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Insurance Analytics Market by Application (Claims Management, Customer Management and Personalization, Process Optimization), End-user (Brokers & Consultancies, Government Agencies, Insurance Companies), Deployment Mode, Organization Size - Global Forecas

Publisher 360iResearch
Published Oct 04, 2023
Length 196 Pages
SKU # IRE18319271

Description

Insurance Analytics Market by Application (Claims Management, Customer Management and Personalization, Process Optimization), End-user (Brokers & Consultancies, Government Agencies, Insurance Companies), Deployment Mode, Organization Size - Global Forecast 2023-2030


The Insurance Analytics Market size was estimated at USD 17.17 billion in 2022 and expected to reach USD 19.70 billion in 2023, at a CAGR 15.17% to reach USD 53.18 billion by 2030.

Market Segmentation & Coverage:

This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Insurance Analytics Market.
  • Based on Application, market is studied across Claims Management, Customer Management and Personalization, Process Optimization, and Risk Management. The Customer Management and Personalization is projected to witness significant market share during forecast period.
  • Based on End-user, market is studied across Brokers & Consultancies, Government Agencies, Insurance Companies, and Third-party Administrators. The Insurance Companies is projected to witness significant market share during forecast period.
  • Based on Deployment Mode, market is studied across On-Cloud and On-Premises. The On-Cloud is projected to witness significant market share during forecast period.
  • Based on Organization Size, market is studied across Large Enterprises and Small and Medium-Sized Enterprises. The Large Enterprises is projected to witness significant market share during forecast period.
  • Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is an indispensable tool for assessing the Insurance Analytics Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.

Market Share Analysis:

The Market Share Analysis offers invaluable insights into the vendor landscape Insurance Analytics Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.

Key Company Profiles:

The report delves into recent significant developments in the Insurance Analytics Market, highlighting leading vendors and their innovative profiles. These include Applied Systems, Arceo.AI, Artivatic.AI, Board International, Bridgei2I, Cybercube, Guidewire Software, Habit Analytics, Hexaware Technologies, IBM, Insuredmine, Lexisnexis Risk Solutions, Microsoft, Microstrategy, Opentext, Oracle, Pegasystems, Pentation Analytics, Qlik, Refocus AI, Riskville, Salesforce, Sap, Sapiens, Sas Institute, Tibco, Verisk Analytics, Vertafore, and WNS.

The report offers valuable insights on the following aspects:
  1. Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
  2. Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
  3. Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
  4. Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
  5. Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
  1. What is the market size and forecast for the Insurance Analytics Market?
  2. Which products, segments, applications, and areas hold the highest investment potential in the Insurance Analytics Market?
  3. What is the competitive strategic window for identifying opportunities in the Insurance Analytics Market?
  4. What are the latest technology trends and regulatory frameworks in the Insurance Analytics Market?
  5. What is the market share of the leading vendors in the Insurance Analytics Market?
  6. Which modes and strategic moves are suitable for entering the Insurance Analytics Market?


Note: PDF & Excel + Online Access - 1 Year

Table of Contents

196 Pages
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
4.1. Introduction
4.2. Insurance Analytics Market, by Region
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. Rising adoption of data-driven decision-making technologies across insurance companies
5.1.1.2. Expanding digital infrastructure and increasing fraudulent activities in insurance companies
5.1.1.3. Growing demand for IoT insurance worldwide
5.1.2. Restraints
5.1.2.1. Difficulty in integrating insurance platforms with legacy systems
5.1.3. Opportunities
5.1.3.1. Emerging of cloud-based digital insurance solutions
5.1.3.2. Innovative data-driven tech transforming insurance analytics
5.1.4. Challenges
5.1.4.1. Data security and privacy issues with insurance analytics platforms
5.2. Market Segmentation Analysis
5.3. Market Trend Analysis
5.4. Cumulative Impact of COVID-19
5.5. Cumulative Impact of Russia-Ukraine Conflict
5.6. Cumulative Impact of High Inflation
5.7. Porter’s Five Forces Analysis
5.7.1. Threat of New Entrants
5.7.2. Threat of Substitutes
5.7.3. Bargaining Power of Customers
5.7.4. Bargaining Power of Suppliers
5.7.5. Industry Rivalry
5.8. Value Chain & Critical Path Analysis
5.9. Regulatory Framework
5.10. Client Customization
6. Insurance Analytics Market, by Application
6.1. Introduction
6.2. Claims Management
6.3. Customer Management and Personalization
6.4. Process Optimization
6.5. Risk Management
7. Insurance Analytics Market, by End-user
7.1. Introduction
7.2. Brokers & Consultancies
7.3. Government Agencies
7.4. Insurance Companies
7.5. Third-party Administrators
8. Insurance Analytics Market, by Deployment Mode
8.1. Introduction
8.2. On-Cloud
8.3. On-Premises
9. Insurance Analytics Market, by Organization Size
9.1. Introduction
9.2. Large Enterprises
9.3. Small and Medium-Sized Enterprises
10. Americas Insurance Analytics Market
10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States
11. Asia-Pacific Insurance Analytics Market
11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam
12. Europe, Middle East & Africa Insurance Analytics Market
12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom
13. Competitive Landscape
13.1. FPNV Positioning Matrix
13.2. Market Share Analysis, By Key Player
13.3. Competitive Scenario Analysis, By Key Player
14. Competitive Portfolio
14.1. Key Company Profiles
14.1.1. Applied Systems
14.1.2. Arceo.AI
14.1.3. Artivatic.AI
14.1.4. Board International
14.1.5. Bridgei2I
14.1.6. Cybercube
14.1.7. Guidewire Software
14.1.8. Habit Analytics
14.1.9. Hexaware Technologies
14.1.10. IBM
14.1.11. Insuredmine
14.1.12. Lexisnexis Risk Solutions
14.1.13. Microsoft
14.1.14. Microstrategy
14.1.15. Opentext
14.1.16. Oracle
14.1.17. Pegasystems
14.1.18. Pentation Analytics
14.1.19. Qlik
14.1.20. Refocus AI
14.1.21. Riskville
14.1.22. Salesforce
14.1.23. Sap
14.1.24. Sapiens
14.1.25. Sas Institute
14.1.26. Tibco
14.1.27. Verisk Analytics
14.1.28. Vertafore
14.1.29. WNS
14.2. Key Product Portfolio
15. Appendix
15.1. Discussion Guide
15.2. License & Pricing

Pricing

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