The global insurance analytics market is projected to grow at a CAGR of around 12% during the forecast period. Insurance analytics provide services and tools that can be used to process and analyze data to generate insights, which are helpful in decision making. Growing competition in the market is encouraging companies to upgrade their existing business model, streamline operations, and enhance processes. Moreover, rapidly maturing digital infrastructure and increasing fraudulent activities in the insurance industry are expected to increase the demand for analytics solutions. Owing to the changing financial policies and regulations across the globe, insurance facilities are compelled to opt for analytics to control their operations.

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The global insurance analytics market is segmented based on application, deployment, and end-users. Based on the application, the market is segmented into claims management, risk management, customer management and personalization, process optimization, and others. Based on the deployment, the market is classified into on-premise and cloud. Based on End-Users Insurance Companies, Government Agencies, and Third-party Administrators, Brokers, & Consultancies.

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The global Insurance Analytics market is segmented on the basis of region into North America (the US and Canada), Europe (Germany, Spain, Italy, France, the UK, and the Rest of Europe), Asia-Pacific (India, China, Japan, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East and Africa, and Latin America). The North American region is estimated to command the largest share of the global insurance analytics market in 2019, followed by Europe. However, the Asia-Pacific region is expected to witness rapid growth during the forecast period.

Global Insurance Analytics Market – Segmentation
by Application
Claims Management
Risk Management
Customer Management and Personalization
Process Optimization
Others (workforce management and fraud detection)
by Deployment
On-premise
Cloud
by End User
Insurance Companies
Government Agencies
Third-party Administrators, Brokers,& Consultancies

Global Insurance Analytics Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Applied Systems, Inc.
Aptitive
Board International SA
BRIDGEi2i
CyberCube Analytics Inc.
Damco Group
Hexaware Technologies Ltd.
IBM Corp.
InsuredMine Inc.
LexisNexis Risk Solutions Group
Luminant Analytics GmbH
OpenText Corp.
Pentation AnalyticsPvt Ltd.
Qlik International AB
RiskVille Ltd.
SAP SE
Sapiens International Corp.
Tableau Software LLC
TIBCO Software Inc.
Verisk Analytics, Inc.
Vertafore Inc.
WNS(Holdings) Ltd.

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