Life Insurance Policy Administration Systems Market to Surpass CAGR12.0% by 2026

Posted by Shashii Pawar on December 26th, 2019

Persistence Market Research elucidates a comprehensive research of the ‘Life Insurance Policy Administration Systems Market’ that mentions valuable insights pertaining to market share, profitability graph, market size, SWOT analysis, and regional proliferation of this industry. This study incorporates an explanation of the key drivers and challenges, industry participants, and application segments, devised by analyzing key information about the global market space.

Report Description

This research report provides a detailed analysis of the life insurance policy administration system market and offers insights on the various factors. The market study also provides a comprehensive assessment of the stakeholder strategies and imperatives for succeeding in the business. The report segregates the life insurance policy administration system market based on component, deployment type, policy administration category, end-user and module across different regions globally.

Key players are introducing technologically advanced life insurance policy administration system tools for the maintenance and administration of policies. Regions such as Europe are witnessing a rapid change in their economy as well as a rural to urban shift.

Developing countries such as SEA and Japan are witnessing rapid urbanization and growth in disposable income. These changes are creating significant demand for the deployment of life insurance policy administration systems in numerous industry sectors such as insurance companies, banks and others, which is, in turn, expected to lead to an increase in the adoption of life insurance policy administration systems due to increasing applications and multiple benefits.

Key Segments Covered

  • Deployment type
    • SaaS
    • On-premise
  • Component type
    • Software
    • Services
      • Managed services
      • Professional services
  • Policy Administration Category
    • Policy Lifecycle
    • Underwriting
    • Contract changes
    • Claim Settlement
    • User experience
    • Others
  • End-user
    • Insurance companies
    • Banks
    • Others
  • Module
    • CRM
    • Product Development
    • Training & Development
    • Business Intelligence
    • Others

Key Regions Covered

  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • SEA and Other Asia Pacific
    • India
    • Australia & New Zealand
    • ASEAN
    • Rest of SEA & other APAC
  • China
  • Japan
  • Middle East & Africa
    • North Africa
    • South Africa
    • GCC
    • Turkey
    • Rest of Middle East & Africa

Key Players

  • Accenture Plc
  • Concentrix Corporation
  • Oracle Corporation
  • DXC Technology Company
  • InsPro Technologies LLC
  • EXL Service Holdings, Inc.
  • FAST Technology
  • Infosys Limited
  • Sapiens International Corporation
  • Majesco
  • Mphasis Wyde
  • Capgemini
  • Andesa Services

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Shashii Pawar

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Shashii Pawar
Joined: December 22nd, 2016
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