Market, By Component
Table 175 Digital Insurance Platform Market Size, By Component, 2016–2023 (Usd Billion)
14.2.2.2 Digital Insurance Market, By Service
Table 176 Digital Insurance Platform Market Size, By Service, 2016–2023 (Usd Billion)
14.2.2.3 Digital Insurance Market, By End User
Table 177 Digital Insurance Platform Market Size, By End User, 2016–2023 (Usd Billion)
14.2.2.4 Digital Insurance Market, By Insurance Application
Table 178 Digital Insurance Platform Market Size, By Insurance Application, 2016–2023 (Usd Billion)
14.2.2.5 Digital Insurance Market, By Deployment Mode
Table 179 Digital Insurance Platform Market Size, By Deployment Type, 2016–2023 (Usd Billion)
14.2.2.6 Digital Insurance Market, By Organization Size
Table 180 Digital Insurance Platform Market Size, By Organization Size, 2016–2023 (Usd Billion)
14.2.2.7 Digital Insurance Market, By Region
Table 181 Digital Insurance Platform Market Size, By Region, 2016–2023 (Usd Billion)
14.3 Ai In Fintech Market - Global Forecast To 2025
14.3.1 Market Definition
14.3.2 Market Overview
14.3.2.1 Ai In Fintech Market, By Solution
Table 182 Ai In Fintech Market Size, By Component, 2015–2022 (Usd Million)
14.3.2.2 Ai In Fintech Market, By Service
Table 183 Ai In Fintech Market Size, By Deployment Mode, 2015–2022 (Usd Million)
14.3.2.3 Ai In Fintech Market, By Deployment Mode
Table 184 Global Mobile Uc&C Solution Market Size, By Deployment Type, 2012–2019 (Usd Million)
14.3.2.4 Mobile Uc&C Market, By Application Area
Table 185 Ai In Fintech Market Size, By Application Area,2015–2022 (Usd Million)
14.3.2.5 Ai In Fintech Market, By Region
Table 186 Ai In Fintech Market Size, By Region, 2015–2022 (Usd Million)
15 Appendix
15.1 Industry Experts
15.2 Discussion Guide
15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
15.4 Available Customizations
15.5 Related Reports
15.6 Author Details
Write comment about above report:
Related Reports
We are on:
Why ReportsnReports.com?
- 500,000 market research reports and growing.
- Top Fortune 500 Organizations trust us for research data.
- 24/7 support on call as well as emails.
- Your Details are safe with us.
- Free support for your research requirements.
- Report Delivery: Email
- Delivery Time:
- Upto 24 hrs - working days
- Upto 48 hrs max - weekends and public holidays