This report studies the Insurance Analytics market, covering market size for segment by type (Claim Management, Risk Management, etc.), by application (Insurance Companies, Government Agencies, etc.), by sales channel (Direct Channel, Distribution Channel), by player (IBM, Microsoft, Oracle, SAP, Salesforce, etc.) and by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
This report provides detailed historical analysis of global market for Insurance Analytics from 2017-2022, and provides extensive market forecasts from 2023-2031 by region/country and subsectors. It covers the sales/revenue/value, gross margin, historical growth and future perspectives in the Insurance Analytics market.
The research methodology used to estimate and forecast this market begins by capturing the revenues of the key players and their shares in the market. Various secondary sources such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, have been used to identify and collect information useful for this extensive commercial study of the market. Calculations based on this led to the overall market size. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with industry experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
Leading players of Insurance Analytics including:
IBM
Microsoft
Oracle
SAP
Salesforce
SAS Institute
OpenText
Verisk Analytics
Tableau Software
Pegasystems
Hexaware
Guidewire
MicroStrategy
Sapiens International
LexisNexis
Palantir
TIBCO Software
Applied Systems
Birst
BOARD International
Mitchell International
QlikTech
Vertafore
PrADS
BRIDGEi2i
Market split by Type, can be divided into:
Claim Management
Risk Management
Process Optimization
Customer Management & Personalization
Others
Market split by Application, can be divided into:
Insurance Companies
Government Agencies
Third-party Administrators, Brokers, & Consultancies
Market split by Sales Channel, can be divided into:
Direct Channel
Distribution Channel
Market segment by Region/Country including:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Spain etc.)
Asia-Pacific (China, Japan, Korea, India, Australia and Southeast Asia etc.)
South America (Brazil, Argentina and Colombia etc.)
Middle East & Africa (South Africa, UAE and Saudi Arabia etc.)
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Chapter 1 Insurance Analytics Market Overview
1.1 Insurance Analytics Definition
1.2 Global Insurance Analytics Market Size Status and Outlook (2017-2031)
1.3 Global Insurance Analytics Market Size Comparison by Region (2017-2031)
1.4 Global Insurance Analytics Market Size Comparison by Type (2017-2031)
1.5 Global Insurance Analytics Market Size Comparison by Application (2017-2031)
1.6 Global Insurance Analytics Market Size Comparison by Sales Channel (2017-2031)
1.7 Insurance Analytics Market Dynamics
1.7.1 Market Drivers/Opportunities
1.7.2 Market Challenges/Risks
1.7.3 Market News (Mergers/Acquisitions/Expansion)
1.7.4 COVID-19 Impacts
1.7.5 Russia-Ukraine War Impacts
Chapter 2 Insurance Analytics Market Segment Analysis by Player
2.1 Global Insurance Analytics Sales and Market Share by Player (2020-2022)
2.2 Global Insurance Analytics Revenue and Market Share by Player (2020-2022)
2.3 Global Insurance Analytics Average Price by Player (2020-2022)
2.4 Players Competition Situation & Trends
2.5 Conclusion of Segment by Player
Chapter 3 Insurance Analytics Market Segment Analysis by Type
3.1 Global Insurance Analytics Market by Type
3.1.1 Claim Management
3.1.2 Risk Management
3.1.3 Process Optimization
3.1.4 Customer Management & Personalization
3.1.5 Others
3.2 Global Insurance Analytics Sales and Market Share by Type (2017-2022)
3.3 Global Insurance Analytics Revenue and Market Share by Type (2017-2022)
3.4 Global Insurance Analytics Average Price by Type (2017-2022)
3.5 Leading Players of Insurance Analytics by Type in 2022
3.6 Conclusion of Segment by Type
Chapter 4 Insurance Analytics Market Segment Analysis by Application
4.1 Global Insurance Analytics Market by Application
4.1.1 Insurance Companies
4.1.2 Government Agencies
4.1.3 Third-party Administrators, Brokers, & Consultancies
4.2 Global Insurance Analytics Revenue and Market Share by Application (2017-2022)
4.3 Leading Consumers of Insurance Analytics by Application in 2022
4.4 Conclusion of Segment by Application
Chapter 5 Insurance Analytics Market Segment Analysis by Sales Channel
5.1 Global Insurance Analytics Market by Sales Channel
5.1.1 Direct Channel
5.1.2 Distribution Channel
5.2 Global Insurance Analytics Revenue and Market Share by Sales Channel (2017-2022)
5.3 Leading Distributors/Dealers of Insurance Analytics by Sales Channel in 2022
5.4 Conclusion of Segment by Sales Channel
Chapter 6 Insurance Analytics Market Segment Analysis by Region
6.1 Global Insurance Analytics Market Size and CAGR by Region (2017-2031)
6.2 Global Insurance Analytics Sales and Market Share by Region (2017-2022)
6.3 Global Insurance Analytics Revenue and Market Share by Region (2017-2022)
6.4 North America
6.4.1 North America Market by Country
6.4.2 North America Insurance Analytics Market Share by Type
6.4.3 North America Insurance Analytics Market Share by Application
6.4.4 United States
6.4.5 Canada
6.4.6 Mexico
6.5 Europe
6.5.1 Europe Market by Country
6.5.2 Europe Insurance Analytics Market Share by Type
6.5.3 Europe Insurance Analytics Market Share by Application
6.5.4 Germany
6.5.5 UK
6.5.6 France
6.5.7 Italy
6.5.8 Russia
6.5.9 Spain
6.6 Asia-Pacific
6.6.1 Asia-Pacific Market by Country
6.6.2 Asia-Pacific Insurance Analytics Market Share by Type
6.6.3 Asia-Pacific Insurance Analytics Market Share by Application
6.6.4 China
6.6.5 Japan
6.6.6 Korea
6.6.7 India
6.6.8 Southeast Asia
6.6.9 Australia
6.7 South America
6.7.1 South America Market by Country
6.7.2 South America Insurance Analytics Market Share by Type
6.7.3 South America Insurance Analytics Market Share by Application
6.7.4 Brazil
6.7.5 Argentina
6.7.6 Colombia
6.8 Middle East & Africa
6.8.1 Middle East & Africa Market by Country
6.8.2 Middle East & Africa Insurance Analytics Market Share by Type
6.8.3 Middle East & Africa Insurance Analytics Market Share by Application
6.8.4 UAE
6.8.5 Saudi Arabia
6.8.6 South Africa
6.9 Conclusion of Segment by Region
Chapter 7 Profile of Leading Insurance Analytics Players
7.1 IBM
7.1.1 Company Snapshot
7.1.2 Product/Service Offered
7.1.3 Business Performance (Sales, Price, Revenue, Gross Margin and Market Share)
7.2 Microsoft
7.3 Oracle
7.4 SAP
7.5 Salesforce
7.6 SAS Institute
7.7 OpenText
7.8 Verisk Analytics
7.9 Tableau Software
7.10 Pegasystems
7.11 Hexaware
7.12 Guidewire
7.13 MicroStrategy
7.14 Sapiens International
7.15 LexisNexis
7.16 Palantir
7.17 TIBCO Software
7.18 Applied Systems
7.19 Birst
7.20 BOARD International
7.21 Mitchell International
7.22 QlikTech
7.23 Vertafore
7.24 PrADS
7.25 BRIDGEi2i
Chapter 8 Upstream and Downstream Analysis of Insurance Analytics
8.1 Industrial Chain of Insurance Analytics
8.2 Upstream of Insurance Analytics
8.3 Downstream of Insurance Analytics
Chapter 9 Development Trend of Insurance Analytics (2023-2031)
9.1 Global Insurance Analytics Market Size (Sales and Revenue) Forecast (2023-2031)
9.2 Global Insurance Analytics Market Size and CAGR Forecast by Region (2023-2031)
9.3 Global Insurance Analytics Market Size and CAGR Forecast by Type (2023-2031)
9.4 Global Insurance Analytics Market Size and CAGR Forecast by Application (2023-2031)
9.5 Global Insurance Analytics Market Size and CAGR Forecast by Sales Channel (2023-2031)
Chapter 10 Appendix
10.1 Research Methodology
10.2 Data Sources
10.3 Disclaimer
10.4 Analysts Certification
List of Tables and Figures
Figure Insurance Analytics Example
Figure Global Insurance Analytics Revenue (Million $) Status and Outlook (2017-2031)
Figure Global Insurance Analytics Revenue (Million $) Comparison by Region (2017-2031)
Figure Global Insurance Analytics Revenue (Million $) Comparison by Type (2017-2031)
Figure Global Insurance Analytics Revenue (Million $) Comparison by Application (2017-2031)
Figure Global Insurance Analytics Revenue (Million $) Comparison by Sales Channel (2017-2031)
Table Global Insurance Analytics Sales by Player (2020-2022)
Table Global Insurance Analytics Sales Market Share by Player (2020-2022)
Figure Global Insurance Analytics Sales Market Share by Player in 2022
Table Global Insurance Analytics Revenue (Million $) by Player (2020-2022)
Table Global Insurance Analytics Revenue Market Share by Player (2020-2022)
Figure Global Insurance Analytics Revenue Market Share by Player in 2022
Table Global Insurance Analytics Average Price by Player (2020-2022)
Figure Global Insurance Analytics Average Price by Player in 2022
Figure Global Insurance Analytics Players Competition Situation – Top 5 Players’ Revenue Market Share in 2020
Figure Global Insurance Analytics Players Competition Trends – Top 5 Players’ Revenue Market Share in 2022
Figure Example of Claim Management
Figure Global Claim Management Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Risk Management
Figure Global Risk Management Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Process Optimization
Figure Global Process Optimization Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Customer Management & Personalization
Figure Global Customer Management & Personalization Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Others
Figure Global Others Revenue (Million $) and Growth Rate (2017-2022)
Table Global Insurance Analytics Sales by Type (2017-2022)
Table Global Insurance Analytics Sales Market Share by Type (2017-2022)
Figure Global Insurance Analytics Sales Market Share by Type in 2022
Table Global Insurance Analytics Revenue (Million $) by Type (2017-2022)
Table Global Insurance Analytics Revenue Market Share by Type (2017-2022)
Figure Global Insurance Analytics Revenue Market Share by Type in 2022
Table Global Insurance Analytics Average Price by Type (2017-2022)
Figure Global Insurance Analytics Average Price by Type in 2022
Table Leading Players of Insurance Analytics by Type in 2022
Figure Example of Insurance Companies
Figure Global Insurance Analytics for Insurance Companies Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Government Agencies
Figure Global Insurance Analytics for Government Agencies Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Third-party Administrators, Brokers, & Consultancies
Figure Global Insurance Analytics for Third-party Administrators, Brokers, & Consultancies Revenue (Million $) and Growth Rate (2017-2022)
Table Global Insurance Analytics Sales by Application (2017-2022)
Table Global Insurance Analytics Sales Market Share by Application (2017-2022)
Figure Global Insurance Analytics Sales Market Share by Application in 2022
Table Leading Consumers of Insurance Analytics by Application in 2022
Figure Example of Direct Channel
Figure Global Insurance Analytics for Direct Channel Revenue (Million $) and Growth Rate (2017-2022)
Figure Example of Distribution Channel
Figure Global Insurance Analytics for Distribution Channel Revenue (Million $) and Growth Rate (2017-2022)
Table Global Insurance Analytics Revenue by Sales Channel (2017-2022)
Table Global Insurance Analytics Revenue Market Share by Sales Channel (2017-2022)
Figure Global Insurance Analytics Revenue Market Share by Sales Channel in 2022
Table Leading Distributors/Dealers of Insurance Analytics by Sales Channel in 2022
Table Global Insurance Analytics Market Size and CAGR by Region (2017-2031)
Table Global Insurance Analytics Sales by Region (2017-2022)
Table Global Insurance Analytics Sales Market Share by Region (2017-2022)
Figure Global Insurance Analytics Sales Market Share by Region in 2022
Table Global Insurance Analytics Revenue (Million $) by Region (2017-2022)
Table Global Insurance Analytics Revenue Market Share by Region (2017-2022)
Figure Global Insurance Analytics Revenue Market Share by Region in 2022
Table North America Insurance Analytics Sales by Country (2017-2022)
Figure North America Insurance Analytics Sales Market Share by Country (2017-2022)
Table North America Insurance Analytics Revenue by Country (2017-2022)
Figure North America Insurance Analytics Revenue Market Share by Country (2017-2022)
Figure North America Insurance Analytics Market Share by Type in 2022
Figure North America Insurance Analytics Market Share by Application in 2022
Figure United States Insurance Analytics Sales and Growth Rate (2017-2022)
Figure United States Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Canada Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Canada Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Mexico Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Mexico Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Table Europe Insurance Analytics Sales by Country (2017-2022)
Figure Europe Insurance Analytics Sales Market Share by Country (2017-2022)
Table Europe Insurance Analytics Revenue by Country (2017-2022)
Figure Europe Insurance Analytics Revenue Market Share by Country (2017-2022)
Figure Europe Insurance Analytics Market Share by Type in 2022
Figure Europe Insurance Analytics Market Share by Application in 2022
Figure Germany Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Germany Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure UK Insurance Analytics Sales and Growth Rate (2017-2022)
Figure UK Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure France Insurance Analytics Sales and Growth Rate (2017-2022)
Figure France Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Italy Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Italy Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Russia Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Russia Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Spain Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Spain Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Table Asia-Pacific Insurance Analytics Sales by Country (2017-2022)
Figure Asia-Pacific Insurance Analytics Sales Market Share by Country (2017-2022)
Table Asia-Pacific Insurance Analytics Revenue by Country (2017-2022)
Figure Asia-Pacific Insurance Analytics Revenue Market Share by Country (2017-2022)
Figure Asia-Pacific Insurance Analytics Market Share by Type in 2022
Figure Asia-Pacific Insurance Analytics Market Share by Application in 2022
Figure China Insurance Analytics Sales and Growth Rate (2017-2022)
Figure China Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Japan Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Japan Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Korea Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Korea Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure India Insurance Analytics Sales and Growth Rate (2017-2022)
Figure India Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Southeast Asia Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Southeast Asia Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Australia Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Australia Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Table South America Insurance Analytics Sales by Country (2017-2022)
Figure South America Insurance Analytics Sales Market Share by Country (2017-2022)
Table South America Insurance Analytics Revenue by Country (2017-2022)
Figure South America Insurance Analytics Revenue Market Share by Country (2017-2022)
Figure South America Insurance Analytics Market Share by Type in 2022
Figure South America Insurance Analytics Market Share by Application in 2022
Figure Brazil Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Brazil Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Argentina Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Argentina Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Colombia Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Colombia Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Table Middle East & Africa Insurance Analytics Sales by Country (2017-2022)
Figure Middle East & Africa Insurance Analytics Sales Market Share by Country (2017-2022)
Table Middle East & Africa Insurance Analytics Revenue by Country (2017-2022)
Figure Middle East & Africa Insurance Analytics Revenue Market Share by Country (2017-2022)
Figure Middle East & Africa Insurance Analytics Market Share by Type in 2022
Figure Middle East & Africa Insurance Analytics Market Share by Application in 2022
Figure UAE Insurance Analytics Sales and Growth Rate (2017-2022)
Figure UAE Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure Saudi Arabia Insurance Analytics Sales and Growth Rate (2017-2022)
Figure Saudi Arabia Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Figure South Africa Insurance Analytics Sales and Growth Rate (2017-2022)
Figure South Africa Insurance Analytics Revenue (Million $) and Growth Rate (2017-2022)
Table Company Snapshot of IBM
Table Insurance Analytics Introduction of IBM
Table Insurance Analytics Sales, Price, Revenue, Gross Margin and Market Share of IBM (2020-2022)
Table Industrial Chain of Insurance Analytics
Table Manufacturing Cost Structure of Insurance Analytics
Table General Manufacturing Process of Insurance Analytics
Table Leading Distributors/Dealers of Insurance Analytics
Table Leading Consumers of Insurance Analytics
Figure Global Insurance Analytics Sales and Growth Rate Forecast (2023-2031)
Figure Global Insurance Analytics Revenue and Growth Rate Forecast (2023-2031)
Table Global Insurance Analytics Market Size and CAGR Forecast by Region (2023-2031)
Table Global Insurance Analytics Market Size and CAGR Forecast by Type (2023-2031)
Table Global Insurance Analytics Market Size and CAGR Forecast by Application (2023-2031)
Table Global Insurance Analytics Market Size and CAGR Forecast by Sales Channel (2023-2031)
Methodology/Research Approach
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.Research Programs/Design
Historical Data (2015-2019) |
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Influencing Factors |
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Market Forecast (2021-2026) |
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Market Size Estimation
Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).
The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.
Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report
The following figure shows an illustrative representation of the overall market size estimation process used for this study.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.
Data Source
Secondary Sources
Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.
Market Size |
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Market Position of Top Company |
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Qualitative Analysis |
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Primary Sources
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.
Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.
Key Executives Interviewed
Key Data Information from Primary Sources
Primary Sources | Parameters | Key Data |
Market Segments(by Application, by Type) |
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Total Market |
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