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Life Insurance Policy Administration Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region

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    Report

  • 247 Pages
  • February 2024
  • Region: Global
  • Fairfield Market Research
  • ID: 5943081

Global Life Insurance Policy Administration System Market Continues to Surge with Technological Advancements

The global life insurance policy administration system market is experiencing robust growth, fueled by the imperative need for insurers to stay abreast of technological advancements. As organizations seek to streamline policy management processes and enhance customer experience, the demand for efficient life insurance policy administration systems is on the rise.

Driving Efficiency and Innovation

A life insurance policy administration system serves as the backbone for managing the end-to-end lifecycle of various insurance products, including group life, individual, and pension policies. This software empowers insurers to maintain policy records, calculate costs, and design new policies, thereby optimizing flexibility and administration across different insurance products.

Embracing Technological Advancements

The market witnesses a surge in adoption due to its capability to adapt to evolving business landscapes. Features embedded within life insurance policy administration systems enable insurers to swiftly respond to changing market conditions and customer demands, thereby enhancing their competitive edge.

Market Dynamics

While factors such as the outsourcing of policy administration functions and rapidly changing market conditions drive market growth, challenges such as frequent product upgrades and intensifying competition pose constraints, particularly in developing economies.

Segmentation Insights

The global life insurance policy administration system market is segmented based on deployment type, component, policy administration category, end-user, and module.

Deployment Type: The market segments into Software as a Service (SaaS) and on-premise solutions. SaaS solutions are expected to witness significant growth, expanding at a CAGR of 14.0% during the forecast period.

Component: Segmented into software and services, with the services segment expected to capture a larger market share during the forecast period.

Policy Administration: Categories include policy lifecycle, underwriting, contract changes, claim settlement, user experience, and others. The user experience segment is projected to expand at a CAGR of 14.2%.

End-User: Segments comprise insurance companies, banks, and others. The insurance companies segment is anticipated to grow at a CAGR of 13.7% during the forecast period.

Module: Segments include customer relationship management, product development, training & development, business intelligence, and others. The business intelligence segment is expected to witness substantial growth.

Regional Outlook

North America and Europe are anticipated to maintain significant market positions in the forthcoming years. Specifically, the European life insurance policy administration system market is expected to demonstrate notable growth within the global market, with a projected compound annual growth rate (CAGR) exceeding 16.5% during the forecast period. Revenue derived from the life insurance policy administration system market in Europe and North America is forecasted to collectively represent a substantial portion of the global market revenue.

Key Market Players

Leading competitors in the life insurance policy administration system market include DXC Technology Company, Oracle Corporation, Capgemini SE, Accenture Plc, Concentrix Corporation, Infosys Limited, Mphasis Wyde, SAP SE, InsPro Technologies LLC, EXL Service Holdings, Inc., Majesco, and Sapiens International Corporation.

Market Segmentation

  • Deployment type
  • SaaS
  • On-premise
  • Component type
  • Software
  • Services
 Managed services

 Professional services
  • Policy Administration Category
  • Policy Lifecycle
  • Underwriting
  • Contract changes
  • Claim Settlement
  • User experience
  • Others
  • End-user
  • Insurance companies
  • Banks
  • Others
  • Module
  • CRM
  • Product Development
  • Training & Development
  • Business Intelligence
  • Others


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Table of Contents

1. Executive Summary
1.1. Global Life Insurance Policy Administration Systems Market Snapshot
1.2. Future Projections
1.3. Key Market Trends
1.4. Regional Snapshot, by Value, 2023
1.5. Analyst Recommendations
2. Market Overview
2.1. Market Definitions and Segmentations
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Restraints
2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter’s Five Forces Analysis
2.5. COVID-19 Impact Analysis
2.5.1. Supply
2.5.2. Demand
2.6. Impact of Ukraine-Russia Conflict
2.7. Economic Overview
2.7.1. World Economic Projections
2.8. PESTLE Analysis
3. Global Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
3.1. Global Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
3.1.1. Key Highlights
3.1.1.1. Software
3.1.1.2. Services
3.1.1.2.1. Managed services
3.1.1.2.2. Professional services
3.2. Global Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
3.2.1. Key Highlights
3.2.1.1. SaaS
3.2.1.2. On-premise
3.3. Global Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
3.3.1. Key Highlights
3.3.1.1. Policy Lifecycle
3.3.1.2. Underwriting
3.3.1.3. Contract changes
3.3.1.4. Claim Settlement
3.3.1.5. User experience
3.3.1.6. Others
3.4. Global Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
3.4.1. Key Highlights
3.4.1.1. CRM
3.4.1.2. Product Development
3.4.1.3. Training & Development
3.4.1.4. Business Intelligence
3.4.1.5. Others
3.5. Global Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
3.5.1. Key Highlights
3.5.1.1. Insurance companies
3.5.1.2. Banks
3.5.1.3. Others
3.6. Global Life Insurance Policy Administration Systems Market Outlook, by Region, Value (US$ Bn), 2018 - 2031
3.6.1. Key Highlights
3.6.1.1. North America
3.6.1.2. Europe
3.6.1.3. Asia Pacific
3.6.1.4. Latin America
3.6.1.5. Middle East & Africa
4. North America Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
4.1. North America Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
4.1.1. Key Highlights
4.1.1.1. Software
4.1.1.2. Services
4.1.1.2.1. Managed services
4.1.1.2.2. Professional services
4.2. North America Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
4.2.1. Key Highlights
4.2.1.1. SaaS
4.2.1.2. On-premise
4.3. North America Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
4.3.1. Key Highlights
4.3.1.1. Policy Lifecycle
4.3.1.2. Underwriting
4.3.1.3. Contract changes
4.3.1.4. Claim Settlement
4.3.1.5. User experience
4.3.1.6. Others
4.4. North America Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
4.4.1. Key Highlights
4.4.1.1. CRM
4.4.1.2. Product Development
4.4.1.3. Training & Development
4.4.1.4. Business Intelligence
4.4.1.5. Others
4.5. North America Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
4.5.1. Key Highlights
4.5.1.1. Insurance companies
4.5.1.2. Banks
4.5.1.3. Others
4.5.2. BPS Analysis/Market Attractiveness Analysis
4.6. North America Life Insurance Policy Administration Systems Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
4.6.1. Key Highlights
4.6.1.1. U.S. Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
4.6.1.2. U.S. Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
4.6.1.3. U.S. Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
4.6.1.4. U.S. Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
4.6.1.5. U.S. Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
4.6.1.6. Canada Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
4.6.1.7. Canada Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
4.6.1.8. Canada Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
4.6.1.9. Canada Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
4.6.1.10. Canada Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
4.6.2. BPS Analysis/Market Attractiveness Analysis
5. Europe Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
5.1. Europe Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
5.1.1. Key Highlights
5.1.1.1. Software
5.1.1.2. Services
5.1.1.2.1. Managed services
5.1.1.2.2. Professional services
5.2. Europe Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
5.2.1. Key Highlights
5.2.1.1. SaaS
5.2.1.2. On-premise
5.3. Europe Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.3.1. Key Highlights
5.3.1.1. Policy Lifecycle
5.3.1.2. Underwriting
5.3.1.3. Contract changes
5.3.1.4. Claim Settlement
5.3.1.5. User experience
5.3.1.6. Others
5.4. Europe Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
5.4.1. Key Highlights
5.4.1.1. CRM
5.4.1.2. Product Development
5.4.1.3. Training & Development
5.4.1.4. Business Intelligence
5.4.1.5. Others
5.5. Europe Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
5.5.1. Key Highlights
5.5.1.1. Insurance companies
5.5.1.2. Banks
5.5.1.3. Others
5.5.2. BPS Analysis/Market Attractiveness Analysis
5.6. Europe Life Insurance Policy Administration Systems Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
5.6.1. Key Highlights
5.6.1.1. Germany Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.2. Germany Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.3. Germany Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.4. Germany Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.5. Germany Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.6. U.K. Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.7. U.K. Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.8. U.K. Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.9. U.K. Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.10. U.K. Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.11. France Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.12. France Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.13. France Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.14. France Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.15. France Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.16. Italy Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.17. Italy Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.18. Italy Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.19. Italy Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.20. Italy Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.21. Turkey Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.22. Turkey Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.23. Turkey Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.24. Turkey Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.25. Turkey Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.26. Russia Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.27. Russia Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.28. Russia Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.29. Russia Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.30. Russia Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.1.31. Rest of Europe Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
5.6.1.32. Rest of Europe Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
5.6.1.33. Rest of Europe Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
5.6.1.34. Rest of Europe Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
5.6.1.35. Rest of Europe Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
5.6.2. BPS Analysis/Market Attractiveness Analysis
6. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
6.1. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
6.1.1. Key Highlights
6.1.1.1. Software
6.1.1.2. Services
6.1.1.2.1. Managed services
6.1.1.2.2. Professional services
6.2. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
6.2.1. Key Highlights
6.2.1.1. SaaS
6.2.1.2. On-premise
6.3. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.3.1. Key Highlights
6.3.1.1. Policy Lifecycle
6.3.1.2. Underwriting
6.3.1.3. Contract changes
6.3.1.4. Claim Settlement
6.3.1.5. User experience
6.3.1.6. Others
6.4. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
6.4.1. Key Highlights
6.4.1.1. CRM
6.4.1.2. Product Development
6.4.1.3. Training & Development
6.4.1.4. Business Intelligence
6.4.1.5. Others
6.5. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
6.5.1. Key Highlights
6.5.1.1. Insurance companies
6.5.1.2. Banks
6.5.1.3. Others
6.5.2. BPS Analysis/Market Attractiveness Analysis
6.6. Asia Pacific Life Insurance Policy Administration Systems Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
6.6.1. Key Highlights
6.6.1.1. China Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.2. China Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.3. China Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.4. China Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.5. China Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.1.6. Japan Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.7. Japan Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.8. Japan Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.9. Japan Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.10. Japan Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.1.11. South Korea Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.12. South Korea Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.13. South Korea Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.14. South Korea Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.15. South Korea Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.1.16. India Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.17. India Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.18. India Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.19. India Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.20. India Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.1.21. Southeast Asia Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.22. Southeast Asia Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.23. Southeast Asia Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.24. Southeast Asia Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.25. Southeast Asia Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.1.26. Rest of Asia Pacific Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
6.6.1.27. Rest of Asia Pacific Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
6.6.1.28. Rest of Asia Pacific Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
6.6.1.29. Rest of Asia Pacific Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
6.6.1.30. Rest of Asia Pacific Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
6.6.2. BPS Analysis/Market Attractiveness Analysis
7. Latin America Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
7.1. Latin America Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
7.1.1. Key Highlights
7.1.1.1. Software
7.1.1.2. Services
7.1.1.2.1. Managed services
7.1.1.2.2. Professional services
7.2. Latin America Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
7.2.1. Key Highlights
7.2.1.1. SaaS
7.2.1.2. On-premise
7.3. Latin America Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
7.3.1. Key Highlights
7.3.1.1. Policy Lifecycle
7.3.1.2. Underwriting
7.3.1.3. Contract changes
7.3.1.4. Claim Settlement
7.3.1.5. User experience
7.3.1.6. Others
7.4. Latin America Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
7.4.1. Key Highlights
7.4.1.1. CRM
7.4.1.2. Product Development
7.4.1.3. Training & Development
7.4.1.4. Business Intelligence
7.4.1.5. Others
7.5. Latin America Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
7.5.1. Key Highlights
7.5.1.1. Insurance companies
7.5.1.2. Banks
7.5.1.3. Others
7.5.2. BPS Analysis/Market Attractiveness Analysis
7.6. Latin America Life Insurance Policy Administration Systems Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
7.6.1. Key Highlights
7.6.1.1. Brazil Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
7.6.1.2. Brazil Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
7.6.1.3. Brazil Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
7.6.1.4. Brazil Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
7.6.1.5. Brazil Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
7.6.1.6. Mexico Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
7.6.1.7. Mexico Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
7.6.1.8. Mexico Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
7.6.1.9. Mexico Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
7.6.1.10. Mexico Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
7.6.1.11. Argentina Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
7.6.1.12. Argentina Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
7.6.1.13. Argentina Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
7.6.1.14. Argentina Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
7.6.1.15. Argentina Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
7.6.1.16. Rest of Latin America Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
7.6.1.17. Rest of Latin America Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
7.6.1.18. Rest of Latin America Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
7.6.1.19. Rest of Latin America Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
7.6.1.20. Rest of Latin America Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
7.6.2. BPS Analysis/Market Attractiveness Analysis
8. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, 2018 - 2031
8.1. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by Component Type, Value (US$ Bn), 2018 - 2031
8.1.1. Key Highlights
8.1.1.1. Software
8.1.1.2. Services
8.1.1.2.1. Managed services
8.1.1.2.2. Professional services
8.2. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by Deployment type, Value (US$ Bn), 2018 - 2031
8.2.1. Key Highlights
8.2.1.1. SaaS
8.2.1.2. On-premise
8.3. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.3.1. Key Highlights
8.3.1.1. Policy Lifecycle
8.3.1.2. Underwriting
8.3.1.3. Contract changes
8.3.1.4. Claim Settlement
8.3.1.5. User experience
8.3.1.6. Others
8.4. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by Module, Value (US$ Bn), 2018 - 2031
8.4.1. Key Highlights
8.4.1.1. CRM
8.4.1.2. Product Development
8.4.1.3. Training & Development
8.4.1.4. Business Intelligence
8.4.1.5. Others
8.5. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by End User, Value (US$ Bn), 2018 - 2031
8.5.1. Key Highlights
8.5.1.1. Insurance companies
8.5.1.2. Banks
8.5.1.3. Others
8.5.2. BPS Analysis/Market Attractiveness Analysis
8.6. Middle East & Africa Life Insurance Policy Administration Systems Market Outlook, by Country, Value (US$ Bn), 2018 - 2031
8.6.1. Key Highlights
8.6.1.1. GCC Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
8.6.1.2. GCC Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
8.6.1.3. GCC Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.6.1.4. GCC Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
8.6.1.5. GCC Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
8.6.1.6. South Africa Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
8.6.1.7. South Africa Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
8.6.1.8. South Africa Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.6.1.9. South Africa Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
8.6.1.10. South Africa Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
8.6.1.11. Egypt Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
8.6.1.12. Egypt Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
8.6.1.13. Egypt Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.6.1.14. Egypt Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
8.6.1.15. Egypt Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
8.6.1.16. Nigeria Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
8.6.1.17. Nigeria Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
8.6.1.18. Nigeria Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.6.1.19. Nigeria Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
8.6.1.20. Nigeria Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
8.6.1.21. Rest of Middle East & Africa Life Insurance Policy Administration Systems Market by Component Type, Value (US$ Bn), 2018 - 2031
8.6.1.22. Rest of Middle East & Africa Life Insurance Policy Administration Systems Market by Deployment type, Value (US$ Bn), 2018 - 2031
8.6.1.23. Rest of Middle East & Africa Life Insurance Policy Administration Systems Market by Policy Administration Category, Value (US$ Bn), 2018 - 2031
8.6.1.24. Rest of Middle East & Africa Life Insurance Policy Administration Systems Market by Module, Value (US$ Bn), 2018 - 2031
8.6.1.25. Rest of Middle East & Africa Life Insurance Policy Administration Systems Market by End User, Value (US$ Bn), 2018 - 2031
8.6.2. BPS Analysis/Market Attractiveness Analysis
9. Competitive Landscape
9.1. Company Market Share Analysis, 2023
9.2. Competitive Dashboard
9.3. Company Profiles
9.3.1. Accenture Plc
9.3.1.1. Company Overview
9.3.1.2. Component Type Portfolio
9.3.1.3. Financial Overview
9.3.1.4. Business Strategies and Development
9.3.2. Concentrix Corporation
9.3.2.1. Company Overview
9.3.2.2. Component Type Portfolio
9.3.2.3. Financial Overview
9.3.2.4. Business Strategies and Development
9.3.3. Oracle Corporation
9.3.3.1. Company Overview
9.3.3.2. Component Type Portfolio
9.3.3.3. Financial Overview
9.3.3.4. Business Strategies and Development
9.3.4. DXC Technology Company
9.3.4.1. Company Overview
9.3.4.2. Component Type Portfolio
9.3.4.3. Financial Overview
9.3.4.4. Business Strategies and Development
9.3.5. InsPro Technologies LLC
9.3.5.1. Company Overview
9.3.5.2. Component Type Portfolio
9.3.5.3. Financial Overview
9.3.5.4. Business Strategies and Development
9.3.6. EXL Service Holdings, Inc.
9.3.6.1. Company Overview
9.3.6.2. Component Type Portfolio
9.3.6.3. Financial Overview
9.3.6.4. Business Strategies and Development
9.3.7. Infosys Limited
9.3.7.1. Company Overview
9.3.7.2. Component Type Portfolio
9.3.7.3. Financial Overview
9.3.7.4. Business Strategies and Development
9.3.8. Sapiens International Corporation
9.3.8.1. Company Overview
9.3.8.2. Component Type Portfolio
9.3.8.3. Financial Overview
9.3.8.4. Business Strategies and Development
9.3.9. Majesco
9.3.9.1. Company Overview
9.3.9.2. Component Type Portfolio
9.3.9.3. Financial Overview
9.3.9.4. Business Strategies and Development
9.3.10. Mphasis Wyde
9.3.10.1. Company Overview
9.3.10.2. Component Type Portfolio
9.3.10.3. Financial Overview
9.3.10.4. Business Strategies and Development
9.3.11. Capgemini
9.3.11.1. Company Overview
9.3.11.2. Component Type Portfolio
9.3.11.3. Financial Overview
9.3.11.4. Business Strategies and Development
9.3.12. Andesa Services
9.3.12.1. Company Overview
9.3.12.2. Component Type Portfolio
9.3.12.3. Financial Overview
9.3.12.4. Business Strategies and Development
10. Appendix
10.1. Research Methodology
10.2. Report Assumptions
10.3. Acronyms and Abbreviations

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Oracle Corporation
  • Accenture plc
  • InsPro Technologies LLC
  • Concentrix Corporation
  • DXC Technology Company
  • Infosys Limited
  • SAP SE
  • Capgemini SE
  • Mphasis Wyde
  • EXL
  • Sapiens International Corporation
  • Majesco
  • Andesa Services
  • FAST Technology

Methodology

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