保険プラットフォーム市場 – 2030年までの世界予測

Insurance Platform Market - Global Forecast to 2030

保険プラットフォーム市場 - 提供サービス (コア保険、インシュアテック)、用途 (引受、CRM、データ分析)、テクノロジー (AI、ブロックチェーン、クラウドコンピューティング、分析)、保険タイプ (健康、生命、損害保険、旅行)、およびエンドユーザー - 2030年までの世界予測
Insurance Platform Market by Offering (Core Insurance, Insurtech), Application (Underwriting, CRM, Data Analytics), Technology (AI, Blockchain, Cloud Computing, Analytics), Insurance Type (Health, Life, P&C, Travel), & End User - Global Forecast to 2030

商品番号 : SMB-44520

出版社MarketsandMarkets
出版年月2025年3月
ページ数419
図表数415
価格タイプシングルユーザライセンス
価格USD 4,950
種別英文調査報告書

Report Overview

The insurance platform market is projected to grow from USD 116.16 billion in 2025 to USD 207.52 billion by 2030 at a compound annual growth rate (CAGR) of 12.3% during the forecast period.

保険プラットフォーム市場は、予測期間中に年平均成長率(CAGR)12.3%で成長し、2025年の1,161.6億米ドルから2030年には2,075.2億米ドルに達すると予測されています。

The insurance platform market is driven by rising digital transformation trends, increasing customer demand for personalized policies, and the growing adoption of cloud-based solutions for improved scalability and efficiency. Insurers leverage AI, data analytics, and automation to enhance underwriting, claims processing, and customer engagement. However, market growth faces challenges such as data security concerns, regulatory complexities, legacy system integration, limited digital literacy, and high implementation costs. Balancing innovation with compliance remains crucial as insurers seek robust yet flexible platforms to meet evolving customer expectations and industry demands.

保険プラットフォーム市場は、デジタル変革のトレンドの高まり、パーソナライズされたポリシーに対する顧客の需要の増加、拡張性と効率性の向上を目的としたクラウドベースのソリューションの採用の増加によって推進されています。保険会社は、AI、データ分析、自動化を活用して、引受、請求処理、顧客エンゲージメントを強化しています。しかし、市場の成長は、データセキュリティの懸念、規制の複雑さ、レガシーシステムの統合、限られたデジタルリテラシー、高い実装コストなどの課題に直面しています。保険会社は、進化する顧客の期待と業界の需要を満たすために堅牢でありながら柔軟なプラットフォームを求めており、イノベーションとコンプライアンスのバランスをとることは依然として重要です。

保険プラットフォーム市場 - 2030年までの世界予測
insurance-platform-market

“Policy Administration, Collection & Disbursement application is expected to register the fastest growth rate during the forecast period”

Policy administration, collection, and disbursement applications are poised to experience the fastest growth in the insurance platform market due to increasing demand for streamlined operations, improved customer experience, and enhanced financial management. These solutions enable insurers to automate critical processes such as policy issuance, premium collection, and claims disbursement, reducing manual efforts and minimizing errors. The rising adoption of digital payment solutions and the need for real-time transaction tracking further accelerate growth. Moreover, insurers invest in integrated platforms that combine policy management with financial workflows, ensuring seamless data flow and compliance, ultimately driving faster and more efficient service delivery.

“Cloud Computing technology will have the largest market share during the forecast period”

Cloud computing technology is expected to hold the largest market share in the insurance platform market due to its scalability, flexibility, and cost-efficiency. Insurers are increasingly adopting cloud solutions to enhance data storage, improve accessibility, and support remote operations. Cloud platforms enable seamless integration with advanced technologies like AI, big data analytics, and IoT, allowing insurers to gain valuable insights, improve decision-making, and enhance customer experiences. Additionally, cloud computing facilitates faster deployment of new services, ensuring agility in responding to market demands. As insurers prioritize digital transformation and seek innovative solutions, cloud-based platforms provide a secure, adaptable infrastructure that meets evolving business needs.

保険プラットフォーム市場 - 2030年までの世界予測 region
insurance-platform-market-region

“Asia Pacific to witness rapid Insurance platform growth fueled by innovation and emerging technologies, while North America leads in market size”

The Asia Pacific region is projected to register the fastest growth rate in the insurance platform market due to rapid digital transformation, increasing internet penetration, and rising insurance adoption across emerging economies. Growing middle-class populations, expanding smartphone usage, and government initiatives promoting digital finance further boost demand for advanced insurance platforms. Meanwhile, North America is expected to hold the largest market share, driven by established insurance providers, high investment in digital solutions, and early adoption of cutting-edge technologies like AI, cloud computing, and blockchain. The region’s strong regulatory framework and customer preference for digital-first insurance services further solidify its market dominance.

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 – 30%, Director Level – 48%, and others – 22%
  • By Region: North America – 42%, Europe – 20%, Asia Pacific – 25%, Middle East & Africa – 8%, and Latin America – 5%

The report includes the study of key players offering insurance platform solutions and services. It profiles major vendors in the Insurance platform market. The major players in the Insurance platform market include Salesforce (US), IBM (US), Microsoft (US), Google (US), Adobe (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), Verisk (US), Bolttech (US), ServiceNow (US), LexisNexis (US), Majesco (US), EIS Group (US), Insurity Inc (US), Vertafore (US), Sapiens International Corporation (Israel), Prima Solutions (France), Cogitate Technology Solutions (US), AgencySmart (US), InsureSoft (Canada), BriteCore (US), Shift Technology (France), Zipari (US), Quantemplate (UK), Jenesis Software (US), Sureify (US), OneShield (US), Ensuredit (India), Socotra (US), Coalition (US), Symbo (India), TrustLayer (US), PerfectQuote (US), Hyperexponential (UK), InsuredMine (US), and InsuredHQ (New Zealand).

保険プラットフォーム市場 - 2030年までの世界予測 ecosystem
insurance-platform-market-ecosystem

Research coverage

This research report covers the insurance platform market, which has been segmented based on offering, application, technology, insurance type, and end user. The offering segment consists of software and services. The software segment contains core insurance platforms, insurance technology platforms, insurance operations & management platforms. The services segment consists of professional services (consulting & advisory services, integration & implementation services, custom platform design and development services, training & education services) and managed services (platform hosting & infrastructure management services, platform maintenance & support services, data management & migration services, security & compliance services).

The application segment includes claims management (virtual claims handling, claims processing, claims analytics, claims workflow automation, and others (fraud detection & prevention, third-party claims management)), underwriting & risk management (group insurance underwriting, risk assessment & modeling, risk prediction, and others (underwriting decision support and portfolio management)), insurance workflow automation (lead management, intelligent document processing, video KYC/eKYC, pricing & quote management, and others (collaboration & self-service and customer queries & issue resolution)), customer relationship management (customer data management, customer interaction & engagement, customer support & service, chatbots & virtual assistants, others (retention & loyalty programs and customer onboarding)), billing & payments (premium billing & invoicing, online payment processing, reconciliation & accounting, others (payment fraud detection and multi-currency & cross-border payments)), digital engagement & portals (customer portals & self-service, mobile apps & digital channels, and chatbots & virtual assistants), data analytics (subrogation analytics, performance tracking & reporting, fraud detection & prevention, cyber risk analytics, and behavioral analytics), compliance & reporting (regulatory compliance management, reporting automation, compliance auditing, risk & governance management, others (anti-money laundering and compliance monitoring)), policy administration, collection & disbursement (policy creation & modification, policy management, premium collection, payout disbursement management, others (endorsements & renewals and collection management & reconciliation)), sales & marketing (agency & broker management, direct-to-consumer sales, digital sales enablement, others (lead management & conversion tracking and personalized product recommendations)), predictive modeling/extreme even forecasting (claims severity modeling, policy recommendation engines, extreme event analysis, actuarial modeling & predictions, catastrophe modeling), and others (reinsurance management, API & microservices, call center software, smart contracts integration)).

The technology segment is bifurcated into cloud computing, AI & analytics, IoT, blockchain, and others (cybersecurity and edge computing).

The insurance type segment consists of health insurance, life & annuities insurance, property & casualty insurance (homeowners’ insurance, auto insurance, commercial insurance, and others (renters’ general liability, worker compensation, disability, and umbrella insurance)), specialty insurance (cybersecurity insurance, travel insurance, pet insurance, marine & aviation insurance, asset insurance, and others (education, reinsurance, and agriculture)).

The end user segment consists of insurance companies, insurance agencies & brokers (independent agencies, brokerage firms, online aggregators), third-party administrators (claims handling firms and policy management service providers), and others (actuaries and reinsurers). The regional analysis of the insurance platform market covers North America, Europe, Asia Pacific, the Middle East & Africa (MEA), and Latin America. The report also contains a detailed analysis of investment & funding scenarios, case studies, regulatory landscape, ecosystem analysis, supply chain analysis, pricing analysis, and technology analysis.

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 to position their business and plan suitable go-to-market strategies. It also helps stakeholders understand the market’s pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (digital transformation across the insurance value chain is accelerating platform adoption, the emergence of insurtech startups disrupts traditional business models and compels established insurers to invest in flexible platforms, and the increasing complexity of regulatory compliance drives demand for platforms with built-in compliance features and automated reporting capabilities), restraints (legacy system integration barriers often delay implementation timelines and increase project complexity, high implementation costs associated with modernizing insurance platforms pose a barrier to adoption, and limited digital literacy among traditional insurers and agents hinders the smooth transition to automated and AI-driven insurance platforms), opportunities (embedded insurance models offer opportunities for platforms to integrate insurance into non-insurance applications via APIs and microservices, the increasing adoption of usage-based and parametric insurance products creates demand for platforms with robust IoT integration and real-time data processing, and the growing demand for digital-first insurance solutions creates opportunities for platforms to offer seamless customer experiences), and challenges (cybersecurity risks pose a major concern in the insurance platform market, market fragmentation makes it challenging for insurance platform providers to offer standardized solutions, and managing the increasing volume and variety of data sources while ensuring data quality and governance remains a persistent challenge).
  • 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 Salesforce (US), IBM (US), Microsoft (US), Google (US), Adobe (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), Verisk (US), Bolttech (US), ServiceNow (US), LexisNexis (US), Majesco (US), EIS Group (US), Insurity Inc (US), Vertafore (US), Sapiens International Corporation (Israel), Prima Solutions (France), Cogitate Technology Solutions (US), AgencySmart (US), InsureSoft (Canada), BriteCore (US), Shift Technology (France), Zipari (US), Quantemplate (UK), Jenesis Software (US), Sureify (US), OneShield (US), Ensuredit (India), Socotra (US), Coalition (US), Symbo (India), TrustLayer (US), PerfectQuote (US), Hyperexponential (UK), InsuredMine (US), and InsuredHQ (New Zealand), among others in the insurance platform market. The report also helps stakeholders understand the pulse of the insurance platform market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Table of Contents

1               INTRODUCTION              39

1.1           STUDY OBJECTIVES       39

1.2           MARKET DEFINITION   39

1.3           MARKET SCOPE                39

1.3.1        MARKET SEGMENTATION & REGIONS COVERED                 40

1.3.2        INCLUSIONS AND EXCLUSIONS 41

1.3.3        YEARS CONSIDERED      43

1.4           CURRENCY CONSIDERED            44

1.5           STAKEHOLDERS               44

1.6           SUMMARY OF CHANGES               44

2               RESEARCH METHODOLOGY       46

2.1           RESEARCH DATA              46

2.1.1        SECONDARY DATA          47

2.1.2        PRIMARY DATA 47

2.1.2.1    Breakup of primary profiles                48

2.1.2.2    Key industry insights           48

2.2           MARKET BREAKUP AND DATA TRIANGULATION                 49

2.3           MARKET SIZE ESTIMATION         50

2.3.1        TOP-DOWN APPROACH                50

2.3.2        BOTTOM-UP APPROACH              51

2.4           MARKET FORECAST       54

2.5           RESEARCH ASSUMPTIONS           55

2.6           STUDY LIMITATIONS    56

3               EXECUTIVE SUMMARY  57

4               PREMIUM INSIGHTS       65

4.1           ATTRACTIVE OPPORTUNITIES IN INSURANCE PLATFORM MARKET      65

4.2           INSURANCE PLATFORM MARKET: TOP THREE APPLICATIONS 66

4.3           NORTH AMERICA: INSURANCE PLATFORM MARKET,

BY SOFTWARE AND INSURANCE TYPE   66

4.4           INSURANCE PLATFORM MARKET, BY REGION   67

5               MARKET OVERVIEW AND INDUSTRY TRENDS    68

5.1           INTRODUCTION              68

5.2           MARKET DYNAMICS       68

5.2.1        DRIVERS               69

5.2.1.1    Digital transformation across insurance value chain      69

5.2.1.2    Disruption of traditional models by InsurTech startups                 70

5.2.1.3    Complex regulations that drive demand for platforms with built-in compliance and automation            71

5.2.2        RESTRAINTS      72

5.2.2.1    Legacy system integration leading to implementation delays and added complexity 72

5.2.2.2    High modernization costs   72

5.2.2.3    Limited digital literacy among traditional insurers and agents                 73

5.2.3        OPPORTUNITIES              73

5.2.3.1    Embedded insurance for seamless integration via APIs and microservices         73

5.2.3.2    Rising adoption of usage-based and parametric insurance leading to demand for IoT-enabled, real-time platforms             74

5.2.3.3    Growing demand for digital-first insurance solutions for seamless customer experience             74

5.2.4        CHALLENGES    75

5.2.4.1    Cybersecurity risks               75

5.2.4.2    Market fragmentation, leading to non-standardization  75

5.2.4.3    Managing diverse data sources while ensuring quality and governance             75

5.3           EVOLUTION OF INSURANCE PLATFORMS            76

5.4           SUPPLY CHAIN ANALYSIS             78

5.5           ECOSYSTEM ANALYSIS  80

5.5.1        SOFTWARE TYPE              82

5.5.1.1    Core insurance platforms    82

5.5.1.2    Insurance technology platforms         83

5.5.1.3    Insurance operations & management platforms              83

5.5.2        INSURANCE TYPE            83

5.5.2.1    Health insurance  83

5.5.2.2    Life & annuity insurance     83

5.5.2.3    Property & casualty insurance            84

5.5.2.4    Specialty & other insurance                 84

5.6           INVESTMENT LANDSCAPE AND FUNDING SCENARIO                 84

5.7           CASE STUDY ANALYSIS 86

5.7.1        CASE STUDY 1: SALESFORCE ASSISTS AXA BUSINESS INSURANCE IN ENHANCING CUSTOMER SATISFACTION                 86

5.7.2        CASE STUDY 2: AON ITALY TRANSFORMS INSURANCE AND RISK MANAGEMENT OPERATIONS USING IBM CLOUD PAKS      87

5.7.3        CASE STUDY 3: PACIFIC LIFE’S DIGITAL TRANSFORMATION WITH ACCENTURE AND SALESFORCE                 87

5.7.4        CASE STUDY 4: SUN LIFE FINANCIAL ESTABLISHES DIGITAL TRANSFORMATION THROUGH MODERNIZATION                 88

5.7.5        CASE STUDY 5: ARAG GROUP EXPEDITES INTERNATIONAL REPORTING THROUGH IMPLEMENTATION OF SAP 88

5.7.6        CASE STUDY 6: QBE IMPLEMENTS MODERN REINSURANCE MANAGEMENT SYSTEM WITH DUCK CREEK TECHNOLOGIES               89

5.8           TECHNOLOGY ANALYSIS             89

5.8.1        KEY TECHNOLOGIES     90

5.8.1.1    Artificial intelligence and machine learning     90

5.8.1.2    Blockchain             90

5.8.1.3    Cloud computing  91

5.8.1.4    IoT          91

5.8.1.5    Big data and analytics          91

5.8.2        COMPLEMENTARY TECHNOLOGIES       92

5.8.2.1    Robotic process automation                92

5.8.2.2    Application programming interface   92

5.8.2.3    Augmented reality/Virtual reality      92

5.8.3        ADJACENT TECHNOLOGIES       93

5.8.3.1    Cybersecurity        93

5.8.3.2    Digital identity verification 93

5.8.3.3    Telematics and GPS             93

5.9           REGULATORY LANDSCAPE         94

5.9.1        REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             94

5.9.2        REGULATORY FRAMEWORK/KEY REGULATIONS                 97

5.9.2.1    North America      97

5.9.2.1.1 The Health Insurance Portability and Accountability Act (HIPAA)                97

5.9.2.1.2 The Gramm-Leach-Bliley Act (GLBA)            97

5.9.2.1.3 The Personal Information Protection and Electronic Documents Act (PIPEDA)      97

5.9.2.2    Europe   98

5.9.2.2.1 General Data Protection Regulation (GDPR) 98

5.9.2.2.2 Insurance Distribution Directive (IDD)          98

5.9.2.2.3 Solvency II Directive            98

5.9.2.3    Asia Pacific            98

5.9.2.3.1 Insurance Regulatory and Development Authority of India (IRDAI) Regulations (India)              98

5.9.2.3.2 Financial Services Agency (FSA) Regulations (Japan)   99

5.9.2.3.3 Insurance Authority (IA) Regulations (Hong Kong)      99

5.9.2.4    Middle East & Africa            99

5.9.2.4.1 Insurance Authority (IA) Regulations (United Arab Emirates)                 99

5.9.2.4.2 Financial Sector Conduct Authority (FSCA) Regulations (South Africa)    99

5.9.2.4.3 Central Bank of Nigeria (CBN) Regulations (Nigeria)  99

5.9.2.5    Latin America       100

5.9.2.5.1 Superintendency of Securities and Insurance (SVS) Regulations                 100

5.9.2.5.2 Superintendence of Private Insurance (SUSEP) Regulations                 100

5.9.2.5.3 National Insurance and Bonding Commission (CNSF) Regulations            100

5.10         IMPACT OF GENERATIVE AI ON INSURANCE PLATFORM MARKET               101

5.10.1      AUTOMATED CLAIMS PROCESSING        102

5.10.2      FRAUD DETECTION AND PREVENTION 102

5.10.3      UNDERWRITING              102

5.10.4      PERSONALIZED POLICY RECOMMENDATIONS  102

5.10.5      CHATBOTS & VIRTUAL ASSISTANTS       102

5.10.6      REGULATORY COMPLIANCE AUTOMATION       103

5.11         PATENT ANALYSIS          103

5.11.1      METHODOLOGY              103

5.11.2      PATENTS FILED, BY DOCUMENT TYPE  103

5.11.3      INNOVATION AND PATENT APPLICATIONS        104

5.12         PRICING ANALYSIS          110

5.12.1      AVERAGE SELLING PRICE TREND IN INSURANCE PLATFORM MARKET, BY APPLICATION, 2025      111

5.12.2      INDICATIVE PRICING ANALYSIS, BY INSURANCE TYPE, 2025        112

5.13         KEY CONFERENCES AND EVENTS (2025–2026)     114

5.14         PORTER’S FIVE FORCES ANALYSIS           114

5.14.1      THREAT OF NEW ENTRANTS      116

5.14.2      THREAT OF SUBSTITUTES          116

5.14.3      BARGAINING POWER OF SUPPLIERS       116

5.14.4      BARGAINING POWER OF BUYERS             116

5.14.5      INTENSITY OF COMPETITIVE RIVALRY 116

5.15         INSURANCE PLATFORM BUSINESS MODELS        117

5.15.1      PLATFORM LICENSING 117

5.15.2      SOFTWARE AS A SERVICE             117

5.15.3      PAY-PER-USE AND ON-DEMAND              117

5.15.4      API INTEGRATION AND DEVELOPER SERVICES 118

5.15.5      WHITE-LABEL INSURANCE PLATFORMS                118

5.16         TRENDS/DISRUPTIONS IMPACTING BUYERS IN INSURANCE PLATFORM MARKET             119

5.17         KEY STAKEHOLDERS AND BUYING CRITERIA     120

5.17.1      KEY STAKEHOLDERS IN BUYING PROCESS           120

5.17.2      BUYING CRITERIA           121

6               INSURANCE PLATFORM MARKET, BY END USER                 122

6.1           INTRODUCTION              123

6.1.1        END USER: INSURANCE PLATFORM MARKET DRIVERS                 123

6.2           INSURANCE COMPANIES              125

6.2.1        OPTIMIZE INSURANCE OPERATIONS WITH DIGITAL PLATFORMS FOR ENHANCED EFFICIENCY AND CUSTOMER ENGAGEMENT  125

6.3           INSURANCE AGENCIES & BROKERS          126

6.3.1        INDEPENDENT AGENCIES           127

6.3.1.1    Leverage digital solutions for efficiency and growth       127

6.3.2        BROKERAGE FIRMS         127

6.3.2.1    Enhanced insurance brokerage efficiency and client engagement –key focus areas    127

6.3.3        ONLINE AGGREGATORS               128

6.3.3.1    Enhance insurance accessibility through AI-driven online aggregators            128

6.4           THIRD-PARTY ADMINISTRATORS            128

6.4.1        CLAIMS HANDLING FIRMS           129

6.4.1.1    Optimize claims handling with AI-driven and cloud-based solutions 129

6.4.2        POLICY MANAGEMENT SERVICE PROVIDERS     130

6.4.2.1    Use cutting-edge digital solutions for efficient, compliant policy administration       130

6.5           OTHER END USERS         130

7               INSURANCE PLATFORM MARKET, BY TECHNOLOGY                 132

7.1           INTRODUCTION              133

7.1.1        TECHNOLOGY: INSURANCE PLATFORM MARKET DRIVERS               133

7.2           AI & ANALYTICS                135

7.2.1        REFINE MARKETING STRATEGIES AND OPTIMIZE DISTRIBUTION CHANNELS          135

7.3           IOT         136

7.3.1        ENHANCES RISK MANAGEMENT, EFFICIENCY, AND CUSTOMER ENGAGEMENT         136

7.4           BLOCKCHAIN    137

7.4.1        REVOLUTIONIZES INSURANCE WITH TRANSPARENCY, SECURITY, AND EFFICIENCY      137

7.5           CLOUD COMPUTING     138

7.5.1        DISASTER RECOVERY AND BUSINESS CONTINUITY STRENGTHENED WITH DATA REDUNDANCY AND MINIMAL DOWNTIME       138

7.6           OTHER TECHNOLOGIES               139

8               INSURANCE PLATFORM MARKET, BY APPLICATION                 141

8.1           INTRODUCTION              142

8.1.1        APPLICATION: INSURANCE PLATFORM MARKET DRIVERS               142

8.2           CLAIMS MANAGEMENT 145

8.2.1        VIRTUAL CLAIMS HANDLING     146

8.2.1.1    Accelerated automation and inspection to lead to improved customer satisfaction           146

8.2.2        CLAIMS PROCESSING     147

8.2.2.1    Enhanced processing with AI-powered platforms for faster digital workflows               147

8.2.3        CLAIMS ANALYTICS        147

8.2.3.1    Automating raw data into strategic intelligence to make smarter decisions                 147

8.2.4        CLAIMS WORKFLOW AUTOMATION       148

8.2.4.1    AI, RPA, and intelligent document processing to optimize claims lifecycle  148

8.2.5        OTHERS                148

8.2.5.1    AI-driven fraud detection and third-party claims management to enhance efficiency accuracy                148

8.3           UNDERWRITING & RISK MANAGEMENT                149

8.3.1        GROUP INSURANCE UNDERWRITING    150

8.3.1.1    Leverages statistical data to determine coverage terms and pricing    150

8.3.2        RISK ASSESSMENT & MODELING               150

8.3.2.1    Advanced AI and ML usage to ensure fair pricing and smarter decision-making   150

8.3.3        RISK PREDICTION           151

8.3.3.1    Advanced ML models refine risk prediction to improve accuracy and operational efficiency   151

8.3.4        OTHERS                151

8.3.4.1    Optimized underwriting decision support & portfolio management for effective risk management strategies   151

8.4           INSURANCE WORKFLOW AUTOMATION               152

8.4.1        LEAD MANAGEMENT     153

8.4.1.1    Automated lead management to help enhance sales efficiency and customer satisfaction           153

8.4.2        INTELLIGENT DOCUMENT PROCESSING              153

8.4.2.1    Enhanced accuracy and faster decision-making for regulatory compliance and cost reduction           153

8.4.3        VIDEO KYC/EKYC             154

8.4.3.1    Reduced operational costs and seamless digital experience                 154

8.4.4        PRICING & QUOTE MANAGEMENT          154

8.4.4.1    Automated pricing & quote management improves efficiency and offers data-driven premiums               154

8.4.5        OTHERS                155

8.4.5.1    Enhanced efficiency and decision-making with collaboration, self-service, and portfolio management             155

8.5           CUSTOMER RELATIONSHIP MANAGEMENT        155

8.5.1        CUSTOMER DATA MANAGEMENT            156

8.5.1.1    Predictive analytics and seamless integration make data actionable and valuable for customer-centric strategies 156

8.5.2        CUSTOMER INTERACTION & ENGAGEMENT      157

8.5.2.1    Automated marketing campaigns and dynamic content recommendations to enhance customer journey experience         157

8.5.3        CUSTOMER SUPPORT & SERVICE             157

8.5.3.1    AI-driven ticketing systems streamline issue resolution 157

8.5.4        CHATBOTS & VIRTUAL ASSISTANTS       157

8.5.4.1    AI-powered chatbots and virtual assistants for seamless customer interactions            157

8.5.5        OTHERS                158

8.5.5.1    Enhanced customer retention and loyalty with data-driven CRM strategies and onboarding   158

8.6           BILLING & PAYMENTS   158

8.6.1        PREMIUM BILLING & INVOICING              159

8.6.1.1    Automated premium billing & invoicing for accurate and efficient payment processing              159

8.6.2        ONLINE PAYMENT PROCESSING               160

8.6.2.1    Secure payment processing with multiple methods and fraud protection               160

8.6.3        RECONCILIATION & ACCOUNTING         160

8.6.3.1    Seamless reconciliation and accounting for transparent financial tracking and compliance     160

8.6.4        OTHERS                160

8.6.4.1    Payment fraud detection and seamless multi-currency & cross-border transactions               160

8.7           DATA ANALYTICS            161

8.7.1        SUBROGATION ANALYTICS        162

8.7.1.1    AI-driven subrogation analytics to maximize recoveries and reduce claim expenses          162

8.7.2        PERFORMANCE TRACKING & REPORTING           163

8.7.2.1    Real-time tracking for optimized insurance operations and decision-making   163

8.7.3        FRAUD DETECTION & PREVENTION       163

8.7.3.1    Advanced fraud detection & prevention using AI, machine learning, and big data          163

8.7.4        CYBER RISK ANALYTICS                164

8.7.4.1    Comprehensive cyber risk analytics for accurate underwriting and proactive threat mitigation          164

8.7.5        BEHAVIORAL ANALYTICS             164

8.7.5.1    Personalized insurance, risk assessment, and fraud prevention strategies                164

8.8           COMPLIANCE & REPORTING      165

8.8.1        REGULATORY COMPLIANCE MANAGEMENT      166

8.8.1.1    Key to evolving insurance industry standards and regulations                 166

8.8.2        REPORTING AUTOMATION        166

8.8.2.1    Helps streamline compliance, financial, and operational data management in insurance   166

8.8.3        COMPLIANCE AUDITING             167

8.8.3.1    Ensures adherence to industry regulations and internal policy standards                167

8.8.4        RISK & GOVERNANCE MANAGEMENT    167

8.8.4.1    Strengthens regulatory compliance and operational resilience in insurance                167

8.8.5        OTHERS                168

8.8.5.1    Anti-money laundering and compliance monitoring to strengthen regulatory integrity in insurance    168

8.9           POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT               168

8.9.1        POLICY CREATION & MODIFICATION    169

8.9.1.1    Offer personalized insurance coverage and regulatory compliance                 169

8.9.2        POLICY MANAGEMENT 170

8.9.2.1    Provides seamless administration, renewal, and customer engagement in insurance    170

8.9.3        PREMIUM COLLECTION                170

8.9.3.1    Secure, automated, and fraud-resistant payment processing                 170

8.9.4        PAYOUT & DISBURSEMENT MANAGEMENT        171

8.9.4.1    Enables faster, transparent, and data-driven claims settlement                 171

8.9.5        OTHERS                171

8.9.5.1    Automated endorsements, renewals, collection management, and reconciliation in modern platforms   171

8.10         SALES & MARKETING     172

8.10.1      AGENCY & BROKER MANAGEMENT         173

8.10.1.1  Revolutionized agency & broker management with AI, digital tools, and automation           173

8.10.2      DIRECT-TO-CONSUMER SALES 173

8.10.2.1  Personalization, e-commerce, and data insights – key transformation factors         173

8.10.3      DIGITAL SALES ENABLEMENT   174

8.10.3.1  AI, automation, and smart analytics – key enablers        174

8.10.4      OTHERS                174

8.10.4.1  Optimized lead management and personalized recommendations in insurance platforms with AI           174

8.11         DIGITAL ENGAGEMENT & PORTALS       175

8.11.1      CUSTOMER PORTALS & SELF-SERVICE  176

8.11.1.1  Enhanced customer experience with AI-powered portals and self-service    176

8.11.2      MOBILE APPS & DIGITAL CHANNELS      176

8.11.2.1  Lead to maximized customer engagement        176

8.11.3      CHATBOTS & VIRTUAL ASSISTANTS       177

8.11.3.1  Revolutionizing customer support with AI       177

8.12         PREDICTIVE MODELING/EXTREME EVENT FORECASTING  177

8.12.1      CLAIMS SEVERITY MODELING  178

8.12.1.1  Enhanced cost estimation with AI, automation, and predictive analytics 178

8.12.2      POLICY RECOMMENDATION ENGINES 178

8.12.2.1  Optimized engines using AI and personalized data insights                 178

8.12.3      EXTREME EVENT ANALYSIS        179

8.12.3.1  Applies predictive modeling and machine learning        179

8.12.4      ACTUARIAL MODELING & PREDICTIONS              179

8.12.4.1  AI-driven risk assessment for financial stability               179

8.12.5      CATASTROPHE MODELING        180

8.12.5.1  Improving catastrophe modeling through AI, big data, and simulation techniques          180

8.13         OTHER APPLICATIONS 180

9               INSURANCE PLATFORM MARKET, BY INSURANCE TYPE                 182

9.1           INTRODUCTION              183

9.1.1        INSURANCE TYPE: INSURANCE PLATFORM MARKET DRIVERS               183

9.2           HEALTH INSURANCE     185

9.2.1        AI AND AUTOMATION USED FOR EFFICIENCY AND GROWTH IN HEALTHCARE          185

9.3           LIFE & ANNUITY INSURANCE     186

9.3.1        AUTOMATION AND ANALYTICS TO TRANSFORM INSURANCE LANDSCAPE              186

9.4           PROPERTY & CASUALTY INSURANCE     187

9.4.1        HOMEOWNERS INSURANCE        188

9.4.1.1    Innovation and resilience – shaping the future of home insurance                 188

9.4.2        AUTO INSURANCE           189

9.4.2.1    Digital transformation being leveraged for future mobility                 189

9.4.3        COMMERCIAL INSURANCE          189

9.4.3.1    Automation & risk management – key focus areas          189

9.4.4        OTHERS                190

9.5           SPECIALTY INSURANCE                190

9.5.1        TRAVEL INSURANCE      191

9.5.1.1    Technology and customization to shape the future of travel                 191

9.5.2        PET INSURANCE               191

9.5.2.1    Ensures affordable veterinary care    191

9.5.3        MARINE & AVIATION INSURANCE            192

9.5.3.1    Navigate evolving risks and innovations in marine and aviation insurance                192

9.5.4        ASSET INSURANCE          192

9.5.4.1    Protect valuable assets with adaptive and data-driven insurance                 192

9.5.5        OTHERS                193

9.6           OTHER INSURANCE TYPES          193

10            INSURANCE PLATFORM MARKET, BY OFFERING                 195

10.1         INTRODUCTION              196

10.1.1      OFFERING: INSURANCE PLATFORM MARKET DRIVERS                 196

10.2         SOFTWARE         198

10.2.1      CORE INSURANCE PLATFORMS 199

10.2.1.1 Fundamental to streamlining policy administration, underwriting, claims processing, and billing             199

10.2.2      INSURANCE TECHNOLOGY PLATFORMS               200

10.2.2.1  Integrate advanced digital tools that enhance decision-making, risk management, and customer engagement  200

10.2.3      INSURANCE OPERATIONS & MANAGEMENT PLATFORMS       201

10.2.3.1  Focus on reducing manual effort and improving efficiency                 201

10.3         SERVICES             202

10.3.1      PROFESSIONAL SERVICES            204

10.3.1.1  Leveraged by insurers to accelerate innovation, improve customer engagement, and drive sustainable growth     204

10.3.1.2  Consulting & advisory          205

10.3.1.2.1                Enable insurance companies to stay competitive, improve agility, and make informed investment decisions             205

10.3.1.3  Integration & implementation            206

10.3.1.3.1                Ensure seamless deployment of digital solutions for efficiency and enhanced customer experience 206

10.3.1.4  Custom platform design & development           207

10.3.1.4.1                Involve development of bespoke insurance platforms with specialized features      207

10.3.1.5  Training & education           208

10.3.1.5.1                Include structured training programs, workshops, and hands-on sessions 208

10.3.2      MANAGED SERVICES      209

10.3.2.1  Provide end-to-end operational support for scalability of digital platforms                209

10.3.2.2  Platform hosting & infrastructure management services                 211

10.3.2.2.1                Ensure secure, scalable, high-performing digital ecosystem               211

10.3.2.3  Platform maintenance & support services        212

10.3.2.3.1                Include proactive monitoring, bug fixes, software updates, and real-time issue resolution             212

10.3.2.4  Data management & migration services           213

10.3.2.4.1                Enable insurers to handle vast volumes of critical data                 213

10.3.2.5  Security & compliance services          214

10.3.2.5.1                Safeguard digital ecosystems against cyber threats, data breaches, and regulatory violations   214

11            INSURANCE PLATFORM MARKET, BY REGION   215

11.1         INTRODUCTION              216

11.2         NORTH AMERICA             218

11.2.1      NORTH AMERICA: INSURANCE PLATFORM MARKET DRIVERS               218

11.2.2      NORTH AMERICA: MACROECONOMIC OUTLOOK                 218

11.2.3      US           226

11.2.3.1  Increasing digital transformation and regulatory compliance to drive market          226

11.2.4      CANADA               228

11.2.4.1  Commitment to regulatory stability and advanced technological infrastructure create conducive market environment     228

11.3         EUROPE               229

11.3.1      EUROPE: INSURANCE PLATFORM MARKET DRIVERS                 230

11.3.2      EUROPE: MACROECONOMIC OUTLOOK               230

11.3.3      UK          237

11.3.3.1  Seamless customer experiences and integration with broader financial services – key focus areas    237

11.3.4      GERMANY           238

11.3.4.1  Digitalization and integration of InsurTech solutions streamline insurance processes              238

11.3.5      FRANCE                240

11.3.5.1  Leverages AI and data analytics in insurance processes 240

11.3.6      ITALY    241

11.3.6.1  Increasing consumer demand for user-friendly digital experience to drive market      241

11.3.7      SPAIN    242

11.3.7.1  Adoption of emerging technologies enhance underwriting processes and claims management    242

11.3.8      SWITZERLAND 243

11.3.8.1  Regulatory flexibility encourages insurers to invest in insurance platforms                243

11.3.9      REST OF EUROPE             244

11.4         ASIA PACIFIC     245

11.4.1      ASIA PACIFIC: INSURANCE PLATFORM MARKET DRIVERS               245

11.4.2      ASIA PACIFIC: MACROECONOMIC OUTLOOK     246

11.4.3      CHINA  254

11.4.3.1  Rise of InsurTech firms and tech giants in insurance space to reshape market     254

11.4.4      JAPAN   256

11.4.4.1  Government initiatives and regulatory changes to drive market                 256

11.4.5      INDIA    257

11.4.5.1  Focus on hyper-personalization, automation, and deeper integration with digital economy        257

11.4.6      SOUTH KOREA  259

11.4.6.1  Partnerships between traditional insurers and technology firms to enhance customer experience        259

11.4.7      AUSTRALIA & NEW ZEALAND     260

11.4.7.1  Set to explore AI potential for insurance platforms        260

11.4.8      SINGAPORE        261

11.4.8.1  Progress observed in advancement of digital insurance platform solutions 261

11.4.9      REST OF ASIA PACIFIC   262

11.5         MIDDLE EAST & AFRICA                263

11.5.1      MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET DRIVERS            263

11.5.2      MIDDLE EAST & AFRICA: MACROECONOMIC OUTLOOK                 264

11.5.3      MIDDLE EAST   271

11.5.3.1  Saudi Arabia          272

11.5.3.1.1                Market poised for sustained growth and adoption of digital-first insurance models             272

11.5.3.2  UAE        273

11.5.3.2.1                Adoption of advanced technologies and increased awareness of insurance products to boost market           273

11.5.3.3  Qatar      274

11.5.3.3.1                Economic diversification efforts and increasing digital transformation to drive growth           274

11.5.3.4  Rest of Middle East              275

11.5.4      AFRICA 276

11.6         LATIN AMERICA                277

11.6.1      LATIN AMERICA: INSURANCE PLATFORM MARKET DRIVERS               277

11.6.2      LATIN AMERICA: MACROECONOMIC OUTLOOK                 278

11.6.3      BRAZIL 285

11.6.3.1  InsurTech startups and traditional insurers leverage AI, big data, and blockchain      285

11.6.4      MEXICO                287

11.6.4.1  Market expected to continue growth trajectory, driven by technological advancements and regulatory support      287

11.6.5      ARGENTINA       288

11.6.5.1  Increasing awareness of importance of risk management to drive market    288

11.6.6      REST OF LATIN AMERICA             289

12            COMPETITIVE LANDSCAPE         290

12.1         OVERVIEW          290

12.2         KEY PLAYER STRATEGIES/RIGHT TO WIN, 2022–2025                 290

12.3         REVENUE ANALYSIS, 2020–2024  293

12.4         MARKET SHARE ANALYSIS, 2024                 294

12.4.1      MARKET RANKING ANALYSIS     295

12.5         PRODUCT COMPARATIVE ANALYSIS      297

12.5.1      CRM SOLUTIONS COMPARATIVE ANALYSIS        297

12.5.1.1  Salesforce Financial Services Cloud (Salesforce)             297

12.5.1.2  Microsoft Dynamics 365 for Insurance (Microsoft)       297

12.5.1.3  SAP Customer Experience (SAP)     298

12.5.1.4  Oracle Insurance Policy Administration (OIPA) + Oracle CX Cloud (Oracle)     298

12.5.1.5  ServiceNow Customer Service Management (ServiceNow)                 298

12.5.2      CLAIMS MANAGEMENT SOFTWARE COMPARATIVE ANALYSIS            298

12.5.2.1  BriteClaims (BriteCore)      299

12.5.2.2  Shift Claims Fraud Detection/Shift Claims Intake (Shift Technology)          299

12.5.2.3  OneShield Claims (OneShield)          299

12.5.2.4  Insurity ClaimsXPress (Insurity)       299

12.5.2.5  Socotra Claims (Socotra)    299

12.6         COMPANY VALUATION AND FINANCIAL METRICS                 300

12.7         COMPANY EVALUATION MATRIX: KEY PLAYERS, 2024                 301

12.7.1      STARS   301

12.7.2      EMERGING LEADERS     301

12.7.3      PERVASIVE PLAYERS      301

12.7.4      PARTICIPANTS 301

12.7.5      COMPANY FOOTPRINT: KEY PLAYERS, 2024         303

12.7.5.1  Company footprint               303

12.7.5.2  Regional Footprint                304

12.7.5.3  Insurance type footprint      305

12.7.5.4  Application footprint            306

12.7.5.5  End user footprint                 307

12.8         COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2024        308

12.8.1      PROGRESSIVE COMPANIES         308

12.8.2      RESPONSIVE COMPANIES            308

12.8.3      DYNAMIC COMPANIES  308

12.8.4      STARTING BLOCKS         308

12.8.5      COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2024                 310

12.8.5.1  Detailed list of key startups/SMEs    310

12.8.5.2  Competitive benchmarking of key startups/SMEs          312

12.9         COMPETITIVE SCENARIO AND TRENDS                313

12.9.1      PRODUCT LAUNCHES AND ENHANCEMENTS    313

12.9.2      DEALS  315

13            COMPANY PROFILES      317

13.1         INTRODUCTION              317

13.2         KEY PLAYERS     317

13.2.1      SALESFORCE      317

13.2.1.1  Business overview 317

13.2.1.2  Products offered   319

13.2.1.3  Recent developments           320

13.2.1.3.1                Product launches and enhancements                 320

13.2.1.3.2                Deals      321

13.2.1.4  MnM view              322

13.2.1.4.1                Key strengths        322

13.2.1.4.2                Strategic choices   322

13.2.1.4.3                Weaknesses and competitive threats 322

13.2.2      MICROSOFT       323

13.2.2.1  Business overview 323

13.2.2.2  Products offered   324

13.2.2.3  Recent developments           325

13.2.2.3.1                Product launches and enhancements                 325

13.2.2.3.2                Deals      326

13.2.2.4  MnM view              328

13.2.2.4.1                Key strengths        328

13.2.2.4.2                Strategic choices   328

13.2.2.4.3                Weaknesses and competitive threats 328

13.2.3      SAP         329

13.2.3.1  Business overview 329

13.2.3.2  Products offered   330

13.2.3.3  Recent developments           331

13.2.3.3.1                Product launches and enhancements                 331

13.2.3.3.2                Deals      332

13.2.3.4  MnM view              333

13.2.3.4.1                Key strengths        333

13.2.3.4.2                Strategic choices   333

13.2.3.4.3                Weaknesses and competitive threats 333

13.2.4      ORACLE                334

13.2.4.1  Business overview 334

13.2.4.2  Products offered   335

13.2.4.3  Recent developments           336

13.2.4.3.1                Product launches and enhancements                 336

13.2.4.3.2                Deals      337

13.2.4.4  MnM view              337

13.2.4.4.1                Key strengths        337

13.2.4.4.2                Strategic choices   337

13.2.4.4.3                Weaknesses and competitive threats 338

13.2.5      GOOGLE              339

13.2.5.1  Business overview 339

13.2.5.2  Products offered   340

13.2.5.3  Recent developments           341

13.2.5.3.1                Product launches and enhancements                 341

13.2.5.3.2                Deals      342

13.2.5.4  MnM view              343

13.2.5.4.1                Key strengths        343

13.2.5.4.2                Strategic choices   343

13.2.5.4.3                Weaknesses and competitive threats 343

13.2.6      IBM        344

13.2.6.1  Business overview 344

13.2.6.2  Products offered   345

13.2.6.3  Recent developments           346

13.2.6.3.1                Product launches and enhancements                 346

13.2.6.3.2                Deals      347

13.2.7      ACCENTURE      349

13.2.7.1  Business overview 349

13.2.7.2  Products offered   350

13.2.7.3  Recent developments           351

13.2.7.3.1                Deals      351

13.2.8      ADOBE 353

13.2.8.1  Business overview 353

13.2.8.2  Products offered   354

13.2.8.3  Recent developments           355

13.2.8.3.1                Product launches and enhancements                 355

13.2.8.3.2                Deals      356

13.2.9      COGNIZANT      357

13.2.9.1  Business overview 357

13.2.9.2  Products offered   358

13.2.9.3  Recent developments           360

13.2.9.3.1                Deals      360

13.2.10   VERISK 361

13.2.10.1                 Business overview 361

13.2.10.2                 Products offered   362

13.2.10.3                 Recent developments           363

13.2.10.3.1             Deals      363

13.3         OTHER PLAYERS              364

13.3.1      SERVICENOW    364

13.3.2      DXC TECHNOLOGY        365

13.3.3      GUIDEWIRE SOFTWARE                366

13.3.4      PEGASYSTEMS  367

13.3.5      VERTAFORE       368

13.3.6      LEXISNEXIS        369

13.3.7      SAPIENS INTERNATIONAL CORPORATION          370

13.3.8      APPLIED SYSTEMS           371

13.3.9      MAJESCO             372

13.3.10   APPIAN 373

13.3.11   DUCK CREEK TECHNOLOGIES  374

13.3.12   INSURITY             375

13.3.13   EIS GROUP          376

13.3.14   BOLTTECH         377

13.3.15   FINEOS 378

13.4         SMES/STARTUPS              379

13.4.1      COALITION        379

13.4.2      ONESHIELD       380

13.4.3      SHIFT TECHNOLOGY     381

13.4.4      ENSUREDIT        382

13.4.5      SUREIFY               383

13.4.6      SOCOTRA            384

13.4.7      HYPEREXPONENTIAL    385

13.4.8      PRIMA SOLUTIONS         386

13.4.9      BRITECORE        387

13.4.10   ZIPARI  388

13.4.11   INSURESOFT      389

13.4.12   SYMBO 390

13.4.13   COGITATE TECHNOLOGY SOLUTIONS 391

13.4.14   INSUREDMINE  392

13.4.15   TRUSTLAYER     393

13.4.16   QUANTEMPLATE             394

13.4.17   AGENCYSMART 395

13.4.18   JENESIS SOFTWARE        396

13.4.19   PERFECTQUOTE              397

13.4.20   INSUREDHQ       398

14            ADJACENT AND RELATED MARKETS      399

14.1         INTRODUCTION              399

14.2         FINTECH AS A SERVICE MARKET – GLOBAL FORECAST TO 2029                 399

14.2.1      MARKET DEFINITION   399

14.2.2      MARKET OVERVIEW       399

14.2.2.1  Fintech as a service market, by type  399

14.2.2.2  Fintech as a service market, by technology       400

14.2.2.3  Fintech as a service market, by application      401

14.2.2.4  Fintech as a service market, by end user           402

14.2.2.5  Fintech as a service market, by region               403

14.3         DIGITAL LENDING MARKET – GLOBAL FORECAST TO 2026        404

14.3.1      MARKET DEFINITION   404

14.3.2      MARKET OVERVIEW       404

14.3.2.1  Digital lending market, by offering   404

14.3.2.2  Digital lending market, by deployment mode  405

14.3.2.3  Digital lending market, by end user  406

14.3.2.4  Digital lending market, by region      406

15            APPENDIX           408

15.1         DISCUSSION GUIDE        408

15.2         KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL                415

15.3         CUSTOMIZATION OPTIONS        417

15.4         RELATED REPORTS         417

15.5         AUTHOR DETAILS           418

LIST OF TABLES

TABLE 1                USD EXCHANGE RATE, 2020–2024              44

TABLE 2                PRIMARY INTERVIEWS  47

TABLE 3                FACTOR ANALYSIS          54

TABLE 4                GLOBAL INSURANCE PLATFORM MARKET SIZE AND GROWTH RATE,

2020–2024 (USD MILLION, Y-O-Y %)          59

TABLE 5                GLOBAL INSURANCE PLATFORM MARKET SIZE AND GROWTH RATE,

2025–2030 (USD MILLION, Y-O-Y %)          59

TABLE 6                INSURANCE PLATFORM MARKET: ECOSYSTEM                 80

TABLE 7                NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 94

TABLE 8                EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS           95

TABLE 9                ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS                 95

TABLE 10              MIDDLE EAST AND AFRICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS             96

TABLE 11              LATIN AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES,

AND OTHER ORGANIZATIONS  96

TABLE 12              PATENTS FILED, 2016–2025           103

TABLE 13             INSURANCE PLATFORM MARKET: KEY PATENTS, 2024–2025              105

TABLE 14              PRICING OF INSURANCE PLATFORMS, BY APPLICATION   112

TABLE 15              PRICING DATA OF INSURANCE PLATFORMS, BY INSURANCE TYPE            113

TABLE 16              INSURANCE PLATFORM MARKET: KEY CONFERENCES AND EVENTS     114

TABLE 17              PORTER’S FIVE FORCES: IMPACT ON INSURANCE PLATFORM MARKET             115

TABLE 18              INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS

FOR TOP THREE APPLICATIONS               120

TABLE 19              KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 121

TABLE 20              INSURANCE PLATFORM MARKET, BY END USER, 2020–2024 (USD MILLION)            124

TABLE 21              INSURANCE PLATFORM MARKET, BY END USER, 2025–2030 (USD MILLION)            124

TABLE 22              INSURANCE COMPANIES: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            125

TABLE 23              INSURANCE COMPANIES: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            126

TABLE 24              INSURANCE AGENCIES & BROKERS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)                 126

TABLE 25              INSURANCE AGENCIES & BROKERS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)                 127

TABLE 26              THIRD-PARTY ADMINISTRATORS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)                 129

TABLE 27              THIRD-PARTY ADMINISTRATORS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)                 129

TABLE 28              OTHER END USERS: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            131

TABLE 29              OTHER END USERS: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            131

TABLE 30              INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)            134

TABLE 31              INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            135

TABLE 32              AI & ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            135

TABLE 33              AI & ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            136

TABLE 34              IOT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)          136

TABLE 35              IOT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)          137

TABLE 36             BLOCKCHAIN: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            137

TABLE 37             BLOCKCHAIN: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            138

TABLE 38              CLOUD COMPUTING: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            138

TABLE 39              CLOUD COMPUTING: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            139

TABLE 40              OTHER TECHNOLOGIES: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            139

TABLE 41              OTHER TECHNOLOGIES: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            140

TABLE 42              INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)              144

TABLE 43              INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)              144

TABLE 44              CLAIMS MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            145

TABLE 45              CLAIMS MANAGEMENT: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            146

TABLE 46              UNDERWRITING & RISK MANAGEMENT: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   149

TABLE 47              UNDERWRITING & RISK MANAGEMENT: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   149

TABLE 48              INSURANCE WORKFLOW AUTOMATION: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   152

TABLE 49              INSURANCE WORKFLOW AUTOMATION: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   152

TABLE 50              CUSTOMER RELATIONSHIP MANAGEMENT: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   156

TABLE 51              CUSTOMER RELATIONSHIP MANAGEMENT: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   156

TABLE 52              BILLING & PAYMENTS: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            159

TABLE 53              BILLING & PAYMENTS: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            159

TABLE 54              DATA ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            161

TABLE 55              DATA ANALYTICS: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            162

TABLE 56              COMPLIANCE & REPORTING: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            165

TABLE 57              COMPLIANCE & REPORTING: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            165

TABLE 58              POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            169

TABLE 59              POLICY ADMINISTRATION, COLLECTION, AND DISBURSEMENT: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            169

TABLE 60              SALES & MARKETING: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            172

TABLE 61              SALES & MARKETING: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            172

TABLE 62              DIGITAL ENGAGEMENT & PORTALS: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            175

TABLE 63              DIGITAL ENGAGEMENT & PORTALS: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            175

TABLE 64              PREDICTIVE MODELING/EXTREME EVENT FORECASTING: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            177

TABLE 65              PREDICTIVE MODELING/EXTREME EVENT FORECASTING: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            178

TABLE 66              OTHER APPLICATIONS: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            181

TABLE 67              OTHER APPLICATIONS: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            181

TABLE 68              INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            184

TABLE 69              INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            185

TABLE 70              HEALTH INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            186

TABLE 71              HEALTH INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            186

TABLE 72              LIFE & ANNUITY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            187

TABLE 73              LIFE & ANNUITY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            187

TABLE 74              P&C INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            188

TABLE 75              P&C INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            188

TABLE 76              SPECIALTY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            190

TABLE 77              SPECIALTY INSURANCE: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            191

TABLE 78              OTHER INSURANCE TYPES: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            194

TABLE 79              OTHER INSURANCE TYPES: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            194

TABLE 80             INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)            197

TABLE 81             INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)            197

TABLE 82              INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)       199

TABLE 83              INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)       199

TABLE 84              CORE INSURANCE PLATFORMS MARKET, BY REGION, 2020–2024 (USD MILLION)          200

TABLE 85              CORE INSURANCE PLATFORMS MARKET, BY REGION, 2025–2030 (USD MILLION)          200

TABLE 86              INSURANCE TECHNOLOGY PLATFORMS MARKET, BY REGION,

2020–2024 (USD MILLION)            201

TABLE 87              INSURANCE TECHNOLOGY PLATFORMS MARKET, BY REGION,

2025–2030 (USD MILLION)            201

TABLE 88              INSURANCE OPERATIONS & MANAGEMENT PLATFORMS MARKET, BY REGION, 2020–2024 (USD MILLION)                 202

TABLE 89              INSURANCE OPERATIONS & MANAGEMENT PLATFORMS MARKET, BY REGION, 2025–2030 (USD MILLION)                 202

TABLE 90              INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)                203

TABLE 91              INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)                204

TABLE 92              INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE,

2020–2024 (USD MILLION)            204

TABLE 93              INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE,

2025–2030 (USD MILLION)            205

TABLE 94              CONSULTING & ADVISORY SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   205

TABLE 95              CONSULTING & ADVISORY SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   206

TABLE 96              INTEGRATION & IMPLEMENTATION SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   206

TABLE 97              INTEGRATION & IMPLEMENTATION SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   207

TABLE 98              CUSTOM PLATFORM DESIGN & DEVELOPMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)       207

TABLE 99              CUSTOM PLATFORM DESIGN & DEVELOPMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)       208

TABLE 100            TRAINING & EDUCATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            208

TABLE 101            TRAINING & EDUCATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            209

TABLE 102            INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE,

2020–2024 (USD MILLION)          209

TABLE 103            INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE,

2025–2030 (USD MILLION)            210

TABLE 104            MANAGED SERVICES: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            210

TABLE 105            MANAGED SERVICES: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            210

TABLE 106            PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)          211

TABLE 107            PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)          211

TABLE 108            PLATFORM MAINTENANCE & SUPPORT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)       212

TABLE 109            PLATFORM MAINTENANCE & SUPPORT SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)       212

TABLE 110            DATA MANAGEMENT & MIGRATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            213

TABLE 111            DATA MANAGEMENT & MIGRATION SERVICES: INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            213

TABLE 112            SECURITY & COMPLIANCE SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2020–2024 (USD MILLION)   214

TABLE 113            SECURITY & COMPLIANCE SERVICES: INSURANCE PLATFORM MARKET,

BY REGION, 2025–2030 (USD MILLION)   214

TABLE 114            INSURANCE PLATFORM MARKET, BY REGION, 2020–2024 (USD MILLION)            217

TABLE 115            INSURANCE PLATFORM MARKET, BY REGION, 2025–2030 (USD MILLION)            217

TABLE 116            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            220

TABLE 117            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            220

TABLE 118            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2020–2024 (USD MILLION)            220

TABLE 119            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2025–2030 (USD MILLION)            220

TABLE 120            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            221

TABLE 121            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            221

TABLE 122            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)            221

TABLE 123            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)            221

TABLE 124            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)            222

TABLE 125            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)            222

TABLE 126            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            223

TABLE 127            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            223

TABLE 128            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2020–2024 (USD MILLION)            224

TABLE 129            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            224

TABLE 130            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            224

TABLE 131            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            225

TABLE 132            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY END USER,

2020–2024 (USD MILLION)            225

TABLE 133            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY END USER,

2025–2030 (USD MILLION)            225

TABLE 134            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            226

TABLE 135            NORTH AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            226

TABLE 136            US: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)     227

TABLE 137            US: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)     227

TABLE 138            US: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            227

TABLE 139            US: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            227

TABLE 140            CANADA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            228

TABLE 141            CANADA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            228

TABLE 142            CANADA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            229

TABLE 143            CANADA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            229

TABLE 144            EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            231

TABLE 145            EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            231

TABLE 146            EUROPE: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2020–2024 (USD MILLION)            231

TABLE 147            EUROPE: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2025–2030 (USD MILLION)            231

TABLE 148            EUROPE: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            232

TABLE 149            EUROPE: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            232

TABLE 150            EUROPE: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)                 232

TABLE 151            EUROPE: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)                 232

TABLE 152            EUROPE: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE,

2020–2024 (USD MILLION)            233

TABLE 153            EUROPE: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE,

2025–2030 (USD MILLION)            233

TABLE 154            EUROPE: INSURANCE PLATFORM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            233

TABLE 155            EUROPE: INSURANCE PLATFORM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            234

TABLE 156            EUROPE: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2020–2024 (USD MILLION)            234

TABLE 157            EUROPE: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            234

TABLE 158            EUROPE: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            235

TABLE 159            EUROPE: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            235

TABLE 160            EUROPE: INSURANCE PLATFORM MARKET, BY END USER,

2020–2024 (USD MILLION)            235

TABLE 161            EUROPE: INSURANCE PLATFORM MARKET, BY END USER,

2025–2030 (USD MILLION)            236

TABLE 162            EUROPE: INSURANCE PLATFORM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            236

TABLE 163            EUROPE: INSURANCE PLATFORM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            236

TABLE 164            UK: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)     237

TABLE 165            UK: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)     237

TABLE 166            UK: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            238

TABLE 167            UK: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            238

TABLE 168            GERMANY: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            239

TABLE 169            GERMANY: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            239

TABLE 170            GERMANY: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            239

TABLE 171            GERMANY: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            239

TABLE 172            FRANCE: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            240

TABLE 173            FRANCE: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            240

TABLE 174            ITALY: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)     241

TABLE 175            ITALY: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)     241

TABLE 176            SPAIN: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            242

TABLE 177            SPAIN: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            242

TABLE 178            SWITZERLAND: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            243

TABLE 179            SWITZERLAND: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            243

TABLE 180            REST OF EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            244

TABLE 181            REST OF EUROPE: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            244

TABLE 182            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            247

TABLE 183            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            248

TABLE 184            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2020–2024 (USD MILLION)            248

TABLE 185            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2025–2030 (USD MILLION)            248

TABLE 186            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            248

TABLE 187            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            249

TABLE 188            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)                 249

TABLE 189            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)                 249

TABLE 190            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)                 250

TABLE 191            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)                 250

TABLE 192            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)       251

TABLE 193            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)       251

TABLE 194            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)     252

TABLE 195            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)     252

TABLE 196            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)                252

TABLE 197            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)                253

TABLE 198            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY END USER,

2020–2024 (USD MILLION)            253

TABLE 199            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY END USER,

2025–2030 (USD MILLION)            253

TABLE 200            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            254

TABLE 201            ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            254

TABLE 202            CHINA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            255

TABLE 203            CHINA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            255

TABLE 204            CHINA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            255

TABLE 205            CHINA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            256

TABLE 206            JAPAN: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            256

TABLE 207            JAPAN: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            257

TABLE 208            INDIA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            257

TABLE 209            INDIA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            258

TABLE 210            INDIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            258

TABLE 211            INDIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            258

TABLE 212            SOUTH KOREA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            259

TABLE 213            SOUTH KOREA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            259

TABLE 214            AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)                 260

TABLE 215            AUSTRALIA & NEW ZEALAND: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)                 260

TABLE 216            SINGAPORE: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            261

TABLE 217            SINGAPORE: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            261

TABLE 218            REST OF ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            262

TABLE 219            REST OF ASIA PACIFIC: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            262

TABLE 220            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            264

TABLE 221            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            264

TABLE 222            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2020–2024 (USD MILLION)            265

TABLE 223            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE, 2025–2030 (USD MILLION)            265

TABLE 224            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2020–2024 (USD MILLION)            265

TABLE 225            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE, 2025–2030 (USD MILLION)            265

TABLE 226            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)       266

TABLE 227            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)       266

TABLE 228            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION) 266

TABLE 229            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION) 267

TABLE 230            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2020–2024 (USD MILLION)            267

TABLE 231            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY APPLICATION, 2025–2030 (USD MILLION)            268

TABLE 232            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2020–2024 (USD MILLION)            268

TABLE 233            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY, 2025–2030 (USD MILLION)            269

TABLE 234            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2020–2024 (USD MILLION)            269

TABLE 235            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE, 2025–2030 (USD MILLION)            269

TABLE 236            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY END USER,

2020–2024 (USD MILLION)            270

TABLE 237            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY END USER,

2025–2030 (USD MILLION)            270

TABLE 238            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY REGION,

2020–2024 (USD MILLION)            270

TABLE 239            MIDDLE EAST & AFRICA: INSURANCE PLATFORM MARKET, BY REGION,

2025–2030 (USD MILLION)            270

TABLE 240            MIDDLE EAST: INSURANCE PLATFORM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            271

TABLE 241            MIDDLE EAST: INSURANCE PLATFORM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            271

TABLE 242            SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            272

TABLE 243            SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            272

TABLE 244            SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            273

TABLE 245            SAUDI ARABIA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            273

TABLE 246            UAE: INSURANCE PLATFORM MARKET, BY OFFERING, 2020–2024 (USD MILLION)     274

TABLE 247            UAE: INSURANCE PLATFORM MARKET, BY OFFERING, 2025–2030 (USD MILLION)     274

TABLE 248            QATAR: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            275

TABLE 249            QATAR: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            275

TABLE 250            REST OF MIDDLE EAST: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            276

TABLE 251            REST OF MIDDLE EAST: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            276

TABLE 252            AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            277

TABLE 253            AFRICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            277

TABLE 254            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            278

TABLE 255            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            279

TABLE 256            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2020–2024 (USD MILLION)            279

TABLE 257            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SOFTWARE TYPE,

2025–2030 (USD MILLION)            279

TABLE 258            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2020–2024 (USD MILLION)            279

TABLE 259            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY SERVICE TYPE,

2025–2030 (USD MILLION)            280

TABLE 260            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2020–2024 (USD MILLION)            280

TABLE 261            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY PROFESSIONAL SERVICE TYPE, 2025–2030 (USD MILLION)            280

TABLE 262            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2020–2024 (USD MILLION)            281

TABLE 263            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY MANAGED SERVICE TYPE, 2025–2030 (USD MILLION)            281

TABLE 264            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION,

2020–2024 (USD MILLION)            282

TABLE 265            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY APPLICATION,

2025–2030 (USD MILLION)            282

TABLE 266            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2020–2024 (USD MILLION)            283

TABLE 267            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY TECHNOLOGY,

2025–2030 (USD MILLION)            283

TABLE 268            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            283

TABLE 269            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            284

TABLE 270            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY END USER,

2020–2024 (USD MILLION)            284

TABLE 271            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY END USER,

2025–2030 (USD MILLION)            284

TABLE 272            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY,

2020–2024 (USD MILLION)            285

TABLE 273            LATIN AMERICA: INSURANCE PLATFORM MARKET, BY COUNTRY,

2025–2030 (USD MILLION)            285

TABLE 274            BRAZIL: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            286

TABLE 275            BRAZIL: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            286

TABLE 276            BRAZIL: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2020–2024 (USD MILLION)            286

TABLE 277            BRAZIL: INSURANCE PLATFORM MARKET, BY INSURANCE TYPE,

2025–2030 (USD MILLION)            286

TABLE 278            MEXICO: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            287

TABLE 279            MEXICO: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            287

TABLE 280            ARGENTINA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            288

TABLE 281            ARGENTINA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            288

TABLE 282            REST OF LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2020–2024 (USD MILLION)            289

TABLE 283            REST OF LATIN AMERICA: INSURANCE PLATFORM MARKET, BY OFFERING,

2025–2030 (USD MILLION)            289

TABLE 284            OVERVIEW OF STRATEGIES ADOPTED BY KEY INSURANCE PLATFORM VENDORS, 2022–2025     290

TABLE 285            INSURANCE PLATFORM MARKET: DEGREE OF COMPETITION 295

TABLE 286            REGIONAL FOOTPRINT (25 COMPANIES), 2024                 304

TABLE 287          INSURANCE TYPE FOOTPRINT (25 COMPANIES), 2024        305

TABLE 288            APPLICATION FOOTPRINT (25 COMPANIES), 2024        306

TABLE 289            END USER FOOTPRINT (25 COMPANIES), 2024                 307

TABLE 290            INSURANCE PLATFORM MARKET: KEY STARTUPS/SMES, 2024   310

TABLE 291            INSURANCE PLATFORM MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES                 312

TABLE 292            INSURANCE PLATFORM MARKET: PRODUCT LAUNCHES AND ENHANCEMENTS, 2022–2025      313

TABLE 293            INSURANCE PLATFORM MARKET: DEALS, 2022–2025        315

TABLE 294            SALESFORCE: BUSINESS OVERVIEW        318

TABLE 295            SALESFORCE: PRODUCTS OFFERED       319

TABLE 296            SALESFORCE: PRODUCT LAUNCHES AND ENHANCEMENTS             320

TABLE 297            SALESFORCE: DEALS      321

TABLE 298            MICROSOFT: BUSINESS OVERVIEW         323

TABLE 299            MICROSOFT: PRODUCTS OFFERED         324

TABLE 300            MICROSOFT: PRODUCT LAUNCHES AND ENHANCEMENTS             325

TABLE 301            MICROSOFT: DEALS       326

TABLE 302            SAP: BUSINESS OVERVIEW           329

TABLE 303            SAP: PRODUCTS OFFERED          330

TABLE 304            SAP: PRODUCT LAUNCHES AND ENHANCEMENTS             331

TABLE 305            SAP: DEALS         332

TABLE 306            ORACLE: BUSINESS OVERVIEW 334

TABLE 307            ORACLE: PRODUCTS OFFERED 335

TABLE 308            ORACLE: PRODUCT LAUNCHES AND ENHANCEMENTS             336

TABLE 309            ORACLE: DEALS                337

TABLE 310            GOOGLE: BUSINESS OVERVIEW 339

TABLE 311            GOOGLE: PRODUCTS    340

TABLE 312            GOOGLE: PRODUCT LAUNCHES AND ENHANCEMENTS             341

TABLE 313            GOOGLE: DEALS              342

TABLE 314            IBM: BUSINESS OVERVIEW           344

TABLE 315            IBM: PRODUCTS OFFERED          345

TABLE 316            IBM: PRODUCT LAUNCHES AND ENHANCEMENTS             346

TABLE 317            IBM: DEALS        347

TABLE 318            ACCENTURE: BUSINESS OVERVIEW         349

TABLE 319            ACCENTURE: PRODUCTS OFFERED        350

TABLE 320            ACCENTURE: DEALS       351

TABLE 321            ADOBE: BUSINESS OVERVIEW   353

TABLE 322            ADOBE: PRODUCTS OFFERED   354

TABLE 323            ADOBE: PRODUCT LAUNCHES AND ENHANCEMENTS             355

TABLE 324            ADOBE: DEALS 356

TABLE 325            COGNIZANT: BUSINESS OVERVIEW         357

TABLE 326            COGNIZANT: PRODUCTS OFFERED        358

TABLE 327            COGNIZANT: DEALS       360

TABLE 328            VERISK: BUSINESS OVERVIEW    361

TABLE 329            VERISK: PRODUCTS OFFERED   362

TABLE 330            VERISK: DEALS 363

TABLE 331            FINTECH AS A SERVICE MARKET, BY TYPE, 2018–2023 (USD MILLION)       400

TABLE 332            FINTECH AS A SERVICE MARKET, BY TYPE, 2024–2029 (USD MILLION)       400

TABLE 333            FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2018–2023 (USD MILLION)            401

TABLE 334            FINTECH AS A SERVICE MARKET, BY TECHNOLOGY, 2024–2029 (USD MILLION)            401

TABLE 335            FINTECH AS A SERVICE MARKET, BY APPLICATION, 2018–2023 (USD MILLION)              402

TABLE 336            FINTECH AS A SERVICE MARKET, BY APPLICATION, 2024–2029 (USD MILLION)              402

TABLE 337            FINTECH AS A SERVICE MARKET, BY END USER, 2018–2023 (USD MILLION)            403

TABLE 338            FINTECH AS A SERVICE MARKET, BY END USER, 2024–2029 (USD MILLION)            403

TABLE 339            FINTECH AS A SERVICE MARKET, BY REGION, 2018–2023 (USD MILLION)            403

TABLE 340            FINTECH AS A SERVICE MARKET, BY REGION, 2024–2029 (USD MILLION)            404

TABLE 341            DIGITAL LENDING MARKET, BY OFFERING, 2017–2020 (USD MILLION)            405

TABLE 342            DIGITAL LENDING MARKET, BY OFFERING, 2021–2026 (USD MILLION)            405

TABLE 343            DIGITAL LENDING MARKET, BY DEPLOYMENT MODE, 2017–2020 (USD MILLION)             405

TABLE 344            DIGITAL LENDING MARKET, BY DEPLOYMENT MODE, 2021–2026 (USD MILLION)             405

TABLE 345            DIGITAL LENDING MARKET, BY END USER, 2017–2020 (USD MILLION)            406

TABLE 346            DIGITAL LENDING MARKET, BY END USER, 2021–2026 (USD MILLION)            406

TABLE 347            DIGITAL LENDING MARKET, BY REGION, 2017–2020 (USD MILLION)       407

TABLE 348            DIGITAL LENDING MARKET, BY REGION 2021–2026 (USD MILLION)       407

LIST OF FIGURES

FIGURE 1              INSURANCE PLATFORM MARKET SEGMENTATION & REGIONS      40

FIGURE 2              INSURANCE PLATFORM MARKET: RESEARCH DESIGN                46

FIGURE 3              DATA TRIANGULATION                49

FIGURE 4              INSURANCE PLATFORM MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES              50

FIGURE 5              APPROACH 1, BOTTOM-UP (SUPPLY-SIDE) – REVENUE FROM SOLUTIONS/SERVICES OF INSURANCE PLATFORM MARKET      51

FIGURE 6              APPROACH 2 – BOTTOM-UP (SUPPLY-SIDE) – COLLECTIVE REVENUE FROM

KEY COMPANIES IN THE INSURANCE PLATFORM MARKET                 51

FIGURE 7              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3, BOTTOM-UP

(SUPPLY-SIDE) – COLLECTIVE REVENUE FROM ALL SOLUTIONS/

SERVICES OF INSURANCE PLATFORM MARKET 52

FIGURE 8              MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 4, BOTTOM-UP (DEMAND-SIDE) – SHARE OF INSURANCE PLATFORM THROUGH OVERALL INSURANCE PLATFORM SPENDING 53

FIGURE 9              SOFTWARE TO BE LARGEST OFFERING SEGMENT IN 2025             60

FIGURE 10            INSURANCE TECHNOLOGY PLATFORMS SOFTWARE TO

HOLD MAJOR SHARE IN 2025       60

FIGURE 11            PROFESSIONAL SERVICES TO LEAD SEGMENT IN 2025  60

FIGURE 12            CONSULTING & ADVISORY TO LEAD AMONG PROFESSIONAL SERVICES IN 2025             61

FIGURE 13            PLATFORM HOSTING & INFRASTRUCTURE MANAGEMENT SERVICES TO DOMINATE IN 2025              61

FIGURE 14            CLOUD COMPUTING TO LEAD AMONG TECHNOLOGIES IN 2025                62

FIGURE 15            CLAIMS MANAGEMENT TO EMERGE AS LARGEST APPLICATION SEGMENT IN 2025           62

FIGURE 16            P&C INSURANCE TO ACCOUNT FOR MAJORITY OF MARKET IN 2025         63

FIGURE 17            THIRD-PARTY ADMINISTRATORS TO BE FASTEST-GROWING END USER OVER FORECAST PERIOD                 63

FIGURE 18            ASIA PACIFIC TO REGISTER FASTEST GROWTH RATE DURING FORECAST PERIOD           64

FIGURE 19            DIGITAL TRANSFORMATION AND EVOLVING CONSUMER EXPECTATIONS DRIVE INSURANCE PLATFORM MARKET               65

FIGURE 20            PREDICTIVE MODELING/EXTREME EVENT FORECASTING TO WITNESS

HIGHEST GROWTH RATE             66

FIGURE 21            INSURANCE TECHNOLOGY PLATFORMS AND P&C INSURANCE –

LARGEST SHAREHOLDERS IN NORTH AMERICA IN 2025 66

FIGURE 22            NORTH AMERICA TO HOLD LARGEST MARKET SHARE IN 2025   67

FIGURE 23            DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES:

INSURANCE PLATFORM MARKET             69

FIGURE 24            DIGITAL TRANSFORMATION MARKET, BY REGION                70

FIGURE 25            GLOBAL EARLY-STAGE INSURTECH DEAL SIZE (USD MILLION) 71

FIGURE 26            INSURANCE PLATFORM MARKET EVOLUTION                 76

FIGURE 27            INSURANCE PLATFORM MARKET: SUPPLY CHAIN ANALYSIS              78

FIGURE 28            KEY PLAYERS IN INSURANCE PLATFORM MARKET ECOSYSTEM    82

FIGURE 29            INSURANCE PLATFORM MARKET: INVESTMENT LANDSCAPE AND

FUNDING SCENARIO      84

FIGURE 30            GLOBAL INSURANCE PLATFORM INVESTMENTS, 2020 TO 2024       85

FIGURE 31            POTENTIAL OF GENERATIVE AI IN INSURANCE PLATFORM USE CASES  101

FIGURE 32            NUMBER OF PATENTS GRANTED, 2016–2025                 104

FIGURE 33            REGIONAL ANALYSIS OF PATENTS GRANTED, 2016–2025              110

FIGURE 34            INSURANCE PLATFORM MARKET: PORTER’S FIVE FORCES ANALYSIS 115

FIGURE 35            TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS   119

FIGURE 36            INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS           120

FIGURE 37            KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 121

FIGURE 38            INSURANCE COMPANIES – LARGEST END USER SEGMENT

DURING FORECAST PERIOD       124

FIGURE 39            AI & ANALYTICS TECHNOLOGY SEGMENT TO DOMINATE BY 2030         134

FIGURE 40            PREDICTIVE MODELING/EXTREME EVENT FORECASTING TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD         143

FIGURE 41            HEALTH INSURANCE TO BE LARGEST SEGMENT IN 2030  184

FIGURE 42            SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD          197

FIGURE 43            INSURANCE TECHNOLOGY SOFTWARE TO GROW FASTEST

DURING FORECAST PERIOD       198

FIGURE 44            MANAGED SERVICES TO GROW AT HIGHER CAGR DURING FORECAST PERIOD          203

FIGURE 45            NORTH AMERICA TO BE LARGEST REGIONAL MARKET DURING FORECAST PERIOD    216

FIGURE 46            INDIA TO WITNESS FASTEST GROWTH DURING FORECAST PERIOD         217

FIGURE 47            NORTH AMERICA: INSURANCE PLATFORM MARKET SNAPSHOT       219

FIGURE 48            ASIA PACIFIC: INSURANCE PLATFORM MARKET SNAPSHOT          247

FIGURE 49            TOP FIVE DOMINANT PLAYERS IN INSURANCE PLATFORM,

2020–2024 (USD MILLION)            293

FIGURE 50            SHARE OF LEADING COMPANIES IN INSURANCE PLATFORM MARKET, 2024            294

FIGURE 51            CRM SOLUTION COMPARATIVE ANALYSIS                 297

FIGURE 52            CLAIMS MANAGEMENT SOFTWARE COMPARATIVE ANALYSIS            298

FIGURE 53            FINANCIAL METRICS OF KEY VENDORS 300

FIGURE 54            YEAR-TO-DATE (YTD) PRICE TOTAL RETURN AND 5-YEAR STOCK BETA OF KEY VENDORS      300

FIGURE 55            INSURANCE PLATFORM MARKET: COMPANY EVALUATION MATRIX

(KEY PLAYERS), 2024       302

FIGURE 56            COMPANY FOOTPRINT (25 COMPANIES), 2024                 303

FIGURE 57            INSURANCE PLATFORM MARKET: COMPANY EVALUATION MATRIX (STARTUPS/SMES), 2024 309

FIGURE 58            SALESFORCE: COMPANY SNAPSHOT      318

FIGURE 59            MICROSOFT: COMPANY SNAPSHOT        324

FIGURE 60            SAP: COMPANY SNAPSHOT         330

FIGURE 61            ORACLE: COMPANY SNAPSHOT                335

FIGURE 62            GOOGLE: COMPANY SNAPSHOT               340

FIGURE 63            IBM: COMPANY SNAPSHOT         345

FIGURE 64            ACCENTURE: COMPANY SNAPSHOT       350

FIGURE 65            ADOBE: COMPANY SNAPSHOT  354

FIGURE 66            COGNIZANT: COMPANY SNAPSHOT       358

FIGURE 67            VERISK: COMPANY SNAPSHOT  362