Global Insurance Technology Market Trends 2018-2025: Services, Companies Profiles, Third Party Administration, Brokers, Aggregators, and Regional Opportunities
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Constant challenges experienced by insurance industry, knowing the widely spread insurance fraud and the inadequacy to account unforeseen costs, push these companies to spend capital on reinsurance policies. As insurance companies comes under pressure of reducing costs and acquiring new customers, the focus is shifted towards data and analytics, retention tools and customer acquisition. Hence, Insurance technology came into scenario. This trend has attributed to the increased adoption of Internet of Things (IoT) products. This shifted insurer's focus from product-based strategies to customer-centric strategies, and escalating alertness among insurers to digitalize channels.
Prominent insurers have embraced evolving technologies such as virtual reality intelligent automation, block chain, weaving themselves into their audience's everyday lives. Artificial Intelligence has become more sophisticated and autonomous, evolved from robotic process automation in the back-office to stepping into AI serving customers on the front-line.
Furthermore, the regional analysis of global Insurance technology market concludes the active regions including
As per regional analysis,
However, the
The detailed segments and sub-segment of the market are explained below:
By Component:
Tools
Services
By End User:
Insurance Companies
Third Party Administration and Brokers
Aggregators
By Regions:
?
o
o
?
o
o
?
o
o
o
?
o
o
? Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Some of the leading market players include:-
-
- Microsoft
- Accenture
- Oracle
- By Miles
- Yolo
- Zego
- Insurance Technology Services
-
- Techinsurance
- Seibels
-
- Marias Technology
-
- Hubio
- Ventiv
- Majesco-et-al and so on.
Acquisitions and effective mergers are some of the strategies adopted by the key manufacturers. New product launches and continuous technological innovations are the key strategies adopted by the major players.
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Chapter 1. Executive Summary
Chapter 2. Global Insurance Technology Market Definition and Scope
Chapter 3. Global Insurance Technology Market Dynamics
Chapter 4. Global Insurance Technology Market Industry Analysis
Chapter 5. Global Insurance Technology Market, By Component
Chapter 6. Global Insurance Technology Market, By End-User
Chapter 7. Global Insurance Technology Market, by Regional Analysis
Chapter 8. Competitive Intelligence
8.1. Company Market Share (Subject to Data Availability)
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1.
8.3.1.1. Overview
8.3.1.2. Financial (Subject to Data Availability)
8.3.1.3. Product Summary
8.3.1.4. Recent Developments
8.3.2. Microsoft.
8.3.3. Accenture
8.3.4. Oracle
8.3.5. By Miles.
8.3.6. Yolo
8.3.7. Zego
8.3.8. Insurance Technology Services
8.3.9.
Chapter 9.Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.1.6. Research Assumption
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