Press release
Digital Insurance Platform Market Size, Share Analysis And Forecast 2024-2033
Digital Insurance Platform Market Size
Digital Insurance Platform Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $231.89 billion In 2028 At A CAGR Of 13.3% :
The digital insurance platform market size has grown rapidly in recent years. It will grow from $124.43 billion in 2023 to $140.81 billion in 2024 at a compound annual growth rate (CAGR) of 13.2%. The growth in the historic period can be attributed to customer demand for seamless digital experiences, regulatory changes driving digital transformation, globalization of insurance services, emergence of new distribution channels, operational efficiency and cost reduction.
The digital insurance platform market size is expected to see rapid growth in the next few years. It will grow to $231.89 billion in 2028 at a compound annual growth rate (CAGR) of 13.3%. The growth in the forecast period can be attributed to increased emphasis on customer engagement, rise of usage-based insurance models, expansion of digital ecosystems, focus on climate and environmental risks, rising cybersecurity concerns. Major trends in the forecast period include collaboration with insurtech startups, integration with iot devices, advancements in blockchain technology, artificial intelligence for automation, on-demand insurance models.
Request A Sample Of This Report -
https://www.thebusinessresearchcompany.com/sample.aspx?id=10264&type=smp
Digital Insurance Platform Market Major Segments
The digital insurance platform market covered in this report is segmented -
1) By Deployment: Cloud, On-Premise
2) By Professional Service: Consulting, Implementation, Support And Maintenance
3) By Organization Size: Large Enterprises, Small And Medium Enterprises
4) By Application: Automotive And Transportation, Home And Commercial Buildings, Life And Health, Business And Enterprise, Consumer Electronics, Industrial Machines, Travel
5) By End-User: Insurance Companies, Third-Party Administrators And Brokers, Aggregators
Key Driver - Cloud Computing's Influence On The Thriving Digital Insurance Platform Market
The growing adoption of cloud computing is expected to propel the growth of the digital insurance platform market going forward. Cloud computing refers to a type of technology that allows customers to access storage spaces. files, applications, and databases via internet-connected devices such as desktops, laptops, tablets, and sensors. Cloud computing services are beneficial to the digital insurance platform market because they store and evaluate information at a location separate from their clients. For instance, according to Eurostat, a UK-based Directorate-General of the European Commission, in 2021, 41% of EU businesses used the cloud for file storage and e-mail. And, the EU, cloud computing usage grew in 2021 compared to 2020, especially in the retail sector. Therefore, growing cloud adoption is driving the growth of the digital insurance platform market.
Customise This Report As Per Your Requirements -
https://www.thebusinessresearchcompany.com/Customise?id=10264&type=smp
Prominent Trend - Technological Breakthrough In The Digital Insurance Platform Market
Technological advancements are a key trend gaining popularity in the digital insurance platform market. Major companies operating in the digital insurance platform market are adopting new technologies to sustain their position in the market. For instance, in August 2021, Mosaic Insurance, a Canada-based insurance company that provides a digital operating model, and DXC Technology Company, a US-based IT service company, together launched an innovative new insurance technology platform that increases the speed at which specialty insurance is sold, underwritten, and serviced. Multiple DXC technology services drive the new platform, including DXC Assure for commercial and specialty, business process outsourcing, apps, analytics and engineering, cloud, and security. The model's release marks a significant advancement in the global insurance sector, integrating best practices in insurance processing with cutting-edge technology.
Digital Insurance Platform Market Players
Major companies operating in the digital insurance platform market report are International Business Machines Corporation, Microsoft Corp., Infosys Ltd., Pegasystems Inc., Oracle Corp., Accentur*e Inc., Tata Consultancy Services Limited, Cognizant Technology Solutions Corp., Majesco Inc., DXC Technology Co., Appian Corp., Mindtree Ltd., Prima Solutions SA, SAP SE, EIS Software Limited, Fineos Corporation Ltd., Inzura Limited, Cogitate Technology Solutions Inc., OutSystems Inc., PolicyBazaar.com, PolicyGenius Inc., PolicyPal Network Technology Co. Ltd., PolicyX.com, Quantemplate Technologies Inc., Root Insurance Company, Slice Labs Inc., Trov Inc., Wefox Group GmbH, Zego Insurance Services Limited, Acko General Insurance Limited, Cover Genius Pty. Ltd., Shift Technology Inc.
View The Full Report Here -
https://www.thebusinessresearchcompany.com/report/digital-insurance-platform-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the digital insurance platform market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global digital insurance platform market during the forecast period. The regions covered in the digital insurance platform market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Digital Insurance Platform Market Report Structure
3. Digital Insurance Platform Market Trends And Strategies
4. Digital Insurance Platform Market - Macro Economic Scenario
5. Digital Insurance Platform Market Size And Growth
…..
27. Digital Insurance Platform Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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 Digital Insurance Platform Market Size, Share Analysis And Forecast 2024-2033 here
News-ID: 3528621 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Insurance
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…
Non-Life Insurance Market :Health Insurance, Property Insurance, Cargo Insurance …
Non-Life Insurance Market Overview:
Summary:Excellence consistency maintains by Garner Insights in Research Report in which studies the global Non-Life Insurance market status and forecast, categorizes and Equipment market value by manufacturers, type, application, and region.
Get Access to Report Sample: http://bit.ly/2Q9Hd8z
Non-Life Insurance market was valued at Million US$ in 2017 and is projected to reach Million US$ by 2025, at a CAGR of during the forecast period. In this study, 2017 has been…
