Press release
Insurance Software Market Is Thriving Worldwide | IBM , Microsoft , Oracle Corporation , Salesforce
Insurance Software Market
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Scope of the Study
In the midst of global economic slowdown and facing severe pressure, insurance industry have undergoing consolidation and integration. Insurance software is a solution that helps insurance companies, agencies, or brokers facilitate operational and organizational tasks in a more efficient and effective way. Insurance software is automated and user friendly program which helps in providing a large set of accurate data for underwriting managers and superior information. It save considerable amount of resources and time. Insurance software provides regular status report making business run more effectively and help generating ideas about integration of the system in trading process. It enhance the efficiency with consistent data sharing for binding, rating and policy processing are kept within insurance software system.. The market study is being classified by Type (Cloud Computing , Big data and Analytics , Mobility , Block Chain , Artificial Intelligence and IoT), by Application (Aerospace &Defense , Automotive , Banking & Financial Services , Communication , Construction & Real Estate , Consumer Packaged Goods , Education , Government , Healthcare , Manufacturing , Oil and Gas , Professional Services , Retail , Transportation and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico) .
Competitive Landscape
IBM , Microsoft , Oracle Corporation , Salesforce , Vertafore , Allied System Inc. , Mitchell International, Inc. , Solera Holdings , SAP (Germany) and Acturis (U.K.) are some of the key players profiled in the study.
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Microsoft Dynamics 365 now covers both ERP and CRM functionality for various verticals. and In 2017, SAP signed more than 6,900 customer for its next generation ERP suite S/4 HANA.
Market Drivers
Uncertain catastrophic events leading to increased need for insurance
Increased awareness about importance of insurance
Rapid growth of the insurance industry
Maintenance of database and Improved customer services
Market Trend
Rapid growth of cyber insurance market
Integration of wearable’s into customer engagement metric for life insurance market
Restraints
Privacy issues due to increase in cyberthreats
Stringent government rules and regulation for subscription to insurance
Opportunities
Investors collaborating with InsurTech firms
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Table of Contents
1 Market Overview
1.1 Insurance Software Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.4.1 North America (United States, Canada and Mexico)
1.4.1.1 United States Market States and Outlook (2013-2023)
1.4.1.2 Canada Market States and Outlook (2013-2023)
1.4.1.3 Mexico Market States and Outlook (2013-2023)
1.4.2 Europe (Germany, France, UK, Russia and Italy)
1.4.2.1 Germany Market States and Outlook (2013-2023)
1.4.2.2 France Market States and Outlook (2013-2023)
1.4.2.3 UK Market States and Outlook (2013-2023)
1.4.2.4 Russia Market States and Outlook (2013-2023)
1.4.2.5 Italy Market States and Outlook (2013-2023)
1.4.3 Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
1.4.3.1 China Market States and Outlook (2013-2023)
1.4.3.2 Japan Market States and Outlook (2013-2023)
1.4.3.3 Korea Market States and Outlook (2013-2023)
1.4.3.4 India Market States and Outlook (2013-2023)
1.4.3.5 Southeast Asia Market States and Outlook (2013-2023)
1.4.4 South America, Middle East and Africa
1.4.4.1 Brazil Market States and Outlook (2013-2023)
1.4.4.2 Egypt Market States and Outlook (2013-2023)
1.4.4.3 Saudi Arabia Market States and Outlook (2013-2023)
1.4.4.4 South Africa Market States and Outlook (2013-2023)
1.4.4.5 Nigeria Market States and Outlook (2013-2023)
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
....Continued
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