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Digital Underwriting and Claims Automation Market Is Booming So Rapidly | Major Giants IBM, Microsoft, Oracle
Digital Underwriting and Claims Automation Market
Key Players in This Report Include:
Guidewire Software, Duck Creek Technologies, Vertafore, Applied Systems, Majesco, Sapiens, Cognizant,IBM, Microsoft, Oracle, Salesforce, McKinsey & Company, Guidewire Software, Genpact, DXC Technology, Duck Creek Technologies, SAP, FIS Global.
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According to HTF Market HTF Market Intelligence projects that the global Digital Underwriting and Claims Automation market will expand at a compound annual growth rate (CAGR) of 8.1 % from 2025 to 2032, from 4.0 Billion in 2025 to 7.0 Billion by 2032.
The Digital Underwriting and Claims Automation market is segmented by Types (Automation, Digital Underwriting, Claims Processing, Risk Assessment, AI, Big Data, Cloud-based Solutions), Application (Insurance, Financial Services, Claims Management, Risk Assessment, Customer Service, Fraud Detection, Policy Underwriting) and by Geography (North America, LATAM, West Europe, Central & Eastern Europe, Northern Europe, Southern Europe, East Asia, Southeast Asia, South Asia, Central Asia, Oceania, MEA).
Definition:
Digital underwriting and claims automation use AI and big data to streamline insurance processes like policy underwriting and claims management. This technology speeds up decision-making, enhances accuracy, and reduces fraud while improving the customer experience.
✦ Growth Drivers
✦ Rising need for faster, more accurate risk assessment.
✦ Surge in digital insurance adoption and online policy buying.
✦ AI, NLP, and machine learning integration in underwriting workflows.
✦ Increasing fraud detection capabilities.
✦ Insurers focusing on cost reduction and operational efficiency.
✦ Trends
✦ Full-stack automation using intelligent decision engines.
✦ Use of alternative data sources (IoT, wearables, telematics).
✦ Growth of no-touch claims processing.
✦ Embedded insurance expanding automated underwriting demand.
✦ Cloud-native platforms replacing legacy systems.
✦ Opportunities
✦ Untapped SMB insurance digitization.
✦ Expansion of automation in life, health, and cyber insurance.
✦ Partnerships with insurtech startups and digital brokers.
✦ AI-driven predictive underwriting models.
✦ Automation solutions for global insurers modernizing infrastructure.
✦ Challenges
✦ Data privacy concerns and cyber risks.
✦ Integration issues with legacy core systems.
✦ Algorithmic bias leading to inaccurate risk scoring.
✦ Regulatory constraints around automated decisions.
✦ High upfront investment for modernization.
Dominating Region:
• North America
Fastest-Growing Region:
• Asia-Pacific
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The titled segments and sub-section of the market are illuminated below:
In-depth analysis of Digital Underwriting and Claims Automation market segments by Types: Automation, Digital Underwriting, Claims Processing, Risk Assessment, AI, Big Data, Cloud-based Solutions
Detailed analysis of Digital Underwriting and Claims Automation market segments by Applications: Insurance, Financial Services, Claims Management, Risk Assessment, Customer Service, Fraud Detection, Policy Underwriting
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Digital Underwriting and Claims Automation Market Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Points Covered in Table of Content of Global Digital Underwriting and Claims Automation Market:
Chapter 01 - Digital Underwriting and Claims Automation Market Executive Summary
Chapter 02 - Market Overview
Chapter 03 - Key Success Factors
Chapter 04 - Global Digital Underwriting and Claims Automation Market - Pricing Analysis
Chapter 05 - Global Digital Underwriting and Claims Automation Market Background or History
Chapter 06 - Global Digital Underwriting and Claims Automation Market Segmentation (e.g. Type, Application)
Chapter 07 - Key and Emerging Countries Analysis Worldwide Polyester Fiber Market
Chapter 08 - Global Digital Underwriting and Claims Automation Market Structure & worth Analysis
Chapter 09 - Global Digital Underwriting and Claims Automation Market Competitive Analysis & Challenges
Chapter 10 - Assumptions and Acronyms
Chapter 11 - Digital Underwriting and Claims Automation Market Research Method Polyester Fiber
Thank you for reading this post. You may also obtain report versions by area, such as North America, LATAM, Europe, Japan, Australia, or Southeast Asia, or by chapter.
Nidhi Bhawsar (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +15075562445
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence Consulting is uniquely positioned to empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events, and experience that assist in decision-making.
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