2018-2023 Global Insurance Technology Market Report (Status and Outlook)


Report - ID192510 | 23 September, 2018 | ICT | 154 pages | Report Type (Global) | Publisher Name - LP Information Inc

In this report, Research for Markets studies the present scenario (with the base year being 2017) and the growth prospects of global Insurance Technology market for 2018-2023.

Eighty-two percent of insurance executives agree their organizations must innovate at an increasingly rapid pace just to maintain a competitive edge. Leading insurers are embracing emerging technologies such as blockchain, virtual reality, and intelligent automation, weaving themselves seamlessly into the fabric of people's everyday lives. Carriers are also broadening their ecosystems, partnering with customers, employees, startups, and even governments to help society harness the power of these technologies while mitigating their risks, empowering their own growth in the process.
Artificial intelligence (AI) is becoming more autonomous and sophisticated, evolving from robotic process automation in the back-office to AI serving customers on the front-line. Four out of five insurance executives believe within the next two years, AI will work next to humans in their organizations, as a co-worker, collaborator and trusted advisor.
To build trust with customers and employees, and reap the benefits of supercharged efficiency, insurers must acknowledge the impact AI has on people’s lives. They must “raise” their AIs to act as responsible, productive members of society. Smart sensors and other Internet of Things devices could generate more than 500 zettabytes of data by 2020. Today’s enterprise infrastructures and the cloud alone cannot support this volume efficiently. The Internet of Thinking will extend data processing beyond the cloud, toward the edge of networks via special-purpose, customizable hardware.

Over the next five years, RFM(Research for Markets)projects that Insurance Technology will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.

This report presents a comprehensive overview, market shares and growth opportunities of Insurance Technology market by product type, application, key companies and key regions.

To calculate the market size, Research for Markets considers value generated from the sales of the following segments:

Segmentation by product type:
    Cloud Computing
    Big data and Analytics
    Mobility
    Block Chain
    Artificial Intelligence
    IoT
Segmentation by application:
    Commercial P&C insurance
    Personal P&C insurance
    Health and medical insurance
    Life and accident insurance
    Insurance administration and risk consulting
    Annuities

We can also provide the customized separate regional or country-level reports, for the following regions:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia

The report also presents the market competition landscape and a corresponding detailed analysis of the major players in the market. The key players covered in this report:
    Accenture
    Agile Financial Technologies
    E&Y
    HP
    IBM
    Mphasis
    Oracle
    Steria
    Amazon Web Service
    BSB
    Capgemini 
    Cognizant Technology Solutions 
    CSC
    FICO
    Genpact
    Google 
    Informatica
    Netapp
    Polaris
    Rackspace Hosting
    Salesforce
    SAP
    Symantec 
    TCS
    T-Systems 
    Verizon Communications 
    VMware 
    Wipro

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
    To study and analyze the global Insurance Technology market size by key regions/countries, product type and application.
    To understand the structure of Insurance Technology market by identifying its various subsegments.
    Focuses on the key global Insurance Technology players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
    To analyze the Insurance Technology with respect to individual growth trends, future prospects, and their contribution to the total market.
    To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
    To project the size of Insurance Technology submarkets, with respect to key regions (along with their respective key countries).
    To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
    To strategically profile the key players and comprehensively analyze their growth strategies.

2018-2023 Global Insurance Technology Market Report (Status and Outlook)

1 Scope of the Report
    1.1 Market Introduction
    1.2 Research Objectives
    1.3 Years Considered
    1.4 Market Research Methodology
    1.5 Economic Indicators
    1.6 Currency Considered

2 Executive Summary
    2.1 World Market Overview
        2.1.1 Global Insurance Technology Market Size 2018-2023
        2.1.2 Insurance Technology Market Size CAGR by Region
    2.2 Insurance Technology Segment by Type
        2.2.1 Cloud Computing
        2.2.2 Big data and Analytics
        2.2.3 Social Media
        2.2.4 Mobility
        2.2.5 Block Chain
        2.2.6 Artificial Intelligence
        2.2.7 IoT
    2.3 Insurance Technology Market Size by Type
        2.3.1 Global Insurance Technology Market Size Market Share by Type (2018-2023)
        2.3.2 Global Insurance Technology Market Size Growth Rate by Type (2018-2023)
    2.4 Insurance Technology Segment by Application
        2.4.1 Commercial P&C insurance
        2.4.2 Personal P&C insurance
        2.4.3 Health and medical insurance
        2.4.4 Life and accident insurance
        2.4.5 Insurance administration and risk consulting
        2.4.6 Annuities
    2.5 Insurance Technology Market Size by Application
        2.5.1 Global Insurance Technology Market Size Market Share by Application (2018-2023)
        2.5.2 Global Insurance Technology Market Size Growth Rate by Application (2018-2023)

3 Insurance Technology Key Players
    3.1 Date of Key Players Enter into Insurance Technology
    3.2 Key Players Insurance Technology Product Offered
    3.3 Key Players Insurance Technology Funding/Investment Analysis
    3.4 Funding/Investment
        3.4.1 Funding/Investment by Regions
        3.4.2 Funding/Investment by End Industry
    3.5 Key Players Insurance Technology Valuation & Market Capitalization
    3.6 Key Players Mergers & Acquisitions, Expansion Plans
    3.7 Market Ranking
    3.8 New Product/Technology Launches
    3.9 Partnerships, Agreements, and Collaborations
    3.10 Mergers and Acquisitions

4 Insurance Technology by Regions
    4.1 Insurance Technology Market Size by Regions
    4.2 Americas Insurance Technology Market Size Growth
    4.3 APAC Insurance Technology Market Size Growth
    4.4 Europe Insurance Technology Market Size Growth

5 Americas
    5.1 Americas Insurance Technology Market Size by Countries
    5.2 Americas Insurance Technology Market Size by Type
    5.3 Americas Insurance Technology Market Size by Application
    5.4 United States
    5.5 Canada
    5.6 Mexico
    5.7 Key Economic Indicators of Few Americas Countries

6 APAC
   6.1 APAC Insurance Technology Market Size by Countries
    6.2 APAC Insurance Technology Market Size by Type
    6.3 APAC Insurance Technology Market Size by Application
    6.4 China
    6.5 Japan
    6.6 Korea
    6.7 Southeast Asia
    6.8 India
    6.9 Australia
    6.10 Key Economic Indicators of Few APAC Countries

7 Europe
    7.1 Europe Insurance Technology by Countries
    7.2 Europe Insurance Technology Market Size by Type
    7.3 Europe Insurance Technology Market Size by Application
    7.4 Germany
    7.5 France
    7.6 UK
    7.7 Italy
    7.8 Russia
    7.9 Key Economic Indicators of Few Europe Countries

8 Market Drivers, Challenges and Trends
    8.1 Market Drivers and Impact
        8.1.1 Growing Demand from Key Regions
        8.1.2 Growing Demand from Key Applications and Potential Industries
    8.2 Market Challenges and Impact
    8.3 Market Trends
    8.4 Market Ecosystem and Roles

9 Key Investors in Insurance Technology
    9.1 Company A
        9.1.1 Company A Company Details
        9.1.2 Company Description
        9.1.3 Companies Invested by Company A
        9.1.4 Company A Key Development and Market Layout
    9.2 Company B
        9.2.1 Company B Company Details
        9.2.2 Company Description
        9.2.3 Companies Invested by Company B
        9.2.4 Company B Key Development and Market Layout
    9.3 Company C
        9.3.1 Company C Company Details
        9.3.2 Company Description
        9.3.3 Companies Invested by Company C
        9.3.4 Company C Key Development and Market Layout
    9.4 Company D
        9.4.1 Company D Company Details
        9.4.2 Company Description
        9.4.3 Companies Invested by Company D
        9.4.4 Company D Key Development and Market Layout
    …

10 Key Players Analysis
    10.1 Accenture
        10.1.1 Company Details
        10.1.2 Insurance Technology Product Offered
        10.1.3 Accenture Insurance Technology Market Size
        10.1.4 Main Business Overview
        10.1.5 Accenture News
    10.2 Agile Financial Technologies
        10.2.1 Company Details
        10.2.2 Insurance Technology Product Offered
        10.2.3 Agile Financial Technologies Insurance Technology Market Size
        10.2.4 Main Business Overview
        10.2.5 Agile Financial Technologies News
    10.3 E&Y
        10.3.1 Company Details
        10.3.2 Insurance Technology Product Offered
        10.3.3 E&Y Insurance Technology Market Size
        10.3.4 Main Business Overview
        10.3.5 E&Y News
    10.4 HP
        10.4.1 Company Details
        10.4.2 Insurance Technology Product Offered
        10.4.3 HP Insurance Technology Market Size
        10.4.4 Main Business Overview
        10.4.5 HP News
    10.5 IBM
        10.5.1 Company Details
        10.5.2 Insurance Technology Product Offered
        10.5.3 IBM Insurance Technology Market Size
        10.5.4 Main Business Overview
        10.5.5 IBM News
    10.6 Mphasis
        10.6.1 Company Details
        10.6.2 Insurance Technology Product Offered
        10.6.3 Mphasis Insurance Technology Market Size
        10.6.4 Main Business Overview
        10.6.5 Mphasis News
    10.7 Oracle
        10.7.1 Company Details
        10.7.2 Insurance Technology Product Offered
        10.7.3 Oracle Insurance Technology Market Size
        10.7.4 Main Business Overview
        10.7.5 Oracle News
    10.8 Steria
        10.8.1 Company Details
        10.8.2 Insurance Technology Product Offered
        10.8.3 Steria Insurance Technology Market Size
        10.8.4 Main Business Overview
        10.8.5 Steria News
    10.9 Amazon Web Service
        10.9.1 Company Details
        10.9.2 Insurance Technology Product Offered
        10.9.3 Amazon Web Service Insurance Technology Market Size
        10.9.4 Main Business Overview
        10.9.5 Amazon Web Service News
    10.10 BSB
        10.10.1 Company Details
        10.10.2 Insurance Technology Product Offered
        10.10.3 BSB Insurance Technology Market Size
        10.10.4 Main Business Overview
        10.10.5 BSB News
    10.11 Capgemini 
    10.12 Cognizant Technology Solutions 
    10.13 CSC
    10.14 FICO
    10.15 Genpact
    10.16 Google 
    10.17 Informatica
    10.18 Netapp
    10.19 Polaris
    10.20 Rackspace Hosting
    10.21 Salesforce
    10.22 SAP
    10.23 Symantec 
    10.24 TCS
    10.25 T-Systems 
    10.26 Verizon Communications 
    10.27 VMware 
    10.28 Wipro

11 Research Findings and Conclusion
List of Tables and Figures

    Figure Picture of Insurance Technology
    Figure Insurance Technology Report Years Considered
    Figure Market Research Methodology
    Figure Global Insurance Technology Market Size Growth Rate 2018-2023 ($ Millions)
    Table Insurance Technology Market Size CAGR by Region 2018-2023 ($ Millions)
    Table Major Players of Cloud Computing
    Table Major Players of Big data and Analytics
    Table Major Players of Social Media
    Table Major Players of Mobility
    Table Major Players of Block Chain
    Table Major Players of Artificial Intelligence
    Table Major Players of IoT
    Table Global Market Size by Type (2018-2023) ($ Millions)
    Table Global Insurance Technology Market Size Market Share by Type (2018-2023)
    Figure Global Insurance Technology Market Size Market Share by Type (2018-2023)
    Figure Global Cloud Computing Market Size Growth Rate
    Figure Global Big data and Analytics Market Size Growth Rate
    Figure Global Social Media Market Size Growth Rate
    Figure Global Mobility Market Size Growth Rate
    Figure Global Block Chain Market Size Growth Rate
    Figure Global Artificial Intelligence Market Size Growth Rate
    Figure Global IoT Market Size Growth Rate
    Figure Insurance Technology Consumed in Commercial P&C insurance
    Figure Global Insurance Technology Market: Commercial P&C insurance (2018-2023) ($ Millions)
    Figure Global Commercial P&C insurance YoY Growth ($ Millions)
    Figure Insurance Technology Consumed in Personal P&C insurance
    Figure Global Insurance Technology Market: Personal P&C insurance (2018-2023) ($ Millions)
    Figure Global Personal P&C insurance YoY Growth ($ Millions)
    Figure Insurance Technology Consumed in Health and medical insurance
    Figure Global Insurance Technology Market: Health and medical insurance (2018-2023) ($ Millions)
    Figure Global Health and medical insurance YoY Growth ($ Millions)
    Figure Insurance Technology Consumed in Life and accident insurance
    Figure Global Insurance Technology Market: Life and accident insurance (2018-2023) ($ Millions)
    Figure Global Life and accident insurance YoY Growth ($ Millions)
    Figure Insurance Technology Consumed in Insurance administration and risk consulting
    Figure Global Insurance Technology Market: Insurance administration and risk consulting (2018-2023) ($ Millions)
    Figure Global Insurance administration and risk consulting YoY Growth ($ Millions)
    Table Global Insurance Technology Market Size by Application (2018-2023) ($ Millions)
    Table Global Insurance Technology Market Size Market Share by Application (2018-2023)
    Figure Global Insurance Technology Market Size Market Share by Application (2018-2023)
    Figure Global Insurance Technology Market Size in Commercial P&C insurance Growth Rate
    Figure Global Insurance Technology Market Size in Personal P&C insurance Growth Rate
    Figure Global Insurance Technology Market Size in Health and medical insurance Growth Rate
    Figure Global Insurance Technology Market Size in Life and accident insurance Growth Rate
    Figure Global Insurance Technology Market Size in Insurance administration and risk consulting Growth Rate
    Figure Global Insurance Technology Market Size in Annuities Growth Rate
    Table Date of Global Key Players Enter into Insurance Technology Market
    Table Global Key Players Insurance Technology Product Offered
    Table Key Players Insurance Technology Funding/Investment ($ Millions)
    Figure Funding/Investment
    Table Funding/Investment by Regions
    Table Funding/Investment by End Industry
    Table Key Players Insurance Technology Valuation & Market Capitalization ($ Millions)
    Table Key Players Mergers & Acquisitions, Expansion Plans
    Table Global Insurance Technology Market Size by Regions 2018-2023 ($ Millions)
    Table Global Insurance Technology Market Size Market Share by Regions 2018-2023
    Figure Global Insurance Technology Market Size Market Share by Regions 2018-2023
    Figure Americas Insurance Technology Market Size 2018-2023 ($ Millions)
    Figure APAC Insurance Technology Market Size 2018-2023 ($ Millions)
    Figure Europe Insurance Technology Market Size 2018-2023 ($ Millions)
    Table Americas Insurance Technology Market Size by Countries (2018-2023) ($ Millions)
    Table Americas Insurance Technology Market Size Market Share by Countries (2018-2023)
    Figure Americas Insurance Technology Market Size Market Share by Countries in 2018
    Table Americas Insurance Technology Market Size by Type (2018-2023) ($ Millions)
    Table Americas Insurance Technology Market Size Market Share by Type (2018-2023)
    Figure Americas Insurance Technology Market Size Market Share by Type in 2018
    Table Americas Insurance Technology Market Size by Application (2018-2023) ($ Millions)
    Table Americas Insurance Technology Market Size Market Share by Application (2018-2023)
    Figure Americas Insurance Technology Market Size Market Share by Application in 2018
    Figure United States Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Canada Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Mexico Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Table APAC Insurance Technology Market Size by Countries (2018-2023) ($ Millions)
    Table APAC Insurance Technology Market Size Market Share by Countries (2018-2023)
    Figure APAC Insurance Technology Market Size Market Share by Countries in 2018
    Table APAC Insurance Technology Market Size by Type (2018-2023) ($ Millions)
    Table APAC Insurance Technology Market Size Market Share by Type (2018-2023)
    Figure APAC Insurance Technology Market Size Market Share by Type in 2018
    Table APAC Insurance Technology Market Size by Application (2018-2023) ($ Millions)
    Table APAC Insurance Technology Market Size Market Share by Application (2018-2023)
    Figure APAC Insurance Technology Market Size Market Share by Application in 2018
    Figure China Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Japan Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Korea Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Southeast Asia Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure India Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Australia Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Table Europe Insurance Technology Market Size by Countries (2018-2023) ($ Millions)
    Table Europe Insurance Technology Market Size Market Share by Countries (2018-2023)
    Figure Europe Insurance Technology Market Size Market Share by Countries in 2018
    Table Europe Insurance Technology Market Size by Type (2018-2023) ($ Millions)
    Table Europe Insurance Technology Market Size Market Share by Type (2018-2023)
    Figure Europe Insurance Technology Market Size Market Share by Type in 2018
    Table Europe Insurance Technology Market Size by Application (2018-2023) ($ Millions)
    Table Europe Insurance Technology Market Size Market Share by Application (2018-2023)
    Figure Europe Insurance Technology Market Size Market Share by Application in 2018
    Figure Germany Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure France Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure UK Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Italy Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Figure Russia Insurance Technology Market Size Growth 2018-2023 ($ Millions)
    Table Company A Company Details
    Table Companies Invested by Company A
    Table Company A Key Development and Market Layout
    Table Company B Company Details
    Table Companies Invested by Company B
    Table Company B Key Development and Market Layout
    Table Company C Company Details
    Table Companies Invested by Company C
    Table Company C Key Development and Market Layout
    Table Company C Company Details
    Table Companies Invested by Company C
    Table Company C Key Development and Market Layout
    Table Accenture Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Accenture Insurance Technology Market Size
    Table Agile Financial Technologies Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Agile Financial Technologies Insurance Technology Market Size
    Table E&Y Basic Information, Head Office, Major Market Areas and Its Competitors
    Table E&Y Insurance Technology Market Size
    Table HP Basic Information, Head Office, Major Market Areas and Its Competitors
    Table HP Insurance Technology Market Size
    Table IBM Basic Information, Head Office, Major Market Areas and Its Competitors
    Table IBM Insurance Technology Market Size
    Table Mphasis Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Mphasis Insurance Technology Market Size
    Table Oracle Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Oracle Insurance Technology Market Size
    Table Steria Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Steria Insurance Technology Market Size
    Table Amazon Web Service Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Amazon Web Service Insurance Technology Market Size
    Table BSB Basic Information, Head Office, Major Market Areas and Its Competitors
    Table BSB Insurance Technology Market Size
    Table Capgemini  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Cognizant Technology Solutions  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table CSC Basic Information, Head Office, Major Market Areas and Its Competitors
    Table FICO Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Genpact Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Google  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Informatica Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Netapp Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Polaris Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Rackspace Hosting Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Salesforce Basic Information, Head Office, Major Market Areas and Its Competitors
    Table SAP Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Symantec  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table TCS Basic Information, Head Office, Major Market Areas and Its Competitors
    Table T-Systems  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Verizon Communications  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table VMware  Basic Information, Head Office, Major Market Areas and Its Competitors
    Table Wipro Basic Information, Head Office, Major Market Areas and Its Competitors
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