Published by news degree
Posted on August 4, 2021
11 min readLast updated: January 21, 2026
The global Digital Insurance Platform market is forecast to reach USD 262.34 Billion by 2026, according to a new report by Reports and Data. Digital Insurance platform is a tool or software that allows insurance companies to create, monitor, manage, and control the ecosystem of digital insurance. It helps and encourages companies to switch to the insurance process that is digitalized. These systems include claim management, policy implementation, regulatory filing, reinsurance management, and billing & premium accounting.
These platforms also provide a portal that offers customers easy and remote access to their databases. Many companies that offer digital insurance policies emphasize on delivering customized solutions along with end-to-end digital integration of business operations, application, and third-party services.
Moreover, companies are providing digital insurance as a service (DIaaS) as well, which includes primary insurance applications, infrastructure, and business process services in a single solution to clients. Digital Insurance as a Service (DIaaS) comprises of administration systems such as billing, claims, infrastructure, applications, and cybersecurity services.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1622
Key participants include
Accenture, SAP, IBM, Microsoft, Oracle, Infosys, Pegasystems, TCS, DXC Technology, and Mindtree, among others.
Further key findings from the report suggest
Managed services held a larger market share of 67.8% in the year 2018. The providers of managed services help the organization in increasing their productivity and ensure services without any hassle with efficient utilization of resources. Managed services also help organizations to formulate strategies to solve complex business problems.
Small and medium-sized enterprises (SMEs) grow with a higher CAGR of 13.7% during the forecast period. SMEs prefer cloud-based solutions instead of on-premises, and this is expected to grow over the forecast period. SMEs provide huge potential for growth in the digital insurance platform market.
Insurance companies are forecasted to grow with a CAGR of 13.7% during the forecast period. These companies are investing in the growth of the digital sector as they are not only cost-effective but also makes the whole process easier for the clients and them.
Cloud-based deployment type held the largest market share of 57.2% in the year 2018. Increasing understanding and awareness of the cloud has led companies to rely on cloud-based deployment more and more. It is a ‘gateway technology’ for the insurance companies to access other digital solutions. It is also a foundation for most of the insurance companies to introduce new functionalities to the marketplace.
Automotive and transportation insurance companies are rapidly adopting the latest technologies to deliver new products to meet the continuously changing demand of consumers. APAC is forecasted to grow with the highest CAGR of 14.2% during the forecast period.
The Asia Pacific region is forecasted to have the highest growth rate of 14.2% during the forecast period owing to the lucrative opportunities provided by the commercial investment in different industry verticals in the region. Rise of multinational companies is anticipated to explore the region by partnering and merging with local companies, technology partners, and channel partners.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1622
For this report, Reports and Data have segmented into the global Digital Insurance Platform market on the basis of resin type, composite phases, industry vertical, and region:
Services Outlook (Revenue, USD Billion; 2016-2026)
Managed Services
Professional Services
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium-Sized Enterprises
Large Enterprises
End-User Outlook (Revenue, USD Billion; 2016-2026)
Insurance Companies
Third-Party Administrators
Aggregators
Application Outlook (Revenue, USD Billion; 2016-2026)
Automotive and Transportation
Home and Commercial Buildings
Life and Health
Business and Enterprise
Consumer Electronics and Industrial Machines
Travel
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1622
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Cyber Situational Awareness (CSA) Market Size, Share & Analysis, By Component (Services, Solutions), By Solution Type (Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection & Response, Network Performance Monitoring & Diagnosis, Intrusion Detection System, Intrusion Prevention System, and Others), By Deployment Model, By Organization Size, By Industry Vertical (Military & Defense, Healthcare, Aerospace, Marine Security, Automotive, Mining and Oil & Gas, IT & Telecom, Government Agencies, BFSI, Energy & Utilities, and Others), And By Region Forecast To 2028
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About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Digital Insurance Platform Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2016–2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
The global Digital Insurance Platform market is forecast to reach USD 262.34 Billion by 2026, according to a new report by Reports and Data. Digital Insurance platform is a tool or software that allows insurance companies to create, monitor, manage, and control the ecosystem of digital insurance. It helps and encourages companies to switch to the insurance process that is digitalized. These systems include claim management, policy implementation, regulatory filing, reinsurance management, and billing & premium accounting.
These platforms also provide a portal that offers customers easy and remote access to their databases. Many companies that offer digital insurance policies emphasize on delivering customized solutions along with end-to-end digital integration of business operations, application, and third-party services.
Moreover, companies are providing digital insurance as a service (DIaaS) as well, which includes primary insurance applications, infrastructure, and business process services in a single solution to clients. Digital Insurance as a Service (DIaaS) comprises of administration systems such as billing, claims, infrastructure, applications, and cybersecurity services.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1622
Key participants include
Accenture, SAP, IBM, Microsoft, Oracle, Infosys, Pegasystems, TCS, DXC Technology, and Mindtree, among others.
Further key findings from the report suggest
Managed services held a larger market share of 67.8% in the year 2018. The providers of managed services help the organization in increasing their productivity and ensure services without any hassle with efficient utilization of resources. Managed services also help organizations to formulate strategies to solve complex business problems.
Small and medium-sized enterprises (SMEs) grow with a higher CAGR of 13.7% during the forecast period. SMEs prefer cloud-based solutions instead of on-premises, and this is expected to grow over the forecast period. SMEs provide huge potential for growth in the digital insurance platform market.
Insurance companies are forecasted to grow with a CAGR of 13.7% during the forecast period. These companies are investing in the growth of the digital sector as they are not only cost-effective but also makes the whole process easier for the clients and them.
Cloud-based deployment type held the largest market share of 57.2% in the year 2018. Increasing understanding and awareness of the cloud has led companies to rely on cloud-based deployment more and more. It is a ‘gateway technology’ for the insurance companies to access other digital solutions. It is also a foundation for most of the insurance companies to introduce new functionalities to the marketplace.
Automotive and transportation insurance companies are rapidly adopting the latest technologies to deliver new products to meet the continuously changing demand of consumers. APAC is forecasted to grow with the highest CAGR of 14.2% during the forecast period.
The Asia Pacific region is forecasted to have the highest growth rate of 14.2% during the forecast period owing to the lucrative opportunities provided by the commercial investment in different industry verticals in the region. Rise of multinational companies is anticipated to explore the region by partnering and merging with local companies, technology partners, and channel partners.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1622
For this report, Reports and Data have segmented into the global Digital Insurance Platform market on the basis of resin type, composite phases, industry vertical, and region:
Services Outlook (Revenue, USD Billion; 2016-2026)
Managed Services
Professional Services
Deployment Type Outlook (Revenue, USD Billion; 2016-2026)
Cloud
On-Premises
Organization Size Outlook (Revenue, USD Billion; 2016-2026)
Small and Medium-Sized Enterprises
Large Enterprises
End-User Outlook (Revenue, USD Billion; 2016-2026)
Insurance Companies
Third-Party Administrators
Aggregators
Application Outlook (Revenue, USD Billion; 2016-2026)
Automotive and Transportation
Home and Commercial Buildings
Life and Health
Business and Enterprise
Consumer Electronics and Industrial Machines
Travel
Others
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1622
Have a Look at Related Reports:
Situational Awareness Market Size, Share & Analysis, By Component (Sensors, GPS, Gyroscopes, Cameras, Display & Notification Devices, NVRs & DVRs, Other Components), By Products (Command & Control, Fire & Flood Alarm Systems, HMI, RFID Solutions, and others), By Application (Robots, Smart Infrastructure Management, CBRN Systems, Others), By Industry, And By Region, And Forecast To 2028
Cyber Situational Awareness (CSA) Market Size, Share & Analysis, By Component (Services, Solutions), By Solution Type (Network Forensics, Network Traffic Analysis, DNS Threat Analysis, Network Detection & Response, Network Performance Monitoring & Diagnosis, Intrusion Detection System, Intrusion Prevention System, and Others), By Deployment Model, By Organization Size, By Industry Vertical (Military & Defense, Healthcare, Aerospace, Marine Security, Automotive, Mining and Oil & Gas, IT & Telecom, Government Agencies, BFSI, Energy & Utilities, and Others), And By Region Forecast To 2028
Core Facility Management Software Market Size, Share & Analysis, By Offering (Solutions (IWMS, BIM, Facility Operations and Security Management, Facility Property Management), Services (Professional, Managed)), Deployment Type (Cloud, On-Premises), End-Use (BFSI, Healthcare, Education, Retail, Energy And Utilities, Manufacturing, Construction And Real Estate, Others) And Region Forecast To 2028
Environmental Monitoring Market Size, Share & Trends Analysis Report By Product, By Sampling Method (Active, Continuous), By Component (Temperature, Particulate Matter), By Application, And Segment Forecasts To 2028
Human Capital Management (HCM) Market Size, Share & Analysis, By Component (Software, Services), By Deployment Model (Cloud, On-premises), By Organization Size (Large Enterprises, Small and Medium-sized Enterprises), By Industry Vertical (BFSI, IT & Telecom, Manufacturing, Retail, Healthcare, Others), And By Region, Forecast To 2027
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John W
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
The post Digital Insurance Platform Market Size, Strategies, Competitive Landscape, Trends & Factor Analysis, 2016–2026 first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.
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