Press release
Insurance Analytics Market Size 2022-2027: Growth, Development Trends, Share and Forecast
Insurance Analytics Market
According to the latest report by IMARC Group, titled, "Insurance Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027", the global insurance analytics market reached a value of US$ 9.87 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 21.78 Billion by 2027, exhibiting at a CAGR of 13.30% during 2022-2027.
Covid-19 Impact:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Industry Definition and Application:
Insurance analytics is the process of analyzing, collecting, and extracting insights from various data sources for minimizing the risks associated with pricing, underwriting, rating, and marketing of insurance policies. It utilizes software platforms that enable organizations to track liquidity, insurance payments, and several financial operations and indicators. Insurance analytics assists in reducing the overall operational costs, preventing fraudulent activities, optimizing client relations, etc. As a result, it is extensively used by third-party administrators, brokers, consultants, etc.
Get a PDF Sample for more detailed market insights: https://www.imarcgroup.com/insurance-analytics-market/requestsample
Global Insurance analytics Market Trends
The rising number of fraudulent activities, including insurance padding, inflated claims, staged accidents, etc., is among the primary factors driving the insurance analytics market. Moreover, insurance analytics aids in preventing rate evasions, internal frauds, and cybersecurity frauds committed by applicants, policyholders, third-party claimants, etc. This, in turn, is further catalyzing the market growth. In addition to this, the launch of favorable initiatives by government bodies to prevent cyberattacks and improve digital infrastructures is acting as another significant growth-inducing factor. Furthermore, the widespread adoption of these solutions to collect information from numerous internal and external sources, such as telematics, social media platforms, customer interactions, etc., is also augmenting the global market. Apart from this, the increasing integration of insurance analytics tools with application programming interfaces (APIs), cloud computing, data analytics, robotic process automation (RPA), chatbots, etc., for enhancing operational efficiency is anticipated to fuel the insurance analytics market over the forecasted period.
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Applied Systems Inc.
Hexaware Technologies Limited
International Business Machines Corporation
LexisNexis Risk Solutions (RELX PLC)
Microsoft Corporation
MicroStrategy Incorporated
Open Text Corporation
Oracle Corporation
Pegasystems Inc.
com inc.
SAP SE
Sapiens International Corporation.
Ask Customization and Browse full report with TOC & List of Figure: https://www.imarcgroup.com/insurance-analytics-market
The report has segmented the market based on component, deployment mode, enterprise size, application and end user.
Breakup by Component:
Solution
Service
Breakup by Deployment Mode:
On-premises
Cloud-based
Breakup by Enterprise Size:
Small and Medium-sized Enterprises
Large Enterprises
Breakup by Application:
Claims Management
Risk Management
Customer Management
Sales and Marketing
Others
Breakup by End User:
Insurance Companies
Government Agencies
Third-party Administrators, Brokers and Consultancies
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Middle East and Africa
Browse Other Reports by IMARC Group:
Latin America Frozen Finger Chips Market Report- https://www.imarcgroup.com/latin-america-frozen-finger-chips-market
Europe Frozen Finger Chips Market Report- https://www.imarcgroup.com/europe-frozen-finger-chips-market
Europe Biofertilizer Market Report- https://www.imarcgroup.com/europe-biofertilizer-market
Japan Idiopathic Pulmonary Fibrosis Treatment Market Report- https://www.imarcgroup.com/japan-idiopathic-pulmonary-fibrosis-treatment-market
Japan Biofertilizer Market Report- https://www.imarcgroup.com/japan-biofertilizer-market
Contact us:
IMARC Group
30 N Gould St, Ste R
Sheridan, WY (Wyoming) 82801 USA
Website: https://www.imarcgroup.com
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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 Insurance Analytics Market Size 2022-2027: Growth, Development Trends, Share and Forecast here
News-ID: 2667659 • Views: …
More Releases from IMARC Group
India Sand Market Size to Hit USD 958.0 Million (5.10% CAGR) by 2033 | Get Free …
According to IMARC Group's report titled "India Sand Market Size, Share, Trends and Forecast by Type, Application, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.
Short Summary:
The India sand market size reached USD 582.6 Million in 2024 and is projected to reach USD 958.0 Million by 2033, growing at a CAGR of 5.10% (2025-2033). The market expansion is driven…
Steady Growth Ahead Latin America Health and Wellness Market Hits USD 209.3 Mill …
Market Overview
The Latin America health and wellness market reached a size of USD 209.3 Million in 2024 and is projected to grow to USD 327.5 Million by 2033. The market is expected to expand at a CAGR of 5.1% from 2025 to 2033, driven by rising consumer interest in healthy lifestyles, increased prevalence of lifestyle diseases, social media influence, and growing disposable incomes. This holistic market covers physical, mental, and…
Latin America Human Resource HR Technology Market Valued at USD 1,174.5 Million …
Market Overview
The Latin America human resource (HR) technology market size was valued at USD 1,174.5 Million in 2024 and is expected to grow to USD 2,188.2 Million by 2033, with a CAGR of 6.80% during 2025-2033. This growth is driven by workforce evolution, digital transformation, talent management complexities, and operational efficiency demands. The market leverages digital solutions to enhance recruitment, onboarding, and workforce analytics.
Sample Request Link: https://www.imarcgroup.com/latin-america-human-resource-technology-market/requestsample
Study Assumption Years
Base Year:…
New Report Reveals Europe Running Gear Market at USD 13.03 Billion in 2024 with …
Market Overview
The Europe running gear market was valued at USD 13.03 Billion in 2024 and is forecasted to reach USD 24.82 Billion by 2033. It is projected to grow at a CAGR of 7.05% during the forecast period of 2025-2033. The market growth is driven by increasing health awareness, fitness event participation, and active lifestyle focus, along with advances in wearable technology and lightweight materials.
Sample Request Link: https://www.imarcgroup.com/Europe-Running-Gear-Market/requestsample
Study Assumption Years
Base…
More Releases for Insurance
Renters Insurance Market Dazzling Worldwide with Major Giants Travelers Insuranc …
According to HTF Market Intelligence, the Global Renters Insurance market to witness a CAGR of xx% during the forecast period (2024-2030). The Latest research study released by HTF MI "Renters Insurance Market with 120+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know-how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint, and status. Understanding the segments helps in identifying…
Renters Insurance Market to See Competition Rise | Travelers Insurance, Geico In …
HTF MI introduces new research on Renters Insurance covering the micro level of analysis by competitors and key business segments (2023-2029). The Renters Insurance explores a comprehensive study of various segments like opportunities, size, development, innovation, sales, and overall growth of major players. The research is carried out on primary and secondary statistics sources and it consists of both qualitative and quantitative detailing. Some of the major key players profiled…
Insurance Road Assistance Services Market Is Booming Worldwide | Travelers Insur …
Insurance Road Assistance Services Market: The extensive research on Insurance Road Assistance Services Market, by Qurate Research is a clear representation on all the essential factors that are expected to drive the market considerably. Thorough study on Insurance Road Assistance Services Market helps the buyers of the report, customers, the stakeholders, business owners, and stockholders to understand the market in detail. The updated research report comprises key information on the…
Agriculture Crop Insurance Market Type (MPCI Insurance, Hail Insurance, Livestoc …
Agriculture Crop Insurance market worldwide Agriculture is an important contributor to any economy. The extensive use of crops for direct human consumption and industrial processes has resulted in increasing the pressure on the existing supply demand gap. Increasing need for food security is expected to augment the demand for insurance policies. The two major risks in agricultural sector are price risk, caused due to volatility in prices in the market…
Household Insurance Market By Key Players: Discount Insurance Home Insurance, On …
Household Insurance Industry Overview
The Household Insurance market research study relies upon a combination of primary as well as secondary research. It throws light on the key factors concerned with generating and limiting Household Insurance market growth. In addition, the current mergers and acquisition by key players in the market have been described at length. Additionally, the historical information and current growth of the market have been given in the scope of the research report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Household Insurance market…
Life Insurance Market in Kuwait By Warba Insurance Company, Al Ahleia Insurance …
GlobalData’s 'Life Insurance in Kuwait, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Kuwaiti life insurance segment, and a comparison of the Kuwaiti insurance industry with its regional counterparts.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).
The report also…
