Insurance Platform Market
Insurance Platform Market by Offering (Core Insurance, Insurtech), Application (Underwriting, CRM, Data Analytics), Technology (AI, Blockchain, Cloud Computing, Analytics), Insurance Type (Health, Life, P&C, Travel), & End User - Global Forecast to 2030
USD 207.52 BN
MARKET SIZE, 2030
CAGR 12.3%
(2025-2030)
418
REPORT PAGES
348
MARKET TABLES
OVERVIEW
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
The insurance platform market is set for significant expansion and is expected to grow from USD 116.16 billion in 2025 to USD 207.52 billion by 2030, indicating a strong CAGR of 12.3%. This increase is led, to a large extent, by investments of over USD 1.5 billion in the US in insurance platforms and Europe, following closely at over USD 1 billion. Interestingly, nearly 40% of InsurTech investment has been captured by B2B SaaS firms, which focus on innovation areas such as payment solutions, risk management, underwriting software, and claims administration. The majority of these solutions incorporate artificial intelligence (AI), with firms actively expanding their portfolios to include new AI-powered products. At the same time, changing consumer preferences are driving strategic adjustments throughout the industry, as more than 60% of insurance strategists recognize that shifting customer expectations have sped up their transformation strategies. This evolving environment highlights the increasing demand for adaptable, technology-driven solutions in the insurance sector.
KEY TAKEAWAYS
- By Region, North America accounted for largest market share of 38.20% in 2025.
- By Offering, the Insurance Technology software type segment is expected to grow at the highest CAGR of 13.4% during the forcast period.
- The AI & analytics segment is projected to have the highest growth rate among insurance platform technologies from 2025 to 2030.
- By Insurance Type, Health Insurance segment is expected to dominate the market share during the forecast period.
- By Application, the predictive modeling/extreme event forecasting segment is expected to grow at the highest CAGR of 16.5% during the forecast period.
- By End User, the third-party administrators (TPAs) segment is expected to grow at a higher CAGR during the forecast period.
- The major market players like Salesforce, Microsoft, and SAP have adopted both organic and inorganic strategies, including partnerships and investments. This dual strategy signals an arms race where scale and speed of innovation will determine leadership, reshaping the balance of power across the ecosystem.
- Companies like Coalition, OneShield, and Shift Technology among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.
Technological advancements are propelling the growth of insurance platforms. Insurers are increasingly utilizing predictive analytics and machine learning to optimize underwriting and claims processes, resulting in quicker and more accurate decisions. The demand for hyper-personalized customer experiences, alongside data-driven risk assessment, is driving the automation of complex workflows. The surge in embedded insurance solutions further necessitates innovative platform capabilities. To meet these demands, insurers are transitioning to flexible, cloud-based platforms that support real-time data processing, enhanced fraud detection, and proactive customer engagement, ultimately enhancing product agility and customer retention.
TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS
The insurance platform market is undergoing rapid transformation, driven by evolving customer expectations, technological advancements, and regulatory changes. As insurers, agencies, third-party administrators (TPAs), and reinsurers seek greater efficiency and improved customer experiences, the demand for digital platforms has surged. The market is characterized by increased adoption of cloud-based solutions, API-driven ecosystems, and artificial intelligence (AI) integration, enabling streamlined operations and enhanced risk assessment. Buyers are shifting from traditional legacy systems to agile platforms that offer automation, real-time data insights, and personalized services. Additionally, trends such as embedded insurance, usage-based models, and digital self-service tools are reshaping client interactions. Cybersecurity concerns and regulatory pressures further push insurers to adopt robust compliance and data protection frameworks. As customer expectations continue to evolve, insurance platform providers must deliver flexible, scalable solutions that meet the diverse needs of industry stakeholders. These disruptive trends force industry players to innovate and redefine their business models to stay competitive in this dynamic landscape.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
MARKET DYNAMICS
Drivers
Impact
Level
Level
-
Digital transformation across the insurance value chain
-
Emergence of Insurtech startups disrupts traditional business models and compels established insurers to invest in flexible platforms
RESTRAINTS
Impact
Level
Level
-
Integration challenges with legacy systems
-
High implementation costs associated with modernizing insurance platforms
OPPORTUNITIES
Impact
Level
Level
-
Embedded insurance enables seamless coverage integration
-
Increasing adoption of usage-based and parametric insurance products creates demand for platforms with robust IoT integration and real-time data processing
CHALLENGES
Impact
Level
Level
-
Data management and governance
-
Market fragmentation makes it challenging for insurance platform providers to offer standardized solutions
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Driver: Digital transformation across the insurance value chain
Insurers are leveraging AI, ML, cloud, blockchain, and IoT to modernize underwriting, claims, policy management, and fraud detection. Cloud-native, API-driven platforms enable scalability, agility, and regulatory compliance, while automation and real-time analytics cut costs, optimize workflows, and accelerate claims processing. Rising demand for personalized products and omnichannel engagement is further driving digital-first insurance strategies.
Restraint: Integration challenges with legacy systems
Legacy IT systems remain a major barrier to adopting modern platforms. Proprietary designs, unstructured data, and long deployment cycles cause delays, cost overruns, and operational risks. Compliance requirements and limited in-house expertise often force reliance on third-party vendors, making seamless integration a critical challenge until core systems are modernized.
Opportunity: Embedded insurance enables seamless coverage integration
Embedded insurance integrates coverage into e-commerce, fintech, and mobility apps via APIs and microservices, simplifying distribution and enabling on-demand, personalized policies at the point of sale. Real-time data supports dynamic pricing, faster claims, and improved risk evaluation. Expanding digital ecosystems and InsurTech collaborations are creating new revenue streams and innovation opportunities.
Challenge: Data management and governance
Insurers handle growing volumes of structured and unstructured data from IoT, telematics, and customer interactions. Legacy infrastructure often struggles with real-time processing, affecting pricing, claims, and reporting. Ensuring data quality, compliance, and governance—especially with AI models and third-party integrations—remains a complex task. Cloud data lakes, cleansing tools, and governance frameworks help, but the absence of a unified data strategy continues to hinder efficiency and innovation.
Insurance Platform Market: COMMERCIAL USE CASES ACROSS INDUSTRIES
| COMPANY | USE CASE DESCRIPTION | BENEFITS |
|---|---|---|
 |
AXA Business Insurance needed to boost customer satisfaction and personalization; Salesforce solved this by providing a single customer view via its Customer 360 platform for timely, personalized interactions. | The implementation resulted in a significant increase in customer satisfaction and a better experience, ultimately driving increased brand loyalty and customer retention for AXA. |
 |
Aon Italy faced the challenge of harnessing its highly sensitive data (under tight governmental regulations) to improve the customer experience and develop new insurance products. IBM's solution utilized IBM Cloud Pak for Data, Watson Studio, and Watson Machine Learning to automate business processes and extract insights, thereby unlocking the value of its data. | By leveraging the power of data and analytics, Aon Italy created a more efficient and effective data management system. This allowed them to successfully improve the customer experience and develop new insurance products and services. |
 |
Ping An needed to integrate its life insurance platform to improve business insights and support core business processes. Accenture provided the solution by systematically abstracting and structuring domain models to reflect business knowledge, which helped Ping An improve its insights and gain experience with Domain-Driven Design (DDD) implementation. | Ping An achieved a 25% service re-use rate and a 30% reduction in development time. This helped to significantly increase efficiency, support business processes, and further improve business insights. |
 |
ARAG Group faced the challenge of its financial reporting being cumbersome and slow, preventing it from gaining rapid, group-wide insights into its finances. SAP implemented SAP Datasphere and SAP Analytics Cloud to enable faster international reporting and facilitate data-driven, proactive decision-making for managing global growth. | The SAP solution allowed ARAG Group to improve its financial transparency and gain new insights, enabling it to make better decisions and manage its global growth more effectively. It achieved faster reporting and the ability to make data-driven, forward-looking decisions. |
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET ECOSYSTEM
The insurance platform market ecosystem is shaped by a mix of vendors comprised of different software types and insurance types. This segmented ecosystem works collaboratively to drive the transition toward more efficient workflows and output generation, leveraging technology and data to achieve goals.
Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.
MARKET SEGMENTS
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
Insurance Platform Market, By Offering
Insurance operations & management platforms are gaining traction as insurers seek to streamline workflows, reduce administrative costs, and enhance compliance. Integration of AI, automation, and cloud technologies enables real-time policy administration, efficient claims tracking, and comprehensive customer lifecycle management.
Insurance Platform Market, By Application
Predictive modeling and extreme event forecasting are expanding due to the need for more accurate risk assessment, proactive disaster management, and effective climate-related event planning. These AI-driven applications enable insurers to enhance underwriting accuracy, mitigate claims exposure, and refine their long-term risk management strategies.
Insurance Platform Market, By Technology
AI & analytics are central to innovation in insurance platforms, supporting fraud detection, personalized policy recommendations, and automated claims processing. Predictive insights and real-time decision-making allow insurers to optimize operations and deliver more tailored, efficient customer experiences.
Insurance Platform Market, By Insurance Type
Life & annuity insurance is driving demand for digital platforms as customers seek personalized financial planning, retirement solutions, and long-term coverage options. AI-powered tools enable insurers to automate underwriting, enhance customer engagement, and offer tailored investment-linked policies.
Insurance Platform Market, By End User
Third-party administrators (TPAs) are leveraging digital platforms to streamline claims management, policy servicing, and regulatory compliance. Cloud-based automation enables scalable operations, cost efficiency, and higher service quality, supporting their growing role in insurance ecosystems.
REGION
Asia Pacific to be fastest-growing region in global Insurance Platform Market during forecast period
The Asia Pacific is projected to grow at the highest CAGR due to rapid digital transformation, rising adoption of cloud-based insurance solutions, and strong government support for fintech and insurtech innovation. Countries such as China, India, and Japan are experiencing a growing demand for AI-powered claims management, digital underwriting, and customer experience platforms. The region’s large underinsured population and expanding middle class are driving insurers to deploy scalable, data-driven insurance platforms. Strategic partnerships between global providers and regional players further accelerate the adoption of technology. These factors position Asia Pacific as the fastest-growing hub for the insurance platform market.
Insurance Platform Market: COMPANY EVALUATION MATRIX
In the Insurance Platform market, Salesforce (Star) leads with its comprehensive cloud-based solutions that enable insurers to streamline policy management, enhance customer engagement, and leverage AI for personalized experiences. Its scalability and deep ecosystem integrations reinforce its dominance in digital insurance transformation. ServiceNow (Emerging Leader) is gaining traction with workflow-driven platforms that modernize claims processing, automate underwriting, and improve operational efficiency, positioning it as a fast-rising player in the market.
Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis
KEY MARKET PLAYERS
MARKET SCOPE
| REPORT METRIC | DETAILS |
|---|---|
| Market Size in 2025 (Value) | USD 116.17 Billion |
| Market Forecast in 2030 (Value) | USD 207.52 Billion |
| Growth Rate | CAGR of 12.3% from 2025 – 2030 |
| Years Considered | 2020–2030 |
| Base Year | 2024 |
| Forecast Period | 2025 – 2030 |
| Units Considered | Value (USD Million/Billion) |
| Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments Covered |
|
| Regions Covered | North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America |
WHAT IS IN IT FOR YOU: Insurance Platform Market REPORT CONTENT GUIDE
DELIVERED CUSTOMIZATIONS
We have successfully delivered the following deep-dive customizations:
| CLIENT REQUEST | CUSTOMIZATION DELIVERED | VALUE ADDS |
|---|---|---|
| Leading Insurance Platform Vendor |
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| Leading Insurance Platform Vendor |
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RECENT DEVELOPMENTS
- March 2025 : Accenture acquired Altus Consulting to boost its capabilities for insurance and investment clients in the UK. Altus brings expertise in advisory services, data-driven insights, and technology solutions tailored to the financial services sector. This acquisition enhances Accenture's ability to deliver end-to-end transformation projects, particularly in distribution, risk, and regulatory compliance.
- March 2025 : DXC Technology expanded its strategic partnership with ServiceNow to introduce DXC Assure BPM powered by ServiceNow. This AI-enabled platform integrates DXC's insurance expertise with ServiceNow's capabilities to modernize insurance processes, reduce operational costs, and enhance customer satisfaction by automating complex workflows across the policy lifecycle.
- February 2025 : Duck Creek Technologies announced a strategic partnership with Worldpay, a global industry leader in payments technology and solutions. Worldpay's global payments capabilities, embedded in Duck Creek Payments, provide carriers with a seamless, end-to-end payment management platform tailored to the insurance industry.
- December 2024 : Suncorp has announced a significant five-year partnership with Microsoft to revolutionize the insurance industry through the accelerated adoption of artificial intelligence (AI) technology and public cloud. Suncorp and Microsoft will extend an existing partnership to integrate AI at scale across the insurer's operations quickly. The program is designed to enhance the experience Suncorp delivers to its customers and to its own people in their day-to-day work.
- November 2024 : Guidewire announced Shift Technology as its strategic partner for insurance-based decision-making solutions. Shift's products enable AI-powered fraud detection and investigation, underwriting risk detection, and subrogation detection. The expanded partnership will deliver a joint solution that will enable the rapid integration of Shift's fraud detection technology with Guidewire's solutions, improving efficiency and claims handler productivity
Table of Contents
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TITLE
PAGE NO
1
INTRODUCTION
39
2
RESEARCH METHODOLOGY
46
3
EXECUTIVE SUMMARY
57
4
PREMIUM INSIGHTS
65
5
MARKET OVERVIEW AND INDUSTRY TRENDS
Insurtech disrupts traditional models, driving demand for digital platforms with compliance and real-time capabilities.
68
5.1
INTRODUCTION
5.2
MARKET DYNAMICS
5.2.1
DRIVERS
5.2.1.1
DIGITAL TRANSFORMATION ACROSS INSURANCE VALUE CHAIN
5.2.1.2
DISRUPTION OF TRADITIONAL MODELS BY INSURTECH STARTUPS
5.2.1.3
COMPLEX REGULATIONS THAT DRIVE DEMAND FOR PLATFORMS WITH BUILT-IN COMPLIANCE AND AUTOMATION
5.2.2
RESTRAINTS
5.2.2.1
LEGACY SYSTEM INTEGRATION LEADING TO IMPLEMENTATION DELAYS AND ADDED COMPLEXITY
5.2.2.2
HIGH MODERNIZATION COSTS
5.2.2.3
LIMITED DIGITAL LITERACY AMONG TRADITIONAL INSURERS AND AGENTS
5.2.3
OPPORTUNITIES
5.2.3.1
EMBEDDED INSURANCE FOR SEAMLESS INTEGRATION VIA APIS AND MICROSERVICES
5.2.3.2
RISING ADOPTION OF USAGE-BASED AND PARAMETRIC INSURANCE LEADING TO DEMAND FOR IOT-ENABLED, REAL-TIME PLATFORMS
5.2.3.3
GROWING DEMAND FOR DIGITAL-FIRST INSURANCE SOLUTIONS FOR SEAMLESS CUSTOMER EXPERIENCE
5.2.4
CHALLENGES
5.2.4.1
CYBERSECURITY RISKS
5.2.4.2
MARKET FRAGMENTATION, LEADING TO NON-STANDARDIZATION
5.2.4.3
MANAGING DIVERSE DATA SOURCES WHILE ENSURING QUALITY AND GOVERNANCE
5.3
EVOLUTION OF INSURANCE PLATFORMS
5.4
SUPPLY CHAIN ANALYSIS
5.5
ECOSYSTEM ANALYSIS
5.5.1
SOFTWARE TYPE
5.5.1.1
CORE INSURANCE PLATFORMS
5.5.1.2
INSURANCE TECHNOLOGY PLATFORMS
5.5.1.3
INSURANCE OPERATIONS & MANAGEMENT PLATFORMS
5.5.2
INSURANCE TYPE
5.5.2.1
HEALTH INSURANCE
5.5.2.2
LIFE & ANNUITY INSURANCE
5.5.2.3
PROPERTY & CASUALTY INSURANCE
5.5.2.4
SPECIALTY & OTHER INSURANCE
5.6
INVESTMENT LANDSCAPE AND FUNDING SCENARIO
5.7
CASE STUDY ANALYSIS
5.7.1
CASE STUDY 1: SALESFORCE ASSISTS AXA BUSINESS INSURANCE IN ENHANCING CUSTOMER SATISFACTION
5.7.2
CASE STUDY 2: AON ITALY TRANSFORMS INSURANCE AND RISK MANAGEMENT OPERATIONS USING IBM CLOUD PAKS
5.7.3
CASE STUDY 3: PACIFIC LIFE'S DIGITAL TRANSFORMATION WITH ACCENTURE AND SALESFORCE
5.7.4
CASE STUDY 4: SUN LIFE FINANCIAL ESTABLISHES DIGITAL TRANSFORMATION THROUGH MODERNIZATION
5.7.5
CASE STUDY 5: ARAG GROUP EXPEDITES INTERNATIONAL REPORTING THROUGH IMPLEMENTATION OF SAP
5.7.6
CASE STUDY 6: QBE IMPLEMENTS MODERN REINSURANCE MANAGEMENT SYSTEM WITH DUCK CREEK TECHNOLOGIES
5.8
TECHNOLOGY ANALYSIS
5.8.1
KEY TECHNOLOGIES
5.8.1.1
ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
5.8.1.2
BLOCKCHAIN
5.8.1.3
CLOUD COMPUTING
5.8.1.4
IOT
5.8.1.5
BIG DATA AND ANALYTICS
5.8.2
COMPLEMENTARY TECHNOLOGIES
5.8.2.1
ROBOTIC PROCESS AUTOMATION
5.8.2.2
APPLICATION PROGRAMMING INTERFACE
5.8.2.3
AUGMENTED REALITY/VIRTUAL REALITY
5.8.3
ADJACENT TECHNOLOGIES
5.8.3.1
CYBERSECURITY
5.8.3.2
DIGITAL IDENTITY VERIFICATION
5.8.3.3
TELEMATICS AND GPS
5.9
REGULATORY LANDSCAPE
5.9.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.9.2
REGULATORY FRAMEWORK/KEY REGULATIONS
5.9.2.1
NORTH AMERICA
5.9.2.2
EUROPE
5.9.2.3
ASIA PACIFIC
5.9.2.4
MIDDLE EAST & AFRICA
5.9.2.5
LATIN AMERICA
5.10
IMPACT OF GENERATIVE AI ON INSURANCE PLATFORM MARKET
5.10.1
AUTOMATED CLAIMS PROCESSING
5.10.2
FRAUD DETECTION AND PREVENTION
5.10.3
UNDERWRITING
5.10.4
PERSONALIZED POLICY RECOMMENDATIONS
5.10.5
CHATBOTS & VIRTUAL ASSISTANTS
5.10.6
REGULATORY COMPLIANCE AUTOMATION
5.11
PATENT ANALYSIS
5.11.1
METHODOLOGY
5.11.2
PATENTS FILED, BY DOCUMENT TYPE
5.11.3
INNOVATION AND PATENT APPLICATIONS
5.12
PRICING ANALYSIS
5.12.1
AVERAGE SELLING PRICE TREND IN INSURANCE PLATFORM MARKET, BY APPLICATION, 2025
5.12.2
INDICATIVE PRICING ANALYSIS, BY INSURANCE TYPE, 2025
5.13
KEY CONFERENCES AND EVENTS (2025–2026)
5.14
PORTER’S FIVE FORCES ANALYSIS
5.14.1
THREAT OF NEW ENTRANTS
5.14.2
THREAT OF SUBSTITUTES
5.14.3
BARGAINING POWER OF SUPPLIERS
5.14.4
BARGAINING POWER OF BUYERS
5.14.5
INTENSITY OF COMPETITIVE RIVALRY
5.15
INSURANCE PLATFORM BUSINESS MODELS
5.15.1
PLATFORM LICENSING
5.15.2
SOFTWARE AS A SERVICE
5.15.3
PAY-PER-USE AND ON-DEMAND
5.15.4
API INTEGRATION AND DEVELOPER SERVICES
5.15.5
WHITE-LABEL INSURANCE PLATFORMS
5.16
TRENDS/DISRUPTIONS IMPACTING BUYERS IN INSURANCE PLATFORM MARKET
5.17
KEY STAKEHOLDERS AND BUYING CRITERIA
5.17.1
KEY STAKEHOLDERS IN BUYING PROCESS
5.17.2
BUYING CRITERIA
6
INSURANCE PLATFORM MARKET, BY END USER
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 10 Data Tables
122
6.1
INTRODUCTION
6.1.1
END USER: INSURANCE PLATFORM MARKET DRIVERS
6.2
INSURANCE COMPANIES
6.2.1
OPTIMIZE INSURANCE OPERATIONS WITH DIGITAL PLATFORMS FOR ENHANCED EFFICIENCY AND CUSTOMER ENGAGEMENT
6.3
INSURANCE AGENCIES & BROKERS
6.3.1
INDEPENDENT AGENCIES
6.3.1.1
LEVERAGE DIGITAL SOLUTIONS FOR EFFICIENCY AND GROWTH
6.3.2
BROKERAGE FIRMS
6.3.2.1
ENHANCED INSURANCE BROKERAGE EFFICIENCY AND CLIENT ENGAGEMENT –KEY FOCUS AREAS
6.3.3
ONLINE AGGREGATORS
6.3.3.1
ENHANCE INSURANCE ACCESSIBILITY THROUGH AI-DRIVEN ONLINE AGGREGATORS
6.4
THIRD-PARTY ADMINISTRATORS
6.4.1
CLAIMS HANDLING FIRMS
6.4.1.1
OPTIMIZE CLAIMS HANDLING WITH AI-DRIVEN AND CLOUD-BASED SOLUTIONS
6.4.2
POLICY MANAGEMENT SERVICE PROVIDERS
6.4.2.1
USE CUTTING-EDGE DIGITAL SOLUTIONS FOR EFFICIENT, COMPLIANT POLICY ADMINISTRATION
6.5
OTHER END USERS
7
INSURANCE PLATFORM MARKET, BY TECHNOLOGY
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 12 Data Tables
132
7.1
INTRODUCTION
7.1.1
TECHNOLOGY: INSURANCE PLATFORM MARKET DRIVERS
7.2
AI & ANALYTICS
7.2.1
REFINE MARKETING STRATEGIES AND OPTIMIZE DISTRIBUTION CHANNELS
7.3
IOT
7.3.1
ENHANCES RISK MANAGEMENT, EFFICIENCY, AND CUSTOMER ENGAGEMENT
7.4
BLOCKCHAIN
7.4.1
REVOLUTIONIZES INSURANCE WITH TRANSPARENCY, SECURITY, AND EFFICIENCY
7.5
CLOUD COMPUTING
7.5.1
DISASTER RECOVERY AND BUSINESS CONTINUITY STRENGTHENED WITH DATA REDUNDANCY AND MINIMAL DOWNTIME
7.6
OTHER TECHNOLOGIES
8
INSURANCE PLATFORM MARKET, BY APPLICATION
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 26 Data Tables
141
8.1
INTRODUCTION
8.1.1
APPLICATION: INSURANCE PLATFORM MARKET DRIVERS
8.2
CLAIMS MANAGEMENT
8.2.1
VIRTUAL CLAIMS HANDLING
8.2.1.1
ACCELERATED AUTOMATION AND INSPECTION TO LEAD TO IMPROVED CUSTOMER SATISFACTION
8.2.2
CLAIMS PROCESSING
8.2.2.1
ENHANCED PROCESSING WITH AI-POWERED PLATFORMS FOR FASTER DIGITAL WORKFLOWS
8.2.3
CLAIMS ANALYTICS
8.2.3.1
AUTOMATING RAW DATA INTO STRATEGIC INTELLIGENCE TO MAKE SMARTER DECISIONS
8.2.4
CLAIMS WORKFLOW AUTOMATION
8.2.4.1
AI, RPA, AND INTELLIGENT DOCUMENT PROCESSING TO OPTIMIZE CLAIMS LIFECYCLE
8.2.5
OTHERS
8.2.5.1
AI-DRIVEN FRAUD DETECTION AND THIRD-PARTY CLAIMS MANAGEMENT TO ENHANCE EFFICIENCY ACCURACY
8.3
UNDERWRITING & RISK MANAGEMENT
8.3.1
GROUP INSURANCE UNDERWRITING
8.3.1.1
LEVERAGES STATISTICAL DATA TO DETERMINE COVERAGE TERMS AND PRICING
8.3.2
RISK ASSESSMENT & MODELING
8.3.2.1
ADVANCED AI AND ML USAGE TO ENSURE FAIR PRICING AND SMARTER DECISION-MAKING
8.3.3
RISK PREDICTION
8.3.3.1
ADVANCED ML MODELS REFINE RISK PREDICTION TO IMPROVE ACCURACY AND OPERATIONAL EFFICIENCY
8.3.4
OTHERS
8.3.4.1
OPTIMIZED UNDERWRITING DECISION SUPPORT & PORTFOLIO MANAGEMENT FOR EFFECTIVE RISK MANAGEMENT STRATEGIES
8.4
INSURANCE WORKFLOW AUTOMATION
8.4.1
LEAD MANAGEMENT
8.4.1.1
AUTOMATED LEAD MANAGEMENT TO HELP ENHANCE SALES EFFICIENCY AND CUSTOMER SATISFACTION
8.4.2
INTELLIGENT DOCUMENT PROCESSING
8.4.2.1
ENHANCED ACCURACY AND FASTER DECISION-MAKING FOR REGULATORY COMPLIANCE AND COST REDUCTION
8.4.3
VIDEO KYC/EKYC
8.4.3.1
REDUCED OPERATIONAL COSTS AND SEAMLESS DIGITAL EXPERIENCE
8.4.4
PRICING & QUOTE MANAGEMENT
8.4.4.1
AUTOMATED PRICING & QUOTE MANAGEMENT IMPROVES EFFICIENCY AND OFFERS DATA-DRIVEN PREMIUMS
8.4.5
OTHERS
8.4.5.1
ENHANCED EFFICIENCY AND DECISION-MAKING WITH COLLABORATION, SELF-SERVICE, AND PORTFOLIO MANAGEMENT
8.5
CUSTOMER RELATIONSHIP MANAGEMENT
8.5.1
CUSTOMER DATA MANAGEMENT
8.5.1.1
PREDICTIVE ANALYTICS AND SEAMLESS INTEGRATION MAKE DATA ACTIONABLE AND VALUABLE FOR CUSTOMER-CENTRIC STRATEGIES
8.5.2
CUSTOMER INTERACTION & ENGAGEMENT
8.5.2.1
AUTOMATED MARKETING CAMPAIGNS AND DYNAMIC CONTENT RECOMMENDATIONS TO ENHANCE CUSTOMER JOURNEY EXPERIENCE
8.5.3
CUSTOMER SUPPORT & SERVICE
8.5.3.1
AI-DRIVEN TICKETING SYSTEMS STREAMLINE ISSUE RESOLUTION
8.5.4
CHATBOTS & VIRTUAL ASSISTANTS
8.5.4.1
AI-POWERED CHATBOTS AND VIRTUAL ASSISTANTS FOR SEAMLESS CUSTOMER INTERACTIONS
8.5.5
OTHERS
8.5.5.1
ENHANCED CUSTOMER RETENTION AND LOYALTY WITH DATA-DRIVEN CRM STRATEGIES AND ONBOARDING
8.6
BILLING & PAYMENTS
8.6.1
PREMIUM BILLING & INVOICING
8.6.1.1
AUTOMATED PREMIUM BILLING & INVOICING FOR ACCURATE AND EFFICIENT PAYMENT PROCESSING
8.6.2
ONLINE PAYMENT PROCESSING
8.6.2.1
SECURE PAYMENT PROCESSING WITH MULTIPLE METHODS AND FRAUD PROTECTION
8.6.3
RECONCILIATION & ACCOUNTING
8.6.3.1
SEAMLESS RECONCILIATION AND ACCOUNTING FOR TRANSPARENT FINANCIAL TRACKING AND COMPLIANCE
8.6.4
OTHERS
8.6.4.1
PAYMENT FRAUD DETECTION AND SEAMLESS MULTI-CURRENCY & CROSS-BORDER TRANSACTIONS
8.7
DATA ANALYTICS
8.7.1
SUBROGATION ANALYTICS
8.7.1.1
AI-DRIVEN SUBROGATION ANALYTICS TO MAXIMIZE RECOVERIES AND REDUCE CLAIM EXPENSES
8.7.2
PERFORMANCE TRACKING & REPORTING
8.7.2.1
REAL-TIME TRACKING FOR OPTIMIZED INSURANCE OPERATIONS AND DECISION-MAKING
8.7.3
FRAUD DETECTION & PREVENTION
8.7.3.1
ADVANCED FRAUD DETECTION & PREVENTION USING AI, MACHINE LEARNING, AND BIG DATA
8.7.4
CYBER RISK ANALYTICS
8.7.4.1
COMPREHENSIVE CYBER RISK ANALYTICS FOR ACCURATE UNDERWRITING AND PROACTIVE THREAT MITIGATION
8.7.5
BEHAVIORAL ANALYTICS
8.7.5.1
PERSONALIZED INSURANCE, RISK ASSESSMENT, AND FRAUD PREVENTION STRATEGIES
8.8
COMPLIANCE & REPORTING
8.8.1
REGULATORY COMPLIANCE MANAGEMENT
8.8.1.1
KEY TO EVOLVING INSURANCE INDUSTRY STANDARDS AND REGULATIONS
8.8.2
REPORTING AUTOMATION
8.8.2.1
HELPS STREAMLINE COMPLIANCE, FINANCIAL, AND OPERATIONAL DATA MANAGEMENT IN INSURANCE
8.8.3
COMPLIANCE AUDITING
8.8.3.1
ENSURES ADHERENCE TO INDUSTRY REGULATIONS AND INTERNAL POLICY STANDARDS
8.8.4
RISK & GOVERNANCE MANAGEMENT
8.8.4.1
STRENGTHENS REGULATORY COMPLIANCE AND OPERATIONAL RESILIENCE IN INSURANCE
8.8.5
OTHERS
8.8.5.1
ANTI-MONEY LAUNDERING AND COMPLIANCE MONITORING TO STRENGTHEN REGULATORY INTEGRITY IN INSURANCE
8.9
POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT
8.9.1
POLICY CREATION & MODIFICATION
8.9.1.1
OFFER PERSONALIZED INSURANCE COVERAGE AND REGULATORY COMPLIANCE
8.9.2
POLICY MANAGEMENT
8.9.2.1
PROVIDES SEAMLESS ADMINISTRATION, RENEWAL, AND CUSTOMER ENGAGEMENT IN INSURANCE
8.9.3
PREMIUM COLLECTION
8.9.3.1
SECURE, AUTOMATED, AND FRAUD-RESISTANT PAYMENT PROCESSING
8.9.4
PAYOUT & DISBURSEMENT MANAGEMENT
8.9.4.1
ENABLES FASTER, TRANSPARENT, AND DATA-DRIVEN CLAIMS SETTLEMENT
8.9.5
OTHERS
8.9.5.1
AUTOMATED ENDORSEMENTS, RENEWALS, COLLECTION MANAGEMENT, AND RECONCILIATION IN MODERN PLATFORMS
8.10
SALES & MARKETING
8.10.1
AGENCY & BROKER MANAGEMENT
8.10.1.1
REVOLUTIONIZED AGENCY & BROKER MANAGEMENT WITH AI, DIGITAL TOOLS, AND AUTOMATION
8.10.2
DIRECT-TO-CONSUMER SALES
8.10.2.1
PERSONALIZATION, E-COMMERCE, AND DATA INSIGHTS – KEY TRANSFORMATION FACTORS
8.10.3
DIGITAL SALES ENABLEMENT
8.10.3.1
AI, AUTOMATION, AND SMART ANALYTICS – KEY ENABLERS
8.10.4
OTHERS
8.10.4.1
OPTIMIZED LEAD MANAGEMENT AND PERSONALIZED RECOMMENDATIONS IN INSURANCE PLATFORMS WITH AI
8.11
DIGITAL ENGAGEMENT & PORTALS
8.11.1
CUSTOMER PORTALS & SELF-SERVICE
8.11.1.1
ENHANCED CUSTOMER EXPERIENCE WITH AI-POWERED PORTALS AND SELF-SERVICE
8.11.2
MOBILE APPS & DIGITAL CHANNELS
8.11.2.1
LEAD TO MAXIMIZED CUSTOMER ENGAGEMENT
8.11.3
CHATBOTS & VIRTUAL ASSISTANTS
8.11.3.1
REVOLUTIONIZING CUSTOMER SUPPORT WITH AI
8.12
PREDICTIVE MODELING/EXTREME EVENT FORECASTING
8.12.1
CLAIMS SEVERITY MODELING
8.12.1.1
ENHANCED COST ESTIMATION WITH AI, AUTOMATION, AND PREDICTIVE ANALYTICS
8.12.2
POLICY RECOMMENDATION ENGINES
8.12.2.1
OPTIMIZED ENGINES USING AI AND PERSONALIZED DATA INSIGHTS
8.12.3
EXTREME EVENT ANALYSIS
8.12.3.1
APPLIES PREDICTIVE MODELING AND MACHINE LEARNING
8.12.4
ACTUARIAL MODELING & PREDICTIONS
8.12.4.1
AI-DRIVEN RISK ASSESSMENT FOR FINANCIAL STABILITY
8.12.5
CATASTROPHE MODELING
8.12.5.1
IMPROVING CATASTROPHE MODELING THROUGH AI, BIG DATA, AND SIMULATION TECHNIQUES
8.13
OTHER APPLICATIONS
9
INSURANCE PLATFORM MARKET, BY INSURANCE TYPE
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 12 Data Tables
182
9.1
INTRODUCTION
9.1.1
INSURANCE TYPE: INSURANCE PLATFORM MARKET DRIVERS
9.2
HEALTH INSURANCE
9.2.1
AI AND AUTOMATION USED FOR EFFICIENCY AND GROWTH IN HEALTHCARE
9.3
LIFE & ANNUITY INSURANCE
9.3.1
AUTOMATION AND ANALYTICS TO TRANSFORM INSURANCE LANDSCAPE
9.4
PROPERTY & CASUALTY INSURANCE
9.4.1
HOMEOWNERS INSURANCE
9.4.1.1
INNOVATION AND RESILIENCE – SHAPING THE FUTURE OF HOME INSURANCE
9.4.2
AUTO INSURANCE
9.4.2.1
DIGITAL TRANSFORMATION BEING LEVERAGED FOR FUTURE MOBILITY
9.4.3
COMMERCIAL INSURANCE
9.4.3.1
AUTOMATION & RISK MANAGEMENT – KEY FOCUS AREAS
9.4.4
OTHERS
9.5
SPECIALTY INSURANCE
9.5.1
TRAVEL INSURANCE
9.5.1.1
TECHNOLOGY AND CUSTOMIZATION TO SHAPE THE FUTURE OF TRAVEL
9.5.2
PET INSURANCE
9.5.2.1
ENSURES AFFORDABLE VETERINARY CARE
9.5.3
MARINE & AVIATION INSURANCE
9.5.3.1
NAVIGATE EVOLVING RISKS AND INNOVATIONS IN MARINE AND AVIATION INSURANCE
9.5.4
ASSET INSURANCE
9.5.4.1
PROTECT VALUABLE ASSETS WITH ADAPTIVE AND DATA-DRIVEN INSURANCE
9.5.5
OTHERS
9.6
OTHER INSURANCE TYPES
10
INSURANCE PLATFORM MARKET, BY OFFERING
Market Size & Growth Rate Forecast Analysis to 2030 in USD Million | 34 Data Tables
195
10.1
INTRODUCTION
10.1.1
OFFERING: INSURANCE PLATFORM MARKET DRIVERS
10.2
SOFTWARE
10.2.1
CORE INSURANCE PLATFORMS
10.2.1.1
FUNDAMENTAL TO STREAMLINING POLICY ADMINISTRATION, UNDERWRITING, CLAIMS PROCESSING, AND BILLING
10.2.2
INSURANCE TECHNOLOGY PLATFORMS
10.2.2.1
INTEGRATE ADVANCED DIGITAL TOOLS THAT ENHANCE DECISION-MAKING, RISK MANAGEMENT, AND CUSTOMER ENGAGEMENT
10.2.3
INSURANCE OPERATIONS & MANAGEMENT PLATFORMS
10.2.3.1
FOCUS ON REDUCING MANUAL EFFORT AND IMPROVING EFFICIENCY
10.3
SERVICES
10.3.1
PROFESSIONAL SERVICES
10.3.1.1
LEVERAGED BY INSURERS TO ACCELERATE INNOVATION, IMPROVE CUSTOMER ENGAGEMENT, AND DRIVE SUSTAINABLE GROWTH
10.3.1.2
CONSULTING & ADVISORY
10.3.1.3
INTEGRATION & IMPLEMENTATION
10.3.1.4
CUSTOM PLATFORM DESIGN & DEVELOPMENT
10.3.1.5
TRAINING & EDUCATION
10.3.2
MANAGED SERVICES
10.3.2.1
PROVIDE END-TO-END OPERATIONAL SUPPORT FOR SCALABILITY OF DIGITAL PLATFORMS
10.3.2.2
PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES
10.3.2.3
PLATFORM MAINTENANCE & SUPPORT SERVICES
10.3.2.4
DATA MANAGEMENT & MIGRATION SERVICES
10.3.2.5
SECURITY & COMPLIANCE SERVICES
11
INSURANCE PLATFORM MARKET, BY REGION
Comprehensive coverage of 7 Regions with country-level deep-dive of 19 Countries | 170 Data Tables.
215
11.1
INTRODUCTION
11.2
NORTH AMERICA
11.2.1
NORTH AMERICA: INSURANCE PLATFORM MARKET DRIVERS
11.2.2
NORTH AMERICA: MACROECONOMIC OUTLOOK
11.2.3
US
11.2.3.1
INCREASING DIGITAL TRANSFORMATION AND REGULATORY COMPLIANCE TO DRIVE MARKET
11.2.4
CANADA
11.2.4.1
COMMITMENT TO REGULATORY STABILITY AND ADVANCED TECHNOLOGICAL INFRASTRUCTURE CREATE CONDUCIVE MARKET ENVIRONMENT
11.3
EUROPE
11.3.1
EUROPE: INSURANCE PLATFORM MARKET DRIVERS
11.3.2
EUROPE: MACROECONOMIC OUTLOOK
11.3.3
UK
11.3.3.1
SEAMLESS CUSTOMER EXPERIENCES AND INTEGRATION WITH BROADER FINANCIAL SERVICES – KEY FOCUS AREAS
11.3.4
GERMANY
11.3.4.1
DIGITALIZATION AND INTEGRATION OF INSURTECH SOLUTIONS STREAMLINE INSURANCE PROCESSES
11.3.5
FRANCE
11.3.5.1
LEVERAGES AI AND DATA ANALYTICS IN INSURANCE PROCESSES
11.3.6
ITALY
11.3.6.1
INCREASING CONSUMER DEMAND FOR USER-FRIENDLY DIGITAL EXPERIENCE TO DRIVE MARKET
11.3.7
SPAIN
11.3.7.1
ADOPTION OF EMERGING TECHNOLOGIES ENHANCE UNDERWRITING PROCESSES AND CLAIMS MANAGEMENT
11.3.8
SWITZERLAND
11.3.8.1
REGULATORY FLEXIBILITY ENCOURAGES INSURERS TO INVEST IN INSURANCE PLATFORMS
11.3.9
REST OF EUROPE
11.4
ASIA PACIFIC
11.4.1
ASIA PACIFIC: INSURANCE PLATFORM MARKET DRIVERS
11.4.2
ASIA PACIFIC: MACROECONOMIC OUTLOOK
11.4.3
CHINA
11.4.3.1
RISE OF INSURTECH FIRMS AND TECH GIANTS IN INSURANCE SPACE TO RESHAPE MARKET
11.4.4
JAPAN
11.4.4.1
GOVERNMENT INITIATIVES AND REGULATORY CHANGES TO DRIVE MARKET
11.4.5
INDIA
11.4.5.1
FOCUS ON HYPER-PERSONALIZATION, AUTOMATION, AND DEEPER INTEGRATION WITH DIGITAL ECONOMY
11.4.6
SOUTH KOREA
11.4.6.1
PARTNERSHIPS BETWEEN TRADITIONAL INSURERS AND TECHNOLOGY FIRMS TO ENHANCE CUSTOMER EXPERIENCE
11.4.7
AUSTRALIA & NEW ZEALAND
11.4.7.1
SET TO EXPLORE AI POTENTIAL FOR INSURANCE PLATFORMS
11.4.8
SINGAPORE
11.4.8.1
PROGRESS OBSERVED IN ADVANCEMENT OF DIGITAL INSURANCE PLATFORM SOLUTIONS
11.4.9
REST OF ASIA PACIFIC
11.5
MIDDLE EAST & AFRICA
11.5.1
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET DRIVERS
11.5.2
MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK
11.5.3
MIDDLE EAST
11.5.3.1
SAUDI ARABIA
11.5.3.2
UAE
11.5.3.3
QATAR
11.5.3.4
REST OF MIDDLE EAST
11.5.4
AFRICA
11.6
LATIN AMERICA
11.6.1
LATIN AMERICA: INSURANCE PLATFORM MARKET DRIVERS
11.6.2
LATIN AMERICA: MACROECONOMIC OUTLOOK
11.6.3
BRAZIL
11.6.3.1
INSURTECH STARTUPS AND TRADITIONAL INSURERS LEVERAGE AI, BIG DATA, AND BLOCKCHAIN
11.6.4
MEXICO
11.6.4.1
MARKET EXPECTED TO CONTINUE GROWTH TRAJECTORY, DRIVEN BY TECHNOLOGICAL ADVANCEMENTS AND REGULATORY SUPPORT
11.6.5
ARGENTINA
11.6.5.1
INCREASING AWARENESS OF IMPORTANCE OF RISK MANAGEMENT TO DRIVE MARKET
11.6.6
REST OF LATIN AMERICA
12
COMPETITIVE LANDSCAPE
Discover how strategic maneuvers and tech innovations shape market leaders in insurance solutions.
290
12.1
OVERVIEW
12.2
KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025
12.3
REVENUE ANALYSIS, 2020–2024
12.4
MARKET SHARE ANALYSIS, 2024
12.4.1
MARKET RANKING ANALYSIS
12.5
PRODUCT COMPARATIVE ANALYSIS
12.5.1
CRM SOLUTIONS COMPARATIVE ANALYSIS
12.5.1.1
SALESFORCE FINANCIAL SERVICES CLOUD (SALESFORCE)
12.5.1.2
MICROSOFT DYNAMICS 365 FOR INSURANCE (MICROSOFT)
12.5.1.3
SAP CUSTOMER EXPERIENCE (SAP)
12.5.1.4
ORACLE INSURANCE POLICY ADMINISTRATION (OIPA) + ORACLE CX CLOUD (ORACLE)
12.5.1.5
SERVICENOW CUSTOMER SERVICE MANAGEMENT (SERVICENOW)
12.5.2
CLAIMS MANAGEMENT SOFTWARE COMPARATIVE ANALYSIS
12.5.2.1
BRITECLAIMS (BRITECORE)
12.5.2.2
SHIFT CLAIMS FRAUD DETECTION/SHIFT CLAIMS INTAKE (SHIFT TECHNOLOGY)
12.5.2.3
ONESHIELD CLAIMS (ONESHIELD)
12.5.2.4
INSURITY CLAIMSXPRESS (INSURITY)
12.5.2.5
SOCOTRA CLAIMS (SOCOTRA)
12.6
COMPANY VALUATION AND FINANCIAL METRICS
12.7
COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024
12.7.1
STARS
12.7.2
EMERGING LEADERS
12.7.3
PERVASIVE PLAYERS
12.7.4
PARTICIPANTS
12.7.5
COMPANY FOOTPRINT: KEY PLAYERS, 2024
12.7.5.1
COMPANY FOOTPRINT
12.7.5.2
REGIONAL FOOTPRINT
12.7.5.3
INSURANCE TYPE FOOTPRINT
12.7.5.4
APPLICATION FOOTPRINT
12.7.5.5
END USER FOOTPRINT
12.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024
12.8.1
PROGRESSIVE COMPANIES
12.8.2
RESPONSIVE COMPANIES
12.8.3
DYNAMIC COMPANIES
12.8.4
STARTING BLOCKS
12.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024
12.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
12.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
12.9
COMPETITIVE SCENARIO AND TRENDS
12.9.1
PRODUCT LAUNCHES AND ENHANCEMENTS
12.9.2
DEALS
13
COMPANY PROFILES
In-depth Company Profiles of Leading Market Players with detailed Business Overview, Product and Service Portfolio, Recent Developments, and Unique Analyst Perspective (MnM View)
317
13.1
INTRODUCTION
13.2
KEY PLAYERS
13.2.1
SALESFORCE
13.2.1.1
BUSINESS OVERVIEW
13.2.1.2
PRODUCTS OFFERED
13.2.1.3
RECENT DEVELOPMENTS
13.2.1.4
MNM VIEW
13.2.2
MICROSOFT
13.2.3
SAP
13.2.4
ORACLE
13.2.5
GOOGLE
13.2.6
IBM
13.2.7
ACCENTURE
13.2.8
ADOBE
13.2.9
COGNIZANT
13.2.10
VERISK
13.3
OTHER PLAYERS
13.3.1
SERVICENOW
13.3.2
DXC TECHNOLOGY
13.3.3
GUIDEWIRE SOFTWARE
13.3.4
PEGASYSTEMS
13.3.5
VERTAFORE
13.3.6
LEXISNEXIS
13.3.7
SAPIENS INTERNATIONAL CORPORATION
13.3.8
APPLIED SYSTEMS
13.3.9
MAJESCO
13.3.10
APPIAN
13.3.11
DUCK CREEK TECHNOLOGIES
13.3.12
INSURITY
13.3.13
EIS GROUP
13.3.14
BOLTTECH
13.3.15
FINEOS
13.4
SMES/STARTUPS
13.4.1
COALITION
13.4.2
ONESHIELD
13.4.3
SHIFT TECHNOLOGY
13.4.4
ENSUREDIT
13.4.5
SUREIFY
13.4.6
SOCOTRA
13.4.7
HYPEREXPONENTIAL
13.4.8
PRIMA SOLUTIONS
13.4.9
BRITECORE
13.4.10
ZIPARI
13.4.11
INSURESOFT
13.4.12
SYMBO
13.4.13
COGITATE TECHNOLOGY SOLUTIONS
13.4.14
INSUREDMINE
13.4.15
TRUSTLAYER
13.4.16
QUANTEMPLATE
13.4.17
AGENCYSMART
13.4.18
JENESIS SOFTWARE
13.4.19
PERFECTQUOTE
13.4.20
INSUREDHQ
14
ADJACENT AND RELATED MARKETS
399
14.1
INTRODUCTION
14.2
FINTECH AS A SERVICE MARKET – GLOBAL FORECAST TO 2029
14.2.1
MARKET DEFINITION
14.2.2
MARKET OVERVIEW
14.2.2.1
FINTECH AS A SERVICE MARKET, BY TYPE
14.2.2.2
FINTECH AS A SERVICE MARKET, BY TECHNOLOGY
14.2.2.3
FINTECH AS A SERVICE MARKET, BY APPLICATION
14.2.2.4
FINTECH AS A SERVICE MARKET, BY END USER
14.2.2.5
FINTECH AS A SERVICE MARKET, BY REGION
14.3
DIGITAL LENDING MARKET – GLOBAL FORECAST TO 2026
14.3.1
MARKET DEFINITION
14.3.2
MARKET OVERVIEW
14.3.2.1
DIGITAL LENDING MARKET, BY OFFERING
14.3.2.2
DIGITAL LENDING MARKET, BY DEPLOYMENT MODE
14.3.2.3
DIGITAL LENDING MARKET, BY END USER
14.3.2.4
DIGITAL LENDING MARKET, BY REGION
15
APPENDIX
408
15.1
DISCUSSION GUIDE
15.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
15.3
CUSTOMIZATION OPTIONS
15.4
RELATED REPORTS
15.5
AUTHOR DETAILS
LIST OF TABLES
TABLE 1
USD EXCHANGE RATE, 2020–2024
TABLE 2
PRIMARY INTERVIEWS
TABLE 3
FACTOR ANALYSIS
TABLE 4
GLOBAL INSURANCE PLATFORM MARKET SIZE AND GROWTH RATE, 2020–2024 (USD MILLION, Y-O-Y %)
TABLE 5
GLOBAL INSURANCE PLATFORM MARKET SIZE AND GROWTH RATE, 2025–2030 (USD MILLION, Y-O-Y %)
TABLE 6
INSURANCE PLATFORM MARKET: ECOSYSTEM
TABLE 7
NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 8
EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 9
ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 10
MIDDLE EAST AND AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 11
LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 12
PATENTS FILED, 2016–2025
TABLE 13
INSURANCE PLATFORM MARKET: KEY PATENTS, 2024–2025
TABLE 14
PRICING OF INSURANCE PLATFORMS, BY APPLICATION
TABLE 15
PRICING DATA OF INSURANCE PLATFORMS, BY INSURANCE TYPE
TABLE 16
INSURANCE PLATFORM MARKET: KEY CONFERENCES AND EVENTS
TABLE 17
PORTER’S FIVE FORCES: IMPACT ON INSURANCE PLATFORM MARKET
TABLE 18
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
TABLE 19
KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
TABLE 20
INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 21
INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 22
INSURANCE COMPANIES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 23
INSURANCE COMPANIES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 24
INSURANCE AGENCIES & BROKERS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 25
INSURANCE AGENCIES & BROKERS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 26
THIRD-PARTY ADMINISTRATORS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 27
THIRD-PARTY ADMINISTRATORS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 28
OTHER END USERS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 29
OTHER END USERS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 30
INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 31
INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 32
AI & ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 33
AI & ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 34
IOT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 35
IOT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 36
BLOCKCHAIN: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 37
BLOCKCHAIN: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 38
CLOUD COMPUTING: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 39
CLOUD COMPUTING: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 40
OTHER TECHNOLOGIES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 41
OTHER TECHNOLOGIES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 42
INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 43
INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 44
CLAIMS MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 45
CLAIMS MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 46
UNDERWRITING & RISK MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 47
UNDERWRITING & RISK MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 48
INSURANCE WORKFLOW AUTOMATION: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 49
INSURANCE WORKFLOW AUTOMATION: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 50
CUSTOMER RELATIONSHIP MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 51
CUSTOMER RELATIONSHIP MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 52
BILLING & PAYMENTS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 53
BILLING & PAYMENTS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 54
DATA ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 55
DATA ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 56
COMPLIANCE & REPORTING: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 57
COMPLIANCE & REPORTING: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 58
POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 59
POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 60
SALES & MARKETING: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 61
SALES & MARKETING: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 62
DIGITAL ENGAGEMENT & PORTALS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 63
DIGITAL ENGAGEMENT & PORTALS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 64
PREDICTIVE MODELING/EXTREME EVENT FORECASTING: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 65
PREDICTIVE MODELING/EXTREME EVENT FORECASTING: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 66
OTHER APPLICATIONS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 67
OTHER APPLICATIONS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 68
INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 69
INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 70
HEALTH INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 71
HEALTH INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 72
LIFE & ANNUITY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 73
LIFE & ANNUITY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 74
P&C INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 75
P&C INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 76
SPECIALTY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 77
SPECIALTY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 78
OTHER INSURANCE TYPES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 79
OTHER INSURANCE TYPES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 80
INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 81
INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 82
INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 83
INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 84
CORE INSURANCE PLATFORMS MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 85
CORE INSURANCE PLATFORMS MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 86
INSURANCE TECHNOLOGY PLATFORMS MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 87
INSURANCE TECHNOLOGY PLATFORMS MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 88
INSURANCE OPERATIONS & MANAGEMENT PLATFORMS MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 89
INSURANCE OPERATIONS & MANAGEMENT PLATFORMS MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 90
INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 91
INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 92
INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 93
INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 94
CONSULTING & ADVISORY SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 95
CONSULTING & ADVISORY SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 96
INTEGRATION & IMPLEMENTATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 97
INTEGRATION & IMPLEMENTATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 98
CUSTOM PLATFORM DESIGN & DEVELOPMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 99
CUSTOM PLATFORM DESIGN & DEVELOPMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 100
TRAINING & EDUCATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 101
TRAINING & EDUCATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 102
INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 103
INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 104
MANAGED SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 105
MANAGED SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 106
PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 107
PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 108
PLATFORM MAINTENANCE & SUPPORT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 109
PLATFORM MAINTENANCE & SUPPORT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 110
DATA MANAGEMENT & MIGRATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 111
DATA MANAGEMENT & MIGRATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 112
SECURITY & COMPLIANCE SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 113
SECURITY & COMPLIANCE SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 114
INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 115
INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 116
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 117
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 118
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 119
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 120
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 121
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 122
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 123
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 124
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 125
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 126
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 127
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 128
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 129
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 130
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 131
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 132
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 133
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 134
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 135
NORTH AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 136
US: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 137
US: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 138
US: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 139
US: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 140
CANADA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 141
CANADA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 142
CANADA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 143
CANADA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 144
EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 145
EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 146
EUROPE: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 147
EUROPE: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 148
EUROPE: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 149
EUROPE: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 150
EUROPE: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 151
EUROPE: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 152
EUROPE: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 153
EUROPE: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 154
EUROPE: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 155
EUROPE: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 156
EUROPE: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 157
EUROPE: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 158
EUROPE: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 159
EUROPE: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 160
EUROPE: INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 161
EUROPE: INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 162
EUROPE: INSURANCE PLATFORM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 163
EUROPE: INSURANCE PLATFORM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 164
UK: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 165
UK: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 166
UK: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 167
UK: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 168
GERMANY: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 169
GERMANY: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 170
GERMANY: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 171
GERMANY: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 172
FRANCE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 173
FRANCE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 174
ITALY: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 175
ITALY: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 176
SPAIN: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 177
SPAIN: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 178
SWITZERLAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 179
SWITZERLAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 180
REST OF EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 181
REST OF EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 182
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 183
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 184
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 185
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 186
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 187
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 188
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 189
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 190
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 191
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 192
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 193
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 194
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 195
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 196
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 197
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 198
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 199
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 200
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 201
ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 202
CHINA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 203
CHINA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 204
CHINA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 205
CHINA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 206
JAPAN: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 207
JAPAN: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 208
INDIA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 209
INDIA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 210
INDIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 211
INDIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 212
SOUTH KOREA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 213
SOUTH KOREA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 214
AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 215
AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 216
SINGAPORE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 217
SINGAPORE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 218
REST OF ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 219
REST OF ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 220
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 221
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 222
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 223
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 224
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 225
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 226
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 227
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 228
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 229
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 230
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 231
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 232
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 233
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 234
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 235
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 236
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 237
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 238
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)
TABLE 239
MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)
TABLE 240
MIDDLE EAST: INSURANCE PLATFORM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 241
MIDDLE EAST: INSURANCE PLATFORM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 242
SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 243
SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 244
SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 245
SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 246
UAE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 247
UAE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 248
QATAR: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 249
QATAR: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 250
REST OF MIDDLE EAST: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 251
REST OF MIDDLE EAST: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 252
AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 253
AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 254
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 255
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 256
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)
TABLE 257
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)
TABLE 258
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 259
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 260
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 261
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 262
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)
TABLE 263
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)
TABLE 264
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)
TABLE 265
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)
TABLE 266
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)
TABLE 267
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)
TABLE 268
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 269
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 270
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)
TABLE 271
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)
TABLE 272
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY, 2020–2024 (USD MILLION)
TABLE 273
LATIN AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY, 2025–2030 (USD MILLION)
TABLE 274
BRAZIL: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 275
BRAZIL: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 276
BRAZIL: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)
TABLE 277
BRAZIL: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)
TABLE 278
MEXICO: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 279
MEXICO: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 280
ARGENTINA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 281
ARGENTINA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 282
REST OF LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)
TABLE 283
REST OF LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)
TABLE 284
OVERVIEW OF STRATEGIES ADOPTED BY KEY INSURANCE PLATFORM VENDORS, 2022–2025
TABLE 285
INSURANCE PLATFORM MARKET: DEGREE OF COMPETITION
TABLE 286
REGIONAL FOOTPRINT (25 COMPANIES), 2024
TABLE 287
INSURANCE TYPE FOOTPRINT (25 COMPANIES), 2024
TABLE 288
APPLICATION FOOTPRINT (25 COMPANIES), 2024
TABLE 289
END USER FOOTPRINT (25 COMPANIES), 2024
TABLE 290
INSURANCE PLATFORM MARKET: KEY STARTUPS/SMES, 2024
TABLE 291
INSURANCE PLATFORM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
TABLE 292
INSURANCE PLATFORM MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, 2022–2025
TABLE 293
INSURANCE PLATFORM MARKET: DEALS, 2022–2025
TABLE 294
SALESFORCE: BUSINESS OVERVIEW
TABLE 295
SALESFORCE: PRODUCTS OFFERED
TABLE 296
SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 297
SALESFORCE: DEALS
TABLE 298
MICROSOFT: BUSINESS OVERVIEW
TABLE 299
MICROSOFT: PRODUCTS OFFERED
TABLE 300
MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 301
MICROSOFT: DEALS
TABLE 302
SAP: BUSINESS OVERVIEW
TABLE 303
SAP: PRODUCTS OFFERED
TABLE 304
SAP: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 305
SAP: DEALS
TABLE 306
ORACLE: BUSINESS OVERVIEW
TABLE 307
ORACLE: PRODUCTS OFFERED
TABLE 308
ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 309
ORACLE: DEALS
TABLE 310
GOOGLE: BUSINESS OVERVIEW
TABLE 311
GOOGLE: PRODUCTS
TABLE 312
GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 313
GOOGLE: DEALS
TABLE 314
IBM: BUSINESS OVERVIEW
TABLE 315
IBM: PRODUCTS OFFERED
TABLE 316
IBM: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 317
IBM: DEALS
TABLE 318
ACCENTURE: BUSINESS OVERVIEW
TABLE 319
ACCENTURE: PRODUCTS OFFERED
TABLE 320
ACCENTURE: DEALS
TABLE 321
ADOBE: BUSINESS OVERVIEW
TABLE 322
ADOBE: PRODUCTS OFFERED
TABLE 323
ADOBE: PRODUCT LAUNCHES AND ENHANCEMENTS
TABLE 324
ADOBE: DEALS
TABLE 325
COGNIZANT: BUSINESS OVERVIEW
TABLE 326
COGNIZANT: PRODUCTS OFFERED
TABLE 327
COGNIZANT: DEALS
TABLE 328
VERISK: BUSINESS OVERVIEW
TABLE 329
VERISK: PRODUCTS OFFERED
TABLE 330
VERISK: DEALS
TABLE 331
FINTECH AS A SERVICE MARKET, BY TYPE, 2018–2023 (USD MILLION)
TABLE 332
FINTECH AS A SERVICE MARKET, BY TYPE, 2024–2029 (USD MILLION)
TABLE 333
FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2018–2023 (USD MILLION)
TABLE 334
FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)
TABLE 335
FINTECH AS A SERVICE MARKET, BY APPLICATION, 2018–2023 (USD MILLION)
TABLE 336
FINTECH AS A SERVICE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)
TABLE 337
FINTECH AS A SERVICE MARKET, BY END USER, 2018–2023 (USD MILLION)
TABLE 338
FINTECH AS A SERVICE MARKET, BY END USER, 2024–2029 (USD MILLION)
TABLE 339
FINTECH AS A SERVICE MARKET, BY REGION, 2018–2023 (USD MILLION)
TABLE 340
FINTECH AS A SERVICE MARKET, BY REGION, 2024–2029 (USD MILLION)
TABLE 341
DIGITAL LENDING MARKET, BY OFFERING, 2017–2020 (USD MILLION)
TABLE 342
DIGITAL LENDING MARKET, BY OFFERING, 2021–2026 (USD MILLION)
TABLE 343
DIGITAL LENDING MARKET, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)
TABLE 344
DIGITAL LENDING MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)
TABLE 345
DIGITAL LENDING MARKET, BY END USER, 2017–2020 (USD MILLION)
TABLE 346
DIGITAL LENDING MARKET, BY END USER, 2021–2026 (USD MILLION)
TABLE 347
DIGITAL LENDING MARKET, BY REGION, 2017–2020 (USD MILLION)
TABLE 348
DIGITAL LENDING MARKET, BY REGION 2021–2026 (USD MILLION)
LIST OF FIGURES
FIGURE 1
INSURANCE PLATFORM MARKET SEGMENTATION & REGIONS
FIGURE 2
INSURANCE PLATFORM MARKET: RESEARCH DESIGN
FIGURE 3
DATA TRIANGULATION
FIGURE 4
INSURANCE PLATFORM MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
FIGURE 5
APPROACH 1, BOTTOM-UP (SUPPLY-SIDE) – REVENUE FROM SOLUTIONS/SERVICES OF INSURANCE PLATFORM MARKET
FIGURE 6
APPROACH 2 - BOTTOM-UP (SUPPLY-SIDE) – COLLECTIVE REVENUE FROM KEY COMPANIES IN THE INSURANCE PLATFORM MARKET
FIGURE 7
MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3, BOTTOM-UP (SUPPLY-SIDE) – COLLECTIVE REVENUE FROM ALL SOLUTIONS/ SERVICES OF INSURANCE PLATFORM MARKET
FIGURE 8
MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4, BOTTOM-UP (DEMAND-SIDE) – SHARE OF INSURANCE PLATFORM THROUGH OVERALL INSURANCE PLATFORM SPENDING
FIGURE 9
SOFTWARE TO BE LARGEST OFFERING SEGMENT IN 2025
FIGURE 10
INSURANCE TECHNOLOGY PLATFORMS SOFTWARE TO HOLD MAJOR SHARE IN 2025
FIGURE 11
PROFESSIONAL SERVICES TO LEAD SEGMENT IN 2025
FIGURE 12
CONSULTING & ADVISORY TO LEAD AMONG PROFESSIONAL SERVICES IN 2025
FIGURE 13
PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES TO DOMINATE IN 2025
FIGURE 14
CLOUD COMPUTING TO LEAD AMONG TECHNOLOGIES IN 2025
FIGURE 15
CLAIMS MANAGEMENT TO EMERGE AS LARGEST APPLICATION SEGMENT IN 2025
FIGURE 16
P&C INSURANCE TO ACCOUNT FOR MAJORITY OF MARKET IN 2025
FIGURE 17
THIRD-PARTY ADMINISTRATORS TO BE FASTEST-GROWING END USER OVER FORECAST PERIOD
FIGURE 18
ASIA PACIFIC TO REGISTER FASTEST GROWTH RATE DURING FORECAST PERIOD
FIGURE 19
DIGITAL TRANSFORMATION AND EVOLVING CONSUMER EXPECTATIONS DRIVE INSURANCE PLATFORM MARKET
FIGURE 20
PREDICTIVE MODELING/EXTREME EVENT FORECASTING TO WITNESS HIGHEST GROWTH RATE
FIGURE 21
INSURANCE TECHNOLOGY PLATFORMS AND P&C INSURANCE - LARGEST SHAREHOLDERS IN NORTH AMERICA IN 2025
FIGURE 22
NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2025
FIGURE 23
DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: INSURANCE PLATFORM MARKET
FIGURE 24
DIGITAL TRANSFORMATION MARKET, BY REGION
FIGURE 25
GLOBAL EARLY-STAGE INSURTECH DEAL SIZE (USD MILLION)
FIGURE 26
INSURANCE PLATFORM MARKET EVOLUTION
FIGURE 27
INSURANCE PLATFORM MARKET: SUPPLY CHAIN ANALYSIS
FIGURE 28
KEY PLAYERS IN INSURANCE PLATFORM MARKET ECOSYSTEM
FIGURE 29
INSURANCE PLATFORM MARKET: INVESTMENT LANDSCAPE AND FUNDING SCENARIO
FIGURE 30
GLOBAL INSURANCE PLATFORM INVESTMENTS, 2020 TO 2024
FIGURE 31
POTENTIAL OF GENERATIVE AI IN INSURANCE PLATFORM USE CASES
FIGURE 32
NUMBER OF PATENTS GRANTED, 2016–2025
FIGURE 33
REGIONAL ANALYSIS OF PATENTS GRANTED, 2016–2025
FIGURE 34
INSURANCE PLATFORM MARKET: PORTER’S FIVE FORCES ANALYSIS
FIGURE 35
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 36
INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS
FIGURE 37
KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS
FIGURE 38
INSURANCE COMPANIES – LARGEST END USER SEGMENT DURING FORECAST PERIOD
FIGURE 39
AI & ANALYTICS TECHNOLOGY SEGMENT TO DOMINATE BY 2030
FIGURE 40
PREDICTIVE MODELING/EXTREME EVENT FORECASTING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 41
HEALTH INSURANCE TO BE LARGEST SEGMENT IN 2030
FIGURE 42
SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 43
INSURANCE TECHNOLOGY SOFTWARE TO GROW FASTEST DURING FORECAST PERIOD
FIGURE 44
MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
FIGURE 45
NORTH AMERICA TO BE LARGEST REGIONAL MARKET DURING FORECAST PERIOD
FIGURE 46
INDIA TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD
FIGURE 47
NORTH AMERICA: INSURANCE PLATFORM MARKET SNAPSHOT
FIGURE 48
ASIA PACIFIC: INSURANCE PLATFORM MARKET SNAPSHOT
FIGURE 49
TOP FIVE DOMINANT PLAYERS IN INSURANCE PLATFORM, 2020–2024 (USD MILLION)
FIGURE 50
SHARE OF LEADING COMPANIES IN INSURANCE PLATFORM MARKET, 2024
FIGURE 51
CRM SOLUTION COMPARATIVE ANALYSIS
FIGURE 52
CLAIMS MANAGEMENT SOFTWARE COMPARATIVE ANALYSIS
FIGURE 53
FINANCIAL METRICS OF KEY VENDORS
FIGURE 54
YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS
FIGURE 55
INSURANCE PLATFORM MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2024
FIGURE 56
COMPANY FOOTPRINT (25 COMPANIES), 2024
FIGURE 57
INSURANCE PLATFORM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024
FIGURE 58
SALESFORCE: COMPANY SNAPSHOT
FIGURE 59
MICROSOFT: COMPANY SNAPSHOT
FIGURE 60
SAP: COMPANY SNAPSHOT
FIGURE 61
ORACLE: COMPANY SNAPSHOT
FIGURE 62
GOOGLE: COMPANY SNAPSHOT
FIGURE 63
IBM: COMPANY SNAPSHOT
FIGURE 64
ACCENTURE: COMPANY SNAPSHOT
FIGURE 65
ADOBE: COMPANY SNAPSHOT
FIGURE 66
COGNIZANT: COMPANY SNAPSHOT
FIGURE 67
VERISK: COMPANY SNAPSHOT
Methodology
The research study for the insurance platform market involved extensive secondary sources, directories, journals, and paid databases. Primary sources were mainly industry experts from the core and related industries, preferred Insurance platform providers, third-party service providers, consulting service providers, end users, and other commercial enterprises. In-depth interviews with primary respondents, including key industry participants and subject matter experts, were conducted to obtain and verify critical qualitative and quantitative information and assess the market’s prospects.
Secondary Research
In the secondary research process, various sources were referred to to identify and collect information for the study. The secondary sources included annual reports, press releases, investor presentations of companies, white papers, journals, certified publications, and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as AI conferences and related magazines. Additionally, the Insurance platform spending of various countries was extracted from respective sources. Secondary research was used to obtain key information about the industry’s value chain and supply chain to identify key players by solution, service, market classification, and segmentation according to the offerings of major players and industry trends related to solutions, applications, verticals, and regions, and key developments from both market and technology-oriented perspectives.
Primary Research
In the primary research process, various primary sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, including Chief Experience Officers (CXOs); Vice Presidents (VPs); directors from business development, marketing, and Insurance platform expertise; related key executives from Insurance platform solution vendors, SIs, managed service providers, and industry associations; and key opinion leaders.
Primary interviews were conducted to gather insights, such as market statistics, revenue data collected from solutions and services, market breakups, market size estimations, market forecasts, and data triangulation. Primary research also helped understand various trends related to technologies, applications, data types, service types, software types, verticals, and regions. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), Chief Strategy Officers (CSOs), and end users using Insurance platform solutions, were interviewed to understand the buyer’s perspective on suppliers, products, service providers, and their current usage of Insurance platform, which would impact the overall Insurance platform market.
Note: Tier 1 companies account for annual revenue of >USD 10 billion; tier 2 companies’ revenue ranges between USD 1 and 10 billion; and tier 3 companies’ revenue ranges between USD 500 million–USD 1 billion
Source: MarketsandMarkets Analysis
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
Multiple approaches were adopted to estimate and forecast the insurance platform market. The first approach involves estimating the market size by summating companies’ revenue generated by selling solutions and services.
Market Size Estimation Methodology- Top-down approach
In the top-down approach, an exhaustive list of all the vendors offering solutions and services in the Insurance platform market was prepared. The revenue contribution of the market vendors was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Each vendor's offerings were evaluated based on the breadth of solutions according to software type, service type, technology, data type, vertical, and vertical. The aggregate of all the companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its global market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CIOs, CEOs, VPs, directors, and marketing executives. The market numbers were further triangulated with the existing MarketsandMarkets repository for validation.
Market Size Estimation Methodology-Bottom-up approach
In the bottom-up approach, the adoption rate of Insurance platform solutions and services among different end users in key countries with respect to their regions contributing the most to the market share was identified. For cross-validation, the adoption of Insurance platform solutions among industries, along with different use cases with respect to their regions, was identified and extrapolated. Use cases identified in different regions were given weightage for the market size calculation.
Based on the market numbers, the regional split was determined by primary and secondary sources. The procedure included the analysis of the Insurance platform market’s regional penetration. Based on secondary research, the regional spending on Information and Communications Technology (ICT), socio-economic analysis of each country, strategic vendor analysis of major Insurance platform providers, and organic and inorganic business development activities of regional and global players were estimated. With the data triangulation procedure and data validation through primary interviews, the exact values of the overall Insurance platform market size and segments’ size were determined and confirmed using the study.
Insurance Platform Market : Top-Down and Bottom-Up Approach
Data Triangulation
The market was split into several segments and subsegments after arriving at the overall market size using the market size estimation processes as explained above. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakup procedures were employed, wherever applicable. The overall market size was then used in the top-down procedure to estimate the size of other individual markets via percentage splits of the market segmentation.
Market Definition
The insurance platform market comprises digital solutions that enable insurers to manage core processes such as policy administration, underwriting, claims management, and customer engagement. These platforms leverage cloud computing, automation, and data analytics to enhance operational efficiency, improve customer experiences, and support product innovation. They cater to insurers, brokers, and third-party service providers, facilitating seamless integration with ecosystems and regulatory compliance.
Stakeholders
- Insurance platform software providers
- Insurance data providers
- Third-Party administrators
- Business analysts
- Cloud service providers
- Consulting service providers
- Enterprise end-users
- Distributors and value-added resellers (VARs)
- Government agencies
- Independent Software Vendors (ISV)
- Managed service providers
- Market research and consulting firms
- Support & maintenance service providers
- System Integrators (SIs)/migration service providers
- Technology providers
Report Objectives
- To define, describe, and forecast the Insurance platform market by offering, application, technology, insurance type, and end-user
- To provide detailed information related to major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
- To analyze the micro markets with respect to individual growth trends, prospects, and their contribution to the total market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To analyze opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
- To forecast the market size of segments for five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To profile the key players and comprehensively analyze their market ranking and core competencies
- To analyze competitive developments, such as partnerships, product launches, and mergers and acquisitions, in the Insurance platform market
Available Customizations
With the given market data, MarketsandMarkets offers customizations as per your company’s specific needs. The following customization options are available for the report:
Product Analysis
- Product quadrant, which gives a detailed comparison of the product portfolio of each company.
Geographic Analysis as per Feasibility
- Further breakup of the North American insurance platform market
- Further breakup of the European market
- Further breakup of the Asia Pacific market
- Further breakup of the Middle Eastern & African market
- Further breakup of the Latin American insurance platform market
Company Information
- Detailed analysis and profiling of additional market players (up to five)
Key Questions Addressed by the Report
How did Trump tariffs affect the adoption of cloud-based insurance platforms?
The tariffs increased infrastructure costs for insurers migrating to digital platforms, particularly those utilizing imported hardware for data centers. This created budget constraints that slowed modernization initiatives for some carriers. However, it also accelerated the shift toward pure SaaS solutions that avoided hardware dependencies altogether.
What is an insurance platform?
An insurance platform is a comprehensive digital solution designed to streamline and automate various insurance processes. These platforms integrate key functions such as policy administration, claims processing, underwriting, and customer engagement within a single system. By leveraging modern technologies like AI, data analytics, and automation, insurance platforms help insurers enhance efficiency, improve customer experiences, and adapt to market changes.
How does an insurance platform differ from traditional insurance software?
Insurance platforms stand out from traditional insurance software due to their flexibility, scalability, and cloud-based architecture. Unlike conventional systems that may require extensive customization and maintenance, modern platforms are designed to be modular, allowing insurers to add or update features as needed.
What are the key benefits of using an insurance platform?
Insurance platforms offer numerous benefits that help insurers stay competitive. They improve operational efficiency by automating routine tasks, reducing manual errors, and accelerating claims and policy management processes. These platforms also enable insurers to deliver personalized customer experiences, ensuring faster response times and tailored product offerings. Additionally, insurance platforms provide valuable insights through data analytics, empowering better risk assessment and informed decision-making.
What factors should insurers consider when choosing an insurance platform?
When selecting an insurance platform, insurers should prioritize scalability to ensure that the solution can grow with their business needs. Integration capabilities are crucial, allowing the platform to connect with existing systems and third-party services. Security features are also essential, given the insurance industry's sensitive nature of customer data. Customization options should be evaluated to ensure the platform can align with unique business requirements. Lastly, insurers should assess the platform provider's reputation, support services, and track record to ensure long-term reliability.
What trends are shaping the insurance platform market?
The insurance platform market is rapidly evolving, driven by key trends that enhance efficiency and customer satisfaction. Adopting AI and machine learning transforms risk assessment, fraud detection, and customer personalization. Embedded insurance models are gaining traction, allowing insurers to offer coverage directly within consumer transactions. No-code and low-code platforms are also emerging, enabling faster product development with minimal technical expertise. Additionally, insurers are increasingly using data analytics to create tailored offerings, while self-service portals and automation tools are improving customer convenience and reducing operational costs.
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