Press release
Insurance Platform Market at a CAGR of 13.8% with Top Players | Appian (US), LTIMindtree (India), Prima Solutions (France), Majesco (US), EIS Group (US), Cogitate Technology Solutions (US), Vertafore (US), and More
Global Insurance Platform Market
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Top Key Competitors of
Microsoft (US),
Adobe (US),
Salesforce (US),
IBM (US),
Oracle (US),
SAP (Germany),
Pegasystems (US),
DXC Technology (US),
Guidewire Software (US),
Duck Creek Technologies (US),
Applied Systems (US),
Fineos (Ireland),
Cognizant (US) and More
Insurance Platform Market Segmentation:
By Application:
Claims Management
Customer Relationship Management (CRM)
Predictive Modeling/Extreme Event Forecasting
By Insurance Type:
General Insurance
Life Insurance
By Technology:
AI & ML
IoT
Blockchain
Data Analytics & Big Data
Regulatory Technology (Regtech)
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Regions Covered in the Global Insurance Platform Market:
• North America
• Europe
• Asia-Pacific
• South America
• Middle East, Africa and rest of the world
Recent Developments:
In September 2023, a strategic alliance was announced between Microsoft and Majesco, aimed at facilitating insurers' long-term digital transformation. Through the utilization of Microsoft Cloud and Analytics capabilities.
Also in September 2023, DXC Technology partnered with Polo Managing Agency (PMA), a prominent player in the Lloyd's insurance market. PMA will deploy DXC Assure Commercial and Specialty to leverage the advanced capabilities of DXC's AI and ML-powered insurance platform.
August 2023 saw AXA's acquisition of Laya Healthcare Limited from Corebridge Financial Inc., a subsidiary of AIG, for USD 693 million. Laya is a key player in the Irish health insurance market, serving nearly 700,000 policyholders.
In May 2023, WTW, a prominent global advisory, broking, and solutions company, introduced Neuron, an advanced digital insurance platform. Neuron employs cutting-edge technology to facilitate easier connectivity and trading between underwriters and brokers, enhancing business speed and efficiency through digitization, automation, and improved data utilization.
February 2023 saw Adobe's collaboration with Blue Insurance Limited, a major digital life insurer in Hong Kong, to enhance digital customer experiences in the insurance industry.
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Key Report Highlights:
The report provides a comprehensive overview of market size, growth drivers, and trends, This information can help businesses to make informed decisions about their strategies.
The report provides a competitive analysis of the Insurance Platform, which can help businesses to identify their strengths & weaknesses to the competitors.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global Insurance Platform outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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