Press release
Insurance Agency Software Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts
Insurance Agency Software Market
What Is the Expected Insurance Agency Software Market Size During the Forecast Period?
The size of the insurance agency software market has seen rapid expansion in recent years. It is forecasted to increase from $3.82 billion in 2024 to $4.25 billion in 2025, with a compound annual growth rate (CAGR) of 11.1%. The growth observed in the historic period is due to several factors including the digital transformation in insurance, a surge in the adoption of cloud technology, the transition towards microinsurance solutions, the rising need for instant data analytics, and the heightened emphasis on hyper-personalization.Anticipated to witness speedy expansion in the coming years, the insurance agency software market is projected to reach a valuation of $6.43 billion by 2029, growing at a compound annual growth rate (CAGR) of 10.9%. The escalation in the projected period is due to factors like the surge in no-code and low-code platforms, heightened demand for customer self-service, rising adoption of API-driven platforms, modernization of legacy systems, and a move towards paperless procedures. Key trends for the forecast period encompass growth in Insurtech investments, the advancement of predictive analytics, improved integration of chatbots, incorporation of voice assistants, and broadening of usage-based insurance.
Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=21493
What Are the High-Growth Segments in the Insurance Agency Software Market?
The insurance agency software market covered in this report is segmented -
1) By Type: Life Insurance, Auto Insurance, Accident And Health Insurance, Home Insurance, Property And Casualty Insurance, Travel Insurance, Other Types
2) By Deployment Type: Cloud Based, On-Premise
3) By Application: Claims Management, Commission Management, Contract Management, Document Management, Insurance Rating, Quote Management, Policy Management
4) By End User: Small Business, Medium-Sized Business, Large Business
Subsegments:
1) By Life Insurance: Term Life Insurance, Whole Life Insurance, Universal Life Insurance, Endowment Life Insurance
2) By Auto Insurance: Liability Insurance, Collision Insurance, Comprehensive Insurance, Personal Injury Protection (PIP)
3) By Accident and Health Insurance: Personal Accident Insurance, Critical Illness Insurance, Disability Insurance, Health Insurance
4) By Home Insurance: Homeowners Insurance, Renters Insurance, Condo Insurance, Landlord Insurance
5) By Property and Casualty Insurance: Commercial Property Insurance, General Liability Insurance, Workers' Compensation Insurance, Commercial Auto Insurance
6) By Travel Insurance: Trip Cancellation Insurance, Medical Travel Insurance, Baggage Loss Insurance, Emergency Evacuation Insurance
7) By Other Types: Pet Insurance, Agricultural Insurance, Marine Insurance, Aviation Insurance
Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=21493&type=smp
What Key Drivers Are Expected to Influence Future Insurance Agency Software Market Growth?
The escalating occurrence of cyberattacks is projected to fuel the advancement of the insurance agency software market. Cyberattacks are ill-intentioned actions aimed at causing disruption, inflicting damage, or unauthorized access to computer systems, networks, or data, predominantly for financial benefits, espionage, or destructive intentions. This escalation in cyberattacks results from the increasing trend towards digitalization, reliance on cloud services, the proliferation of IoT devices, sophisticated hacking methods, profitable monetary rewards for cybercriminals, and insufficient cybersecurity defenses in numerous organizations. By introducing superior risk assessment, fraud detection, and compliance tools, insurance agency software bolsters cybersecurity, aiding agencies in defending delicate customer information and managing the growing risk of cyberattacks. For example, Check Point Software Technologies Ltd., an Israeli software corporation, disclosed in July 2024, that worldwide cyberattacks had surged by 30% year-on-year, with an average of 1,636 attacks per organization every week. Furthermore, incidents of ransomware involving public extortion escalated 13%, tallying roughly 1,200 instances. Thus, this escalation in cyberattacks is driving the insurance agency software market.
Which Companies Hold the Largest Share Across Different Insurance Agency Software Market Segments?
Major companies operating in the insurance agency software market are Guidewire Software, VERMEG Ltd Legal, Sapiens International, Vertafore Inc., Applied Systems Inc., Duck Creek Technologies, Zywave Inc., Dyad Tech, Bold Penguin, EZLynx, Insly LTD, HawkSoft, Insurance Technologies Corporation (ITC), ?n?ur?n?? ???t?m? ?n?., InsuredHQ Limited, United Systems and Software Inc., AgencyBloc LLC, Axxis Systems, IVANS Insurance Solutions, NowCerts, Buckhill Ltd., Jenesis Software
What Trends Are Driving Growth in The Insurance Agency Software Market?
Leading corporations in the insurance agency software market are placing their focus on creating novel applications, such as immersed commercial insurance quote generators, to modernize the commercial insurance quotation process by enabling instantaneous premium creation and heightening digital client interaction. An immersed commercial insurance quoting tool is an innovative digital system incorporated into a current platform or service that permits businesses to procure real-time insurance quotations for their commercial requirements. For instance, Applied Systems, Inc., an insurance software solution firm based in the US, rolled out Tarmika Insured, an immersed commercial insurance quoting application, in October 2023. This platform allows for immediate premium calculation by assimilating a simplified application question format and direct connectivity to insurance carriers, thereby enabling agencies to propose on-the-spot, binding quotations at the point of purchase. The quotation process becomes significantly efficient through consumer-driven and agent-led procedures, thus improving the client experience, increasing agent productivity, and hastening digital transformation in the commercial insurance sector.
Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/insurance-agency-software-global-market-report
What Are the Emerging Geographies for The Insurance Agency Software Market Growth?
North America was the largest region in the insurance agency software market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the insurance agency software market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Insurance Agency Software Market?
2. What is the CAGR expected in the Insurance Agency Software Market?
3. What Are the Key Innovations Transforming the Insurance Agency Software Industry?
4. Which Region Is Leading the Insurance Agency Software Market?
Why This Report Matters:
Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.
Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.
Efficient Research: Quickly identify market growth, leading players, and major segments.
Connect with 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.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 Agency Software Industry Report 2025-2034: Market Dynamics, Trends, And Forecasts here
News-ID: 4071452 • Views: …
More Releases from The Business Research Company
Smart Luggage Market Size Forecasted To Achieve 4.98 Billion By 2029 With Steady …
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.
What Is the Smart Luggage Market Size and Projected Growth Rate?
The smart suitcase market has been on a steady increase in size swiftly in the past few years. Its expansion from $2.11 billion in 2024 to $2.51 billion in 2025, reflecting a Compound Annual Growth Rate (CAGR) of 19.0%, highlights this.…
Increasing Adoption Of Cloud-Based Services Propels Market Growth As A Result Of …
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.
What Is the Expected Small Language Model Market Size During the Forecast Period?
In the past few years, the market size for small language models has seen substantial growth. The expansion is projected to continue, rising from a value of $7.66 billion in 2024 to $9.23 billion in 2025, indicating a compound…
Rubber Coated Metal Market Anticipated To Witness Robust Growth, Surpassing 10.5 …
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.
What Is the Current Rubber Coated Metal Market Size and Its Estimated Growth Rate?
The market size for rubber-coated metal has seen significant growth in the recent past. It is projected to increase from $7.66 billion in 2024 to $8.18 billion in 2025, translating to a compound annual growth rate (CAGR) of…
Global Railway AC System Market Analysis 2025-2030: Growth Drivers, Challenges, …
We've updated all our reports with current data on tariff changes, trade developments, and supply chain shifts affecting key industries.
How Big Is the Railway AC System Market Size Expected to Be by 2034?
The market for railway air conditioning systems has seen significant expansion in the recent past. The market, which was valued at $4.37 billion in 2024, is projected to reach $4.76 billion in 2025, reflecting a compound annual growth…
More Releases for Insurance
Household Insurance market by top keyaplayers - Discount Insurance Home Insuran …
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 marketgrowth. 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 have also been included in…
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…
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…
Agricultural Insurance Market 2018-2023: AnHua Agricultural Insurance, Anxin Agr …
A new research study titled, “Global Agricultural Insurance Market” has been added to the comprehensive repository of Orbis Research
Agricultural Insurance Market - Global Status and Trend Report 2018-2023 offer a comprehensive analysis of the Agricultural Insurance industry, standing on the readers’ perspective, delivering detailed market data and penetrating insights. No matter the client is the industry insider, potential entrant or investor, the report will provide useful data and information.
The…
Insurance Market-Saga’s Retail Broking Business Offers Motor Insurance, Pet In …
Orbis Research Market brilliance released a new research report of 33 pages on title ‘Insurance Company Profile: Saga’ with detailed analysis, forecast and strategies.
Insurance Company Profile: Saga", profile provides a comprehensive review of Saga and its UK business. This includes its strategy for growth and focus on digitization as well as its performance in the UK and marketing and distribution strategy.
Request a sample of this report at http://orbisresearch.com/contacts/request-sample/2026595
Saga…
