Insurance Analytics Market Report 2023: By Key Players, Trends, Size, Share and Forecast 2023-2029

The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. The market growth is characterized by the presence of key players operating in the market.

In March 2021, Oracle Insurance Policy Administration (OIPA) collaborated with ClearView Wealth Ltd. In this collaboration, ClearView selected OIPA to support its digital transformation journey. This collaboration is a part of broader technology investment by the company to modernize its systems & processes. ClearView will use these technologies to decrease their operation cost, fulfill their basic requirements and enhance the digital experience for both employees and customers.

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In January 2021, IBM collaborated with Thai Reinsurance Public Company Limited (Thai Re). In this collaboration, Thai Re introduced Insurer Network, a reinsurance smart contract production network utilizing IBM blockchain technology on IBM Cloud.

MicroStrategy partnered with Kyvos Insights in January 2021, a cloud and big data analytics company. In this, MicroStrategy built and introduced the latest Kyvos gateway connector with its new version MicroStrategy 2021. This connector is the next step in Kyvos and MicroStrategy's partnership to assist companies to make the most out of their data and get quick business insights.

Microsoft also teamed up with Reliance General Insurance (RGI), a subsidiary of Reliance Capital. Under this collaboration, RGI boosted its vehicle claim process by releasing Rapid incorporated with image analytics powered by Microsoft Azure Cognitive Services and Azure Machine Learning capabilities. This end-to-end solution would help to offer a quick and effortless customer experience at the time of making vehicle claims.

Market Coverage

The market number available for - 2020-2027
Base year- 2020
Forecast period- 2021-2027
Segment Covered-
o By Application

o By Deployment

o By End-User

Regions Covered-
o North America

o Europe

o Asia-Pacific

o Rest of the World

Competitive Landscape- Hexaware Technologies, LexisNexis Risk Solutions, OpenText, Sapiens International, and Verisk Analytics, Inc.

Key Questions Addressed by the Report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Insurance Analytics Market - Segmentation

By Application

Claims Management
Risk Management
Customer Management and Personalization
Process Optimization
Others

By Deployment

On-premise
Cloud

By End-User

Insurance Companies
Government Agencies
Third-party Administrators, Brokers, & Consultancies

A full report of Insurance Analytics Market is available at: https://www.omrglobal.com/industry-reports/insurance-analytics-market

Insurance Analytics Market- Segment by Region

North America

United States
Canada

Europe

Germany
United Kingdom
France
Spain
Italy
Rest of Europe

Asia-Pacific

China
Japan
India
Rest of Asia-Pacific

Rest of the World

Middle East & Africa
Latin America

Company Profiles

Applied Systems, Inc.
Aptitive
Board International SA
BRIDGEi2i
CyberCube Analytics Inc.
Damco Group
Hexaware Technologies Ltd.
IBM Corp.
InsuredMine Inc.
LexisNexis Risk Solutions Group
Luminant Analytics GmbH
OpenText Corp.
Pentation AnalyticsPvt Ltd.
Qlik International AB
RiskVille Ltd.
SAP SE
Sapiens International Corp.

Reasons to Buying From us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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