InsureTech Service Market, Global Outlook and Forecast 2022-2028

March 2022 | 67 pages | ID: IC68724E543CEN
Market Monitor Global

Abstracts

The service enables insurers to leverage technology to squeeze operational efficiencies and cost savings from existing insurance industry models.

This report contains market size and forecasts of InsureTech Service in Global, including the following market information:

Global InsureTech Service Market Revenue, 2017-2022, 2023-2028, ($ millions)

Global top five companies in 2021 (%)

The global InsureTech Service market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.

The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.

Professional Services Segment to Reach $ Million by 2028, with a % CAGR in next six years.

The global key manufacturers of InsureTech Service include 3i Infotech, DXC Technology Company, Accenture, Duck Creek Technologies, ClaimVantage and Cognizant, etc. In 2021, the global top five players have a share approximately % in terms of revenue.

MARKET MONITOR GLOBAL, INC (MMG) has surveyed the InsureTech Service companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global InsureTech Service Market, by Type, 2017-2022, 2023-2028 ($ millions)

Global InsureTech Service Market Segment Percentages, by Type, 2021 (%)

• Professional Services
• Managed Services

Global InsureTech Service Market, by Application, 2017-2022, 2023-2028 ($ millions)

Global InsureTech Service Market Segment Percentages, by Application, 2021 (%)

• Insurer/ Insurance Carrier
• Reinsurer

Global InsureTech Service Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)

Global InsureTech Service Market Segment Percentages, By Region and Country, 2021 (%)

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia
• China
• Japan
• South Korea
• Southeast Asia
• India
• Rest of Asia
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• Turkey
• Israel
• Saudi Arabia
• UAE
• Rest of Middle East & Africa

Competitor Analysis

The report also provides analysis of leading market participants including:

Key companies InsureTech Service revenues in global market, 2017-2022 (estimated), ($ millions)

Key companies InsureTech Service revenues share in global market, 2021 (%)

Further, the report presents profiles of competitors in the market, key players include:

• 3i Infotech
• DXC Technology Company
• Accenture
• Duck Creek Technologies
• ClaimVantage
• Cognizant

Contents

1 INTRODUCTION TO RESEARCH & ANALYSIS REPORTS

1.1 InsureTech Service Market Definition
1.2 Market Segments
  1.2.1 Market by Type
  1.2.2 Market by Application
1.3 Global InsureTech Service Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
  1.5.1 Research Methodology
  1.5.2 Research Process
  1.5.3 Base Year
  1.5.4 Report Assumptions & Caveats

2 GLOBAL INSURETECH SERVICE OVERALL MARKET SIZE

2.1 Global InsureTech Service Market Size: 2021 VS 2028
2.2 Global InsureTech Service Market Size, Prospects & Forecasts: 2017-2028
2.3 Key Market Trends, Opportunity, Drivers and Restraints
  2.3.1 Market Opportunities & Trends
  2.3.2 Market Drivers
  2.3.3 Market Restraints

3 COMPANY LANDSCAPE

3.1 Top InsureTech Service Players in Global Market
3.2 Top Global InsureTech Service Companies Ranked by Revenue
3.3 Global InsureTech Service Revenue by Companies
3.4 Top 3 and Top 5 InsureTech Service Companies in Global Market, by Revenue in 2021
3.5 Global Companies InsureTech Service Product Type
3.6 Tier 1, Tier 2 and Tier 3 InsureTech Service Players in Global Market
  3.6.1 List of Global Tier 1 InsureTech Service Companies
  3.6.2 List of Global Tier 2 and Tier 3 InsureTech Service Companies

4 MARKET SIGHTS BY PRODUCT

4.1 Overview
  4.1.1 by Type - Global InsureTech Service Market Size Markets, 2021 & 2028
  4.1.2 Professional Services
  4.1.3 Managed Services
4.2 By Type - Global InsureTech Service Revenue & Forecasts
  4.2.1 By Type - Global InsureTech Service Revenue, 2017-2022
  4.2.2 By Type - Global InsureTech Service Revenue, 2023-2028
  4.2.3 By Type - Global InsureTech Service Revenue Market Share, 2017-2028

5 SIGHTS BY APPLICATION

5.1 Overview
  5.1.1 By Application - Global InsureTech Service Market Size, 2021 & 2028
  5.1.2 Insurer/ Insurance Carrier
  5.1.3 Reinsurer
5.2 By Application - Global InsureTech Service Revenue & Forecasts
  5.2.1 By Application - Global InsureTech Service Revenue, 2017-2022
  5.2.2 By Application - Global InsureTech Service Revenue, 2023-2028
  5.2.3 By Application - Global InsureTech Service Revenue Market Share, 2017-2028

6 SIGHTS BY REGION

6.1 By Region - Global InsureTech Service Market Size, 2021 & 2028
6.2 By Region - Global InsureTech Service Revenue & Forecasts
  6.2.1 By Region - Global InsureTech Service Revenue, 2017-2022
  6.2.2 By Region - Global InsureTech Service Revenue, 2023-2028
  6.2.3 By Region - Global InsureTech Service Revenue Market Share, 2017-2028
6.3 North America
  6.3.1 By Country - North America InsureTech Service Revenue, 2017-2028
  6.3.2 US InsureTech Service Market Size, 2017-2028
  6.3.3 Canada InsureTech Service Market Size, 2017-2028
  6.3.4 Mexico InsureTech Service Market Size, 2017-2028
6.4 Europe
  6.4.1 By Country - Europe InsureTech Service Revenue, 2017-2028
  6.4.2 Germany InsureTech Service Market Size, 2017-2028
  6.4.3 France InsureTech Service Market Size, 2017-2028
  6.4.4 U.K. InsureTech Service Market Size, 2017-2028
  6.4.5 Italy InsureTech Service Market Size, 2017-2028
  6.4.6 Russia InsureTech Service Market Size, 2017-2028
  6.4.7 Nordic Countries InsureTech Service Market Size, 2017-2028
  6.4.8 Benelux InsureTech Service Market Size, 2017-2028
6.5 Asia
  6.5.1 By Region - Asia InsureTech Service Revenue, 2017-2028
  6.5.2 China InsureTech Service Market Size, 2017-2028
  6.5.3 Japan InsureTech Service Market Size, 2017-2028
  6.5.4 South Korea InsureTech Service Market Size, 2017-2028
  6.5.5 Southeast Asia InsureTech Service Market Size, 2017-2028
  6.5.6 India InsureTech Service Market Size, 2017-2028
6.6 South America
  6.6.1 By Country - South America InsureTech Service Revenue, 2017-2028
  6.6.2 Brazil InsureTech Service Market Size, 2017-2028
  6.6.3 Argentina InsureTech Service Market Size, 2017-2028
6.7 Middle East & Africa
  6.7.1 By Country - Middle East & Africa InsureTech Service Revenue, 2017-2028
  6.7.2 Turkey InsureTech Service Market Size, 2017-2028
  6.7.3 Israel InsureTech Service Market Size, 2017-2028
  6.7.4 Saudi Arabia InsureTech Service Market Size, 2017-2028
  6.7.5 UAE InsureTech Service Market Size, 2017-2028

7 PLAYERS PROFILES

7.1 3i Infotech
  7.1.1 3i Infotech Corporate Summary
  7.1.2 3i Infotech Business Overview
  7.1.3 3i Infotech InsureTech Service Major Product Offerings
  7.1.4 3i Infotech InsureTech Service Revenue in Global Market (2017-2022)
  7.1.5 3i Infotech Key News
7.2 DXC Technology Company
  7.2.1 DXC Technology Company Corporate Summary
  7.2.2 DXC Technology Company Business Overview
  7.2.3 DXC Technology Company InsureTech Service Major Product Offerings
  7.2.4 DXC Technology Company InsureTech Service Revenue in Global Market (2017-2022)
  7.2.5 DXC Technology Company Key News
7.3 Accenture
  7.3.1 Accenture Corporate Summary
  7.3.2 Accenture Business Overview
  7.3.3 Accenture InsureTech Service Major Product Offerings
  7.3.4 Accenture InsureTech Service Revenue in Global Market (2017-2022)
  7.3.5 Accenture Key News
7.4 Duck Creek Technologies
  7.4.1 Duck Creek Technologies Corporate Summary
  7.4.2 Duck Creek Technologies Business Overview
  7.4.3 Duck Creek Technologies InsureTech Service Major Product Offerings
  7.4.4 Duck Creek Technologies InsureTech Service Revenue in Global Market (2017-2022)
  7.4.5 Duck Creek Technologies Key News
7.5 ClaimVantage
  7.5.1 ClaimVantage Corporate Summary
  7.5.2 ClaimVantage Business Overview
  7.5.3 ClaimVantage InsureTech Service Major Product Offerings
  7.5.4 ClaimVantage InsureTech Service Revenue in Global Market (2017-2022)
  7.5.5 ClaimVantage Key News
7.6 Cognizant
  7.6.1 Cognizant Corporate Summary
  7.6.2 Cognizant Business Overview
  7.6.3 Cognizant InsureTech Service Major Product Offerings
  7.6.4 Cognizant InsureTech Service Revenue in Global Market (2017-2022)
  7.6.5 Cognizant Key News

8 CONCLUSION

9 APPENDIX

9.1 Note
9.2 Examples of Clients
9.3 Disclaimer

List Of Tables

LIST OF TABLES

Table 1. InsureTech Service Market Opportunities & Trends in Global Market
Table 2. InsureTech Service Market Drivers in Global Market
Table 3. InsureTech Service Market Restraints in Global Market
Table 4. Key Players of InsureTech Service in Global Market
Table 5. Top InsureTech Service Players in Global Market, Ranking by Revenue (2021)
Table 6. Global InsureTech Service Revenue by Companies, (US$, Mn), 2017-2022
Table 7. Global InsureTech Service Revenue Share by Companies, 2017-2022
Table 8. Global Companies InsureTech Service Product Type
Table 9. List of Global Tier 1 InsureTech Service Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 10. List of Global Tier 2 and Tier 3 InsureTech Service Companies, Revenue (US$, Mn) in 2021 and Market Share
Table 11. By Type – Global InsureTech Service Revenue, (US$, Mn), 2021 & 2028
Table 12. By Type - InsureTech Service Revenue in Global (US$, Mn), 2017-2022
Table 13. By Type - InsureTech Service Revenue in Global (US$, Mn), 2023-2028
Table 14. By Application – Global InsureTech Service Revenue, (US$, Mn), 2021 & 2028
Table 15. By Application - InsureTech Service Revenue in Global (US$, Mn), 2017-2022
Table 16. By Application - InsureTech Service Revenue in Global (US$, Mn), 2023-2028
Table 17. By Region – Global InsureTech Service Revenue, (US$, Mn), 2021 & 2028
Table 18. By Region - Global InsureTech Service Revenue (US$, Mn), 2017-2022
Table 19. By Region - Global InsureTech Service Revenue (US$, Mn), 2023-2028
Table 20. By Country - North America InsureTech Service Revenue, (US$, Mn), 2017-2022
Table 21. By Country - North America InsureTech Service Revenue, (US$, Mn), 2023-2028
Table 22. By Country - Europe InsureTech Service Revenue, (US$, Mn), 2017-2022
Table 23. By Country - Europe InsureTech Service Revenue, (US$, Mn), 2023-2028
Table 24. By Region - Asia InsureTech Service Revenue, (US$, Mn), 2017-2022
Table 25. By Region - Asia InsureTech Service Revenue, (US$, Mn), 2023-2028
Table 26. By Country - South America InsureTech Service Revenue, (US$, Mn), 2017-2022
Table 27. By Country - South America InsureTech Service Revenue, (US$, Mn), 2023-2028
Table 28. By Country - Middle East & Africa InsureTech Service Revenue, (US$, Mn), 2017-2022
Table 29. By Country - Middle East & Africa InsureTech Service Revenue, (US$, Mn), 2023-2028
Table 30. 3i Infotech Corporate Summary
Table 31. 3i Infotech InsureTech Service Product Offerings
Table 32. 3i Infotech InsureTech Service Revenue (US$, Mn), (2017-2022)
Table 33. DXC Technology Company Corporate Summary
Table 34. DXC Technology Company InsureTech Service Product Offerings
Table 35. DXC Technology Company InsureTech Service Revenue (US$, Mn), (2017-2022)
Table 36. Accenture Corporate Summary
Table 37. Accenture InsureTech Service Product Offerings
Table 38. Accenture InsureTech Service Revenue (US$, Mn), (2017-2022)
Table 39. Duck Creek Technologies Corporate Summary
Table 40. Duck Creek Technologies InsureTech Service Product Offerings
Table 41. Duck Creek Technologies InsureTech Service Revenue (US$, Mn), (2017-2022)
Table 42. ClaimVantage Corporate Summary
Table 43. ClaimVantage InsureTech Service Product Offerings
Table 44. ClaimVantage InsureTech Service Revenue (US$, Mn), (2017-2022)
Table 45. Cognizant Corporate Summary
Table 46. Cognizant InsureTech Service Product Offerings
Table 47. Cognizant InsureTech Service Revenue (US$, Mn), (2017-2022)

List Of Figures

LIST OF FIGURES

Figure 1. InsureTech Service Segment by Type in 2021
Figure 2. InsureTech Service Segment by Application in 2021
Figure 3. Global InsureTech Service Market Overview: 2021
Figure 4. Key Caveats
Figure 5. Global InsureTech Service Market Size: 2021 VS 2028 (US$, Mn)
Figure 6. Global InsureTech Service Revenue, 2017-2028 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by InsureTech Service Revenue in 2021
Figure 8. By Type - Global InsureTech Service Revenue Market Share, 2017-2028
Figure 9. By Application - Global InsureTech Service Revenue Market Share, 2017-2028
Figure 10. By Region - Global InsureTech Service Revenue Market Share, 2017-2028
Figure 11. By Country - North America InsureTech Service Revenue Market Share, 2017-2028
Figure 12. US InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 13. Canada InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 14. Mexico InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 15. By Country - Europe InsureTech Service Revenue Market Share, 2017-2028
Figure 16. Germany InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 17. France InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 18. U.K. InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 19. Italy InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 20. Russia InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 21. Nordic Countries InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 22. Benelux InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 23. By Region - Asia InsureTech Service Revenue Market Share, 2017-2028
Figure 24. China InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 25. Japan InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 26. South Korea InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 27. Southeast Asia InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 28. India InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 29. By Country - South America InsureTech Service Revenue Market Share, 2017-2028
Figure 30. Brazil InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 31. Argentina InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 32. By Country - Middle East & Africa InsureTech Service Revenue Market Share, 2017-2028
Figure 33. Turkey InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 34. Israel InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 35. Saudi Arabia InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 36. UAE InsureTech Service Revenue, (US$, Mn), 2017-2028
Figure 37. 3i Infotech InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 38. DXC Technology Company InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 39. Accenture InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 40. Duck Creek Technologies InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 41. ClaimVantage InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)
Figure 42. Cognizant InsureTech Service Revenue Year Over Year Growth (US$, Mn) & (2017-2022)