Research and Markets – Global Insurance Software Market Growth of 4%, 2016-2020 With Microsoft, Oracle & Salesforce Dominating

DUBLIN, Jan 3, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Insurance Software Market 2016-2020" report to their offering.

The report forecasts the global insurance software market to grow at a CAGR of 4.59% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global insurance software market for 2016-2020. To calculate the market size, the report considers the revenue generated by the sales of the insurance software worldwide.

One trend in the market is increasing demand for cyber insurance. Cyber-insurers have developed different products to address the needs of cyber-risk companies. Specialized cyber-risk insurances come in many forms, but property, theft, and liability insurance are experiencing high demand. Insurers are offering cyber-risk enhancements to existing policies, such as management liability and business owners. The cyber insurance products take the form of a services-only product, services with breach response coverage, and services along with breach response including liability.

According to the report, one driver in the market is need to simplify the process. The insurance claims process is tedious and requires repetitive work that is done manually. The insurance companies are looking for claims management solutions to help them identify bottlenecks and streamline the entire system. Only a suitable life insurance software can help solve these issues and improve the overall efficiency and effectiveness of business process applications. Hence, many insurance industry end-users such as insurers, brokers, and agents are increasingly using the insurance software because it supports end-to-end automation and optimization of the claims management process. Insurance software also increases straight-through-processing rates, reduces errors and redundancies, and cuts costs.

Key Vendors:

• Microsoft
• Oracle
• Salesforce
• SAP

Key Topics Covered:

Part 01: Executive summary

Part 02: Scope of the report

Part 03: Assumption

Part 04: Market research methodology

Part 05: Introduction

Part 06: Market landscape

Part 07: Industry overview

Part 08: Product life cycle

Part 09: Market size and forecast

Part 10: Market segmentation by deployment model

Part 11: Geographical segmentation

Part 12: Market drivers

Part 13: Impact of drivers

Part 14: Market challenges

Part 15: Impact of drivers and challenges

Part 16: Market trends

Part 17: Impact of trends

Part 18: Buying criteria

Part 19: Five forces analysis

Part 20: Vendor landscape

Part 21: Key vendor profiles

Part 22: Other prominent vendors

Part 23: Appendix

For more information about this report visit http://www.researchandmarkets.com/research/hx9h4c/global_insurance

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Research and Markets

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SOURCE Research and Markets