Global P&C Insurance Software Market Size, Status and Forecast 2021-2027
Property and Casualty Insurance (P&C Insurance) software is used by insurance agents and brokers to promote, sell, and administer insurance policies, including features such as claims management, marketing automation, and underwriting management.
P&C Insurance Software is mainly classified into the following types: Cloud-Based and On-Premise. On-Premise is the most widely used type which takes up about 55.69% of the global market in 2019.
P&C Insurance Software can be used in Claims, Underwriting, Operations and Others. And Operations is the most widely used area which takes up about 65.68% of the global total in 2019.
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Willis Tower Watson, Guidewire Software, Quadient, Duck Creek Technologies, Pegasystems, etc. are the key suppliers in the P&C Insurance Software market. Top 5 took up about 7% of the global market in 2019.
Market Analysis and Insights: Global P&C Insurance Software Market
The global P&C Insurance Software market size is projected to reach US$ 17300 million by 2027, from US$ 10470 million in 2020, at a CAGR of 7.4% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global P&C Insurance Software market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global P&C Insurance Software market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global P&C Insurance Software market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global P&C Insurance Software market.
Global P&C Insurance Software Scope and Market Size:
- P&C Insurance Software market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global P&C Insurance Software market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.
Segment by Type:
- Cloud-Based
- On-Premise
Segment by Application:
- Claims
- Underwriting
- Operations
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- U.K.
- Italy
- Russia
- Nordic
- Rest of Europe
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
By Company:
- Willis Tower Watson
- Insurance Systems
- PCMS
- ClarionDoor
- Quick Silver Systems
- Pegasystems
- Duck Creek Technologies
- Agency Software
- Sapiens
- InsuredMine
- Quadient
- Guidewire Software
- Zywave
Reasons to Purchase Our Research Report:
- Analyzing the outlook of the market with the recent trends and SWOT analysis
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
- Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
- Analyst support, along with the data support in excel format.
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Table of content
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global P&C Insurance Software Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Cloud-Based
1.2.3 On-Premise
1.3 Market by Application
1.3.1 Global P&C Insurance Software Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 Claims
1.3.3 Underwriting
1.3.4 Operations
1.3.5 Others
1.4 Study Objectives
1.5 Years Considered
2 Global Growth Trends
2.1 Global P&C Insurance Software Market Perspective (2016-2027)
2.2 P&C Insurance Software Growth Trends by Regions
2.2.1 P&C Insurance Software Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 P&C Insurance Software Historic Market Share by Regions (2016-2021)
2.2.3 P&C Insurance Software Forecasted Market Size by Regions (2022-2027)
2.3 P&C Insurance Software Industry Dynamic
2.3.1 P&C Insurance Software Market Trends
2.3.2 P&C Insurance Software Market Drivers
2.3.3 P&C Insurance Software Market Challenges
2.3.4 P&C Insurance Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top P&C Insurance Software Players by Revenue
3.1.1 Global Top P&C Insurance Software Players by Revenue (2016-2021)
3.1.2 Global P&C Insurance Software Revenue Market Share by Players (2016-2021)
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