Insurance Claims Processing Software
The Insurance Claims Processing Software industry has transformed insurance claims handling, previously a labor-intensive process, over the past decade. Property and casualty (P&C) insurers and life insurers seek to differentiate themselves in their competitive environments by using industry products, which are designed to streamline operations, reduce process complexity and costs, manage compliance with new regulations and increase customer satisfaction. Furthermore, claims processing software publishers are affected by the investment capabilities of P&C and life insurance companies, which are affected by numerous factors. Overall, industry revenue is expected to increase over the five years to 2019. Over the five years to 2024, industry revenue is anticipated to continue increasing due to the shift toward cloud computing and operaters striving to make data more accessible and secure.
This industry develops and sells software that is used to process insurance claims and manage policies.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.