P&C Insurance Software Market By Component, By Deployment Model, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market

CHAPTER 4: P&C INSURANCE SOFTWARE MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Software
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Service
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country

CHAPTER 5: P&C INSURANCE SOFTWARE MARKET, BY DEPLOYMENT MODEL
5.1 Overview
5.1.1 Market size and forecast
5.2 On Premise
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Cloud
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country

CHAPTER 6: P&C INSURANCE SOFTWARE MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 Claims
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Underwriting
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
6.4 Operations
6.4.1 Key market trends, growth factors and opportunities
6.4.2 Market size and forecast, by region
6.4.3 Market analysis by country
6.5 Others
6.5.1 Key market trends, growth factors and opportunities
6.5.2 Market size and forecast, by region
6.5.3 Market analysis by country

CHAPTER 7: P&C INSURANCE SOFTWARE MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.3 North America Market size and forecast, by Deployment Model
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Component
7.2.5.1.2 Market size and forecast, by Deployment Model
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Component
7.2.5.2.2 Market size and forecast, by Deployment Model
7.2.5.2.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.3 Europe Market size and forecast, by Deployment Model
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 UK
7.3.5.1.1 Market size and forecast, by Component
7.3.5.1.2 Market size and forecast, by Deployment Model
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 Germany
7.3.5.2.1 Market size and forecast, by Component
7.3.5.2.2 Market size and forecast, by Deployment Model
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Component
7.3.5.3.2 Market size and forecast, by Deployment Model
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Component
7.3.5.4.2 Market size and forecast, by Deployment Model
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Spain
7.3.5.5.1 Market size and forecast, by Component
7.3.5.5.2 Market size and forecast, by Deployment Model
7.3.5.5.3 Market size and forecast, by Application
7.3.5.6 Netherlands
7.3.5.6.1 Market size and forecast, by Component
7.3.5.6.2 Market size and forecast, by Deployment Model
7.3.5.6.3 Market size and forecast, by Application
7.3.5.7 Rest of Europe
7.3.5.7.1 Market size and forecast, by Component
7.3.5.7.2 Market size and forecast, by Deployment Model
7.3.5.7.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.3 Asia-Pacific Market size and forecast, by Deployment Model
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Component
7.4.5.1.2 Market size and forecast, by Deployment Model
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Component
7.4.5.2.2 Market size and forecast, by Deployment Model
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 South Korea
7.4.5.3.1 Market size and forecast, by Component
7.4.5.3.2 Market size and forecast, by Deployment Model
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 India
7.4.5.4.1 Market size and forecast, by Component
7.4.5.4.2 Market size and forecast, by Deployment Model
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Australia
7.4.5.5.1 Market size and forecast, by Component
7.4.5.5.2 Market size and forecast, by Deployment Model
7.4.5.5.3 Market size and forecast, by Application
7.4.5.6 Rest of LAMEA
7.4.5.6.1 Market size and forecast, by Component
7.4.5.6.2 Market size and forecast, by Deployment Model
7.4.5.6.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.3 LAMEA Market size and forecast, by Deployment Model
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Component
7.5.5.1.2 Market size and forecast, by Deployment Model
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Component
7.5.5.2.2 Market size and forecast, by Deployment Model
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Component
7.5.5.3.2 Market size and forecast, by Deployment Model
7.5.5.3.3 Market size and forecast, by Application

CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments

CHAPTER 9: COMPANY PROFILES
9.1 Agency Software,Inc.
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 ClarionDoor
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Duck Creek Technologies
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Guidewire Software, Inc.
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 InsuredMine
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 PCMS Software
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Pegasystems Inc.
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Quick Silver Systems, Inc.
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 WTW
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Zywave, Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments

List of Tables
Table 1. Global P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 2. P&C Insurance Software Market, for Software, by Region, 2021-2031 ($Million)
Table 3. P&C Insurance Software Market for Software, by Country, 2021-2031 ($Million)
Table 4. P&C Insurance Software Market, for Service, by Region, 2021-2031 ($Million)
Table 5. P&C Insurance Software Market for Service, by Country, 2021-2031 ($Million)
Table 6. Global P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 7. P&C Insurance Software Market, for on Premise, by Region, 2021-2031 ($Million)
Table 8. P&C Insurance Software Market for on Premise, by Country, 2021-2031 ($Million)
Table 9. P&C Insurance Software Market, for Cloud, by Region, 2021-2031 ($Million)
Table 10. P&C Insurance Software Market for Cloud, by Country, 2021-2031 ($Million)
Table 11. Global P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 12. P&C Insurance Software Market, for Claims, by Region, 2021-2031 ($Million)
Table 13. P&C Insurance Software Market for Claims, by Country, 2021-2031 ($Million)
Table 14. P&C Insurance Software Market, for Underwriting, by Region, 2021-2031 ($Million)
Table 15. P&C Insurance Software Market for Underwriting, by Country, 2021-2031 ($Million)
Table 16. P&C Insurance Software Market, for Operations, by Region, 2021-2031 ($Million)
Table 17. P&C Insurance Software Market for Operations, by Country, 2021-2031 ($Million)
Table 18. P&C Insurance Software Market, for Others, by Region, 2021-2031 ($Million)
Table 19. P&C Insurance Software Market for Others, by Country, 2021-2031 ($Million)
Table 20. P&C Insurance Software Market, by Region, 2021-2031 ($Million)
Table 21. North America P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 22. North America P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 23. North America P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 24. North America P&C Insurance Software Market, by Country, 2021-2031 ($Million)
Table 25. U.S. P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 26. U.S. P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 27. U.S. P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 28. Canada P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 29. Canada P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 30. Canada P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 31. Europe P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 32. Europe P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 33. Europe P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 34. Europe P&C Insurance Software Market, by Country, 2021-2031 ($Million)
Table 35. UK P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 36. UK P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 37. UK P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 38. Germany P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 39. Germany P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 40. Germany P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 41. France P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 42. France P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 43. France P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 44. Italy P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 45. Italy P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 46. Italy P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 47. Spain P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 48. Spain P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 49. Spain P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 50. Netherlands P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 51. Netherlands P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 52. Netherlands P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 53. Rest of Europe P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 54. Rest of Europe P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 55. Rest of Europe P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 56. Asia-Pacific P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 57. Asia-Pacific P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 58. Asia-Pacific P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 59. Asia-Pacific P&C Insurance Software Market, by Country, 2021-2031 ($Million)
Table 60. China P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 61. China P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 62. China P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 63. Japan P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 64. Japan P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 65. Japan P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 66. South Korea P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 67. South Korea P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 68. South Korea P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 69. India P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 70. India P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 71. India P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 72. Australia P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 73. Australia P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 74. Australia P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 75. Rest of LAMEA P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 76. Rest of LAMEA P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 77. Rest of LAMEA P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 78. LAMEA P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 79. LAMEA P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 80. LAMEA P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 81. LAMEA P&C Insurance Software Market, by Country, 2021-2031 ($Million)
Table 82. Latin America P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 83. Latin America P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 84. Latin America P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 85. Middle East P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 86. Middle East P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 87. Middle East P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 88. Africa P&C Insurance Software Market, by Component, 2021-2031 ($Million)
Table 89. Africa P&C Insurance Software Market, by Deployment Model, 2021-2031 ($Million)
Table 90. Africa P&C Insurance Software Market, by Application, 2021-2031 ($Million)
Table 91. Agency Software,Inc.: Company Snapshot
Table 92. Agency Software,Inc.: Operating Segments
Table 93. Agency Software,Inc.: Product Portfolio
Table 94. Agency Software,Inc.: Net Sales
Table 95. Agency Software,Inc.: Key Strategies
Table 96. Clariondoor: Company Snapshot
Table 97. Clariondoor: Operating Segments
Table 98. Clariondoor: Product Portfolio
Table 99. Clariondoor: Net Sales
Table 100. Clariondoor: Key Strategies
Table 101. Duck Creek Technologies: Company Snapshot
Table 102. Duck Creek Technologies: Operating Segments
Table 103. Duck Creek Technologies: Product Portfolio
Table 104. Duck Creek Technologies: Net Sales
Table 105. Duck Creek Technologies: Key Strategies
Table 106. Guidewire Software, Inc.: Company Snapshot
Table 107. Guidewire Software, Inc.: Operating Segments
Table 108. Guidewire Software, Inc.: Product Portfolio
Table 109. Guidewire Software, Inc.: Net Sales
Table 110. Guidewire Software, Inc.: Key Strategies
Table 111. Insuredmine: Company Snapshot
Table 112. Insuredmine: Operating Segments
Table 113. Insuredmine: Product Portfolio
Table 114. Insuredmine: Net Sales
Table 115. Insuredmine: Key Strategies
Table 116. Pcms Software: Company Snapshot
Table 117. Pcms Software: Operating Segments
Table 118. Pcms Software: Product Portfolio
Table 119. Pcms Software: Net Sales
Table 120. Pcms Software: Key Strategies
Table 121. Pegasystems Inc.: Company Snapshot
Table 122. Pegasystems Inc.: Operating Segments
Table 123. Pegasystems Inc.: Product Portfolio
Table 124. Pegasystems Inc.: Net Sales
Table 125. Pegasystems Inc.: Key Strategies
Table 126. Quick Silver Systems, Inc.: Company Snapshot
Table 127. Quick Silver Systems, Inc.: Operating Segments
Table 128. Quick Silver Systems, Inc.: Product Portfolio
Table 129. Quick Silver Systems, Inc.: Net Sales
Table 130. Quick Silver Systems, Inc.: Key Strategies
Table 131. Wtw: Company Snapshot
Table 132. Wtw: Operating Segments
Table 133. Wtw: Product Portfolio
Table 134. Wtw: Net Sales
Table 135. Wtw: Key Strategies
Table 136. Zywave, Inc.: Company Snapshot
Table 137. Zywave, Inc.: Operating Segments
Table 138. Zywave, Inc.: Product Portfolio
Table 139. Zywave, Inc.: Net Sales
Table 140. Zywave, Inc.: Key Strategies

List of Figures
Figure 1. P&C Insurance Software Market Segmentation
Figure 2. P&C Insurance Software Market, 2021-2031
Figure 3. P&C Insurance Software Market, 2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. P&C Insurance Software Mark.:Drivers, Restraints and Opportunities
Figure 12. P&C Insurance Software Market, By Component, 2021(%)
Figure 13. Comparative Share Analysis of Software P&C Insurance Software Market, 2021-2031(%)
Figure 14. Comparative Share Analysis of Service P&C Insurance Software Market, 2021-2031(%)
Figure 15. P&C Insurance Software Market, By Deployment Model, 2021(%)
Figure 16. Comparative Share Analysis of on Premise P&C Insurance Software Market, 2021-2031(%)
Figure 17. Comparative Share Analysis of Cloud P&C Insurance Software Market, 2021-2031(%)
Figure 18. P&C Insurance Software Market, By Application, 2021(%)
Figure 19. Comparative Share Analysis of Claims P&C Insurance Software Market, 2021-2031(%)
Figure 20. Comparative Share Analysis of Underwriting P&C Insurance Software Market, 2021-2031(%)
Figure 21. Comparative Share Analysis of Operations P&C Insurance Software Market, 2021-2031(%)
Figure 22. Comparative Share Analysis of Others P&C Insurance Software Market, 2021-2031(%)
Figure 23. P&C Insurance Software Market by Region, 2021
Figure 24. U.S. P&C Insurance Software Market, 2021-2031($Million)
Figure 25. Canada P&C Insurance Software Market, 2021-2031($Million)
Figure 26. Uk P&C Insurance Software Market, 2021-2031($Million)
Figure 27. Germany P&C Insurance Software Market, 2021-2031($Million)
Figure 28. France P&C Insurance Software Market, 2021-2031($Million)
Figure 29. Italy P&C Insurance Software Market, 2021-2031($Million)
Figure 30. Spain P&C Insurance Software Market, 2021-2031($Million)
Figure 31. Netherlands P&C Insurance Software Market, 2021-2031($Million)
Figure 32. Rest of Europe P&C Insurance Software Market, 2021-2031($Million)
Figure 33. China P&C Insurance Software Market, 2021-2031($Million)
Figure 34. Japan P&C Insurance Software Market, 2021-2031($Million)
Figure 35. South Korea P&C Insurance Software Market, 2021-2031($Million)
Figure 36. India P&C Insurance Software Market, 2021-2031($Million)
Figure 37. Australia P&C Insurance Software Market, 2021-2031($Million)
Figure 38. Rest of LAMEA P&C Insurance Software Market, 2021-2031($Million)
Figure 39. Latin America P&C Insurance Software Market, 2021-2031($Million)
Figure 40. Middle East P&C Insurance Software Market, 2021-2031($Million)
Figure 41. Africa P&C Insurance Software Market, 2021-2031($Million)
Figure 42. Top Winning Strategies, by Year
Figure 43. Top Winning Strategies, by Development
Figure 44. Top Winning Strategies, by Company
Figure 45. Product Mapping of Top 10 Players
Figure 46. Competitive Dashboard
Figure 47. Competitive Heatmap of Top 10 Key Players
Figure 48. Agency Software, Inc.: Net Sales, ($Million)
Figure 49. Clariondoo.: Net Sales, ($Million)
Figure 50. Duck Creek Technologie.: Net Sales, ($Million)
Figure 51. Guidewire Software, Inc.: Net Sales, ($Million)
Figure 52. Insuredmin.: Net Sales, ($Million)
Figure 53. Pcms Softwar.: Net Sales, ($Million)
Figure 54. Pegasystems Inc.: Net Sales, ($Million)
Figure 55. Quick Silver Systems, Inc.: Net Sales, ($Million)
Figure 56. Wt.: Net Sales, ($Million)
Figure 57. Zywave, Inc.: Net Sales, ($Million)

Executive Summary

According to the report, “P&C Insurance Software Market," the p&c insurance software market was valued at $11.6 billion in 2021, and is estimated to reach $28.5 billion by 2031, growing at a CAGR of 9.6% from 2022 to 2031.

The adoption of P&C Insurance software has increased in recent years owing to the need of modern business enterprises to reduce the burden on on-premises data center equipment and reduce the management burden. Moreover, insurance brokers and agents utilize property and casualty insurance software, which includes capabilities like underwriting management, marketing automation, and claims administration, to market, sell, and administer insurance policies. This empowers customers with easy-to-use, easy-to-manage, scalable software that touches every facet of P&C insurance policy, rating, billing, claims, data analytics, and more. Furthermore, there is an increasing demand for software to eliminate manual tasks and offer personalized experiences to customers.

An increase in digital transformation among industries and rising penetration of internet & mobile devices across the world are boosting the global P&C Insurance software market growth. In addition, the growing need for finance among businesses and individuals to insure property positively impacts the growth of the P&C insurance software market. However, enforcement of strong rules by banks and financial institutions for providing housing finance is hampering the P&C insurance software market growth. On the contrary, the rise in prices of real estate properties in developing countries and the acceleration of metropolitan cities across the globe is expected to offer remunerative opportunities for expansion of the P&C insurance software market trends during the forecast period.

Depending on the deployment model, the on-premise segment holds the largest the P&C insurance software market share. This is attributed due to the custom monitoring needs of various businesses operating in a variety of business sectors. However, the cloud segment is expected to grow at the highest rate during the forecast period, due to its easier deplorability and higher scalability, which is expected to boost its demand in the coming years.

Region wise, the P&C insurance software industry was dominated by North America in 2021, and is expected to retain its position during the forecast period, owing the rise in awareness among SMEs and large businesses toward P&C insurance software services propelling the growth of the market in the region. However, Asia Pacific is expected to witness significant growth during the forecast period, owing to the rise in awareness and additional savings by individuals to purchase their own real-estate properties, propelling the adoption of P&C insurance software.

Key players operating in the P&C insurance software industry faced the negative impact of the COVID-19 outbreak, which resulted in a reduction in their revenue. In addition, the key players of P&C insurance software market tackled the pandemic situation by implementing several strategies depending on country guidelines. For instance, in March 2022, Tranzpay, LLC, an Orange County California based company which provides a digital payment platform geared to the insurance industry, partnered with InsuredMine, a platform that specializes in sales and marketing automation for insurance agencies. Moreover, before COVID-19, home finance companies were on ramp to changing their strategies to increase modes of engagement with customers. Furthermore, with the occurrence of COVID-19, the 'stay at home strategy accelerated the use of digitalized services and has become a standard & primary source of communication in every industry. The impact on insurance products varies according to the coverage they offer health products will likely bear a direct impact. While P&C products covering business interruptions as a result of lockdowns, or industries like travel and hospitality facing economic recession induced by the pandemic will witness different degrees of impact.

Key Findings of the Study

• By deployment model, the on-premise segment accounted for the largest P&C insurance software market forecast in 2021.
• Region wise, North America generated highest revenue in 2021.
• Depending on enterprise size, large enterprise generated the highest revenue in 2021.
• The key players profiled in the P&C Insurance software market analysis are Agency Software Inc., ClarionDoor, Duck Creek Technologies, Guidewire Software, Inc., InsuredMine, PCMS Software, Pegasystems Inc., Quick Silver Systems, Inc., WTW, and Zywave, Inc. These players have adopted various strategies to increase their market penetration and strengthen their position in the P&C insurance software industry.

Companies Mentioned

• Agency Software,Inc.
• ClarionDoor
• Duck Creek Technologies
• Guidewire Software, Inc.
• InsuredMine
• PCMS Software
• Pegasystems Inc.
• Quick Silver Systems, Inc.
• WTW
• Zywave, Inc.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

• Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
• Scientific and technical writings for product information and related preemptions
• Regional government and statistical databases for macro analysis
• Authentic news articles and other related releases for market evaluation
• Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.