P&C Insurance Software Industry Research Report 2023

P&C Insurance Software Industry Research Report 2023


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.

Highlights

The global P&C Insurance Software market is projected to reach US$ million by 2029 from an estimated US$ million in 2023, at a CAGR of % during 2024 and 2029.
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.
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.

Report Scope

This report aims to provide a comprehensive presentation of the global market for P&C Insurance Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding P&C Insurance Software.
The P&C Insurance Software market size, estimations, and forecasts are provided in terms of and revenue ($ millions), considering 2022 as the base year, with history and forecast data for the period from 2018 to 2029. This report segments the global P&C Insurance Software market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the P&C Insurance Software companies, new entrants, and industry chain related companies in this market with information on the revenues for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.

Key Companies & Market Share Insights

In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue by companies for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
Willis Tower Watson
Insurance Systems
PCMS
ClarionDoor
Quick Silver Systems
Pegasystems
Duck Creek Technologies
Agency Software
Sapiens
InsuredMine
Quadient
Guidewire Software
Zywave

Product Type Insights

Global markets are presented by P&C Insurance Software type, along with growth forecasts through 2029. Estimates on revenue are based on the price in the supply chain at which the P&C Insurance Software are procured by the companies.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows revenue data by type, and during the historical period (2018-2023) and forecast period (2024-2029).
P&C Insurance Software segment by Type
Cloud-Based
On-Premise

Application Insights

This report has provided the market size (revenue data) by application, during the historical period (2018-2023) and forecast period (2024-2029).
This report also outlines the market trends of each segment and consumer behaviors impacting the P&C Insurance Software market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the P&C Insurance Software market.
P&C Insurance Software Segment by Application
Claims
Underwriting
Operations
Others

Regional Outlook

This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue data of each region and country for the period 2018-2029.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2022 because of the base year, with estimates for 2023 and forecast revenue for 2029.
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
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

Key Drivers & Barriers

High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.

COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will understand how the P&C Insurance Software market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.

Reasons to Buy This Report

This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global P&C Insurance Software market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
This report will help stakeholders to understand the global industry status and trends of P&C Insurance Software and provides them with information on key market drivers, restraints, challenges, and opportunities.
This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
This report stays updated with novel technology integration, features, and the latest developments in the market
This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the P&C Insurance Software industry.
This report helps stakeholders to gain insights into which regions to target globally
This report helps stakeholders to gain insights into the end-user perception concerning the adoption of P&C Insurance Software.
This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.

Core Chapters

Chapter 1: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Provides the analysis of various market segments product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 6: Detailed analysis of P&C Insurance Software companies’ competitive landscape, revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 7, 8, 9, 10, 11: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.
Chapter 12: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 13: The main points and conclusions of the report.

Frequently Asked Questions

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1 Preface
1.1 Scope of Report
1.2 Reasons for Doing This Study
1.3 Research Methodology
1.4 Research Process
1.5 Data Source
1.5.1 Secondary Sources
1.5.2 Primary Sources
2 Market Overview
2.1 Product Definition
2.2 P&C Insurance Software by Type
2.2.1 Market Value Comparison by Type (2018 VS 2022 VS 2029)
1.2.2 Cloud-Based
1.2.3 On-Premise
2.3 P&C Insurance Software by Application
2.3.1 Market Value Comparison by Application (2018 VS 2022 VS 2029)
2.3.2 Claims
2.3.3 Underwriting
2.3.4 Operations
2.3.5 Others
2.4 Assumptions and Limitations
3 P&C Insurance Software Breakdown Data by Type
3.1 Global P&C Insurance Software Historic Market Size by Type (2018-2023)
3.2 Global P&C Insurance Software Forecasted Market Size by Type (2023-2028)
4 P&C Insurance Software Breakdown Data by Application
4.1 Global P&C Insurance Software Historic Market Size by Application (2018-2023)
4.2 Global P&C Insurance Software Forecasted Market Size by Application (2018-2023)
5 Global Growth Trends
5.1 Global P&C Insurance Software Market Perspective (2018-2029)
5.2 Global P&C Insurance Software Growth Trends by Region
5.2.1 Global P&C Insurance Software Market Size by Region: 2018 VS 2022 VS 2029
5.2.2 P&C Insurance Software Historic Market Size by Region (2018-2023)
5.2.3 P&C Insurance Software Forecasted Market Size by Region (2024-2029)
5.3 P&C Insurance Software Market Dynamics
5.3.1 P&C Insurance Software Industry Trends
5.3.2 P&C Insurance Software Market Drivers
5.3.3 P&C Insurance Software Market Challenges
5.3.4 P&C Insurance Software Market Restraints
6 Market Competitive Landscape by Players
6.1 Global Top P&C Insurance Software Players by Revenue
6.1.1 Global Top P&C Insurance Software Players by Revenue (2018-2023)
6.1.2 Global P&C Insurance Software Revenue Market Share by Players (2018-2023)
6.2 Global P&C Insurance Software Industry Players Ranking, 2021 VS 2022 VS 2023
6.3 Global Key Players of P&C Insurance Software Head office and Area Served
6.4 Global P&C Insurance Software Players, Product Type & Application
6.5 Global P&C Insurance Software Players, Date of Enter into This Industry
6.6 Global P&C Insurance Software Market CR5 and HHI
6.7 Global Players Mergers & Acquisition
7 North America
7.1 North America P&C Insurance Software Market Size (2018-2029)
7.2 North America P&C Insurance Software Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 North America P&C Insurance Software Market Size by Country (2018-2023)
7.4 North America P&C Insurance Software Market Size by Country (2024-2029)
7.5 United States
7.6 Canada
8 Europe
8.1 Europe P&C Insurance Software Market Size (2018-2029)
8.2 Europe P&C Insurance Software Market Growth Rate by Country: 2018 VS 2022 VS 2029
8.3 Europe P&C Insurance Software Market Size by Country (2018-2023)
8.4 Europe P&C Insurance Software Market Size by Country (2024-2029)
7.4 Germany
7.5 France
7.6 U.K.
7.7 Italy
7.8 Russia
7.9 Nordic Countries
9 Asia-Pacific
9.1 Asia-Pacific P&C Insurance Software Market Size (2018-2029)
9.2 Asia-Pacific P&C Insurance Software Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Asia-Pacific P&C Insurance Software Market Size by Country (2018-2023)
9.4 Asia-Pacific P&C Insurance Software Market Size by Country (2024-2029)
8.4 China
8.5 Japan
8.6 South Korea
8.7 Southeast Asia
8.8 India
8.9 Australia
10 Latin America
10.1 Latin America P&C Insurance Software Market Size (2018-2029)
10.2 Latin America P&C Insurance Software Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Latin America P&C Insurance Software Market Size by Country (2018-2023)
10.4 Latin America P&C Insurance Software Market Size by Country (2024-2029)
9.4 Mexico
9.5 Brazil
11 Middle East & Africa
11.1 Middle East & Africa P&C Insurance Software Market Size (2018-2029)
11.2 Middle East & Africa P&C Insurance Software Market Growth Rate by Country: 2018 VS 2022 VS 2029
11.3 Middle East & Africa P&C Insurance Software Market Size by Country (2018-2023)
11.4 Middle East & Africa P&C Insurance Software Market Size by Country (2024-2029)
10.4 Turkey
10.5 Saudi Arabia
10.6 UAE
12 Players Profiled
11.1 Willis Tower Watson
11.1.1 Willis Tower Watson Company Detail
11.1.2 Willis Tower Watson Business Overview
11.1.3 Willis Tower Watson P&C Insurance Software Introduction
11.1.4 Willis Tower Watson Revenue in P&C Insurance Software Business (2017-2022)
11.1.5 Willis Tower Watson Recent Development
11.2 Insurance Systems
11.2.1 Insurance Systems Company Detail
11.2.2 Insurance Systems Business Overview
11.2.3 Insurance Systems P&C Insurance Software Introduction
11.2.4 Insurance Systems Revenue in P&C Insurance Software Business (2017-2022)
11.2.5 Insurance Systems Recent Development
11.3 PCMS
11.3.1 PCMS Company Detail
11.3.2 PCMS Business Overview
11.3.3 PCMS P&C Insurance Software Introduction
11.3.4 PCMS Revenue in P&C Insurance Software Business (2017-2022)
11.3.5 PCMS Recent Development
11.4 ClarionDoor
11.4.1 ClarionDoor Company Detail
11.4.2 ClarionDoor Business Overview
11.4.3 ClarionDoor P&C Insurance Software Introduction
11.4.4 ClarionDoor Revenue in P&C Insurance Software Business (2017-2022)
11.4.5 ClarionDoor Recent Development
11.5 Quick Silver Systems
11.5.1 Quick Silver Systems Company Detail
11.5.2 Quick Silver Systems Business Overview
11.5.3 Quick Silver Systems P&C Insurance Software Introduction
11.5.4 Quick Silver Systems Revenue in P&C Insurance Software Business (2017-2022)
11.5.5 Quick Silver Systems Recent Development
11.6 Pegasystems
11.6.1 Pegasystems Company Detail
11.6.2 Pegasystems Business Overview
11.6.3 Pegasystems P&C Insurance Software Introduction
11.6.4 Pegasystems Revenue in P&C Insurance Software Business (2017-2022)
11.6.5 Pegasystems Recent Development
11.7 Duck Creek Technologies
11.7.1 Duck Creek Technologies Company Detail
11.7.2 Duck Creek Technologies Business Overview
11.7.3 Duck Creek Technologies P&C Insurance Software Introduction
11.7.4 Duck Creek Technologies Revenue in P&C Insurance Software Business (2017-2022)
11.7.5 Duck Creek Technologies Recent Development
11.8 Agency Software
11.8.1 Agency Software Company Detail
11.8.2 Agency Software Business Overview
11.8.3 Agency Software P&C Insurance Software Introduction
11.8.4 Agency Software Revenue in P&C Insurance Software Business (2017-2022)
11.8.5 Agency Software Recent Development
11.9 Sapiens
11.9.1 Sapiens Company Detail
11.9.2 Sapiens Business Overview
11.9.3 Sapiens P&C Insurance Software Introduction
11.9.4 Sapiens Revenue in P&C Insurance Software Business (2017-2022)
11.9.5 Sapiens Recent Development
11.10 InsuredMine
11.10.1 InsuredMine Company Detail
11.10.2 InsuredMine Business Overview
11.10.3 InsuredMine P&C Insurance Software Introduction
11.10.4 InsuredMine Revenue in P&C Insurance Software Business (2017-2022)
11.10.5 InsuredMine Recent Development
11.11 Quadient
11.11.1 Quadient Company Detail
11.11.2 Quadient Business Overview
11.11.3 Quadient P&C Insurance Software Introduction
11.11.4 Quadient Revenue in P&C Insurance Software Business (2017-2022)
11.11.5 Quadient Recent Development
11.12 Guidewire Software
11.12.1 Guidewire Software Company Detail
11.12.2 Guidewire Software Business Overview
11.12.3 Guidewire Software P&C Insurance Software Introduction
11.12.4 Guidewire Software Revenue in P&C Insurance Software Business (2017-2022)
11.12.5 Guidewire Software Recent Development
11.13 Zywave
11.13.1 Zywave Company Detail
11.13.2 Zywave Business Overview
11.13.3 Zywave P&C Insurance Software Introduction
11.13.4 Zywave Revenue in P&C Insurance Software Business (2017-2022)
11.13.5 Zywave Recent Development
13 Report Conclusion
14 Disclaimer

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