Global Insurance Actuarial Modeling Software Market Growth (Status and Outlook) 2025-2031

The global Insurance Actuarial Modeling Software market size is predicted to grow from US$ 528 million in 2025 to US$ 799 million in 2031; it is expected to grow at a CAGR of 7.1% from 2025 to 2031.

Insurance actuarial modeling software is a crucial tool in the insurance industry, helping actuaries assess risks, price policies, and forecast finances. It can handle various data formats such as text, digital images, XML, PDF, etc. It performs real - time and batch aggregation of relevant data, including underwriting data, claim data, corporate financial performance data, etc. It also conducts AI - based data pre - processing and validation, and centrally stores the collected data. It supports the creation of custom actuarial models with user - defined parameters, provides AI - based recommendations on relevant parameters, and automatically converts created models into customizable templates. It also enables collaborative model creation and editing, automated model version control, and real - time evaluation and monitoring of model biases and variances.

United States market for Insurance Actuarial Modeling Software is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Insurance Actuarial Modeling Software is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Insurance Actuarial Modeling Software is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Insurance Actuarial Modeling Software players cover Moody's, FIS Prophet, SAS, Aon, WNS, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LPI (LP Information)' newest research report, the “Insurance Actuarial Modeling Software Industry Forecast” looks at past sales and reviews total world Insurance Actuarial Modeling Software sales in 2024, providing a comprehensive analysis by region and market sector of projected Insurance Actuarial Modeling Software sales for 2025 through 2031. With Insurance Actuarial Modeling Software sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Insurance Actuarial Modeling Software industry.

This Insight Report provides a comprehensive analysis of the global Insurance Actuarial Modeling Software landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyses the strategies of leading global companies with a focus on Insurance Actuarial Modeling Software portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Insurance Actuarial Modeling Software market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Insurance Actuarial Modeling Software and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Insurance Actuarial Modeling Software.

This report presents a comprehensive overview, market shares, and growth opportunities of Insurance Actuarial Modeling Software market by product type, application, key players and key regions and countries.

Segmentation by Type:
On-premises
Cloud Based

Segmentation by Application:
SMEs
Large Enterprises

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Moody's
FIS Prophet
SAS
Aon
WNS
AXIS actuarial system
Milliman
Akur8
RNA Analytics
Stoch Analytics
Montoux
Addactis
Slope Software
Insureware

Please note: The report will take approximately 2 business days to prepare and deliver.