Press release
Digital Insurance Platform Market Growth Analysis, Business Demand and Opportunities to 2022 | CodeEast Digital Systems, Cogitate Technology Solutions, DXC Technology Company, EIS Group Software, Inzura, Knowarth, Lemonade Insurance Company
Digital Insurance Platform is a software or tool that enables an insurance company/ managing general agent (MGA) to monitor, create, manage, and control the digital insurance ecosystem. Digital insurance platforms help companies to include digitization throughout the insurance process. These platforms combine different modules/silos and disparate systems in the digital insurance ecosystem. These modules or systems include policy implementation, claim management, reinsurance management, regulatory filing, and billing & premium accounting. These platforms also provide a policy holder a portal that offers easy and remote access to customer databases. Several companies offering digital insurance platforms are emphasizing on delivering customized digital insurance solutions along with end-to-end digital integration of business operations, third-party services, and applications. Additionally, companies are providing digital insurance as a service (DIaaS), which combines major insurance applications, infrastructure, and business process services in a single solution in order to deliver insurance solutions effectively and efficiently to clients.The significant impact of digital transformation on the insurance industry has boosted the digital insurance adoption trend. This mainly projected to drive the digital insurance platform market during the forecast period. Additionally, changing customer experience is leading insurance companies to develop and deliver advance technology integrated solutions. This is anticipated to propel the digital insurance platform market in the coming years. Moreover, insurance companies/ managing general agents and other insurance agencies are emphasizing on reducing the overall cost of the insurance process by adopting digital insurance platforms. Companies are also focusing on enhanced management of digital insurance ecosystems, including new sales channels and effective monitoring, accessibility, and control of insurance policies. This is anticipated to boost the digital insurance platform market. However, limited penetration of high-end/advanced technology in the insurance industry across the world, especially in emerging economies, is expected to restrain the market during the forecast period.
Top Manufacturer Detail-
CodeEast Digital Systems Ltd., Cogitate Technology Solutions, LLC, DXC Technology Company, EIS Group Software Ltd., Inzura Ltd., Knowarth, Lemonade Insurance Company, Majesco, Mindtree Ltd., and StoneRiver
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The study is a source of reliable data on:
-Key market segments and sub-segments
-Evolving market trends and dynamics
-Changing supply and demand scenarios
-Quantifying market opportunities through market sizing and market forecasting
-Tracking current trends/opportunities/challenges
-Competitive insights
-Opportunity mapping in terms of technological breakthroughs
Digital Insurance Platform Marke 2022 segmentation by technology, applications, and five major geographical regions. This Report covers the Major Players' data, including: shipment, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size.
Table of Contents
1 Market Definition
1.1 Market Segment Overview
1.2 by Type
1.3 by End-Use / Application
2 Global Market by Vendors
2.1 Market Share
2.2 Vendor Profile
2.3 Dynamic of Vendors
3 Global Market by Type
3.1 Market Share
3.2 Introduction of End-Use by Different Products
4 Global Market by End-Use / Application
4.1 Market Share
4.2 Overview of Consumption Characteristics
4.2.1 Preference Driven
4.2.2 Substitutability
4.2.3 Influence by Strategy
4.2.4 Professional Needs
5 Global Market by Regions
5.1 Market Share
5.2 Regional Market Growth
5.2.1 North America
5.2.2 Europe
5.2.3 Asia-Pacific
5.2.4 South America
5.2.5 Middle East & Africa
8 Asia-Pacific Market
8.1 by Type
8.2 by End-Use / Application
8.3 by Regions
9 South America Market
9.1 by Type
9.2 by End-Use / Application
9.3 by Regions
10 Middle East & Africa Market
10.1 by Type
10.2 by End-Use / Application
10.3 by Regions
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