Insurance Analytics Market By Type ( Tool, Services ), By Service ( Managed services, Professional services, Consulting, Deployment and integration, Support and maintenance ), By Business Application ( Claim management, Risk management, Process optimization, Customer management and personalization,), By Deployment Model ( On-Premises, On-Demand ), By End-User ( Insurance companies, Government agencies, Third-party administrators, brokers, and consultancies ), Industry Trends, Estimation & Forecast, 2017-2025

May 2018

 Pages: 182

 ERC 4287


Insurance Analytics Market is Expected to Grow with a CAGR of xx% During the Forecast Period of 2018 to 2025.

Insurance analytics is a process which is structured for analyzing and integrating large volumes of insurance data which covers a wide range of analytical processes in various insurance businesses such as sales & distribution analytics, marketing and medical claim analytics. In the current scenario, the major driving agents for insurance analytics market are, increasing adoption of data driven decision making processes and hiking demand for advanced analytical technologies, among various industries such as banking, marketing and healthcare industry. Insurance analytics is a collection of various big data sources, which provides complete view of customer & insurance data across various organizations. A rapid adoption of cloud technologies, increasing economic development and digitalization are acting as the major stimulating agents for the growth of insurance analytics market, especially in the regions such as Asia pacific and Europe. In the current scenario, insurance companies are providing analytics solutions along with offer policy discount rates and proactive risk management. Moreover, insurers are now focusing on understanding their customers’ lifestyle or needs, and provide customized coverage policies as per their requirement. Such strategies are helping the major market players to allure more customers for buying their services and generate a strong foothold within the competitive ground. However, market uncertainty and increasing cost of policies are expected to hamper the growth of the global insurance analytics market.

The report provides detailed qualitative and quantitative analysis of the insurance analytics Market. Market size and forecast in terms of value has been provided for the period - (2017 - 2025), for the segments namely of component, service, business application, deployment model, end-user in each of the major regions.

Insurance Analytics Market Player Analysis –

The report presents detailed analysis of major players operating in insurance analytics Market. Few of the include IBM Corporation, Oracle Corporation, Microsoft Corporation, SAP SE, Salesforce, Verisk Analytics, Hexaware, Applied Systems and Sapiens International. Detailed coverage on these market players with information on their revenue from insurance analytics, market share, gross margin and their growth strategies have been provided in the report.

Market Segmentation

Insurance analytics market is segmented on the basis of component, service, business application, deployment model, end-user, and geography. By component, the market is segmented into tool and service. On the basis of service, the market is categorized as managed and professional services. By business application, the market is segmented into claim management, risk management, process optimization, customer management and others. By deployment, the market is segmented into on-premises and on-demand. On the basis of end-user, market is categorized as insurance companies, government agencies and third party administrators (brokers, consultancies). Geographical coverage has been provided for each of the major regions including North America, Europe, Asia-Pacific, South America and Rest of the World.

Insurance Analytics Market Segmentation

By Component Type
  • Tool
  • Services

By Service
  • Managed services
  • Professional services
           o Consulting
           o Deployment and integration
           o Support and maintenance

By Business Application
  • Claim management
  • Risk management
  • Process optimization
  • Customer management and personalization
  • Others

By Deployment Model
  • On-Premises
  • On-Demand

By End-User
  • Insurance companies
  • Government agencies
  • Third-party administrators, brokers, and consultancies

By geography
  • North America
           o U.S.
           o Canada
           o Mexico
  • Europe
           o U.K.
           o France
           o Germany
           o Italy
           o Spain
           o Rest of Europe
  • Asia-Pacific
           o China
           o Japan
           o India
           o Korea
           o Rest of APAC
  • South America
           o Brazil
           o Rest of South America
  • Rest of the World
           o Middle East
           o Africa

Insurance Analytics Market Key Players

  • include IBM Corporation
  • Oracle Corporation
  • Microsoft Corporation,
  • SAP SE
  • Salesforce
  • Verisk Analytics
  • Hexaware
  • Applied Systems
  • Sapiens International



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    What Information does this report contain?

    • What was the market size of the Insurance Analytics Market in 2017 and the expected market size by 2025, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions, and their comparative growth rate?
    • Which technology is on trend and how would it evolve during the forecast period (2017 - 2025)?
    • Which are the leading companies in the Insurance Analytics Market and their competitive positioning basis their market share, product portfolio, strategic attempts and business focus?

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