Information and Communication Technology Global Insurance Analytics Market

Market Definition

Insurance analytics is mostly used for regulating risk in underwriting, rating, claims, marketing, pricing, and reserving in the insurance sector. Additionally, insurance analytic solution helps insurance companies to control risks & offer better insurance contracts in fields such as life, health and property or casualty. Moreover, the prominent role of this insurance analytics is to minimize costs, optimize customer relationship processes and use predictive analytics in insurance models to make reliable reports across various product lines. Further, with the adoption of analytics, companies are emphasizing on enhancing customer experience as well as providing solutions on the basis of deep understanding of customer behavior and requirement. By utilizing customer’s behavioral data, the insurer can review and redevelop new strategies and products, which may get more sales success in the market. Furthermore, it enables insurers to strengthen distributors or agents with tools to identify several business opportunities and service existing customers. 

Report Scope

The global market report scope consists of a comprehensive study covering primary factors impacting the industry trends. The study includes analysis of regional and country-level market dynamics. The scope also consists of competitive overview offering company market shares coupled with company profiles for key revenue contributing companies. The report scope covers a detailed competitive outlook covering market shares and profiles of key participants in the market share.

Major Market Players

The key competitors operating in the market are Applied Systems, Oracle, IBM Corp., salesforce.com Inc., Microsoft, Open Text Corporation, Pegasystems Inc., SAP SE, SAS Institute Inc., and Vertafore, Inc. 

The Insurance Analytics Market report has been categorized as below

By Component:

●       Tools

●       Services

By Organization Size:

●       Large Enterprises

●       SMEs

By Deployment Modes:

●       Cloud

●       On-premises

By End User:

●       Insurance Companies

●       Government Agencies

●       Third-party Administrators, Brokers and Consultancies

By Region

●      North America

●      Europe

●      Asia Pacific

●      Rest of World

The years considered for the study are as follows:

●      Base year - 2020

●      Estimated year - 2021

●      Projected year – 2022

●      Forecast period - 2021 to 2027

Key Questions Addressed by the Report

●      New products/service competitors are exploring?

●      Key players in the Insurance Analytics Market and how extreme is the competition?

●      What are the future market trends that manufacturers are emphasizing on in the future updates?

●      For each segment, what are the crucial opportunities in the market?

●      What are the key growth strategies embraced by key market players in the market?

●      What are the key success strategies adopted by major competitors in the market?

Why Buy this Report:

●      Obtain comprehensive insights on the Insurance Analytics markettrends

●      Note comprehensive analysis of the market status

●      Identifies the market opportunities and growth segments

●      Assessing business segments & product portfolios, and explain competitive dynamics

●      Provide strategy planning and industry dynamics to strengthen decision making


Report Content

1.     Global Insurance Analytics Market Introduction

1.1.   Key Insights

1.2.  Report Overview

1.3.  Markets Covered

1.4. Stakeholders

2.    Research Methodology

2.1.  Research Scope

2.2. Market Research Process

2.3. Research Data Analysis

2.4. Market Size Estimation

3.    Executive Summary

 4.   Market Overview

4.1.     Introduction

4.2.    Market Drivers and Restraints

5.    By Component

5.1.     Key Points

5.2.    Tools

5.3.    Services

6.   By Organization Size

6.1.     Key Points

6.2.    Large Enterprises

6.3.    SMEs

7.    By Deployment Modes

7.1.     Key Points

7.2.    Cloud

7.3.    On-premises

8.   By End User

8.1.     Key Points

8.2.    Insurance Companies

8.3.    Government Agencies

8.4.    Third-party Administrators, Brokers and Consultancies

9.   By Region

9.1.     Key Points

9.2.    North America

9.3.    Europe

9.4.    Asia Pacific

9.5.    Rest of the World

10.  Company Profile

(Profile contain company overview, products/services, financials & recent developments)

10.1.  Applied Systems

10.2. Oracle

10.3. IBM Corp.

10.4. salesforce.com Inc.

10.5. Microsoft

10.6. Open Text Corporation

10.7.  Pegasystems Inc.

10.8. SAP SE

10.9. SAS Institute Inc.

10.10.  Vertafore, Inc.

By Component:

●       Tools

●       Services

By Organization Size:

●       Large Enterprises

●       SMEs

By Deployment Modes:

●       Cloud

●       On-premises

By End User:

●       Insurance Companies

●       Government Agencies

●       Third-party Administrators, Brokers and Consultancies

By Region

●      North America

●      Europe

●      Asia Pacific

●      Rest of World

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