保険プラットフォーム市場 : 2028年までの世界予測

Report Overview

The Insurance Platform market is projected to grow from USD 81.7 billion in 2023 to USD 156.0 billion by 2028, at a compound annual growth rate (CAGR) of 13.8% during the forecast period. The growth of the insurance platform market is primarily driven by rising customer expectations for digital convenience and personalized insurance products, coupled with the insurance industry’s need to harness data analytics and automation for enhanced efficiency and risk management.

“By offering, insurance workflow automation software segment is expected to register the fastest market growth rate during the forecast period”
The insurance workflow automation software market is poised for robust growth, primarily fueled by the need for operational efficiency and cost reduction within the insurance industry. Automation streamlines complex processes, accelerates claims processing, and minimizes errors, enhancing overall productivity. Additionally, the rising demand for personalized customer experiences and the imperative to stay competitive in the digital age are driving insurers to adopt automation solutions. Furthermore, regulatory compliance demands and the ongoing shift towards remote work are expected to propel the adoption of workflow automation software, ensuring seamless and compliant operations across the insurance sector..

“By technology, artificial intelligence (AI) & machine learning (ML) segment is expected to account for the largest market share during the forecast period”
AI & ML technology segment is set to dominate the insurance platform market, primarily due to the ability of AI & ML to enhance operational efficiency in underwriting and claims processing, resulting in cost savings and improved accuracy. These technologies also enable highly personalized insurance solutions tailored to individual customer needs, boosting customer satisfaction and loyalty. Moreover, AI & ML excel in fraud detection and prevention, helping insurers safeguard their resources. Furthermore, their capacity to analyze vast real-time data enables insurers to make more accurate risk assessments, ultimately driving profitability and solidifying their position as indispensable tools in the continually evolving insurance landscape..

“Singapore is slated to grow at the fastest rate during the forecast period, spearheading the insurance platform market expansion in Asia Pacific”
Singapore is poised to become the fastest-growing region in the Asia Pacific insurance platform market  due to several key factors. The nation’s strategic location as a regional financial hub fosters a favorable environment for insurance innovation and technology adoption. Singapore’s commitment to regulatory excellence and its proclivity for attracting global insurers contribute to a thriving ecosystem. Additionally, the country’s strong emphasis on digitalization, data analytics, and customer-centricity aligns perfectly with the evolving needs of insurers and customers alike. This convergence of factors positions Singapore as a dynamic epicenter for insurance platform growth in the Asia-Pacific region.

Breakdown of primaries
In-depth interviews were conducted with Chief Executive Officers (CEOs), innovation and technology directors, system integrators, and executives from various key organizations operating in the Insurance Platform market.
§ By Company: Tier I–33%, Tier II–52%, and Tier III–15%
§ By Designation: C-Level Executives–30%, D-Level Executives–48%, and Managers–22%
§ By Region: North America– 42%, Europe – 20%, Asia Pacific– 25% and Middle East Africa- 8%, Latin americ-5%

The report includes the study of key players offering insurance platform software and services. The major players in the insurance platform market include Microsoft (US), Adobe (US), Salesforce (US), IBM (US), Oracle (US), SAP (Germany), Pegasystems (US), Accenture (Ireland), DXC Technology (US), Guidewire Software (US), Duck Creek Technologies (US), Applied Systems (US), Fineos (Ireland), Cognizant (US), Appian (US), LTIMindtree (India), Prima Solutions (France), Majesco (US), EIS Group (US), Cogitate Technology Solutions (US), Vertafore (US), Sapiens International Corporation (Israel), Bolt Insurance (US), Inzura (UK), Britecore (US), Shift Technology (France), Zipari (US), Qauntemplate (US), PerfectQuote (US), Outsystems (US), Zywave (US), Socotra (US), InsuredMine (US), InsuredHQ (New Zealand), CodeMetro (US), AgencySmart (US), and OneShield (US).

Research coverage
This research report categorizes the insurance platform market by Offering (Software and Services), by Technology (AI & ML, IoT, Data Analytics & Big Data, Blockchain, Regulatory Technology, and Others), by Application (Claims Management, Underwriting & Rating, Customer Relationship Management (CRM), Billing & Payments, Data Analytics, Compliance & Reporting, Policy Administration, Collection & Disbursement, Sales & Marketing, Property Estimation, Predictive Modeling/Extreme Event Forecasting, and Others), by Insurance Type (General Insurance, Life Insurance, Cybersecurity Insurance, and Others), by End-users (Insurance Companies, Insurance Agencies and Brokers, Third-party Administrators (TPAs), Actuaries, and Reinsurers), and by region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The scope of the report covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the insurance platform market. A detailed analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements, new product & service launches, mergers and acquisitions, and recent developments associated with the insurance platform market. Competitive analysis of upcoming startups in the insurance platform market ecosystem is covered in this report.

Key Benefits of Buying the Report
The report would provide the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall insurance platform market and its subsegments. It would help stakeholders understand the competitive landscape and gain more insights better to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (Rise of data analytics and big data, increasing demand for digital insurance channels, need for cloud-based digital solutions), restraints (Complexity involved with the integration of insurance platforms with legacy systems, data security and privacy concerns, lack of standardization), opportunities (growth of the digital economy, advancements in the development of digital product innovations, adoption of cloud-based digital solutions to gain competitive advantage), and challenges (rising cyberattacks and their threats, lack of technical expertise, managing high volumes of data).
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the insurance platform market
• Market Development: Comprehensive information about lucrative markets – the report analyses the insurance platform market across varied regions
• Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the insurance platform market
• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like include Microsoft (US), Adobe (US), Salesforce (US), IBM (US), Oracle (US), SAP (Germany), Pegasystems (US), Accenture (Ireland), DXC Technology (US), and Guidewire Software (US), among others in the insurance platform market strategies. The report also helps stakeholders understand the pulse of the insurance platform market and provides them information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1            INTRODUCTION            63

1.1         STUDY OBJECTIVES      63

1.2         MARKET DEFINITION   63

1.2.1      INCLUSIONS AND EXCLUSIONS 64

1.3         MARKET SCOPE             65

1.3.1      MARKET SEGMENTATION         65

FIGURE 1           INSURANCE PLATFORMS MARKET SEGMENTATION     65

TABLE 1             INSURANCE PLATFORMS MARKET DETAILED SEGMENTATION           65

1.3.2      REGIONS COVERED      70

FIGURE 2           INSURANCE PLATFORMS MARKET SEGMENTATION, BY REGION             70

1.3.3      YEARS CONSIDERED     70

1.4         CURRENCY CONSIDERED          71

TABLE 2             USD EXCHANGE RATES, 2018–2022         71

1.5         STAKEHOLDERS            71

1.6         SUMMARY OF CHANGES            72

1.6.1      IMPACT OF RECESSION 72

2            RESEARCH METHODOLOGY     73

2.1         RESEARCH DATA           73

FIGURE 3           INSURANCE PLATFORMS MARKET: RESEARCH DESIGN 73

2.1.1      SECONDARY DATA       74

2.1.2      PRIMARY DATA 74

TABLE 3             PRIMARY INTERVIEWS 74

2.1.2.1   Breakup of primary profiles             75

2.1.2.2   Key industry insights          75

2.2         MARKET FORECAST      76

TABLE 4             FACTOR ANALYSIS        76

2.3         MARKET SIZE ESTIMATION       77

FIGURE 4           INSURANCE PLATFORMS MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES       77

2.3.1      TOP-DOWN APPROACH             77

2.3.2      BOTTOM-UP APPROACH           78

FIGURE 5           APPROACH 1 – BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM SOLUTIONS/SERVICES OF INSURANCE PLATFORMS MARKET   78

FIGURE 6           APPROACH 2 – BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF INSURANCE PLATFORMS              79

FIGURE 7           APPROACH 3 – BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE FROM ALL SOLUTIONS/SERVICES OF INSURANCE PLATFORMS              80

FIGURE 8           APPROACH 4 – BOTTOM-UP (DEMAND-SIDE): SHARE OF INSURANCE PLATFORM THROUGH OVERALL INSURANCE PLATFORM SPENDING        81

2.4         DATA TRIANGULATION             82

FIGURE 9           DATA TRIANGULATION             82

2.5         RESEARCH ASSUMPTIONS         83

2.6         LIMITATIONS   84

2.7         IMPLICATIONS OF RECESSION ON INSURANCE PLATFORMS MARKET              85

TABLE 5             IMPACT OF RECESSION ON GLOBAL INSURANCE PLATFORMS MARKET            86

3            EXECUTIVE SUMMARY 87

TABLE 6             INSURANCE PLATFORMS MARKET SIZE AND GROWTH RATE, 2018–2022 (USD MILLION, Y-O-Y)            89

TABLE 7             INSURANCE PLATFORMS MARKET SIZE AND GROWTH RATE, 2023–2028 (USD MILLION, Y-O-Y)            89

FIGURE 10         INSURANCE PLATFORM SOFTWARE TO DOMINATE MARKET OVER SERVICES IN 2023 89

FIGURE 11         INSURANCE POLICY MANAGEMENT TO LEAD AMONG SOFTWARE IN 2023        90

FIGURE 12         PROFESSIONAL SERVICES TO WITNESS SIGNIFICANT LEAD OVER MANAGED SERVICES MARKET IN 2023     90

FIGURE 13         CONSULTING & ADVISORY SEGMENT TO LEAD AMONG PROFESSIONAL SERVICES IN 2023          90

FIGURE 14         PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SEGMENT TO LEAD AMONG MANAGED SERVICES IN 2023         91

FIGURE 15         AI & ML PLATFORMS TO BE MOST ADOPTED TECHNOLOGY IN INSURANCE INDUSTRY IN 2023 91

FIGURE 16         CLAIMS MANAGEMENT TO BE LARGEST APPLICATION MARKET IN 2023             92

FIGURE 17         LIFE INSURANCE TO POSE HIGHEST DEMAND FOR INSURANCE PLATFORMS IN 2023           92

FIGURE 18         ACTUARIES TO BE HIGHEST END USERS OF INSURANCE PLATFORMS DURING FORECAST PERIOD          93

FIGURE 19         NORTH AMERICA TO ACCOUNT FOR LARGEST MARKET SHARE IN 2023  93

4            PREMIUM INSIGHTS      94

4.1         ATTRACTIVE OPPORTUNITIES FOR INSURANCE PLATFORMS MARKET PLAYERS           94

FIGURE 20         INCREASE IN CONSUMER DEMAND FOR QUICK CLAIMS PROCESSING AND EASIER POLICY MANAGEMENT TO DRIVE MARKET GROWTH          94

4.2         INSURANCE PLATFORMS MARKET: TOP THREE APPLICATIONS              94

FIGURE 21         POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT APPLICATION TO ACCOUNT FOR HIGHEST GROWTH RATE DURING FORECAST PERIOD     94

4.3         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING & END USER         95

FIGURE 22         SOFTWARE AND INSURANCE COMPANIES TO BE LARGEST SHAREHOLDERS IN MARKET IN NORTH AMERICA IN 2023          95

4.4         INSURANCE PLATFORMS MARKET, BY REGION 95

FIGURE 23         NORTH AMERICAN MARKET TO LEAD AMONG REGIONS IN 2023      95

5            MARKET OVERVIEW AND INDUSTRY TRENDS   96

5.1         INTRODUCTION            96

5.2         MARKET DYNAMICS     96

FIGURE 24         DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: INSURANCE PLATFORMS MARKET        96

5.2.1      DRIVERS            97

5.2.1.1   Rise of data analytics and big data    97

FIGURE 25         INCREASE IN PREDICTING LARGE LOSS CLAIMS TO BE LARGEST BENEFIT OF BIG DATA ANALYTICS IN INSURANCE SECTOR   97

5.2.1.2   Increase in demand for digital insurance channels        97

5.2.1.3   Need for cloud-based digital solutions            98

5.2.2      RESTRAINTS     98

5.2.2.1   Complexity involved with integration of insurance platforms with legacy systems              98

5.2.2.2   Data security and privacy concerns  99

5.2.2.3   Lack of standardization      99

5.2.3      OPPORTUNITIES           100

5.2.3.1   Growth of digital economy 100

5.2.3.2   Advancements in development of digital product innovations    100

5.2.3.3   Integration with IoT and sensor technologies for real-time data collection and visualization        100

5.2.4      CHALLENGES   101

5.2.4.1   Rise in cyberattacks and their threats             101

5.2.4.2   Lack of technical expertise 101

5.2.4.3   Managing high volumes of data        101

5.3         EVOLUTION OF INSURANCE PLATFORMS          102

FIGURE 26         INSURANCE PLATFORMS MARKET EVOLUTION             102

5.4         VALUE CHAIN ANALYSIS            104

FIGURE 27         INSURANCE PLATFORMS MARKET: VALUE CHAIN ANALYSIS              104

TABLE 8             INSURANCE PLATFORMS MARKET: VALUE CHAIN ANALYSIS              105

5.5         ECOSYSTEM ANALYSIS 106

TABLE 9             INSURANCE PLATFORMS MARKET: ECOSYSTEM            106

FIGURE 28         INSURANCE PLATFORMS MARKET: ECOSYSTEM ANALYSIS              108

5.5.1      INSURANCE PLATFORM PROVIDERS     108

5.5.2      INSURANCE CARRIERS  109

5.5.3      THIRD-PARTY SERVICE PROVIDERS      109

5.5.4      INSURANCE PLATFORM DATA PROVIDERS        109

5.5.5      INSURANCE PLATFORM RATING AGENCIES      109

5.5.6      INSURANCE PLATFORM END USERS      109

5.5.7      INSURANCE PLATFORM REGULATORY BODIES 109

5.6         INSURANCE PLATFORMS INVESTMENT LANDSCAPE     110

5.6.1      DEALS & FUNDING        110

FIGURE 29         INVESTOR FUNDING IN INSURANCE PLATFORMS SOARED IN 2021, DECLINING SHARPLY IN 2022        110

5.6.2      COUNTRIES WITH MOST DEALS            110

FIGURE 30         US EMERGED AS CLEAR LEADER IN INSURANCE PLATFORMS INVESTMENT, SECURING 238 DEALS IN 2022      110

5.7         BEST PRACTICES IN INSURANCE PLATFORMS MARKET 111

TABLE 10           BEST PRACTICES IN INSURANCE PLATFORMS MARKET 111

5.8         CASE STUDY ANALYSIS 112

5.8.1      SALESFORCE ASSISTED AXA BUSINESS INSURANCE IN ENHANCING CUSTOMER SATISFACTION       112

5.8.2      AON ITALY TRANSFORMED INSURANCE AND RISK MANAGEMENT OPERATIONS USING IBM CLOUD PAKS 113

5.8.3      PING AN IMPROVED CUSTOMER EXPERIENCE AND BUSINESS PROCESSES WITH HELP OF ACCENTURE            113

5.8.4      IBM HELPED SUN LIFE FINANCIAL MODERNIZE DIGITAL INSURANCE SOLUTIONS      114

5.8.5      ARAG GROUP EXPEDITED INTERNATIONAL REPORTING THROUGH IMPLEMENTATION OF SAP        114

5.8.6      QBE IMPLEMENTED MODERN REINSURANCE MANAGEMENT SYSTEM WITH HELP OF DUCK CREEK TECHNOLOGIES  115

5.9         TECHNOLOGY ANALYSIS           115

5.9.1      KEY TECHNOLOGIES    115

5.9.1.1   Artificial intelligence (AI) and machine learning (ML) 115

5.9.1.2   Blockchain           116

5.9.1.3   Cloud computing 116

5.9.1.4   IoT        116

5.9.1.5   Big data and analytics        117

5.9.2      ADJACENT TECHNOLOGIES      117

5.9.2.1   Cybersecurity      117

5.9.2.2   Digital identity verification 117

5.9.2.3   Telematics & GPS             118

5.9.3      COMPLEMENTARY TECHNOLOGIES     118

5.9.3.1   Robotic process automation (RPA)  118

5.9.3.2   Application programming interface (API)      118

5.9.3.3   Augmented reality/virtual reality (AR/VR)   119

5.10       TARIFF AND REGULATORY LANDSCAPE            119

5.10.1    TARIFF RELATED TO INSURANCE PLATFORM SOFTWARE         119

TABLE 11           TARIFF RELATED TO INSURANCE PLATFORM SOFTWARE, 2022              119

5.10.2    REGULATORY LANDSCAPE       120

5.10.3    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS          120

TABLE 12           NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         121

TABLE 13           EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 121

TABLE 14           ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         122

TABLE 15           MIDDLE EAST & AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         122

TABLE 16           LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS         123

5.10.4    REGULATIONS: INSURANCE PLATFORMS MARKET        123

5.10.4.1 North America     123

5.10.4.1.1            Health insurance portability and accountability act (HIPAA)     123

5.10.4.1.2            The gramm-leach-bliley act (GLBA)             123

5.10.4.1.3            Personal information protection and electronic documents act (PIPEDA)           124

5.10.4.2 Europe  124

5.10.4.2.1            General data protection regulation (GDPR)  124

5.10.4.2.2            Insurance distribution directive (IDD)          124

5.10.4.2.3            Solvency II directive           124

5.10.4.3 Asia Pacific          125

5.10.4.3.1            Insurance regulatory and development authority of India (IRDAI) regulations (India)             125

5.10.4.3.2            Financial services agency (FSA) regulations (Japan)    125

5.10.4.3.3            Insurance authority (IA) regulations (Hong Kong)      125

5.10.4.4 Middle East & Africa          125

5.10.4.4.1            Insurance authority (IA) regulations (United Arab Emirates)    125

5.10.4.4.2            Financial sector conduct authority (FSCA) regulations (South Africa)              125

5.10.4.4.3            Central bank of Nigeria (CBN) regulations (Nigeria)  126

5.10.4.5 Latin America      126

5.10.4.5.1            Superintendency of securities and insurance (SVS) regulations  126

5.10.4.5.2            Superintendence of private insurance (SUSEP) regulations       126

5.10.4.5.3            National insurance and bonding commission (CNSF) regulations              126

5.11       PATENT ANALYSIS        127

5.11.1    METHODOLOGY           127

5.11.2    PATENTS FILED             127

TABLE 17           PATENTS FILED, BY DOCUMENT TYPE, 2013–2023          127

5.11.3    INNOVATION AND PATENT APPLICATIONS      127

FIGURE 31         ANNUAL NUMBER OF PATENTS GRANTED, 2013–2023   127

5.11.3.1 Top applicants     128

FIGURE 32         TOP TEN PATENT APPLICANT COMPANIES, 2013–2023  128

FIGURE 33         REGIONAL ANALYSIS OF PATENTS GRANTED, 2013–2023              128

TABLE 18           TOP 20 PATENT OWNERS, 2013–2023     129

TABLE 19           LIST OF TOP PATENTS IN INSURANCE PLATFORMS MARKET, 2023      130

5.12       PRICING ANALYSIS        134

5.12.1    AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY SOFTWARE FUNCTIONALITY           135

FIGURE 34         AVERAGE SELLING PRICES OF KEY PLAYERS FOR TOP 3 SOFTWARE FUNCTIONALITIES 135

TABLE 20           AVERAGE SELLING PRICES OF KEY PLAYERS, BY SOFTWARE FUNCTIONALITY           135

5.12.2    INDICATIVE PRICING ANALYSIS OF INSURANCE PLATFORMS, BY APPLICATION  136

TABLE 21           INDICATIVE PRICING ANALYSIS OF INSURANCE PLATFORMS, BY APPLICATION           136

5.13       TRADE ANALYSIS          136

5.13.1    EXPORT SCENARIO OF INSURANCE SERVICES   136

FIGURE 35         INSURANCE SERVICES EXPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 137

5.13.2    IMPORT SCENARIO OF INSURANCE SERVICES   138

FIGURE 36         INSURANCE SERVICES IMPORT, BY KEY COUNTRY, 2015–2022 (USD BILLION) 139

5.14       KEY CONFERENCES AND EVENTS          139

TABLE 22           INSURANCE PLATFORMS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS    139

5.15       PORTER’S FIVE FORCES ANALYSIS         140

FIGURE 37         INSURANCE PLATFORMS MARKET: PORTER’S FIVE FORCES ANALYSIS          140

5.15.1    THREAT OF NEW ENTRANTS    141

5.15.2    THREAT OF SUBSTITUTES         141

5.15.3    BARGAINING POWER OF SUPPLIERS     141

5.15.4    BARGAINING POWER OF BUYERS           141

5.15.5    INTENSITY OF COMPETITIVE RIVALRY 141

5.16       INSURANCE PLATFORM TECHNOLOGY ROADMAP UNTIL 2030 142

TABLE 23           INSURANCE PLATFORM TECHNOLOGY ROADMAP UNTIL 2030              142

5.16.1    SHORT-TERM (2023–2025)          143

5.16.2    MID-TERM (2026–2028) 143

5.16.3    LONG-TERM (2029–2030)            143

5.17       INSURANCE PLATFORM BUSINESS MODELS      144

5.17.1    PLATFORM LICENSING MODEL 144

5.17.2    SOFTWARE AS A SERVICE MODEL (SAAS)           144

5.17.3    PAY-PER-TRANSACTION MODEL           145

5.17.4    API INTEGRATION AND DEVELOPER SERVICES MODEL 145

5.17.5    WHITE LABEL INSURANCE PLATFORMS MODEL            145

5.18       TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS OF INSURANCE PLATFORMS MARKET   146

FIGURE 38         INSURANCE PLATFORMS MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS/CLIENTS  146

5.19       KEY STAKEHOLDERS AND BUYING CRITERIA    147

5.19.1    KEY STAKEHOLDERS IN BUYING PROCESS         147

FIGURE 39         INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      147

TABLE 24           INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS      147

5.19.2    BUYING CRITERIA         148

FIGURE 40         KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              148

TABLE 25           KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS              148

6            INSURANCE PLATFORMS MARKET, BY OFFERING          149

6.1         INTRODUCTION            150

6.1.1      OFFERING: INSURANCE PLATFORMS MARKET DRIVERS             150

FIGURE 41         INSURANCE PLATFORM SERVICES TO WITNESS FASTER GROWTH DURING FORECAST PERIOD 151

TABLE 26           INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION) 151

TABLE 27           INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION) 151

6.2         SOFTWARE       152

FIGURE 42         INSURANCE WORKFLOW AUTOMATION TO BE LARGEST SOFTWARE SEGMENT IN 2023   152

TABLE 28           INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)     153

TABLE 29           INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)     153

6.2.1      INTELLIGENT DOCUMENT PROCESSING           153

TABLE 30           INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)       154

TABLE 31           INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)       154

6.2.1.1   Digital document depository            155

TABLE 32           DIGITAL DOCUMENT DEPOSITORY SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       155

TABLE 33           DIGITAL DOCUMENT DEPOSITORY SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       155

6.2.1.2   Document collaboration    156

TABLE 34           DOCUMENT COLLABORATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       156

TABLE 35           DOCUMENT COLLABORATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       156

6.2.1.3   Document verification       157

TABLE 36           DOCUMENT VERIFICATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          157

TABLE 37           DOCUMENT VERIFICATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          157

6.2.1.4   Document version control  158

TABLE 38           DOCUMENT VERSION CONTROL SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       158

TABLE 39           DOCUMENT VERSION CONTROL SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       158

6.2.2      INSURANCE LEAD MANAGEMENT         159

TABLE 40           INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)             159

TABLE 41           INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)             159

6.2.2.1   Lead tracking & assignment             160

TABLE 42           LEAD TRACKING & ASSIGNMENT SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       160

TABLE 43           LEAD TRACKING & ASSIGNMENT SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       160

6.2.2.2   Lead scoring & nurturing   161

TABLE 44           LEAD SCORING & NURTURING SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       161

TABLE 45           LEAD SCORING & NURTURING SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       161

6.2.2.3   Lead analytics      162

TABLE 46           LEAD ANALYTICS SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 162

TABLE 47           LEAD ANALYTICS SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 162

6.2.2.4   Cross-selling & upselling    163

TABLE 48           CROSS-SELLING & UPSELLING SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       163

TABLE 49           CROSS-SELLING & UPSELLING SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       163

6.2.3      INSURANCE WORKFLOW AUTOMATION            164

TABLE 50           INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)       164

TABLE 51           INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)       164

6.2.3.1   Claims workflow automation           165

TABLE 52           CLAIMS WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       165

TABLE 53           CLAIMS WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       165

6.2.3.2   Underwriting workflow automation 166

TABLE 54           UNDERWRITING WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)            166

TABLE 55           UNDERWRITING WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)            166

6.2.3.3   Customer onboarding automation   167

TABLE 56           CUSTOMER ONBOARDING AUTOMATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)            167

TABLE 57           CUSTOMER ONBOARDING AUTOMATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)            167

6.2.3.4   Compliance workflow automation    168

TABLE 58           COMPLIANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)            168

TABLE 59           COMPLIANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)            168

6.2.4      POLICY MANAGEMENT 169

TABLE 60           POLICY MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)     169

TABLE 61           POLICY MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)     169

6.2.4.1   Policy issuance & renewal  170

TABLE 62           POLICY ISSUANCE & RENEWAL SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       170

TABLE 63           POLICY ISSUANCE & RENEWAL SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       170

6.2.4.2   Policy documentation        171

TABLE 64           POLICY DOCUMENTATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          171

TABLE 65           POLICY DOCUMENTATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          171

6.2.4.3   Policy premium calculations            172

TABLE 66           POLICY PREMIUM CALCULATIONS SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       172

TABLE 67           POLICY PREMIUM CALCULATIONS SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       172

6.2.4.4   Policy quotation management          173

TABLE 68           POLICY QUOTATION MANAGEMENT SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       173

TABLE 69           POLICY QUOTATION MANAGEMENT SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       173

6.2.5      VIDEO KYC/EKYC          174

TABLE 70           VIDEO KYC/EKYC SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 174

TABLE 71           VIDEO KYC/EKYC SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 174

6.2.5.1   Identity & biometric verification      175

TABLE 72           IDENTITY & BIOMETRIC VERIFICATION SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)  175

TABLE 73           IDENTITY & BIOMETRIC VERIFICATION SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)  175

6.2.5.2   Compliance reporting        176

TABLE 74           COMPLIANCE REPORTING SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          176

TABLE 75           COMPLIANCE REPORTING SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          176

6.2.5.3   Audit trails           177

TABLE 76           AUDIT TRAILS SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION) 177

TABLE 77           AUDIT TRAILS SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION) 177

6.2.6      API & MICROSERVICES 178

TABLE 78           API & MICROSERVICES SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)     178

TABLE 79           API & MICROSERVICES SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)     178

6.2.6.1   API-driven insurance integration platforms   179

TABLE 80          API-DRIVEN INSURANCE INTEGRATION PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)  179

TABLE 81          API-DRIVEN INSURANCE INTEGRATION PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)  179

6.2.6.2   Partner ecosystem integration platforms        180

TABLE 82           PARTNER ECOSYSTEM INTEGRATION PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)  180

TABLE 83           PARTNER ECOSYSTEM INTEGRATION PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)  180

6.2.6.3   API-enabled insurance distribution platforms 181

TABLE 84           API-ENABLED INSURANCE DISTRIBUTION PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            181

TABLE 85           API-ENABLED INSURANCE DISTRIBUTION PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            181

6.2.6.4   Microservices      182

TABLE 86           MICROSERVICE SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          182

TABLE 87           MICROSERVICE SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          183

6.2.6.4.1 Rating microservices          183

TABLE 88           RATING MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          183

TABLE 89           RATING MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          184

6.2.6.4.2 Document generation microservices 184

TABLE 90           DOCUMENT GENERATION MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)            184

TABLE 91           DOCUMENT GENERATION MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)            185

6.2.6.4.3 Transaction microservices 185

TABLE 92           TRANSACTION MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       185

TABLE 93           TRANSACTION MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       186

6.2.6.4.4 Workflow microservices     186

TABLE 94           WORKFLOW MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          186

TABLE 95           WORKFLOW MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          187

6.2.6.4.5 Utility microservices          187

TABLE 96           UTILITY MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          187

TABLE 97           UTILITY MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          188

6.2.6.4.6 Metadata microservices     188

TABLE 98           METADATA MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)          188

TABLE 99           METADATA MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)          189

6.2.6.4.7 Product management microservices 189

TABLE 100         PRODUCT MANAGEMENT MICROSERVICE SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)            189

TABLE 101         PRODUCT MANAGEMENT MICROSERVICE SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)            190

6.2.7      OTHER SOFTWARE       190

TABLE 102         OTHER INSURANCE PLATFORM SOFTWARE MARKET, BY REGION, 2018–2022 (USD MILLION)       190

TABLE 103         OTHER INSURANCE PLATFORM SOFTWARE MARKET, BY REGION, 2023–2028 (USD MILLION)       191

6.3         SERVICES          191

FIGURE 43         MANAGED SERVICES TO REGISTER HIGHEST CAGR IN INSURANCE PLATFORMS MARKET        191

TABLE 104         INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)     192

TABLE 105         INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)     192

6.3.1      PROFESSIONAL SERVICES          192

6.3.1.1   Specialized expertise tailored to meet specific needs     192

FIGURE 44         CUSTOM PLATFORM DESIGN & DEVELOPMENT SERVICES SEGMENT TO BE FASTEST GROWING AMONG PROFESSIONAL SERVICES              193

TABLE 106         INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)       193

TABLE 107         INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)       193

6.3.1.1.1 Consulting & advisory services         194

TABLE 108         INSURANCE PLATFORM CONSULTING & ADVISORY SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)            194

TABLE 109         INSURANCE PLATFORM CONSULTING & ADVISORY SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)            194

6.3.1.1.2 Integration & implementation services           195

TABLE 110         INSURANCE PLATFORM INTEGRATION & IMPLEMENTATION SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)        195

TABLE 111         INSURANCE PLATFORM INTEGRATION & IMPLEMENTATION SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)        195

6.3.1.1.3 Custom platform design & development services         196

TABLE 112         CUSTOM INSURANCE PLATFORMS DESIGN & DEVELOPMENT SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)        196

TABLE 113         CUSTOM INSURANCE PLATFORMS DESIGN & DEVELOPMENT SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)        196

6.3.1.1.4 Training & education services          197

TABLE 114         INSURANCE PLATFORM TRAINING & EDUCATION SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)            197

TABLE 115         INSURANCE PLATFORM TRAINING & EDUCATION SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)            197

6.3.2      MANAGED SERVICES    198

6.3.2.1   End-to-end management to help businesses focus on core competencies 198

FIGURE 45         DATA MANAGEMENT & BACKUP SERVICES SUBSEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 198

TABLE 116         INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)             199

TABLE 117         INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)             199

6.3.2.1.1 Platform Hosting & Infrastructure Management Services           199

TABLE 118         INSURANCE PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)              200

TABLE 119         INSURANCE PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)              200

6.3.2.1.2 Platform maintenance & support services      200

TABLE 120         INSURANCE PLATFORM MAINTENANCE & SUPPORT SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)            201

TABLE 121         INSURANCE PLATFORM MAINTENANCE & SUPPORT SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)            201

6.3.2.1.3 Data management & backup services             201

TABLE 122         INSURANCE PLATFORM DATA MANAGEMENT & BACKUP SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)        202

TABLE 123         INSURANCE PLATFORM DATA MANAGEMENT & BACKUP SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)        202

6.3.2.1.4 Security & compliance services        202

TABLE 124         INSURANCE PLATFORM SECURITY & COMPLIANCE SERVICES MARKET, BY REGION, 2018–2022 (USD MILLION)            203

TABLE 125         INSURANCE PLATFORM SECURITY & COMPLIANCE SERVICES MARKET, BY REGION, 2023–2028 (USD MILLION)            203

7            INSURANCE PLATFORMS MARKET, BY APPLICATION    204

7.1         INTRODUCTION            205

7.1.1      APPLICATION: INSURANCE PLATFORMS MARKET DRIVERS       205

FIGURE 46         CLAIMS MANAGEMENT APPLICATION SEGMENT TO ACCOUNT FOR LARGEST MARKET IN 2023         206

TABLE 126         INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)     207

TABLE 127         INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     207

7.2         CLAIMS MANAGEMENT 208

TABLE 128         INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            208

TABLE 129         INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            208

7.2.1      VIRTUAL CLAIMS HANDLING   209

7.2.1.1   Need to facilitate remote assessments and damage evaluations  209

TABLE 130         INSURANCE PLATFORMS MARKET IN VIRTUAL CLAIMS HANDLING, BY REGION, 2018–2022 (USD MILLION)        209

TABLE 131         INSURANCE PLATFORMS MARKET IN VIRTUAL CLAIMS HANDLING, BY REGION, 2023–2028 (USD MILLION)        209

7.2.2      CLAIMS PROCESSING   210

7.2.2.1   Real-time updates and transparency for policyholders  210

TABLE 132         INSURANCE PLATFORMS MARKET IN CLAIMS PROCESSING, BY REGION, 2018–2022 (USD MILLION)       210

TABLE 133         INSURANCE PLATFORMS MARKET IN CLAIMS PROCESSING, BY REGION, 2023–2028 (USD MILLION)       210

7.2.3      CLAIMS ANALYTICS      211

7.2.3.1   New insights from data to improve efficiency of reporting and mitigate risks              211

TABLE 134         INSURANCE PLATFORMS MARKET IN CLAIMS ANALYTICS, BY REGION, 2018–2022 (USD MILLION)       211

TABLE 135         INSURANCE PLATFORMS MARKET IN CLAIMS ANALYTICS, BY REGION, 2023–2028 (USD MILLION)       211

7.3         UNDERWRITING & RATING       212

TABLE 136         INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          212

TABLE 137         INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          212

7.3.1      GROUP INSURANCE UNDERWRITING   213

7.3.1.1   Need to evaluate collective risk and characteristics       213

TABLE 138         INSURANCE PLATFORMS MARKET IN GROUP INSURANCE UNDERWRITING, BY REGION, 2018–2022 (USD MILLION)            213

TABLE 139         INSURANCE PLATFORMS MARKET IN GROUP INSURANCE UNDERWRITING, BY REGION, 2023–2028 (USD MILLION)            213

7.3.2      CUSTOMER RISK PROFILING     214

7.3.2.1   Optimization of risk assessment process and accurate premiums              214

TABLE 140         INSURANCE PLATFORMS MARKET IN CUSTOMER RISK PROFILING, BY REGION, 2018–2022 (USD MILLION)        214

TABLE 141         INSURANCE PLATFORMS MARKET IN CUSTOMER RISK PROFILING, BY REGION, 2023–2028 (USD MILLION)        214

7.3.3      COLLABORATION & SELF-SERVICE        215

7.3.3.1   Demand for streamlined underwriting process, ensuring quick and accurate policy issuance 215

TABLE 142         INSURANCE PLATFORMS MARKET IN COLLABORATION & SELF-SERVICE, BY REGION, 2018–2022 (USD MILLION)   215

TABLE 143         INSURANCE PLATFORMS MARKET IN COLLABORATION & SELF-SERVICE, BY REGION, 2023–2028 (USD MILLION)   215

7.3.4      PRICING & QUOTE MANAGEMENT        216

7.3.4.1   Sophisticated pricing algorithms and market dynamics to calculate accurate rates              216

TABLE 144         INSURANCE PLATFORMS MARKET IN PRICING & QUOTE MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 216

TABLE 145         INSURANCE PLATFORMS MARKET IN PRICING & QUOTE MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 216

7.4         CUSTOMER RELATIONSHIP MANAGEMENT (CRM)        217

TABLE 146         INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          217

TABLE 147         INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          217

7.4.1      CUSTOMER DATA MANAGEMENT         218

7.4.1.1   Benefits offered by deriving actionable insights and storing data 218

TABLE 148         INSURANCE PLATFORMS MARKET IN CUSTOMER DATA MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 218

TABLE 149         INSURANCE PLATFORMS MARKET IN CUSTOMER DATA MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 218

7.4.2      CUSTOMER INTERACTION & ENGAGEMENT     219

7.4.2.1   Real-time updates and personalized recommendations for policyholders  219

TABLE 150         INSURANCE PLATFORMS MARKET IN CUSTOMER INTERACTION & ENGAGEMENT, BY REGION, 2018–2022 (USD MILLION)              219

TABLE 151         INSURANCE PLATFORMS MARKET IN CUSTOMER INTERACTION & ENGAGEMENT, BY REGION, 2023–2028 (USD MILLION)              219

7.4.3      CUSTOMER SUPPORT & SERVICE           220

7.4.3.1   Boosting customer satisfaction with multi-channel support and virtual assistants              220

TABLE 152         INSURANCE PLATFORMS MARKET IN CUSTOMER SUPPORT & SERVICE, BY REGION, 2018–2022 (USD MILLION)             220

TABLE 153         INSURANCE PLATFORMS MARKET IN CUSTOMER SUPPORT & SERVICE, BY REGION, 2023–2028 (USD MILLION)             220

7.5         BILLING & PAYMENTS  221

TABLE 154         INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            221

TABLE 155         INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            221

7.5.1      PREMIUM BILLING & INVOICING           222

7.5.1.1   Enhanced critical components of policy administration and process streamlining              222

TABLE 156         INSURANCE PLATFORMS MARKET IN PREMIUM BILLING & INVOICING, BY REGION, 2018–2022 (USD MILLION)        222

TABLE 157         INSURANCE PLATFORMS MARKET IN PREMIUM BILLING & INVOICING, BY REGION, 2023–2028 (USD MILLION)        222

7.5.2      ONLINE PAYMENT PROCESSING            223

7.5.2.1   Lower payment processing costs and improved cash flow           223

TABLE 158         INSURANCE PLATFORMS MARKET IN ONLINE PAYMENT PROCESSING, BY REGION, 2018–2022 (USD MILLION)     223

TABLE 159         INSURANCE PLATFORMS MARKET IN ONLINE PAYMENT PROCESSING, BY REGION, 2023–2028 (USD MILLION)     223

7.5.3      RECONCILIATION & ACCOUNTING       224

7.5.3.1   Reduction of manual errors and enhancement of overall efficiency          224

TABLE 160         INSURANCE PLATFORMS MARKET IN RECONCILIATION & ACCOUNTING, BY REGION, 2018–2022 (USD MILLION)  224

TABLE 161         INSURANCE PLATFORMS MARKET IN RECONCILIATION & ACCOUNTING, BY REGION, 2023–2028 (USD MILLION)  224

7.6         DATA ANALYTICS         225

TABLE 162         INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    225

TABLE 163         INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    225

7.6.1      SUBROGATION ANALYTICS      226

7.6.1.1   Real-time insights into effectiveness of subrogation efforts        226

TABLE 164         INSURANCE PLATFORMS MARKET IN SUBROGATION ANALYTICS, BY REGION, 2018–2022 (USD MILLION)       226

TABLE 165         INSURANCE PLATFORMS MARKET IN SUBROGATION ANALYTICS, BY REGION, 2023–2028 (USD MILLION)       226

7.6.2      PERFORMANCE TRACKING & REPORTING         227

7.6.2.1   Advanced analytics to gather, analyze, and visualize key performance indicators (KPIs)   227

TABLE 166         INSURANCE PLATFORMS MARKET IN PERFORMANCE TRACKING & REPORTING, BY REGION, 2018–2022 (USD MILLION)          227

TABLE 167         INSURANCE PLATFORMS MARKET IN PERFORMANCE TRACKING & REPORTING, BY REGION, 2023–2028 (USD MILLION)          227

7.6.3      FRAUD DETECTION & PREVENTION     228

7.6.3.1   Enabling insurers to adapt their anti-fraud strategies proactively             228

TABLE 168         INSURANCE PLATFORMS MARKET IN FRAUD DETECTION & PREVENTION, BY REGION, 2018–2022 (USD MILLION)    228

TABLE 169         INSURANCE PLATFORMS MARKET IN FRAUD DETECTION & PREVENTION, BY REGION, 2023–2028 (USD MILLION)    228

7.7         COMPLIANCE & REPORTING     229

TABLE 170         INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)  229

TABLE 171         INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)  229

7.7.1      REGULATORY COMPLIANCE MANAGEMENT    230

7.7.1.1   Automating compliance checks and data monitoring to mitigate risk        230

TABLE 172         INSURANCE PLATFORMS MARKET IN REGULATORY COMPLIANCE MANAGEMENT, BY REGION, 2018–2022 (USD MILLION)   230

TABLE 173         INSURANCE PLATFORMS MARKET IN REGULATORY COMPLIANCE MANAGEMENT, BY REGION, 2023–2028 (USD MILLION)   230

7.7.2      REPORTING AUTOMATION       231

7.7.2.1   Provision of access to up-to-the-minute insights into their operations     231

TABLE 174         INSURANCE PLATFORMS MARKET IN REPORTING AUTOMATION, BY REGION, 2018–2022 (USD MILLION)  231

TABLE 175         INSURANCE PLATFORMS MARKET IN REPORTING AUTOMATION, BY REGION, 2023–2028 (USD MILLION)  231

7.7.3      COMPLIANCE AUDITING           232

7.7.3.1   Advanced data analytics to systematically review and verify insurer’s operations              232

TABLE 176        INSURANCE PLATFORMS MARKET IN COMPLIANCE AUDITING, BY REGION, 2018–2022 (USD MILLION)  232

TABLE 177        INSURANCE PLATFORMS MARKET IN COMPLIANCE AUDITING, BY REGION, 2023–2028 (USD MILLION)  232

7.8         POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT              233

TABLE 178         INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          233

TABLE 179         INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          233

7.8.1      POLICY CREATION & MODIFICATION   234

7.8.1.1   Seamless modification of existing policies to enhance efficiency 234

TABLE 180         INSURANCE PLATFORMS MARKET IN POLICY CREATION & MODIFICATION, BY REGION, 2018–2022 (USD MILLION) 234

TABLE 181         INSURANCE PLATFORMS MARKET IN POLICY CREATION & MODIFICATION, BY REGION, 2023–2028 (USD MILLION) 234

7.8.2      PREMIUM COLLECTION            235

7.8.2.1   Improved financial stability with timely and accurate premium collection 235

TABLE 182         INSURANCE PLATFORMS MARKET IN PREMIUM COLLECTION, BY REGION, 2018–2022 (USD MILLION)  235

TABLE 183         INSURANCE PLATFORMS MARKET IN PREMIUM COLLECTION, BY REGION, 2023–2028 (USD MILLION)  235

7.8.3      PAYOUT & DISBURSEMENT MANAGEMENT       236

7.8.3.1   Real-time tracking and reporting capabilities to benefit policy administration              236

TABLE 184         INSURANCE PLATFORMS MARKET IN PAYOUT & DISBURSEMENT MANAGEMENT, BY REGION, 2018–2022 (USD MILLION)              236

TABLE 185         INSURANCE PLATFORMS MARKET IN PAYOUT & DISBURSEMENT MANAGEMENT, BY REGION, 2023–2028 (USD MILLION)              236

7.9         SALES & MARKETING    237

TABLE 186         INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    237

TABLE 187         INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    237

7.9.1      AGENT & BROKER MANAGEMENT         238

7.9.1.1   Facilitating efficient communication and collaboration among parties      238

TABLE 188         INSURANCE PLATFORMS MARKET IN AGENT & BROKER MANAGEMENT, BY REGION, 2018–2022 (USD MILLION) 238

TABLE 189         INSURANCE PLATFORMS MARKET IN AGENT & BROKER MANAGEMENT, BY REGION, 2023–2028 (USD MILLION) 238

7.9.2      DIRECT-TO-CONSUMER SALES 239

7.9.2.1   Bypassing traditional distribution channels such as agents and brokers    239

TABLE 190         INSURANCE PLATFORMS MARKET IN DIRECT-TO-CONSUMER SALES, BY REGION, 2018–2022 (USD MILLION)   239

TABLE 191         INSURANCE PLATFORMS MARKET IN DIRECT-TO-CONSUMER SALES, BY REGION, 2023–2028 (USD MILLION)   239

7.9.3      DIGITAL SALES ENABLEMENT  240

7.9.3.1   Enabled sales agents with deep understanding of customer preferences and behavior 240

TABLE 192         INSURANCE PLATFORMS MARKET IN DIGITAL SALES ENABLEMENT, BY REGION, 2018–2022 (USD MILLION)   240

TABLE 193         INSURANCE PLATFORMS MARKET IN DIGITAL SALES ENABLEMENT, BY REGION, 2023–2028 (USD MILLION)   240

7.10       PROPERTY ESTIMATION            241

TABLE 194         INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            241

TABLE 195         INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            241

7.10.1    PROPERTY VALUATION             242

7.10.1.1 Real-time risk assessment and policy pricing  242

TABLE 196         INSURANCE PLATFORMS MARKET IN PROPERTY VALUATION, BY REGION, 2018–2022 (USD MILLION)  242

TABLE 197         INSURANCE PLATFORMS MARKET IN PROPERTY VALUATION, BY REGION, 2023–2028 (USD MILLION)  242

7.10.2    CLAIMS ESTIMATION   243

7.10.2.1 Technological synergy between data analytics and claims estimation to provide cost efficiencies    243

TABLE 198         INSURANCE PLATFORMS MARKET IN CLAIMS ESTIMATION, BY REGION, 2018–2022 (USD MILLION)       243

TABLE 199         INSURANCE PLATFORMS MARKET IN CLAIMS ESTIMATION, BY REGION, 2023–2028 (USD MILLION)       243

7.10.3    PROPERTY INSPECTION            244

7.10.3.1 Delivering insights into potential hazards, safety measures, and maintenance requirements       244

TABLE 200         INSURANCE PLATFORMS MARKET IN PROPERTY INSPECTION, BY REGION, 2018–2022 (USD MILLION)  244

TABLE 201         INSURANCE PLATFORMS MARKET IN PROPERTY INSPECTION, BY REGION, 2023–2028 (USD MILLION)  244

7.11       PREDICTIVE MODELING/EXTREME EVENT FORECASTING        245

TABLE 202         INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 245

TABLE 203         INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 245

7.11.1    CLAIMS SEVERITY MODELING  246

7.11.1.1 More prudent allocation of resources and informed underwriting decisions              246

TABLE 204         INSURANCE PLATFORMS MARKET IN CLAIMS SEVERITY MODELING, BY REGION, 2018–2022 (USD MILLION)       246

TABLE 205         INSURANCE PLATFORMS MARKET IN CLAIMS SEVERITY MODELING, BY REGION, 2023–2028 (USD MILLION)       246

7.11.2    POLICY RECOMMENDATION ENGINES 247

7.11.2.1 Improvement of customer satisfaction with highly personalized insurance policy recommendations 247

TABLE 206         INSURANCE PLATFORMS MARKET IN POLICY RECOMMENDATION ENGINES, BY REGION, 2018–2022 (USD MILLION)  247

TABLE 207         INSURANCE PLATFORMS MARKET IN POLICY RECOMMENDATION ENGINES, BY REGION, 2023–2028 (USD MILLION)  247

7.11.3    EXTREME EVENT ANALYSIS      248

7.11.3.1 Proactive approach to disaster preparedness and risk management          248

TABLE 208         INSURANCE PLATFORMS MARKET IN EXTREME EVENT ANALYSIS, BY REGION, 2018–2022 (USD MILLION)          248

TABLE 209         INSURANCE PLATFORMS MARKET IN EXTREME EVENT ANALYSIS, BY REGION, 2023–2028 (USD MILLION)          248

7.11.4    CATASTROPHE MODELING      249

7.11.4.1 Fortified risk assessment and mitigation strategies       249

TABLE 210         INSURANCE PLATFORMS MARKET IN CATASTROPHE MODELING, BY REGION, 2018–2022 (USD MILLION)       249

TABLE 211         INSURANCE PLATFORMS MARKET IN CATASTROPHE MODELING, BY REGION, 2023–2028 (USD MILLION)       249

7.12       OTHER APPLICATIONS 250

TABLE 212         INSURANCE PLATFORMS MARKET IN OTHER APPLICATIONS, BY REGION, 2018–2022 (USD MILLION)  250

TABLE 213         INSURANCE PLATFORMS MARKET IN OTHER APPLICATIONS, BY REGION, 2023–2028 (USD MILLION)  250

8            INSURANCE PLATFORMS MARKET, BY TECHNOLOGY  251

8.1         INTRODUCTION            252

8.1.1      TECHNOLOGY: INSURANCE PLATFORMS MARKET DRIVERS     252

FIGURE 47         AI & ML SEGMENT TO LEAD MARKET DURING FORECAST PERIOD              253

TABLE 214         INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)     253

TABLE 215         INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)     253

8.2         AI & ML 254

8.2.1      GENERATIVE AI TO BE SIGNIFICANT OPPORTUNITY FOR MARKET GROWTH          254

TABLE 216         AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          254

TABLE 217         AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          255

8.2.2      AI-POWERED UNDERWRITING PLATFORMS      255

TABLE 218         AI-POWERED UNDERWRITING PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       255

TABLE 219         AI-POWERED UNDERWRITING PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       256

8.2.3      ML-BASED CLAIMS PROCESSING PLATFORMS  256

TABLE 220         ML-BASED CLAIMS PROCESSING PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       256

TABLE 221         ML-BASED CLAIMS PROCESSING PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       257

8.2.4      AI-DRIVEN CUSTOMER SERVICE & CHATBOT PLATFORMS        257

TABLE 222         AI-DRIVEN CUSTOMER SERVICE & CHATBOT PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            257

TABLE 223         AI-DRIVEN CUSTOMER SERVICE & CHATBOT PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            258

8.2.5      GENERATIVE AI-BASED CONTENT MARKETING             258

TABLE 224         GENERATIVE AI-BASED CONTENT MARKETING PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            258

TABLE 225         GENERATIVE AI-BASED CONTENT MARKETING PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            259

8.2.6      ROBOTIC PROCESS AUTOMATION        259

TABLE 226         ROBOTIC PROCESS AUTOMATION PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       259

TABLE 227         ROBOTIC PROCESS AUTOMATION PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       260

8.2.7      OTHER AI & ML TECHNOLOGIES           260

TABLE 228         OTHER AI & ML PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION) 260

TABLE 229         OTHER AI & ML PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION) 261

8.3         IOT       261

8.3.1      DATA-DRIVEN RISK ASSESSMENT TO ENCOURAGE PERSONALIZED POLICIES           261

TABLE 230         IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)              261

TABLE 231         IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)              262

8.3.2      IOT-ENABLED TELEMATICS PLATFORMS          262

TABLE 232        IOT-ENABLED TELEMATICS PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          262

TABLE 233        IOT-ENABLED TELEMATICS PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          263

8.3.3      CONNECTED HOME & PROPERTY INSURANCE PLATFORMS      263

TABLE 234         CONNECTED HOME & PROPERTY INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            263

TABLE 235         CONNECTED HOME & PROPERTY INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            264

8.3.4      WEARABLE DEVICE INTEGRATION FOR HEALTH INSURANCE   264

TABLE 236         WEARABLE DEVICE INTEGRATION PLATFORMS FOR HEALTH INSURANCE MARKET, BY REGION, 2018–2022 (USD MILLION)    264

TABLE 237         WEARABLE DEVICE INTEGRATION PLATFORMS FOR HEALTH INSURANCE MARKET, BY REGION, 2023–2028 (USD MILLION)    265

8.3.5      OTHER IOT PLATFORMS           265

TABLE 238         OTHER IOT PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          265

TABLE 239         OTHER IOT PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          266

8.4         BLOCKCHAIN   266

8.4.1      NEED TO PROVIDE SECURE AND TRANSPARENT PLATFORMS  266

TABLE 240         BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          266

TABLE 241         BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          267

8.4.2      BLOCKCHAIN-BASED INSURANCE PLATFORMS 267

TABLE 242         BLOCKCHAIN-BASED INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       267

TABLE 243         BLOCKCHAIN-BASED INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       268

8.4.3      SMART CONTRACT INSURANCE PLATFORMS   268

TABLE 244         SMART CONTRACT INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       268

TABLE 245         SMART CONTRACT INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       269

8.4.4      DECENTRALIZED INSURANCE PLATFORMS       269

TABLE 246         DECENTRALIZED INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       269

TABLE 247         DECENTRALIZED INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       270

8.4.5      OTHER BLOCKCHAIN TECHNOLOGIES 270

TABLE 248         OTHER BLOCKCHAIN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)     270

TABLE 249         OTHER BLOCKCHAIN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)     271

8.5         DATA ANALYTICS & BIG DATA 271

8.5.1      INTEGRATION OF THIRD-PARTY DATA SOURCES, BEHAVIORAL ECONOMICS, AND UNSTRUCTURED DATA ANALYTICS TO UNDERSTAND CUSTOMER BEHAVIOR 271

TABLE 250         DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          272

TABLE 251         DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          272

8.5.2      BIG DATA ANALYTICS FOR RISK ASSESSMENT  272

TABLE 252         BIG DATA ANALYTICS FOR RISK ASSESSMENT PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            273

TABLE 253         BIG DATA ANALYTICS FOR RISK ASSESSMENT PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            273

8.5.3      PREDICTIVE ANALYTICS FOR PRICING & UNDERWRITING         274

TABLE 254         PREDICTIVE ANALYTICS PLATFORMS FOR PRICING & UNDERWRITING MARKET, BY REGION, 2018–2022 (USD MILLION)          274

TABLE 255         PREDICTIVE ANALYTICS PLATFORMS FOR PRICING & UNDERWRITING MARKET, BY REGION, 2023–2028 (USD MILLION)          274

8.5.4      DATA-DRIVEN CLAIMS PROCESSING PLATFORMS         275

TABLE 256         DATA-DRIVEN CLAIMS PROCESSING PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       275

TABLE 257         DATA-DRIVEN CLAIMS PROCESSING PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       275

8.5.5      OTHER PREDICTIVE ANALYTICS TECHNOLOGIES         276

TABLE 258         OTHER PREDICTIVE ANALYTICS PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       276

TABLE 259         OTHER PREDICTIVE ANALYTICS PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       276

8.6         REGULATORY TECHNOLOGY (REGTECH)         277

8.6.1      STREAMLINING COMPLIANCE AND RISK MANAGEMENT           277

TABLE 260         REGULATORY TECHNOLOGY PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          277

TABLE 261         REGULATORY TECHNOLOGY PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          277

8.6.2      REGULATORY COMPLIANCE & REPORTING PLATFORMS           278

TABLE 262         REGULATORY COMPLIANCE & REPORTING PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            278

TABLE 263         REGULATORY COMPLIANCE & REPORTING PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            278

8.6.3      KYC & AML COMPLIANCE SOLUTIONS 279

TABLE 264         KYC & AML COMPLIANCE SOLUTIONS MARKET, BY REGION, 2018–2022 (USD MILLION)          279

TABLE 265         KYC & AML COMPLIANCE SOLUTIONS MARKET, BY REGION, 2023–2028 (USD MILLION)          279

8.6.4      REGULATORY RISK ASSESSMENT & MANAGEMENT       280

TABLE 266         REGULATORY RISK ASSESSMENT & MANAGEMENT PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)   280

TABLE 267         REGULATORY RISK ASSESSMENT & MANAGEMENT PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)   280

8.6.5      OTHER REGULATORY TECHNOLOGIES 281

TABLE 268         OTHER REGTECH PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)     281

TABLE 269         OTHER REGTECH PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)     281

8.7         OTHER TECHNOLOGIES            282

TABLE 270         OTHER INSURANCE PLATFORM TECHNOLOGIES MARKET, BY REGION, 2018–2022 (USD MILLION)       282

TABLE 271         OTHER INSURANCE PLATFORM TECHNOLOGIES MARKET, BY REGION, 2023–2028 (USD MILLION)       282

9            INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE           283

9.1         INTRODUCTION            284

9.1.1      INSURANCE TYPE: INSURANCE PLATFORMS MARKET DRIVERS 284

FIGURE 48         LIFE INSURANCE TO ACCOUNT FOR LARGEST MARKET AMONG INSURANCE TYPES DURING FORECAST PERIOD           285

TABLE 272         INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)     285

TABLE 273         INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)     285

9.2         GENERAL INSURANCE  286

9.2.1      OPTIMIZING RISK PROTECTION WITH INTEGRATION OF VITAL PLATFORMS OF VARIOUS DOMAINS     286

FIGURE 49         AUTOMOBILE INSURANCE TO BE LARGEST GENERAL INSURANCE TYPE SEGMENT IN 2023      287

TABLE 274         GENERAL INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          287

TABLE 275         GENERAL INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          287

9.2.2      HEALTHCARE INSURANCE        288

TABLE 276        HEALTHCARE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          288

TABLE 277        HEALTHCARE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          288

9.2.2.1   Individual health insurance 289

TABLE 278         INDIVIDUAL HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       289

TABLE 279         INDIVIDUAL HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       289

9.2.2.2   Family floater insurance     290

TABLE 280         FAMILY FLOATER INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       290

TABLE 281         FAMILY FLOATER INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       290

9.2.2.3   Critical illness coverage     291

TABLE 282         CRITICAL ILLNESS COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       291

TABLE 283         CRITICAL ILLNESS COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       291

9.2.2.4   Senior citizen health insurance         292

TABLE 284         SENIOR CITIZEN HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)  292

TABLE 285         SENIOR CITIZEN HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)  292

9.2.2.5   Group health insurance      293

TABLE 286         GROUP HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       293

TABLE 287         GROUP HEALTH INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       293

9.2.3      AUTOMOBILE INSURANCE        294

TABLE 288        AUTOMOBILE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          294

TABLE 289        AUTOMOBILE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          294

9.2.3.1   Car insurance      295

TABLE 290         CAR INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION) 295

TABLE 291         CAR INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION) 295

9.2.3.2   Bike insurance     296

TABLE 292         BIKE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION) 296

TABLE 293         BIKE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION) 296

9.2.3.3   Commercial vehicle insurance          297

TABLE 294         COMMERCIAL VEHICLE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       297

TABLE 295         COMMERCIAL VEHICLE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       297

9.2.4      HOMEOWNER’S INSURANCE     298

TABLE 296         HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     298

TABLE 297         HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     298

9.2.4.1   Home building insurance   299

TABLE 298         HOME BUILDING INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       299

TABLE 299         HOME BUILDING INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       299

9.2.4.2   Public liability coverage     300

TABLE 300         PUBLIC LIABILITY COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       300

TABLE 301         PUBLIC LIABILITY COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       300

9.2.4.3   Standard fire & special perils policy 301

TABLE 302         STANDARD FIRE & SPECIAL PERILS POLICY PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            301

TABLE 303         STANDARD FIRE & SPECIAL PERILS POLICY PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            301

9.2.5      TRAVEL INSURANCE     302

TABLE 304         TRAVEL INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     302

TABLE 305         TRAVEL INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     302

9.2.5.1   Trip cancellation 303

TABLE 306         TRIP CANCELLATION INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       303

TABLE 307         TRIP CANCELLATION INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       303

9.2.5.2   Medical coverage 304

TABLE 308         MEDICAL COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)     304

TABLE 309         MEDICAL COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)     304

9.2.5.3   Baggage loss        305

TABLE 310         BAGGAGE LOSS INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       305

TABLE 311         BAGGAGE LOSS INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       305

9.3         LIFE INSURANCE            306

9.3.1      SECURING FUTURES AND BUILDING WEALTH WITH DIVERSE LIFE INSURANCE OFFERINGS             306

FIGURE 50         WHOLE LIFE INSURANCE TO REGISTER HIGHEST GROWTH IN LIFE INSURANCE PLATFORMS MARKET DURING FORECAST PERIOD    306

TABLE 312         LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     307

TABLE 313         LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     307

9.3.2      TERM LIFE INSURANCE 307

TABLE 314         TERM LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          308

TABLE 315         TERM LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          308

9.3.2.1   Level term life insurance    308

TABLE 316         LEVEL TERM LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       309

TABLE 317         LEVEL TERM LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       309

9.3.2.2   Increasing term insurance  310

TABLE 318         INCREASING TERM INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       310

TABLE 319         INCREASING TERM INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       310

9.3.2.3   Decreasing term insurance 311

TABLE 320         DECREASING TERM INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       311

TABLE 321         DECREASING TERM INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       311

9.3.2.4   Return of premium term insurance  312

TABLE 322         RETURN OF PREMIUM TERM INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            312

TABLE 323         RETURN OF PREMIUM TERM INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            312

9.3.2.5   Convertible term plans       313

TABLE 324         CONVERTIBLE TERM PLANS INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            313

TABLE 325         CONVERTIBLE TERM PLANS INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            313

9.3.3      UNIT-LINKED INSURANCE PLANS (ULIP)           314

TABLE 326         UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     314

TABLE 327         UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     314

9.3.3.1   Type 1 ULIP        315

TABLE 328         TYPE 1 ULIP PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          315

TABLE 329         TYPE 1 ULIP PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          315

9.3.3.2   Type 2 ULIP        316

TABLE 330         TYPE 2 ULIP PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          316

TABLE 331         TYPE 2 ULIP PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          316

9.3.4      WHOLE LIFE INSURANCE           317

TABLE 332         WHOLE LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)          317

TABLE 333         WHOLE LIFE INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)          318

9.3.4.1   Indexed whole life insurance            318

TABLE 334         INDEXED WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       318

TABLE 335         INDEXED WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       319

9.3.4.2   Guaranteed issue whole life insurance            319

TABLE 336         GUARANTEED ISSUE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            319

TABLE 337         GUARANTEED ISSUE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            320

9.3.4.3   Limited payment whole life insurance            320

TABLE 338         LIMITED PAYMENT WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            320

TABLE 339         LIMITED PAYMENT WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            321

9.3.4.4   Joint whole life insurance   321

TABLE 340         JOINT WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       321

TABLE 341         JOINT WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       322

9.3.4.5   Modified whole life insurance          322

TABLE 342         MODIFIED WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       322

TABLE 343         MODIFIED WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       323

9.3.4.6   Reduced paid-up whole life insurance            323

TABLE 344         REDUCED PAID-UP WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            323

TABLE 345         REDUCED PAID-UP WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            324

9.3.4.7   Simplified issue whole life insurance 324

TABLE 346         SIMPLIFIED ISSUE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            324

TABLE 347         SIMPLIFIED ISSUE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            325

9.3.4.8   Single-premium whole life insurance              325

TABLE 348         SINGLE-PREMIUM WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            325

TABLE 349         SINGLE-PREMIUM WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            326

9.3.4.9   Variable whole life insurance           326

TABLE 350         VARIABLE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       326

TABLE 351         VARIABLE WHOLE LIFE INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       327

9.3.4.10 Whole life insurance for children      327

TABLE 352         WHOLE LIFE INSURANCE FOR CHILDREN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            327

TABLE 353         WHOLE LIFE INSURANCE FOR CHILDREN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            328

9.3.5      ENDOWMENT PLANS   328

TABLE 354         ENDOWMENT PLAN PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     329

TABLE 355         ENDOWMENT PLAN PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     329

9.3.5.1   Unit linked endowment plan            330

TABLE 356         UNIT LINKED ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       330

TABLE 357         UNIT LINKED ENDOWMENT PLAN: INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            330

9.3.5.2   Guaranteed endowment plan           331

TABLE 358         GUARANTEED ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       331

TABLE 359         GUARANTEED ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       331

9.3.5.3   Full/with profit endowment plan     332

TABLE 360         FULL/WITH PROFIT ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            332

TABLE 361         FULL/WITH PROFIT ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            332

9.3.5.4   Low-cost endowment plan 333

TABLE 362         LOW-COST ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       333

TABLE 363         LOW-COST ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       333

9.3.5.5   Non-profit endowment plan             334

TABLE 364         NON-PROFIT ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       334

TABLE 365         NON-PROFIT ENDOWMENT PLAN PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       334

9.4         CYBERSECURITY INSURANCE   335

9.4.1      MITIGATING RISK AND PROTECTING SENSITIVE INFORMATION              335

FIGURE 51         DATA BREACH COVERAGE TO LEAD AMONG CYBERSECURITY INSURANCE PLATFORMS DURING FORECAST PERIOD  335

TABLE 366         CYBERSECURITY INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2018–2022 (USD MILLION)     336

TABLE 367         CYBERSECURITY INSURANCE PLATFORMS MARKET, BY SUBTYPE, 2023–2028 (USD MILLION)     336

9.4.2      DATA BREACH COVERAGE        336

TABLE 368         DATA BREACH COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          337

TABLE 369         DATA BREACH COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          337

9.4.3      CYBER EXTORTION & RANSOMWARE COVERAGE          337

TABLE 370         CYBER EXTORTION & RANSOMWARE COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            338

TABLE 371         CYBER EXTORTION & RANSOMWARE COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            338

9.4.4      REGULATORY FINES & PENALTIES COVERAGE 338

TABLE 372         REGULATORY FINES & PENALTIES COVERAGE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)            339

TABLE 373         REGULATORY FINES & PENALTIES COVERAGE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)            339

9.4.5      CYBERTERRORISM INSURANCE 339

TABLE 374         CYBERTERRORISM INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)       340

TABLE 375         CYBERTERRORISM INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)       340

9.5         OTHER INSURANCE TYPES        340

TABLE 376         OTHER INSURANCE TYPE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          341

TABLE 377         OTHER INSURANCE TYPE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          341

10          INSURANCE PLATFORMS MARKET, BY END USER           342

10.1       INTRODUCTION            343

10.1.1    END USER: INSURANCE PLATFORMS MARKET DRIVERS 343

FIGURE 52         INSURANCE COMPANIES TO LEAD IN ADOPTION OF PLATFORMS DURING FORECAST PERIOD          344

TABLE 378         INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION) 344

TABLE 379         INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION) 344

10.2       INSURANCE COMPANIES           345

10.2.1    EXTENSIVE RESOURCES OF LARGE INSURANCE COMPANIES TO GRANT ACCESS TO TECHNOLOGY INFRASTRUCTURE  345

TABLE 380         INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)           345

TABLE 381         INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, 2023–2028 (USD MILLION) 346

10.2.2    LARGE CARRIERS           346

TABLE 382         INSURANCE PLATFORMS MARKET FOR LARGE CARRIERS, BY REGION, 2018–2022 (USD MILLION)       346

TABLE 383         INSURANCE PLATFORMS MARKET FOR LARGE CARRIERS, BY REGION, 2023–2028 (USD MILLION)       347

10.2.3    MID-SIZED CARRIERS   347

TABLE 384         INSURANCE PLATFORMS MARKET FOR MID-SIZED CARRIERS, BY REGION, 2018–2022 (USD MILLION)  347

TABLE 385         INSURANCE PLATFORMS MARKET FOR MID-SIZED CARRIERS, BY REGION, 2023–2028 (USD MILLION)  348

10.2.4    SMALL & STARTUP INSURERS   348

TABLE 386         INSURANCE PLATFORMS MARKET FOR SMALL & STARTUP INSURERS, BY REGION, 2018–2022 (USD MILLION)          348

TABLE 387         INSURANCE PLATFORMS MARKET FOR SMALL & STARTUP INSURERS, BY REGION, 2023–2028 (USD MILLION)          349

10.3       INSURANCE AGENCIES & BROKERS        349

10.3.1    NEED TO ENHANCE ACCESSIBILITY AND UNDERSTANDING OF INSURANCE PRODUCTS             349

TABLE 388         INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)             349

TABLE 389         INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)             350

10.3.2    INDEPENDENT AGENCIES         350

TABLE 390         INSURANCE PLATFORMS MARKET FOR INDEPENDENT AGENCIES, BY REGION, 2018–2022 (USD MILLION)          350

TABLE 391         INSURANCE PLATFORMS MARKET FOR INDEPENDENT AGENCIES, BY REGION, 2023–2028 (USD MILLION)          351

10.3.3    BROKERAGE FIRMS       351

TABLE 392         INSURANCE PLATFORMS MARKET FOR BROKERAGE FIRMS, BY REGION, 2018–2022 (USD MILLION)       351

TABLE 393         INSURANCE PLATFORMS MARKET FOR BROKERAGE FIRMS, BY REGION, 2023–2028 (USD MILLION)       352

10.3.4    ONLINE AGGREGATORS            352

TABLE 394         INSURANCE PLATFORMS MARKET FOR ONLINE AGGREGATORS, BY REGION, 2018–2022 (USD MILLION) 352

TABLE 395         INSURANCE PLATFORMS MARKET FOR ONLINE AGGREGATORS, BY REGION, 2023–2028 (USD MILLION) 353

10.4       THIRD-PARTY ADMINISTRATORS (TPAS)          353

10.4.1    OPTIMIZING EFFICIENCY AND ACCURACY WITHIN INSURANCE ECOSYSTEM     353

TABLE 396         INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION) 353

TABLE 397         INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION) 354

10.4.2    CLAIMS HANDLING FIRMS         354

TABLE 398         INSURANCE PLATFORMS MARKET FOR CLAIMS HANDLING FIRMS, BY REGION, 2018–2022 (USD MILLION)   354

TABLE 399         INSURANCE PLATFORMS MARKET FOR CLAIMS HANDLING FIRMS, BY REGION, 2023–2028 (USD MILLION)   355

10.4.3    POLICY MANAGEMENT SERVICE PROVIDERS    355

TABLE 400         INSURANCE PLATFORMS MARKET FOR POLICY MANAGEMENT SERVICE PROVIDERS, BY REGION, 2018–2022 (USD MILLION)              355

TABLE 401         INSURANCE PLATFORMS MARKET FOR POLICY MANAGEMENT SERVICE PROVIDERS, BY REGION, 2023–2028 (USD MILLION)              356

10.5       ACTUARIES       356

10.5.1    EVALUATING POTENTIAL FINANCIAL IMPACT OF VARIOUS RISKS WITH HELP OF ACTUARIES       356

TABLE 402         INSURANCE PLATFORMS MARKET FOR ACTUARIES, BY REGION, 2018–2022 (USD MILLION)       357

TABLE 403         INSURANCE PLATFORMS MARKET FOR ACTUARIES, BY REGION, 2023–2028 (USD MILLION)       357

10.6       REINSURERS     357

10.6.1    SAFEGUARDING FINANCIAL STABILITY OF PRIMARY INSURERS BY OFFERING ADDITIONAL LAYER OF RISK PROTECTION 357

TABLE 404         INSURANCE PLATFORMS MARKET FOR REINSURERS, BY REGION, 2018–2022 (USD MILLION)       358

TABLE 405         INSURANCE PLATFORMS MARKET FOR REINSURERS, BY REGION, 2023–2028 (USD MILLION)       358

11          INSURANCE PLATFORMS MARKET, BY REGION 359

11.1       INTRODUCTION            360

FIGURE 53         ASIA PACIFIC INSURANCE PLATFORMS MARKET TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD    360

FIGURE 54         SINGAPORE TO WITNESS HIGHEST CAGR IN INSURANCE PLATFORMS MARKET DURING FORECAST PERIOD       361

TABLE 406         INSURANCE PLATFORMS MARKET, BY REGION, 2018–2022 (USD MILLION)          361

TABLE 407         INSURANCE PLATFORMS MARKET, BY REGION, 2023–2028 (USD MILLION)          361

11.2       NORTH AMERICA          362

11.2.1    NORTH AMERICA: INSURANCE PLATFORMS MARKET DRIVERS 362

11.2.2    NORTH AMERICA: RECESSION IMPACT 363

FIGURE 55         NORTH AMERICA: INSURANCE PLATFORMS MARKET SNAPSHOT        363

TABLE 408         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   364

TABLE 409         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   364

TABLE 410         NORTH AMERICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    364

TABLE 411         NORTH AMERICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    365

TABLE 412         NORTH AMERICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          365

TABLE 413         NORTH AMERICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          365

TABLE 414         NORTH AMERICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          366

TABLE 415         NORTH AMERICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          366

TABLE 416         NORTH AMERICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          366

TABLE 417         NORTH AMERICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          367

TABLE 418         NORTH AMERICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             367

TABLE 419         NORTH AMERICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             367

TABLE 420         NORTH AMERICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)          368

TABLE 421         NORTH AMERICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)          368

TABLE 422         NORTH AMERICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)          368

TABLE 423         NORTH AMERICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)          368

TABLE 424         NORTH AMERICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             369

TABLE 425         NORTH AMERICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             369

TABLE 426         NORTH AMERICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)       369

TABLE 427         NORTH AMERICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)       370

TABLE 428         NORTH AMERICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 370

TABLE 429         NORTH AMERICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 370

TABLE 430         NORTH AMERICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 371

TABLE 431         NORTH AMERICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 371

TABLE 432         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           371

TABLE 433         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           372

TABLE 434         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              372

TABLE 435         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              372

TABLE 436         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              373

TABLE 437         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              373

TABLE 438         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 373

TABLE 439         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 374

TABLE 440         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              374

TABLE 441         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              374

TABLE 442         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)   374

TABLE 443         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)   375

TABLE 444         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              375

TABLE 445         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              375

TABLE 446         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    375

TABLE 447         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    376

TABLE 448         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            376

TABLE 449         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            376

TABLE 450         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              376

TABLE 451         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              377

TABLE 452         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/ EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    377

TABLE 453         NORTH AMERICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/ EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    377

TABLE 454         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          378

TABLE 455         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          378

TABLE 456         NORTH AMERICA: AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          378

TABLE 457         NORTH AMERICA: AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          379

TABLE 458         NORTH AMERICA: IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     379

TABLE 459         NORTH AMERICA: IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     379

TABLE 460         NORTH AMERICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             380

TABLE 461         NORTH AMERICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             380

TABLE 462         NORTH AMERICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    380

TABLE 463         NORTH AMERICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    381

TABLE 464         NORTH AMERICA: REGTECH PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          381

TABLE 465         NORTH AMERICA: REGTECH PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          381

TABLE 466         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)    382

TABLE 467         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)    382

TABLE 468         NORTH AMERICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    382

TABLE 469         NORTH AMERICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    383

TABLE 470         NORTH AMERICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    383

TABLE 471         NORTH AMERICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    383

TABLE 472         NORTH AMERICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    384

TABLE 473         NORTH AMERICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    384

TABLE 474         NORTH AMERICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    384

TABLE 475         NORTH AMERICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    384

TABLE 476         NORTH AMERICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       385

TABLE 477         NORTH AMERICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       385

TABLE 478         NORTH AMERICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             385

TABLE 479         NORTH AMERICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             385

TABLE 480         NORTH AMERICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    386

TABLE 481         NORTH AMERICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    386

TABLE 482         NORTH AMERICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        386

TABLE 483         NORTH AMERICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        386

TABLE 484         NORTH AMERICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    387

TABLE 485         NORTH AMERICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    387

TABLE 486         NORTH AMERICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       388

TABLE 487         NORTH AMERICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       388

TABLE 488         NORTH AMERICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    388

TABLE 489         NORTH AMERICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    389

TABLE 490         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION)             389

TABLE 491         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION)             389

TABLE 492         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)   390

TABLE 493         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2023–2028 (USD MILLION)   390

TABLE 494         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)              390

TABLE 495         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)              390

TABLE 496         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION) 391

TABLE 497         NORTH AMERICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION) 391

TABLE 498         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    391

TABLE 499         NORTH AMERICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    391

11.2.3    US         392

11.2.3.1 Innovation and regulation to encourage InsurTech ecosystem growth      392

TABLE 500         US: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     392

TABLE 501         US: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     392

11.2.4    CANADA            393

11.2.4.1 Higher adoption of insurance solutions by enterprises  393

TABLE 502         CANADA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          393

TABLE 503         CANADA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          393

11.3       EUROPE             394

11.3.1    EUROPE: INSURANCE PLATFORMS MARKET DRIVERS   394

11.3.2    EUROPE: RECESSION IMPACT   395

TABLE 504         EUROPE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          395

TABLE 505         EUROPE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          395

TABLE 506         EUROPE: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)             396

TABLE 507         EUROPE: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)             396

TABLE 508         EUROPE: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    396

TABLE 509         EUROPE: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    397

TABLE 510         EUROPE: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    397

TABLE 511         EUROPE: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    397

TABLE 512         EUROPE: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    398

TABLE 513         EUROPE: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    398

TABLE 514         EUROPE: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             398

TABLE 515         EUROPE: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             399

TABLE 516         EUROPE: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2018–2022 (USD MILLION) 399

TABLE 517         EUROPE: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2023–2028 (USD MILLION) 399

TABLE 518         EUROPE: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             399

TABLE 519         EUROPE: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             400

TABLE 520        EUROPE: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)       400

TABLE 521        EUROPE: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)       400

TABLE 522         EUROPE: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)          401

TABLE 523         EUROPE: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)          401

TABLE 524         EUROPE: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    401

TABLE 525         EUROPE: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    401

TABLE 526         EUROPE: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    402

TABLE 527         EUROPE: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    402

TABLE 528         EUROPE: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)          402

TABLE 529         EUROPE: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)          403

TABLE 530         EUROPE: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)           403

TABLE 531         EUROPE: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)           403

TABLE 532         EUROPE: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              404

TABLE 533         EUROPE: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              404

TABLE 534         EUROPE: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          404

TABLE 535         EUROPE: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          405

TABLE 536         EUROPE: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    405

TABLE 537         EUROPE: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    405

TABLE 538         EUROPE: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)   405

TABLE 539         EUROPE: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)   406

TABLE 540         EUROPE: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)             406

TABLE 541         EUROPE: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)             406

TABLE 542         EUROPE: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          406

TABLE 543         EUROPE: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          407

TABLE 544         EUROPE: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)  407

TABLE 545         EUROPE: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)  407

TABLE 546         EUROPE: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 407

TABLE 547         EUROPE: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 408

TABLE 548         EUROPE: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 408

TABLE 549         EUROPE: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 408

TABLE 550         EUROPE: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          409

TABLE 551         EUROPE: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          409

TABLE 552         EUROPE: AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION) 409

TABLE 553         EUROPE: AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION) 410

TABLE 554         EUROPE: IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          410

TABLE 555         EUROPE: IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          410

TABLE 556         EUROPE: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     411

TABLE 557         EUROPE: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     411

TABLE 558         EUROPE: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       411

TABLE 559         EUROPE: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       412

TABLE 560         EUROPE: REGTECH PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION) 412

TABLE 561         EUROPE: REGTECH PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION) 412

TABLE 562         EUROPE: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)             413

TABLE 563         EUROPE: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)             413

TABLE 564         EUROPE: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             413

TABLE 565         EUROPE: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             414

TABLE 566         EUROPE: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             414

TABLE 567         EUROPE: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             414

TABLE 568         EUROPE: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             415

TABLE 569         EUROPE: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             415

TABLE 570         EUROPE: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       415

TABLE 571         EUROPE: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       415

TABLE 572         EUROPE: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          416

TABLE 573         EUROPE: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          416

TABLE 574         EUROPE: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          416

TABLE 575         EUROPE: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          416

TABLE 576         EUROPE: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             417

TABLE 577         EUROPE: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             417

TABLE 578         EUROPE: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    417

TABLE 579         EUROPE: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    417

TABLE 580         EUROPE: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             418

TABLE 581         EUROPE: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             418

TABLE 582         EUROPE: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          419

TABLE 583         EUROPE: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          419

TABLE 584         EUROPE: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       419

TABLE 585         EUROPE: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       420

TABLE 586         EUROPE: INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION)          420

TABLE 587         EUROPE: INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION)          420

TABLE 588         EUROPE: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)           421

TABLE 589         EUROPE: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2023–2028 (USD MILLION)           421

TABLE 590         EUROPE: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)       421

TABLE 591         EUROPE: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)       421

TABLE 592         EUROPE: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION) 422

TABLE 593         EUROPE: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION) 422

TABLE 594         EUROPE: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)          422

TABLE 595         EUROPE: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)          423

11.3.3    UK         423

11.3.3.1 Increase in digitization and rise in demand for personalized insurance products              423

TABLE 596         UK: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     424

TABLE 597         UK: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     424

11.3.4    GERMANY         424

11.3.4.1 Digitalization and integration of InsurTech solutions streamlining insurance processes             424

TABLE 598         GERMANY: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          425

TABLE 599         GERMANY: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          425

11.3.5    FRANCE             425

11.3.5.1 Stable economy with regulatory authorities constantly accommodating changing tech landscape     425

TABLE 600         FRANCE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          426

TABLE 601         FRANCE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          426

11.3.6    ITALY   426

11.3.6.1 Aging population and COVID-19 bolstered adoption of long-term care insurance              426

TABLE 602         ITALY: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     427

TABLE 603         ITALY: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     427

11.3.7    SPAIN   427

11.3.7.1 Adoption of emerging technologies enhanced underwriting processes and claims management        427

TABLE 604         SPAIN: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     428

TABLE 605         SPAIN: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     428

11.3.8    SWITZERLAND 428

11.3.8.1 Regulatory flexibility to encourage insurers to invest in insurance platforms              428

TABLE 606         SWITZERLAND: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   429

TABLE 607         SWITZERLAND: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   429

11.3.9    REST OF EUROPE           429

TABLE 608         REST OF EUROPE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   430

TABLE 609         REST OF EUROPE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   430

11.4       ASIA PACIFIC    430

11.4.1    ASIA PACIFIC: INSURANCE PLATFORMS MARKET DRIVERS        431

11.4.2    ASIA PACIFIC: RECESSION IMPACT        431

FIGURE 56         ASIA PACIFIC: INSURANCE PLATFORMS MARKET SNAPSHOT              432

TABLE 610         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   432

TABLE 611         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   433

TABLE 612         ASIA PACIFIC: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)       433

TABLE 613         ASIA PACIFIC: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)       433

TABLE 614         ASIA PACIFIC: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          434

TABLE 615         ASIA PACIFIC: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          434

TABLE 616         ASIA PACIFIC: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    434

TABLE 617         ASIA PACIFIC: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    435

TABLE 618         ASIA PACIFIC: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          435

TABLE 619         ASIA PACIFIC: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          435

TABLE 620         ASIA PACIFIC: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)       436

TABLE 621         ASIA PACIFIC: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)       436

TABLE 622         ASIA PACIFIC: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)     436

TABLE 623         ASIA PACIFIC: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)     436

TABLE 624         ASIA PACIFIC: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             437

TABLE 625         ASIA PACIFIC: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             437

TABLE 626         ASIA PACIFIC: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             437

TABLE 627         ASIA PACIFIC: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             438

TABLE 628         ASIA PACIFIC: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)             438

TABLE 629         ASIA PACIFIC: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)             438

TABLE 630         ASIA PACIFIC: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 439

TABLE 631         ASIA PACIFIC: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 439

TABLE 632         ASIA PACIFIC: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    439

TABLE 633         ASIA PACIFIC: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    440

TABLE 634         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           440

TABLE 635         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           441

TABLE 636         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)           441

TABLE 637         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)           441

TABLE 638         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              442

TABLE 639         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              442

TABLE 640         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 442

TABLE 641         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 443

TABLE 642         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    443

TABLE 643         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    443

TABLE 644         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)   443

TABLE 645         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)   444

TABLE 646         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              444

TABLE 647         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              444

TABLE 648         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          444

TABLE 649         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          445

TABLE 650         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)  445

TABLE 651         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)  445

TABLE 652         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 445

TABLE 653         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 446

TABLE 654         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    446

TABLE 655         ASIA PACIFIC: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    446

TABLE 656         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          447

TABLE 657         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          447

TABLE 658         ASIA PACIFIC: AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     447

TABLE 659         ASIA PACIFIC: AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     448

TABLE 660         ASIA PACIFIC: IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION) 448

TABLE 661         ASIA PACIFIC: IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION) 448

TABLE 662         ASIA PACIFIC: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          449

TABLE 663         ASIA PACIFIC: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          449

TABLE 664         ASIA PACIFIC: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    449

TABLE 665         ASIA PACIFIC: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    450

TABLE 666         ASIA PACIFIC: REGTECH PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     450

TABLE 667         ASIA PACIFIC: REGTECH PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     450

TABLE 668         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)    451

TABLE 669         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)    451

TABLE 670         ASIA PACIFIC: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             451

TABLE 671         ASIA PACIFIC: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             452

TABLE 672         ASIA PACIFIC: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    452

TABLE 673         ASIA PACIFIC: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    452

TABLE 674         ASIA PACIFIC: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    453

TABLE 675         ASIA PACIFIC: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    453

TABLE 676         ASIA PACIFIC: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    453

TABLE 677         ASIA PACIFIC: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    453

TABLE 678         ASIA PACIFIC: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             454

TABLE 679         ASIA PACIFIC: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             454

TABLE 680         ASIA PACIFIC: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             454

TABLE 681         ASIA PACIFIC: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             455

TABLE 682         ASIA PACIFIC: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       455

TABLE 683         ASIA PACIFIC: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       455

TABLE 684         ASIA PACIFIC: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    456

TABLE 685         ASIA PACIFIC: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    456

TABLE 686         ASIA PACIFIC: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       456

TABLE 687         ASIA PACIFIC: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       457

TABLE 688         ASIA PACIFIC: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             457

TABLE 689         ASIA PACIFIC: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             457

TABLE 690         ASIA PACIFIC: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    458

TABLE 691         ASIA PACIFIC: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    458

TABLE 692         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION)             458

TABLE 693         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION)             459

TABLE 694         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)   459

TABLE 695         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2023–2028 (USD MILLION)   459

TABLE 696         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)              460

TABLE 697         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)              460

TABLE 698         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION) 460

TABLE 699         ASIA PACIFIC: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION) 460

TABLE 700         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY COUNTRY/REGION, 2018–2022 (USD MILLION) 461

TABLE 701         ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY COUNTRY/REGION, 2023–2028 (USD MILLION) 461

11.4.3    CHINA  462

11.4.3.1 Leveraging big data and AI and emergence of InsurTech companies        462

TABLE 702         CHINA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          462

TABLE 703         CHINA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          462

11.4.4    INDIA   463

11.4.4.1 Rise of microinsurance in India due to growing emphasis on financial inclusion              463

TABLE 704         INDIA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     463

TABLE 705         INDIA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     463

11.4.5    JAPAN  464

11.4.5.1 Government initiatives and regulatory changes actively promoting InsurTech              464

TABLE 706         JAPAN: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     464

TABLE 707         JAPAN: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     464

11.4.6    SOUTH KOREA 465

11.4.6.1 Partnerships between traditional insurers and technology firms to enhance customer experience          465

TABLE 708         SOUTH KOREA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   465

TABLE 709         SOUTH KOREA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   466

11.4.7    SINGAPORE      466

11.4.7.1 Progressive digital insurance platform solutions           466

TABLE 710         SINGAPORE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          466

TABLE 711         SINGAPORE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          467

11.4.8    AUSTRALIA & NEW ZEALAND   467

11.4.8.1 Exploring AI’s potential more broadly for insurance platform     467

TABLE 712         AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)        467

TABLE 713         AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)        468

11.4.9    REST OF ASIA PACIFIC  468

TABLE 714         REST OF ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   468

TABLE 715         REST OF ASIA PACIFIC: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   469

11.5       MIDDLE EAST & AFRICA             469

11.5.1    MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET DRIVERS              469

11.5.2    MIDDLE EAST & AFRICA: RECESSION IMPACT   470

TABLE 716         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)            470

TABLE 717         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)            470

TABLE 718         MIDDLE EAST & AFRICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)    471

TABLE 719         MIDDLE EAST & AFRICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)    471

TABLE 720         MIDDLE EAST & AFRICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION) 471

TABLE 721         MIDDLE EAST & AFRICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION) 472

TABLE 722         MIDDLE EAST & AFRICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          472

TABLE 723         MIDDLE EAST & AFRICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          472

TABLE 724         MIDDLE EAST & AFRICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)              473

TABLE 725         MIDDLE EAST & AFRICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)              473

TABLE 726         MIDDLE EAST & AFRICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             473

TABLE 727         MIDDLE EAST & AFRICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             474

TABLE 728         MIDDLE EAST & AFRICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             474

TABLE 729         MIDDLE EAST & AFRICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             474

TABLE 730         MIDDLE EAST & AFRICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)          475

TABLE 731         MIDDLE EAST & AFRICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)          475

TABLE 732         MIDDLE EAST & AFRICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)          475

TABLE 733         MIDDLE EAST & AFRICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)          476

TABLE 734         MIDDLE EAST & AFRICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    476

TABLE 735         MIDDLE EAST & AFRICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    476

TABLE 736         MIDDLE EAST & AFRICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)              477

TABLE 737         MIDDLE EAST & AFRICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)              477

TABLE 738         MIDDLE EAST & AFRICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 477

TABLE 739         MIDDLE EAST & AFRICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 478

TABLE 740         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)     478

TABLE 741         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)     479

TABLE 742         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              479

TABLE 743         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              479

TABLE 744         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              480

TABLE 745         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              480

TABLE 746         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 480

TABLE 747         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 481

TABLE 748         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              481

TABLE 749         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              481

TABLE 750         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)      481

TABLE 751         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)      482

TABLE 752         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              482

TABLE 753         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              482

TABLE 754         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    482

TABLE 755         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    483

TABLE 756         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 483

TABLE 757         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 483

TABLE 758         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              483

TABLE 759         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              484

TABLE 760         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    484

TABLE 761         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    484

TABLE 762         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)    485

TABLE 763         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)    485

TABLE 764         MIDDLE EAST & AFRICA: AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             485

TABLE 765         MIDDLE EAST & AFRICA: AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             486

TABLE 766         MIDDLE EAST & AFRICA: IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          486

TABLE 767         MIDDLE EAST & AFRICA: IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          486

TABLE 768         MIDDLE EAST & AFRICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       487

TABLE 769         MIDDLE EAST & AFRICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       487

TABLE 770         MIDDLE EAST & AFRICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        487

TABLE 771         MIDDLE EAST & AFRICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        488

TABLE 772         MIDDLE EAST & AFRICA: REGTECH PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             488

TABLE 773         MIDDLE EAST & AFRICA: REGTECH PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             488

TABLE 774         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)             489

TABLE 775         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)             489

TABLE 776         MIDDLE EAST & AFRICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    489

TABLE 777         MIDDLE EAST & AFRICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    490

TABLE 778         MIDDLE EAST & AFRICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        490

TABLE 779         MIDDLE EAST & AFRICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        490

TABLE 780         MIDDLE EAST & AFRICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        491

TABLE 781         MIDDLE EAST & AFRICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        491

TABLE 782         MIDDLE EAST & AFRICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        491

TABLE 783         MIDDLE EAST & AFRICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        491

TABLE 784         MIDDLE EAST & AFRICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    492

TABLE 785         MIDDLE EAST & AFRICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    492

TABLE 786         MIDDLE EAST & AFRICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    492

TABLE 787         MIDDLE EAST & AFRICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    493

TABLE 788         MIDDLE EAST & AFRICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    493

TABLE 789         MIDDLE EAST & AFRICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    493

TABLE 790         MIDDLE EAST & AFRICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        494

TABLE 791         MIDDLE EAST & AFRICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        494

TABLE 792         MIDDLE EAST & AFRICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        494

TABLE 793         MIDDLE EAST & AFRICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        495

TABLE 794         MIDDLE EAST & AFRICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    495

TABLE 795         MIDDLE EAST & AFRICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    496

TABLE 796         MIDDLE EAST & AFRICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        496

TABLE 797         MIDDLE EAST & AFRICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        496

TABLE 798         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION)            497

TABLE 799         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION)            497

TABLE 800         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)        497

TABLE 801         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2023–2028 (USD MILLION)        498

TABLE 802         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)              498

TABLE 803         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)              498

TABLE 804         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION)              498

TABLE 805         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION)              499

TABLE 806         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)            499

TABLE 807         MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)            499

11.5.3    SAUDI ARABIA  500

11.5.3.1 Initiatives toward digital transformation by authorities such as SAMA     500

TABLE 808         SAUDI ARABIA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   500

TABLE 809         SAUDI ARABIA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   500

11.5.4    UAE      501

11.5.4.1 Adoption of advanced technologies and increased awareness of insurance products              501

TABLE 810         UAE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)     501

TABLE 811         UAE: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)     501

11.5.5    SOUTH AFRICA 502

11.5.5.1 Partnerships between insurance companies and InsurTech startups         502

TABLE 812         SOUTH AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   502

TABLE 813         SOUTH AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   502

11.5.6    EGYPT 503

11.5.6.1 Growth in middle class with increased disposable income seeking comprehensive insurance coverage            503

TABLE 814         EGYPT: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          503

TABLE 815         EGYPT: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          503

11.5.7    REST OF MIDDLE EAST & AFRICA           504

TABLE 816         REST OF MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)        504

TABLE 817         REST OF MIDDLE EAST & AFRICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)        504

11.6       LATIN AMERICA             505

11.6.1    LATIN AMERICA: INSURANCE PLATFORMS MARKET DRIVERS   505

11.6.2    LATIN AMERICA: RECESSION IMPACT   506

TABLE 818         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)   506

TABLE 819         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)   506

TABLE 820        LATIN AMERICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)       507

TABLE 821        LATIN AMERICA: INSURANCE PLATFORM SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)       507

TABLE 822         LATIN AMERICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          507

TABLE 823         LATIN AMERICA: INTELLIGENT DOCUMENT PROCESSING SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          508

TABLE 824         LATIN AMERICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          508

TABLE 825         LATIN AMERICA: INSURANCE LEAD MANAGEMENT SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          508

TABLE 826         LATIN AMERICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2018–2022 (USD MILLION)          509

TABLE 827         LATIN AMERICA: INSURANCE WORKFLOW AUTOMATION SOFTWARE MARKET, BY TYPE, 2023–2028 (USD MILLION)          509

TABLE 828         LATIN AMERICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             509

TABLE 829         LATIN AMERICA: INSURANCE POLICY MANAGEMENT SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             510

TABLE 830         LATIN AMERICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)     510

TABLE 831         LATIN AMERICA: VIDEO KYC/EKYC SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)     510

TABLE 832         LATIN AMERICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)          510

TABLE 833         LATIN AMERICA: INSURANCE PLATFORM API & MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)          511

TABLE 834         LATIN AMERICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2018–2022 (USD MILLION)             511

TABLE 835         LATIN AMERICA: INSURANCE PLATFORM MICROSERVICES SOFTWARE, BY TYPE, 2023–2028 (USD MILLION)             511

TABLE 836         LATIN AMERICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)       512

TABLE 837         LATIN AMERICA: INSURANCE PLATFORM SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)       512

TABLE 838         LATIN AMERICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION) 512

TABLE 839         LATIN AMERICA: INSURANCE PLATFORM PROFESSIONAL SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION) 512

TABLE 840         LATIN AMERICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2018–2022 (USD MILLION)    513

TABLE 841         LATIN AMERICA: INSURANCE PLATFORM MANAGED SERVICES MARKET, BY TYPE, 2023–2028 (USD MILLION)    513

TABLE 842         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2018–2022 (USD MILLION)           513

TABLE 843         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)           514

TABLE 844         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)           514

TABLE 845         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN CLAIMS MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)           514

TABLE 846         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              515

TABLE 847         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN UNDERWRITING & RATING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              515

TABLE 848         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION) 515

TABLE 849         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN CUSTOMER RELATIONSHIP MANAGEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION) 516

TABLE 850         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              516

TABLE 851         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN BILLING & PAYMENTS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              516

TABLE 852         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2018–2022 (USD MILLION)   516

TABLE 853         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN DATA ANALYTICS, BY SUBAPPLICATION, 2023–2028 (USD MILLION)   517

TABLE 854         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              517

TABLE 855         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN COMPLIANCE & REPORTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              517

TABLE 856         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2018–2022 (USD MILLION)          517

TABLE 857         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT, BY SUBAPPLICATION, 2023–2028 (USD MILLION)          518

TABLE 858         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)            518

TABLE 859         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN SALES & MARKETING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)            518

TABLE 860         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2018–2022 (USD MILLION)              518

TABLE 861         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN PROPERTY ESTIMATION, BY SUBAPPLICATION, 2023–2028 (USD MILLION)              519

TABLE 862         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2018–2022 (USD MILLION)    519

TABLE 863         LATIN AMERICA: INSURANCE PLATFORMS MARKET IN PREDICTIVE MODELING/EXTREME EVENT FORECASTING, BY SUBAPPLICATION, 2023–2028 (USD MILLION)    519

TABLE 864         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2018–2022 (USD MILLION)          520

TABLE 865         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)          520

TABLE 866         LATIN AMERICA: AI & ML PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     520

TABLE 867         LATIN AMERICA: AI & ML PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     521

TABLE 868         LATIN AMERICA: IOT PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)     521

TABLE 869         LATIN AMERICA: IOT PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)     521

TABLE 870         LATIN AMERICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             522

TABLE 871         LATIN AMERICA: BLOCKCHAIN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             522

TABLE 872         LATIN AMERICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    522

TABLE 873         LATIN AMERICA: DATA ANALYTICS & BIG DATA PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    523

TABLE 874         LATIN AMERICA: REGTECH PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)          523

TABLE 875         LATIN AMERICA: REGTECH PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)          523

TABLE 876         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2018–2022 (USD MILLION)    524

TABLE 877         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY INSURANCE TYPE, 2023–2028 (USD MILLION)    524

TABLE 878         LATIN AMERICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       524

TABLE 879         LATIN AMERICA: GENERAL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       525

TABLE 880         LATIN AMERICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    525

TABLE 881         LATIN AMERICA: HEALTHCARE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    525

TABLE 882         LATIN AMERICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    526

TABLE 883         LATIN AMERICA: AUTOMOBILE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    526

TABLE 884         LATIN AMERICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    526

TABLE 885         LATIN AMERICA: HOMEOWNER’S INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    526

TABLE 886         LATIN AMERICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       527

TABLE 887         LATIN AMERICA: TRAVEL INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       527

TABLE 888         LATIN AMERICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)             527

TABLE 889         LATIN AMERICA: LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)             527

TABLE 890         LATIN AMERICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    528

TABLE 891         LATIN AMERICA: TERM LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    528

TABLE 892         LATIN AMERICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)        528

TABLE 893         LATIN AMERICA: UNIT-LINKED INSURANCE PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)        528

TABLE 894         LATIN AMERICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    529

TABLE 895         LATIN AMERICA: WHOLE LIFE INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    529

TABLE 896         LATIN AMERICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)       530

TABLE 897         LATIN AMERICA: ENDOWMENT PLAN PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)       530

TABLE 898         LATIN AMERICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2018–2022 (USD MILLION)    530

TABLE 899         LATIN AMERICA: CYBERSECURITY INSURANCE PLATFORMS MARKET, BY TYPE, 2023–2028 (USD MILLION)    531

TABLE 900         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY END USER, 2018–2022 (USD MILLION)             531

TABLE 901         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY END USER, 2023–2028 (USD MILLION)             531

TABLE 902         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2018–2022 (USD MILLION)   532

TABLE 903         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE COMPANIES, BY TYPE, 2023–2028 (USD MILLION)   532

TABLE 904         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2018–2022 (USD MILLION)              532

TABLE 905         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR INSURANCE AGENCIES & BROKERS, BY TYPE, 2023–2028 (USD MILLION)              532

TABLE 906         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2018–2022 (USD MILLION) 533

TABLE 907         LATIN AMERICA: INSURANCE PLATFORMS MARKET FOR THIRD-PARTY ADMINISTRATORS, BY TYPE, 2023–2028 (USD MILLION) 533

TABLE 908         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2018–2022 (USD MILLION)    533

TABLE 909         LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)    533

11.6.3    BRAZIL 534

11.6.3.1 Increase in awareness of importance of health, property, and automotive insurance              534

TABLE 910         BRAZIL: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          534

TABLE 911         BRAZIL: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          534

11.6.4    MEXICO             535

11.6.4.1 Regulatory reforms and increase in traction for innovative cyber insurance, microinsurance, and parametric insurance solutions     535

TABLE 912         MEXICO: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          535

TABLE 913         MEXICO: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          535

11.6.5    ARGENTINA      536

11.6.5.1 Promising market with increase in awareness regarding importance of risk management        536

TABLE 914        ARGENTINA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)          536

TABLE 915        ARGENTINA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)          536

11.6.6    REST OF LATIN AMERICA          537

TABLE 916         REST OF LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2018–2022 (USD MILLION)            537

TABLE 917         REST OF LATIN AMERICA: INSURANCE PLATFORMS MARKET, BY OFFERING, 2023–2028 (USD MILLION)            537

12          COMPETITIVE LANDSCAPE       538

12.1       OVERVIEW        538

12.2       STRATEGIES ADOPTED BY KEY PLAYERS           538

TABLE 918         OVERVIEW OF STRATEGIES ADOPTED BY KEY INSURANCE PLATFORM VENDORS  538

12.3       BUSINESS SEGMENT REVENUE ANALYSIS           540

12.3.1    BUSINESS SEGMENT REVENUE ANALYSIS           540

FIGURE 57         BUSINESS SEGMENT REVENUE ANALYSIS, 2018–2022 (USD BILLION)           540

12.4       MARKET SHARE ANALYSIS         541

FIGURE 58         MARKET SHARE ANALYSIS FOR KEY COMPANIES, 2022  541

TABLE 919         INSURANCE PLATFORMS MARKET: DEGREE OF COMPETITION              542

12.5       BRAND/PRODUCT COMPARATIVE ANALYSIS    544

12.5.1    BRAND/PRODUCT COMPARATIVE ANALYSIS FOR CLAIMS MANAGEMENT 544

FIGURE 59         BRAND/PRODUCT COMPARATIVE ANALYSIS FOR CLAIMS MANAGEMENT 544

12.5.1.1 Salesforce            544

12.5.1.2 Guidewire Software           544

12.5.1.3 DXC Technology 545

12.5.1.4 Duck Creek Technologies  545

12.5.2    BRAND/PRODUCT COMPARATIVE ANALYSIS FOR UNDERWRITING & RATING             545

FIGURE 60         BRAND/PRODUCT COMPARATIVE ANALYSIS FOR UNDERWRITING & RATING       545

12.5.2.1 Pegasystems        546

12.5.2.2 FINEOS 546

12.5.2.3 Appian   546

12.5.2.4 Cognizant            546

12.5.3    BRAND/PRODUCT COMPARATIVE ANALYSIS FOR POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT            547

FIGURE 61         BRAND/PRODUCT COMPARATIVE ANALYSIS FOR POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT            547

12.5.3.1 Oracle   547

12.5.3.2 SAP       547

12.5.3.3 Accenture            548

12.5.3.4 LTIMindtree       548

12.6       COMPANY EVALUATION MATRIX, 2022 548

12.6.1    STARS  548

12.6.2    EMERGING LEADERS    548

12.6.3    PERVASIVE PLAYERS     549

12.6.4    PARTICIPANTS 549

FIGURE 62         COMPANY EVALUATION MATRIX, 2022 549

12.6.5    COMPANY FOOTPRINT FOR KEY PLAYERS         550

TABLE 920         PRODUCT FOOTPRINT (22 COMPANIES)           550

TABLE 921         APPLICATION FOOTPRINT (22 COMPANIES)     551

TABLE 922         REGION FOOTPRINT (22 COMPANIES) 552

TABLE 923         COMPANY FOOTPRINT (22 COMPANIES)           553

TABLE 924         OVERALL PRODUCT FOOTPRINT ANALYSIS (KEY PLAYERS), 2023      554

12.7       START-UP/SME EVALUATION MATRIX, 2022      555

12.7.1    PROGRESSIVE COMPANIES       555

12.7.2    RESPONSIVE COMPANIES          555

12.7.3    DYNAMIC COMPANIES 555

12.7.4    STARTING BLOCKS       555

FIGURE 63         STARTUP/SME EVALUATION MATRIX, 2022       556

12.7.5    COMPETITIVE BENCHMARKING            557

TABLE 925         INSURANCE PLATFORMS MARKET: DETAILED LIST OF KEY STARTUPS/SMES           557

TABLE 926         COMPETITIVE BENCHMARKING OF PLAYERS (STARTUPS/SMES)        558

12.8       VALUATION AND FINANCIAL METRICS OF KEY INSURANCE PLATFORM VENDORS  559

FIGURE 64         EV/EBITDA OF KEY INSURANCE PLATFORM VENDORS 559

FIGURE 65         YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY INSURANCE PLATFORM VENDORS            559

12.9       COMPETITIVE SCENARIO AND TRENDS             560

12.9.1    PRODUCT LAUNCHES & ENHANCEMENTS         560

TABLE 927         NEW PRODUCT LAUNCHES & ENHANCEMENTS, 2019–2023              560

12.9.2    DEALS  564

TABLE 928         DEALS, 2020–2023           564

13          COMPANY PROFILES    569

13.1       INTRODUCTION            569

(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*

13.2       KEY PLAYERS   569

13.2.1    SALESFORCE    569

TABLE 929         SALESFORCE: BUSINESS OVERVIEW      570

FIGURE 66         SALESFORCE: COMPANY SNAPSHOT     570

TABLE 930         SALESFORCE: PRODUCTS/SOLUTIONS/SERVICES OFFERED              571

TABLE 931         SALESFORCE: PRODUCT LAUNCHES & ENHANCEMENTS              572

TABLE 932         SALESFORCE: DEALS    572

13.2.2    IBM       574

TABLE 933         IBM: BUSINESS OVERVIEW         574

FIGURE 67         IBM: COMPANY SNAPSHOT       575

TABLE 934         IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED        575

TABLE 935         IBM: PRODUCT LAUNCHES & ENHANCEMENTS 576

TABLE 936         IBM: DEALS       577

13.2.3    ORACLE             579

TABLE 937         ORACLE: BUSINESS OVERVIEW 579

FIGURE 68         ORACLE: COMPANY SNAPSHOT             580

TABLE 938         ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 580

TABLE 939         ORACLE: PRODUCT LAUNCHES & ENHANCEMENTS      581

TABLE 940         ORACLE: DEALS             582

13.2.4    SAP       583

TABLE 941         SAP: BUSINESS OVERVIEW         583

FIGURE 69         SAP: COMPANY SNAPSHOT       584

TABLE 942         SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED        584

TABLE 943         SAP: PRODUCT LAUNCHES & ENHANCEMENTS 585

TABLE 944         SAP: DEALS       586

13.2.5    MICROSOFT      587

TABLE 945         MICROSOFT: BUSINESS OVERVIEW       587

FIGURE 70         MICROSOFT: COMPANY SNAPSHOT      588

TABLE 946         MICROSOFT: PRODUCTS/SOLUTIONS/SERVICES OFFERED              588

TABLE 947         MICROSOFT: PRODUCT LAUNCHES & ENHANCEMENTS              589

TABLE 948         MICROSOFT: DEALS      589

13.2.6    PEGASYSTEMS 591

TABLE 949         PEGASYSTEMS: BUSINESS OVERVIEW   591

FIGURE 71         PEGASYSTEMS: COMPANY SNAPSHOT  592

TABLE 950         PEGASYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED              592

TABLE 951         PEGASYSTEMS: PRODUCT LAUNCHES & ENHANCEMENTS              593

TABLE 952         PEGASYSTEMS: DEALS 594

13.2.7    ADOBE 595

TABLE 953         ADOBE: BUSINESS OVERVIEW   595

FIGURE 72         ADOBE: COMPANY SNAPSHOT 596

TABLE 954         ADOBE: PRODUCTS/SOLUTIONS/SERVICES OFFERED  596

TABLE 955         ADOBE: PRODUCT LAUNCHES & ENHANCEMENTS        597

TABLE 956         ADOBE: DEALS 598

13.2.8    GUIDEWIRE SOFTWARE             599

TABLE 957         GUIDEWIRE SOFTWARE: BUSINESS OVERVIEW 599

FIGURE 73         GUIDEWIRE SOFTWARE: COMPANY SNAPSHOT             600

TABLE 958         GUIDEWIRE SOFTWARE: PRODUCTS/SOLUTIONS/SERVICES OFFERED          600

TABLE 959         GUIDEWIRE SOFTWARE: DEALS             602

13.2.9    DXC TECHNOLOGY      603

TABLE 960         DXC TECHNOLOGY: BUSINESS OVERVIEW        603

FIGURE 74         DXC TECHNOLOGY: COMPANY SNAPSHOT       604

TABLE 961         DXC TECHNOLOGY: PRODUCTS/SOLUTIONS/SERVICES OFFERED          604

TABLE 962         DXC TECHNOLOGY: DEALS       605

13.2.10  FINEOS 606

TABLE 963         FINEOS: BUSINESS OVERVIEW  606

FIGURE 75         FINEOS: COMPANY SNAPSHOT 607

TABLE 964         FINEOS: PRODUCTS/SOLUTIONS/SERVICES OFFERED  607

TABLE 965         FINEOS: PRODUCT LAUNCHES & ENHANCEMENTS       609

TABLE 966         FINEOS: DEALS 609

13.2.11  APPIAN 610

TABLE 967         APPIAN: BUSINESS OVERVIEW  610

FIGURE 76         APPIAN: COMPANY SNAPSHOT 611

TABLE 968         APPIAN: PRODUCTS/SOLUTIONS/SERVICES OFFERED  611

TABLE 969         APPIAN: PRODUCT LAUNCHES & ENHANCEMENTS       612

TABLE 970         APPIAN: DEALS 613

13.2.12  APPLIED SYSTEMS        614

TABLE 971         APPLIED SYSTEMS: BUSINESS OVERVIEW           614

TABLE 972         APPLIED SYSTEMS: PRODUCTS/SOLUTIONS/SERVICES OFFERED          614

TABLE 973         APPLIED SYSTEMS: PRODUCT LAUNCHES & ENHANCEMENTS              615

TABLE 974         APPLIED SYSTEMS: DEALS         616

13.2.13  ACCENTURE     617

13.2.14  DUCK CREEK TECHNOLOGIES 618

13.2.15  COGNIZANT     619

13.2.16  LTIMINDTREE  620

13.2.17  PRIMA SOLUTIONS       621

13.2.18  MAJESCO           622

13.2.19  EIS GROUP        623

13.2.20  COGITATE TECHNOLOGY SOLUTIONS 624

13.2.21  VERTAFORE     625

13.2.22  SAPIENS INTERNATIONAL CORPORATION        626

*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.

13.3       STARTUP/SME PROFILES           627

13.3.1    BOLT INSURANCE         627

13.3.2    INZURA              628

13.3.3    BRITECORE       628

13.3.4    SHIFT TECHNOLOGY   629

13.3.5    ZIPARI  630

13.3.6    QUANTEMPLATE          631

13.3.7    PERFECTQUOTE           632

13.3.8    OUTSYSTEMS   632

13.3.9    ZYWAVE            633

13.3.10  SOCOTRA          634

13.3.11  INSUREDMINE  634

13.3.12  INSUREDHQ     635

13.3.13  CODEMETRO   635

13.3.14  AGENCYSMART 636

13.3.15  ONESHIELD      637

14          APPENDIX         638

14.1       DISCUSSION GUIDE      638

14.2       KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL             644

14.3       CUSTOMIZATION OPTIONS      646

14.4       RELATED REPORTS       646

14.5       AUTHOR DETAILS         647