Insurance Analytics Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2026

The report on the global insurance analytics market provides qualitative and quantitative analysis for the period from 2018 to 2026. The report predicts the global insurance analytics market to grow with a CAGR of 12.27% over the forecast period from 2020-2026. The study on insurance analytics market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2018 to 2026.

The report on insurance analytics market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global insurance analytics market over the period of 2018 to 2026. Moreover, the report is a collective presentation of primary and secondary research findings.

Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global insurance analytics market over the period of 2018 to 2026. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.

Report Findings

1) Drivers

• The rapid adoption of data-driven decision making and the growing adoption of advanced analytics techniques
• Higher adoption of insurance analytics services and tools among the SMEs

2) Restraints

• Data quality and security issues, and the dearth of skilled workforce

3) Opportunities

• The increasing adoption of IoT insurance is projected to offer lucrative opportunities

Research Methodology

A) Primary Research
The primary research involves extensive interviews and analysis of the opinions provided by the primary respondents. The primary research starts with identifying and approaching the primary respondents, the primary respondents are approached include
1. Key Opinion Leaders
2. Internal and External subject matter experts
3. Professionals and participants from the industry

The primary research respondents typically include
1. Executives working with leading companies in the market under review
2. Product/brand/marketing managers
3. CXO level executives
4. Regional/zonal/ country managers
5. Vice President level executives.

B) Secondary Research
Secondary research involves extensive exploring through the secondary sources of information available in both the public domain and paid sources. Each research study is based on over 500 hours of secondary research accompanied by primary research. The information obtained through the secondary sources is validated through the crosscheck on various data sources.

The secondary sources of the data typically include
1. Company reports and publications
2. Government/institutional publications
3. Trade and associations journals
4. Databases such as WTO, OECD, World Bank, and among others.
5. Websites and publications by research agencies

Segment Covered
The global insurance analytics market is segmented on the basis of component, deployment, application, enterprise size, and end-users.

The Global Insurance Analytics Market by Component

• Tool

The Global Insurance Analytics Market by Deployment

• Cloud
• On-premise

The Global Insurance Analytics Market by Application

• Claim Management
• Risk Management
• Process Optimization
• Customer Management & Personalization

The Global Insurance Analytics Market by Enterprise Size

• Large Enterprise
• SMEs

The Global Insurance Analytics Market by End-users

• Insurance Companies
• Government Agencies
• Third-party Administrators, Brokers, and Consultancies

Company Profiles
The companies covered in the report include

• Hexaware Technologies
• LexisNexis Risk Solutions
• Microsoft Corporation
• MicroStrategy Inc.
• OpenText
• Oracle Corporation
• PEGASYSTEMS INC.
• Sapiens International
• Tableau Software, LLC
• Verisk Analytics, Inc.

What does this report deliver?
1. Comprehensive analysis of the global as well as regional markets of the insurance analytics market.
2. Complete coverage of all the segments in the insurance analytics market to analyze the trends, developments in the global market and forecast of market size up to 2026.
3. Comprehensive analysis of the companies operating in the global insurance analytics market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.

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