openPR Logo
Press release

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

Big Data in the Insurance Industry

Big Data in the Insurance Industry

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 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.

Download Exclusive Sample Of This Report: www.researchmoz.us/enquiry.php?type=S&repid=1867484

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

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

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

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.

Place an Enquiry to Our Industry Expert at @ www.researchmoz.us/enquiry.php?type=E&repid=1867484
(*Fill the form and our sales representative will get back to you for assistance)

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
- 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.

ResearchMoz
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Email: sales@researchmoz.us
Website @ www.researchmoz.us/
Tel: 866-997-4948 (Us-Canada Toll Free)
Tel: +1-518-621-2074
For More Reports Visit @ marketresearchlatestreports.blogspot.com/

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: 2018 - 2030 - Opportunities, Challenges, Strategies & Forecasts here

News-ID: 1705387 • Views: 718

More Releases from Big Data in the Insurance Industry

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: Opportunities, Challenges, Strategies & Fore …
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
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

Global Gaming Market 2018 - Microsoft Corporation, Nintendo Co., Ltd., Rovio Ent …
The global Gaming market research report 2019 -2023 proposes a thorough analysis of the Gaming market globally. The market analysis considerably focuses on providing data to the consumers related to the three major segments, which include the growth rate of the market, the size of the market, and industrial-chain analysis. The Gaming market report provides a wide-range of Gaming market segmentation Console , Mobile , Computer , , . Get Request
Enterprise Content Management Market Trend to 2025: IBM Corporation, Oracle Corp …
Enterprise Content Management Market to 2025 - Global Analysis and Forecasts by Product, Deployment Type, Organization Type, Verticals The report aims to provide an overview of Global Enterprise Content Management Market along with detailed segmentation of market by product, organization type, deployment type, vertical and five major geographical regions. Global Enterprise Content Management market is expected to witness growth during the forecast period due to exponential growth in the data and
Blockchain Market Covers Leading Manufacturer IBM Corporation, Microsoft Corpora …
Blockchain technology is a decentralized software program that enables protected digital transactions of digital currencies such as Bitcoin. Download PDF To explore detail study @ https://www.coherentmarketinsights.com/insight/request-pdf/1113 "Applications Of Blockchain Market" Blockchain permits applicants to authenticate and review transactions. Blockchain-based transactions of value can be completed in faster way, more safely, and economically than conventional transaction systems. Rising popularity of these ledger chains has led to a significant increase in total capital
Telecom Analytics 2018 Global Key Players – EMC Corporation, Oracle Corporatio …
Telecom Analytics Market 2018 Wiseguyreports.Com Adds “Telecom Analytics – Global Market Demand, Growth, Opportunities, Manufacturers, Analysis of Top Key Players and Forecast to 2023” To Its Research Database. Description:  This report mainly introduces volume and value market share by players, by regions, by product type, by consumers and also their price change details. As a Detailed Analysis report, it covers all details inside analysis and opinion in Telecom Analytics industry. This report splits Telecom Analytics market
Cloud Backup Market Key Players - Microsoft Corporation, Oracle Corporation, IBM …
Market Highlights: The Global Cloud Backup Market is growing with the rapid pace; mainly due to the increasing demand for low cost and reliable storage facility. According to a recent study report published by the Market Research Future, the global market of cloud backup is growing rapidly and expected to gain prominence over the forecast period. The market is projected to demonstrate a remarkable growth by 2023, beating its previous
Global Smart Hospitality System Market 2017 : Mitel Networks Corporation, NEC Co …
Smart Hospitality System A market study based on the " Smart Hospitality System Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Smart Hospitality System Market 2017’. The research report analyses the historical as well as present performance of the worldwide Smart Hospitality System industry, and makes predictions on the future status of Smart Hospitality System market on the basis of this analysis. Get Free