openPR Logo
Press release

Big Data in the Insurance Industry: Opportunities, Challenges, Strategies & Forecasts 2018 - 2030

Big Data in the Insurance Industry: Opportunities, Challenges, Strategies & Forecasts 2018 - 2030

Researchmoz added Most up-to-date research on "Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts" to its huge collection of research reports.

“Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has significantly expanded over the years. Big Data not only refers to the data itself but also a set of technologies that capture, store, manage and analyze large and variable collections of data, to solve complex problems.

Amid the proliferation of real-time and historical data from sources such as connected devices, web, social media, sensors, log files and transactional applications, Big Data is rapidly gaining traction from a diverse range of vertical sectors. The insurance industry is no exception to this trend, where Big Data has found a host of applications ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond.

To Get Sample Copy of Report visit @ www.researchmoz.us/enquiry.php?type=S&repid=1867484

SNS Telecom & IT estimates that Big Data investments in the insurance industry will account for more than $2.4 Billion in 2018 alone. Led by a plethora of business opportunities for insurers, reinsurers, insurance brokers, InsurTech specialists and other stakeholders, these investments are further expected to grow at a CAGR of approximately 14% over the next three years.

The “Big Data in the Insurance Industry: 2018 – 2030 – Opportunities, Challenges, Strategies & Forecasts” report presents an in-depth assessment of Big Data in the insurance industry including key market drivers, challenges, investment potential, application areas, use cases, future roadmap, value chain, case studies, vendor profiles and strategies. The report also presents market size forecasts for Big Data hardware, software and professional services investments from 2018 through to 2030. The forecasts are segmented for 8 horizontal submarkets, 8 application areas, 9 use cases, 6 regions and 35 countries.

The report comes with an associated Excel datasheet suite covering quantitative data from all numeric forecasts presented in the report.

Topics Covered

The report covers the following topics:

Big Data ecosystem
Market drivers and barriers
Enabling technologies, standardization and regulatory initiatives
Big Data analytics and implementation models
Business case, application areas and use cases in the insurance industry
20 case studies of Big Data investments by insurers, reinsurers, InsurTech specialists and other stakeholders in the insurance industry
Future roadmap and value chain
Profiles and strategies of over 270 leading and emerging Big Data ecosystem players
Strategic recommendations for Big Data vendors and insurance industry stakeholders
Market analysis and forecasts from 2018 till 2030

Forecast Segmentation

Market forecasts are provided for each of the following submarkets and their subcategories:

Hardware, Software & Professional Services

Hardware
Software
Professional Services

Horizontal Submarkets

Storage & Compute Infrastructure
Networking Infrastructure
Hadoop & Infrastructure Software
SQL
NoSQL
Analytic Platforms & Applications
Cloud Platforms
Professional Services

Application Areas

Auto Insurance
Property & Casualty Insurance
Life Insurance
Health Insurance
Multi-Line Insurance
Other Forms of Insurance
Reinsurance
Insurance Broking

Use Cases

Personalized & Targeted Marketing
Customer Service & Experience
Product Innovation & Development
Risk Awareness & Control
Policy Administration, Pricing & Underwriting
Claims Processing & Management
Fraud Detection & Prevention
Usage & Analytics-Based Insurance
Other Use Cases

Regional Markets

Asia Pacific
Eastern Europe
Latin & Central America
Middle East & Africa
North America
Western Europe

Country Markets

Argentina, Australia, Brazil, Canada, China, Czech Republic, Denmark, Finland, France, Germany, India, Indonesia, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, Norway, Pakistan, Philippines, Poland, Qatar, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Thailand, UAE, UK, USA

Get Complete TOC With Tables and Figures @ www.researchmoz.us/big-data-in-the-insurance-industry-201...

Key Questions Answered

The report provides answers to the following key questions:

How big is the Big Data opportunity in the insurance industry?
How is the market evolving by segment and region?
What will the market size be in 2021, and at what rate will it grow?
What trends, challenges and barriers are influencing its growth?
Who are the key Big Data software, hardware and services vendors, and what are their strategies?
How much are insurers, reinsurers, InsurTech specialists and other stakeholders investing in Big Data?
What opportunities exist for Big Data analytics in the insurance industry?
Which countries, application areas and use cases will see the highest percentage of Big Data investments in the insurance industry?

Key Findings

The report has the following key findings:

In 2018, Big Data vendors will pocket more than $2.4 Billion from hardware, software and professional services revenues in the insurance industry. These investments are further expected to grow at a CAGR of approximately 14% over the next three years, eventually accounting for nearly $3.6 Billion by the end of 2021.
Through the use of Big Data technologies, insurers and other stakeholders are beginning to exploit their data assets in a number of innovative ways ranging from targeted marketing and personalized products to usage-based insurance, efficient claims processing, proactive fraud detection and beyond.
The growing adoption of Big Data technologies has brought about an array of benefits for insurers and other stakeholders. Based on feedback from insurers worldwide, these include but are not limited to an increase in access to insurance services by more than 30%, a reduction in policy administration workload by up to 50%, prediction of large loss claims with an accuracy of nearly 80%, cost savings in claims processing and management by 40-70%, accelerated processing of non-emergency insurance claims by a staggering 90%; and improvements in fraud detection rates by as much as 60%.
In addition, Big Data technologies are playing a pivotal role in facilitating the adoption of on-demand insurance models – particularly in auto, life and health insurance, as well as the insurance of new and underinsured risks such as cyber crime.

List of Companies Mentioned

1010data
Absolutdata
Accenture
Actian Corporation
Adaptive Insights
Adobe Systems
Advizor Solutions
Aegon
AeroSpike
Aetna
AFS Technologies
Alation
Algorithmia
Allianz Group
Allstate Corporation
Alluxio
Alphabet
ALTEN
Alteryx
AMD (Advanced Micro Devices)
Anaconda
Apixio
Arcadia Data
Arimo
Arity
ARM
ASF (Apache Software Foundation)
Atidot
AtScale
Attivio
Attunity
Automated Insights
AVORA
AWS (Amazon Web Services)
AXA
Axiomatics
Ayasdi
BackOffice Associates
Basho Technologies
BCG (Boston Consulting Group)
Bedrock Data
BetterWorks
Big Panda
BigML
Birst
Bitam
Blue Medora
BlueData Software
BlueTalon
BMC Software
BOARD International
Booz Allen Hamilton
Boxever
CACI International
Cambridge Semantics
Cape Analytics
Capgemini
Cazena
Centrifuge Systems
CenturyLink
Chartio
China Life Insurance Company
Cigna
Cisco Systems
Civis Analytics
ClearStory Data
Cloudability
Cloudera
Cloudian
Clustrix
CognitiveScale
Collibra
Concirrus
Concurrent Technology
Confluent
Contexti
Couchbase
Crate.io
Cray
CSA (Cloud Security Alliance)
CSCC (Cloud Standards Customer Council)
Dai-ichi Life Holdings
Databricks
Dataiku
Datalytyx
Datameer
DataRobot
DataStax
Datawatch Corporation
Datos IO
DDN (DataDirect Networks)
Decisyon
Dell Technologies
Deloitte
Demandbase
Denodo Technologies
Dianomic Systems
Digital Reasoning Systems
Dimensional Insight
DMG (Data Mining Group)
Dolphin Enterprise Solutions Corporation
Domino Data Lab
Domo
Dremio
DriveScale
Druva
Dundas Data Visualization
DXC Technology
Elastic
Engineering Group (Engineering Ingegneria Informatica)
EnterpriseDB Corporation
eQ Technologic
ERGO Group
Ericsson
Erwin
EV? (Big Cloud Analytics)
EXASOL
EXL (ExlService Holdings)
Facebook
FICO (Fair Isaac Corporation)
Figure Eight
FogHorn Systems
Fractal Analytics
Franz
Fujitsu
Fuzzy Logix
Gainsight
GE (General Electric)
Generali Group
Glassbeam
GNS Healthcare
GoodData Corporation
Google
Grakn Labs
Greenwave Systems
GridGain Systems
Guavus
H2O.ai
Hanse Orga Group
HarperDB
HCL Technologies
Hedvig
Hitachi Vantara
Hortonworks
HPE (Hewlett Packard Enterprise)
Huawei
HVR
HyperScience
HyTrust
IBM Corporation
iDashboards
IDERA
IEC (International Electrotechnical Commission)
IEEE (Institute of Electrical and Electronics Engineers)
Ignite Technologies
Imanis Data
Impetus Technologies
INCITS (InterNational Committee for Information Technology Standards)
Incorta
InetSoft Technology Corporation
InfluxData
Infogix
Infor
Informatica
Information Builders
Infosys
Infoworks
Insightsoftware.com
InsightSquared
Intel Corporation
Interana
InterSystems Corporation
ISO (International Organization for Standardization)
ITU (International Telecommunication Union)
Jedox
Jethro
Jinfonet Software
JMDC Corporation
Juniper Networks
KALEAO
Keen IO
Kenko-Nenrei Shogaku Tanki Hoken
Keyrus
Kinetica
KNIME
Kognitio
Kyvos Insights
LeanXcale
Lexalytics
Lexmark International
Lightbend
Linux Foundation
Logi Analytics
Logical Clocks
Longview Solutions
Looker Data Sciences
LucidWorks
Luminoso Technologies
Maana
Manthan Software Services
MapD Technologies
MapR Technologies
MariaDB Corporation
MarkLogic Corporation
Mathworks
MEAG (Munich Ergo Asset Management)
Melissa
MemSQL
Metric Insights
MetroMile
Microsoft Corporation
MicroStrategy
Minitab
MongoDB
Mu Sigma
Munich Re
NEC Corporation
Neo First Life Insurance Company
Neo4j
NetApp
Nimbix
Nokia
Noritsu Koki
NTT Data Corporation
Numerify
NuoDB
NVIDIA Corporation
OASIS (Organization for the Advancement of Structured Information Standards)
Objectivity
Oblong Industries
ODaF (Open Data Foundation)
ODCA (Open Data Center Alliance)
ODPi (Open Ecosystem of Big Data)
OGC (Open Geospatial Consortium)
OpenText Corporation
Opera Solutions
Optimal Plus
Optum
OptumLabs
Oracle Corporation
Oscar Health
Palantir Technologies
Panasonic Corporation
Panorama Software
Paxata
Pepperdata
Phocas Software
Pivotal Software
Prognoz
Progress Software Corporation
Progressive Corporation
Provalis Research
Pure Storage
PwC (PricewaterhouseCoopers International)
Pyramid Analytics
Qlik
Qrama/Tengu
Quantum Corporation
Qubole
Rackspace
Radius Intelligence
RapidMiner
Recorded Future
Red Hat
Redis Labs
RedPoint Global
Reltio
RStudio
Rubrik
Ryft
Sailthru
Salesforce.com
Salient Management Company
Samsung Fire & Marine Insurance
Samsung Group
SAP
SAS Institute
ScaleOut Software
Seagate Technology
Sinequa
SiSense
Sizmek
SnapLogic
Snowflake Computing
Software AG
Splice Machine
Splunk
Strategy Companion Corporation
Stratio
Streamlio
StreamSets
Striim
Sumo Logic
Supermicro (Super Micro Computer)
Syncsort
SynerScope
SYNTASA
Tableau Software
Talend
Tamr
TARGIT
TCS (Tata Consultancy Services)
Teradata Corporation
Thales
ThoughtSpot
TIBCO Software
Tidemark
TM Forum

Make An Enquiry @ www.researchmoz.us/enquiry.php?type=E&repid=1867484

Toshiba Corporation
TPC (Transaction Processing Performance Council)
Transwarp
Trifacta
U.S. NIST (National Institute of Standards and Technology)
Unifi Software
UnitedHealth Group
Unravel Data
VANTIQ
Vecima Networks
VMware
VoltDB
W3C (World Wide Web Consortium)
WANdisco
Waterline Data
Western Digital Corporation
WhereScape
WiPro
Wolfram Research
Workday
Xplenty
Yellowfin BI
Yseop
Zendesk
Zoomdata
Zucchetti
Zurich Insurance Group

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

For More Information Kindly Contact:

ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us

Follow us on LinkedIn @ bit.ly/1TBmnVG

Follow me on @ marketsizeinfo.blogspot.in/

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Big Data in the Insurance Industry: Opportunities, Challenges, Strategies & Forecasts 2018 - 2030 here

News-ID: 1412261 • Views: 385

More Releases from Big Data in the Insurance Industry

Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Str …
Researchmoz added Most up-to-date research on "Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts" to its huge collection of research reports. An insight on the important factors and trends influencing the market. “Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term has
Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Str …
Researchmoz added latest report "Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts". The industry report lists the leading competitors and provides the insights strategic industry Analysis of the key factors influencing the market. “Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However, the scope of the term
Big Data in the Insurance Industry: 2018 - 2030 : Advanced Technologies & Growth …
ResearchMoz presents professional and in-depth study of "Big Data in the Insurance Industry: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts". This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future. “Big Data” originally emerged as a term to describe datasets whose size is beyond the ability of traditional databases to capture, store, manage and analyze. However,

All 4 Releases


More Releases for Corporation Software Technologies

Robot Software Market Leading Companies are ABB Robotics, AIBrain, Brain Corpora …
Robot software consists of a set of coded commands or instructions that tell a machine-driven device about the tasks to be performed. This software allows tasks to perform autonomously. Several software systems and frameworks such open source frame work and software based framework are available for easing robot programming. These software also aid in reducing the error rates, etc. for application in various verticals. Download PDF Brochure of Research Report:
Robot Software Market: ABB Robotics, AIBrain, Brain Corporation, CloudMinds Tech …
Robot software consists of a set of coded commands or instructions that tell a machine-driven device about the tasks to be performed. This software allows tasks to perform autonomously. Several software systems and frameworks such open source frame work and software based framework are available for easing robot programming. These software also aid in reducing the error rates, etc. for application in various verticals. Therefore advantages offered by such software
Cloud Backup & Recovery Software Market Size, Share 2025 Veritas Technologies, V …
This report studies the global Cloud Backup & Recovery Software market, analyzes and researches the Cloud Backup & Recovery Software development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like Veritas Technologies Veeam Software Commvault IBM Corporation Dell EMC CA Technologies Symantec Corporation Microsoft Corporation Hewlett Packard Enterprise Actifio Inc. Request for sample copy @ https://www.marketresearchreports.biz/sample/sample/1495516 Market segment by Regions/Countries, this report covers United States EU Japan China India Southeast Asia Market segment by
Encryption Software Market Size & Forecast 2022 Profiling Microsoft, Sophos, Che …
New report of Encryption Software Market Report communicates about the manufacturing process. The process is analysed thoroughly with respect three points, viz. raw material and equipment suppliers, various manufacturing associated costs (material cost, labour cost, etc.) and the actual process of whole Enterprise Encryption Software market. The Enterprise Encryption Software Industry research report is a resource, which provides technical and financial details of the Enterprise Encryption Software Market (Volume and