Controlling the risk in underwriting, pricing, rating, claims, marketing, and reserving in the insurance sector. The analytic solution helps insurance companies to manage risks & offer better insurance contracts in fields such as health, life, and property or casualty. Moreover, the key role of the insurance analytics is to reduce costs, optimize customer relationship processes and use predictive analytics in insurance models to create reliable reports across several product lines.
Most insurance companies are increasing their digital investments and closing gaps in their business continuity plans. Integration of third-party data to reduce risk is becoming important. Customers are reminded of the importance of insurance in their lives throughout the covid-19 situation. Health insurance helps with drug and treatment plans for the sick, employment insurance aids those affected by the economic downturn, and business interruption coverage aids businesses unable to operate. Emergencies like COVID-19 highlight the importance of insurers seamlessly integrating reliable data sources, actionable insights, and responsive control measures to help them navigate the uncertain landscape. Insurers can navigate this difficult period by leveraging data and investing in digitization and analytics.
Global Insurance Market Segmentation:
Global Insurance Market, by Component
- Tools
- Services
Global Insurance Market, by Application
- Claims Management
- Risk Management
- Customer Management and Personalization
- Process Optimization
- Others
Global Insurance Market, by Deployment Mode
- On-premises
- Cloud
Global Insurance Market, by Organization Size
- Large Enterprises
- SMEs
Global Insurance Market, by End-Use
- Insurance Companies
- Government Agencies
- Third-party Administrators, Brokers and Consultancies
Based on the region, the Global Insurance printing market has been segmented into five geographical regions, namely, North America, Asia Pacific, Europe, South America, and the Middle East and Africa. In 2020, North America hold the largest share in the global insurance market. Asia Pacific is the fastest growing region of global insurance market.
Global Insurance Market, by region
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Italy
- France
- UK
- Spain
- Poland
- Russia
- Slovenia
- Slovakia
- The Netherlands
- Belgium
- Norway
- Denmark
- Czech Republic
- Sweden
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Indonesia
- Malaysia
- Thailand
- Vietnam
- The Philippines
- Singapore
- Australia & New Zealand
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Colombia
- Rest of Latin America
- The Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Northern Africa
- Rest of MEA
Major market players covered in the Global Insurance Market:
- IBM
- Salesforce
- Oracle
- Microsoft
- Sapiens
- OpenText Verisk Analytics
- Vertafore
- TIBCO
- Qlik
- Board International
- MicroStrategy (US),
- Guidewire Software LexisNexis Risk Solutions
- WNS Hexaware Technologies
- Pegasystems
- InsuredMine
- ReFocus AI
- RiskVille
- Pentation Analytics
- Habit Analytics
- Artivatic.ai
- CyberCube
- Arceo.ai
(Note: As per the latest market scenario and trends the major players list will be updated)
Competitive Landscape:
- Established companies with a major market share
- Emerging players who are growing rapidly
- New Products and launches
- New Entrants and Prominent Startups
- Competitive Product Benchmarking
- Product Development Matrix
Regional Research Reports Key Takeaways:
- Growth prospects
- SWOT analysis
- Key trends
- Key data-points affecting market growth
Objectives of the Study:
The Global Insurance market report provides a thorough analysis of macro-economic factors and every segment's market attractiveness. The report will include an in-depth qualitative and quantitative assessment of segmental/regional outlook with the market players' presence in the respective segment and region/country. The information concluded in the report includes the inputs.
Global Insurance Market Report Covers Comprehensive Analysis On:
- Market Segmentation & Regional Analysis
- Market Size of 10 years
- Pricing Analysis
- Supply & Demand Analysis
- Product Life Cycle Analysis
- Porter's Five Forces & Value Chain Analysis
- Developed & Emerging Economies Analysis
- PEST Analysis
- Market and Forecast Factor Analysis
- Market Opportunities, Risks, & Trends
- Conclusion & Recommendation
- Regulatory Landscape
- Patent Analysis
- Competition Landscape
- 15+ Company Profiles
Flexible Delivery Model:
- We have a flexible delivery model, and you can also suggest changes in the scope and table of content as per your requirement. You can share your requirements and changes to the current table of content at our mail: sales@regionalresearchreports.com
- The customization Mobility Care offered is free of charge with the purchase of any license of the report.
