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Europe Claims Management Market Size, Share & Trends Analysis Report By Enterprise Type, By Deployment Mode (Cloud, and On-premise), By Technology, By End-user, By Type, By Country and Growth Forecast, 2024 - 2031

Publisher Knowledge Based Value (KBV) Research
Published Dec 06, 2024
Length 146 Pages
SKU # KBV19421987

Description

Europe Claims Management Market Size, Share & Trends Analysis Report By Enterprise Type, By Deployment Mode (Cloud, and On-premise), By Technology, By End-user, By Type, By Country and Growth Forecast, 2024 - 2031


The Europe Claims Management Market would witness market growth of 12.9% CAGR during the forecast period (2024-2031).

The Germany market dominated the Europe Claims Management Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $783.9 million by 2031. The UK market is exhibiting a CAGR of 12.2% during (2024 - 2031). Additionally, The France market would experience a CAGR of 13.8% during (2024 - 2031).

The insurance industry is rapidly transforming as digital technologies reshape how claims are processed. Historically, claims management involved labor-intensive, manual processes prone to errors and inefficiencies. However, the integration of advanced technologies like artificial intelligence (AI), machine learning (ML), robotic process automation (RPA), and Blockchain has revolutionized the sector. These technologies enable insurers to automate repetitive tasks, detect fraud, and optimize decision-making.

Additionally, AI-powered chatbots are increasingly used to provide real-time assistance to policyholders, guiding them through the claims process, answering queries, and ensuring all required information is captured accurately. This accelerates the settlement process and enhances the overall customer experience.

The claims management market in Germany is significantly influenced by the country's position as a preeminent leader in the automotive sector. The rise in vehicle ownership and the adoption of autonomous and connected cars have increased the complexity of motor insurance claims. Insurers like Allianz and Munich Re use artificial intelligence (AI) and Internet of Things (IoT) technology to assess accident data and process claims faster. Additionally, Germany’s insurance sector is characterized by a strong emphasis on fraud detection and prevention, with advanced analytics tools employed to identify anomalies in claims data. These innovations ensure efficient handling of claims while maintaining customer trust.

Based on Enterprise Type, the market is segmented into Large Enterprises, and Small & Medium Enterprises (SMEs). Based on Deployment Mode, the market is segmented into Cloud, and On-premise. Based on Technology, the market is segmented into Internet of Things (IoT), Blockchain, Robotic Process Automation (RPA), and AI & ML & Other Technologies. Based on End-user, the market is segmented into Insurance Companies, Healthcare Providers, Third-party Administrators (TPAs), Government Agencies, and Other End-users. Based on Type, the market is segmented into Life Insurance Claims, Property & Casualty Insurance Claims, Health Insurance Claims, Worker’s Compensation Claims, Disability Insurance Claims, and Other Types. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.

List of Key Companies Profiled
  • Salesforce, Inc.
  • Conduent, Inc.
  • Aclaimant, Inc.
  • UnitedHealth Group, Inc. (Optum, Inc.)
  • Accenture PLC
  • IBM Corporation
  • PLEXIS Healthcare Systems, Inc.
  • Oracle Corporation
  • McKesson Corporation
  • DXC Technology Company
Europe Claims Management Market Report Segmentation

By Enterprise Type
  • Large Enterprises
  • Small & Medium Enterprises (SMEs)
By Deployment Mode
  • Cloud
  • On-premise
By Technology
  • Internet of Things (IoT)
  • Blockchain
  • Robotic Process Automation (RPA)
  • AI & ML & Other Technologies
By End-user
  • Insurance Companies
  • Healthcare Providers
  • Third-party Administrators (TPAs)
  • Government Agencies
  • Other End-users
By Type
  • Life Insurance Claims
  • Property & Casualty Insurance Claims
  • Health Insurance Claims
  • Worker’s Compensation Claims
  • Disability Insurance Claims
  • Other Types
By Country
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe

Table of Contents

146 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Claims Management Market, by Enterprise Type
1.4.2 Europe Claims Management Market, by Deployment Mode
1.4.3 Europe Claims Management Market, by Technology
1.4.4 Europe Claims Management Market, by End-user
1.4.5 Europe Claims Management Market, by Type
1.4.6 Europe Claims Management Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter Five Forces Analysis
Chapter 4. Europe Claims Management Market by Enterprise Type
4.1 Europe Large Enterprises Market by Country
4.2 Europe Small & Medium Enterprises (SMEs) Market by Country
Chapter 5. Europe Claims Management Market by Deployment Mode
5.1 Europe Cloud Market by Country
5.2 Europe On-premise Market by Country
Chapter 6. Europe Claims Management Market by Technology
6.1 Europe Internet of Things (IoT) Market by Country
6.2 Europe Blockchain Market by Country
6.3 Europe Robotic Process Automation (RPA) Market by Country
6.4 Europe AI & ML & Other Technologies Market by Country
Chapter 7. Europe Claims Management Market by End-user
7.1 Europe Insurance Companies Market by Country
7.2 Europe Healthcare Providers Market by Country
7.3 Europe Third-party Administrators (TPAs) Market by Country
7.4 Europe Government Agencies Market by Country
7.5 Europe Other End-users Market by Country
Chapter 8. Europe Claims Management Market by Type
8.1 Europe Life Insurance Claims Market by Country
8.2 Europe Property & Casualty Insurance Claims Market by Country
8.3 Europe Health Insurance Claims Market by Country
8.4 Europe Worker’s Compensation Claims Market by Country
8.5 Europe Disability Insurance Claims Market by Country
8.6 Europe Other Types Market by Country
Chapter 9. Europe Claims Management Market by Country
9.1 Germany Claims Management Market
9.1.1 Germany Claims Management Market by Enterprise Type
9.1.2 Germany Claims Management Market by Deployment Mode
9.1.3 Germany Claims Management Market by Technology
9.1.4 Germany Claims Management Market by End-user
9.1.5 Germany Claims Management Market by Type
9.2 UK Claims Management Market
9.2.1 UK Claims Management Market by Enterprise Type
9.2.2 UK Claims Management Market by Deployment Mode
9.2.3 UK Claims Management Market by Technology
9.2.4 UK Claims Management Market by End-user
9.2.5 UK Claims Management Market by Type
9.3 France Claims Management Market
9.3.1 France Claims Management Market by Enterprise Type
9.3.2 France Claims Management Market by Deployment Mode
9.3.3 France Claims Management Market by Technology
9.3.4 France Claims Management Market by End-user
9.3.5 France Claims Management Market by Type
9.4 Russia Claims Management Market
9.4.1 Russia Claims Management Market by Enterprise Type
9.4.2 Russia Claims Management Market by Deployment Mode
9.4.3 Russia Claims Management Market by Technology
9.4.4 Russia Claims Management Market by End-user
9.4.5 Russia Claims Management Market by Type
9.5 Spain Claims Management Market
9.5.1 Spain Claims Management Market by Enterprise Type
9.5.2 Spain Claims Management Market by Deployment Mode
9.5.3 Spain Claims Management Market by Technology
9.5.4 Spain Claims Management Market by End-user
9.5.5 Spain Claims Management Market by Type
9.6 Italy Claims Management Market
9.6.1 Italy Claims Management Market by Enterprise Type
9.6.2 Italy Claims Management Market by Deployment Mode
9.6.3 Italy Claims Management Market by Technology
9.6.4 Italy Claims Management Market by End-user
9.6.5 Italy Claims Management Market by Type
9.7 Rest of Europe Claims Management Market
9.7.1 Rest of Europe Claims Management Market by Enterprise Type
9.7.2 Rest of Europe Claims Management Market by Deployment Mode
9.7.3 Rest of Europe Claims Management Market by Technology
9.7.4 Rest of Europe Claims Management Market by End-user
9.7.5 Rest of Europe Claims Management Market by Type
Chapter 10. Company Profiles
10.1 Salesforce, Inc.
10.1.1 Company Overview
10.1.2 Financial Analysis
10.1.3 Regional Analysis
10.1.4 Research & Development Expenses
10.1.5 SWOT Analysis
10.2 Conduent, Incorporated
10.2.1 Company Overview
10.2.2 Financial Analysis
10.2.3 Segmental and Regional Analysis
10.2.4 Research & Development Expense
10.3 Aclaimant, Inc.
10.3.1 Company Overview
10.4 UnitedHealth Group, Inc. (Optum, Inc.)
10.4.1 Company Overview
10.4.2 Financial Analysis
10.4.3 Segmental Analysis
10.5 Accenture PLC
10.5.1 Company Overview
10.5.2 Financial Analysis
10.5.3 Segmental Analysis
10.5.4 Research & Development Expenses
10.5.5 SWOT Analysis
10.6 IBM Corporation
10.6.1 Company Overview
10.6.2 Financial Analysis
10.6.3 Regional & Segmental Analysis
10.6.4 Research & Development Expenses
10.6.5 SWOT Analysis
10.7 PLEXIS Healthcare Systems, Inc.
10.7.1 Company Overview
10.8 Oracle Corporation
10.8.1 Company Overview
10.8.2 Financial Analysis
10.8.3 Segmental and Regional Analysis
10.8.4 Research & Development Expense
10.8.5 Recent strategies and developments:
10.8.5.1 Product Launches and Product Expansions:
10.8.6 SWOT Analysis
10.9 McKesson Corporation
10.9.1 Company Overview
10.9.2 Financial Analysis
10.9.3 Segmental Analysis
10.9.4 Research & Development Expense
10.9.5 SWOT Analysis
10.10. DXC Technology Company
10.10.1 Company Overview
10.10.2 Financial Analysis
10.10.3 Segmental and Regional Analysis
10.10.4 SWOT Analysis

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