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商品コード
1559196

保険代理店ソフトウェアの世界市場の評価:タイプ別、展開タイプ別、エンドユーザー別、地域別、機会、予測、2017年~2031年

Insurance Agency Software Market Assessment, By Type, By Deployment Type, By End-user, By Region, Opportunities and Forecast, 2017-2031F


出版日
ページ情報
英文 245 Pages
納期
3~5営業日
カスタマイズ可能
価格
価格表記: USDを日本円(税抜)に換算
本日の銀行送金レート: 1USD=146.99円
保険代理店ソフトウェアの世界市場の評価:タイプ別、展開タイプ別、エンドユーザー別、地域別、機会、予測、2017年~2031年
出版日: 2024年09月24日
発行: Market Xcel - Markets and Data
ページ情報: 英文 245 Pages
納期: 3~5営業日
GIIご利用のメリット
  • 全表示
  • 概要
  • 図表
  • 目次
概要

世界の保険代理店ソフトウェアの市場規模は、2024年から2031年の予測期間中に7.25%のCAGRで拡大し、2023年の33億8,000万米ドルから2031年には59億1,000万米ドルに成長すると予測されています。

保険代理店ソフトウェアは、保険料計算、引受、顧客関係管理、規制機能などの重要なツールを保険会社に提供します。先進的なバージョンは、AIと機械学習を統合して機能性とプロセス機能を強化し、今日の保険業務において効率性と正確性を達成する上で極めて重要なものとなっています。

その結果、保険代理店ソフトウェア市場は急速に拡大し、摩擦のないデジタルエンゲージメント、パーソナライズドサービス、保険金請求処理のスピードに対する顧客の期待の変化に影響を受けています。AIと機械学習技術は、精度と生産性を向上させることでこれらのニーズを満たすために不可欠であるため、デジタルエンゲージメントの必要性が高まるにつれて、その採用はますます加速しています。

複雑で絶えず変化する規制要件への対応の強化が、市場成長の促進要因となります。保険プラットフォームは、主要なコンプライアンスを獲得し、リスクを低減するために利用されています。AIとアナリティクスは、規制の変更を管理する上で重要な役割を果たすと思われます。高い導入コストや伝統的な企業の抵抗に関する課題はあるが、クラウドベースでカスタマイズ可能なソフトウェア・ソリューションへの動きが市場を牽引しており、保険分野におけるデジタルトランスフォーメーションやグローバル化といった幅広い動向が市場を牽引しています。

当レポートでは、世界の保険代理店ソフトウェア市場について調査し、市場の概要とともに、タイプ別、展開タイプ別、エンドユーザー別、地域別動向、および市場に参入する企業のプロファイルなどを提供しています。

目次

第1章 プロジェクトの範囲と定義

第2章 調査手法

第3章 エグゼクティブサマリー

第4章 顧客の声

第5章 世界の保険代理店ソフトウェア市場の見通し、2017年~2031年

  • 市場規模の分析と予測
  • 市場シェア分析と予測
  • 市場マップ分析、2023年
    • タイプ別
    • 展開別
    • エンドユーザー別
    • 地域別

第6章 北米の保険代理店ソフトウェア市場の見通し、2017年~2031年

第7章 欧州の保険代理店ソフトウェア市場の見通し、2017年~2031年

第8章 アジア太平洋の保険代理店ソフトウェア市場の見通し、2017年~2031年

第9章 南米の保険代理店ソフトウェア市場の見通し、2017年~2031年

第10章 中東・アフリカの保険代理店ソフトウェア市場の見通し、2017年~2031年

第11章 需要供給分析

第12章 輸出入の分析

第13章 バリューチェーン分析

第14章 ポーターのファイブフォース分析

第15章 PESTLE分析

第16章 価格分析

第17章 市場力学

第18章 市場の動向と発展

第19章 ケーススタディ

第20章 競合情勢

  • 市場リーダー上位5社の競合マトリックス
  • 上位5社のSWOT分析
  • 主要企業上位10社の情勢
    • Acturis Limited
    • Vertafore, Inc.
    • AgencyBloc, LLC
    • Jenesis Insurance Agency Management System
    • Axxis Software, LLC
    • Sapiens International Corporation Inc.
    • QQ Solutions, Inc.
    • Buckhill Limited
    • Hawksoft, Inc.
    • Accenture PLC

第21章 戦略的提言

第22章 お問い合わせと免責事項

図表

List of Tables

  • Table 1. Pricing Analysis of Products from Key Players
  • Table 2. Competition Matrix of Top 5 Market Leaders
  • Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)
  • Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

List of Figures

  • Figure 1. Global Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 2. Global Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 3. Global Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 4. Global Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 5. Global Insurance Agency Software Market Share (%), By Region, 2017-2031F
  • Figure 6. North America Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 7. North America Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 8. North America Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 9. North America Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 10. North America Insurance Agency Software Market Share (%), By Country, 2017-2031F
  • Figure 11. United States Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 12. United States Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 13. United States Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 14. United States Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 15. Canada Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 16. Canada Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 17. Canada Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 18. Canada Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 19. Mexico Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 20. Mexico Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 21. Mexico Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 22. Mexico Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 23. Europe Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 24. Europe Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 25. Europe Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 26. Europe Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 27. Europe Insurance Agency Software Market Share (%), By Country, 2017-2031F
  • Figure 28. Germany Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 29. Germany Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 30. Germany Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 31. Germany Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 32. France Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 33. France Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 34. France Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 35. France Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 36. Italy Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 37. Italy Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 38. Italy Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 39. Italy Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 40. United Kingdom Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 41. United Kingdom Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 42. United Kingdom Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 43. United Kingdom Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 44. Russia Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 45. Russia Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 46. Russia Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 47. Russia Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 48. Netherlands Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 49. Netherlands Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 50. Netherlands Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 51. Netherlands Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 52. Spain Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 53. Spain Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 54. Spain Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 55. Spain Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 56. Turkey Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 57. Turkey Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 58. Turkey Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 59. Turkey Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 60. Poland Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 61. Poland Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 62. Poland Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 63. Poland Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 64. South America Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 65. South America Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 66. South America Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 67. South America Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 68. South America Insurance Agency Software Market Share (%), By Country, 2017-2031F
  • Figure 69. Brazil Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 70. Brazil Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 71. Brazil Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 72. Brazil Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 73. Argentina Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 74. Argentina Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 75. Argentina Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 76. Argentina Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 77. Asia-Pacific Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 78. Asia-Pacific Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 79. Asia-Pacific Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 80. Asia-Pacific Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 81. Asia-Pacific Insurance Agency Software Market Share (%), By Country, 2017-2031F
  • Figure 82. India Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 83. India Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 84. India Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 85. India Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 86. China Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 87. China Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 88. China Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 89. China Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 90. Japan Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 91. Japan Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 92. Japan Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 93. Japan Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 94. Australia Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 95. Australia Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 96. Australia Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 97. Australia Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 98. Vietnam Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 99. Vietnam Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 100. Vietnam Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 101. Vietnam Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 102. South Korea Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 103. South Korea Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 104. South Korea Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 105. South Korea Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 106. Indonesia Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 107. Indonesia Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 108. Indonesia Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 109. Indonesia Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 110. Philippines Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 111. Philippines Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 112. Philippines Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 113. Philippines Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 114. Middle East & Africa Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 115. Middle East & Africa Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 116. Middle East & Africa Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 117. Middle East & Africa Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 118. Middle East & Africa Insurance Agency Software Market Share (%), By Country, 2017-2031F
  • Figure 119. Saudi Arabia Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 120. Saudi Arabia Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 121. Saudi Arabia Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 122. Saudi Arabia Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 123. UAE Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 124. UAE Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 125. UAE Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 126. UAE Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 127. South Africa Insurance Agency Software Market, By Value, In USD Billion, 2017-2031F
  • Figure 128. South Africa Insurance Agency Software Market Share (%), By Type, 2017-2031F
  • Figure 129. South Africa Insurance Agency Software Market Share (%), By Deployment Type, 2017-2031F
  • Figure 130. South Africa Insurance Agency Software Market Share (%), By End-user, 2017-2031F
  • Figure 131. By Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 132. By Deployment Type Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 133. By End-user Map-Market Size (USD Billion) & Growth Rate (%), 2023
  • Figure 134. By Region Map-Market Size (USD Billion) & Growth Rate (%), 2023
目次
Product Code: MX11929

Global insurance agency software market is projected to witness a CAGR of 7.25% during the forecast period 2024-2031, growing from USD 3.38 billion in 2023 to USD 5.91 billion in 2031.

Insurance agency software provides an insurance company with critical tools for premium calculation, underwriting, customer relationship management, and regulatory functions. Advanced versions integrate AI with machine learning to reinforce functionality and process capabilities, making these crucial in attaining efficiency and accuracy in today's insurance practices.

It results in a fast proliferation of the insurance agency software market that is influenced by changing customer expectations for frictionless digital engagement, personalized services, and speed of claims processing. As AI and machine learning technologies are crucial to meeting these needs by enhancing accuracy and productivity, their adoption is being increasingly expedited with growing digital engagement imperatives.

Increased navigation in complex and constantly changing regulatory requirements will drive market growth. Insurance platforms are being used to gain major compliance and reduce risk. AI and analytics will play an important role in managing regulatory changes. Though there are challenges related to high implementation costs and resistance from traditional firms, the movement toward cloud-based and customizable software solutions is driving the market, with broader trends of digital transformation and globalization in the insurance sector.

For instance, in July 2024, South Korean digital non-life insurance provider KakaoPay Insurance bagged 1.5 million enrollments for its international travel insurance in one year after its launch. The growth averaged a 30.7% monthly increase. By integrating with KakaoTalk, a South Korean messaging app with over 41 million users, the company has fully digitized the experience, simplifying every step from enrollment to claims.

Evolving Customer Expectations for Seamless Digital Interactions to Drive Market Growth

The insurance agency software market has grown due to changing customer expectations for digital engagement. Customers have high expectations from businesses to ensure seamless interactions using mobile apps, websites, or in-store services. Due to this, insurance companies are investing in unified software that can offer an integrated and consistent experience. This will help them retain old customers and attract new ones.

The added advantages of digital engagement tools are that they enhance efficiency through the automation of crucial operations, such as claims processing, policy management, and customer service. These developments make an insurer operationally effective and reduce many costs, increasing resource utilization. Real-time data collection and analytics enable insurers to provide customized services with the insights gained from customers, thus enhancing satisfaction and loyalty.

For instance, in January 2024, AXA adopted cloud computing and IoT solutions to enhance their insurance services. AXA can offer personalized services and improve customer satisfaction by utilizing these technologies. This approach helps them stay competitive in a rapidly changing market.

Combining Cloud and Sensor Technologies for Real-Time Data Collection and Visualization

Embracing cloud-based digital solutions offers a significant opportunity for the insurance platform market to secure a competitive edge. Utilizing cloud technology provides numerous advantages in an industry defined by data-heavy processes and shifting customer expectations. Cloud-based solutions enhance both scalability and flexibility, allowing insurance platforms to adjust their computing resources as needed, thereby efficiently managing variable workloads. This scalability ensures that insurers can meet increased customer demand during peak times, such as open enrollment or processing claims after natural disasters, without sacrificing performance.

Additionally, insurers can reallocate resources towards innovation and customer-focused initiatives, which are essential for maintaining competitiveness in a rapidly changing market. These benefits optimize operations and enable insurers to adapt to the evolving requirements of the industry, ultimately gaining a competitive advantage.

For example, in December 2022, Allianz took concrete steps toward utilizing cloud and sensor technologies to better optimize their businesses. A remarkable case is how Allianz Direct uses Rocket's cloud-native platform. This platform integrates IoT sensors, delivering data gathering and visualization in real time, thus enabling Allianz to monitor and assess risks more precisely, regarding natural catastrophes. Allianz Direct is now processing billions of events, delivering sub-second SQL analytics using the Rockset real-time analytics database.

Large Business Segment to Dominate the Market Share

The large business segment dominated the insurance agency software market in 2023 and is expected to maintain its dominance in the forecast period. This leadership stems from the sector's need for comprehensive software that can manage complex insurance operations. Large businesses require robust systems to handle high transaction volumes, extensive customer data, and intricate policy management, often featuring advanced multi-user access, extensive databases, and integrated analytics. Their significant financial resources enable investment in premium software solutions that offer enhanced security, regulatory compliance, and superior customer service, including customization to meet specific needs, driving the segment's strong market presence.

For instance, in February 2024, Zurich Insurance implemented a comprehensive cybersecurity strategy that aligns with its business objectives and regulatory compliance requirements. This investment strengthens their security posture and ensures that they meet regulatory standards and provide superior customer service.

Cloud-based Software to Dominate the Market Share

The cloud solution contributes to a huge market share as it offers several advantages that complement the requirements of insurance agencies. Cloud-based software enhances accessibility by enabling users to access data and applications from anywhere via internet access, which is crucial for modern flexible work environments.

Besides, the scalability of cloud-based insurance agency software means agencies can scale up or down depending on their actual needs without major investments in infrastructure. Such flexibility is helpful for fast-growing agencies or where the demand is seasonal. Cost efficiency in the solution is another important factor, and it commonly comes as subscriptions that avoid large initial investments, leading to overall lower ownership costs.

For instance, in June 2024, Vertafore, a company with a cloud-based software announced Project Impact, an initiative to deliver technology enhancements and workflow improvements that make the work of account managers, customer service representatives and other core agency staff more efficient. This means project impact is striving to save service providers from up to two hours daily over the course of two years through day-to-day activities, minor enhancements, and major product improvements. It will focus on the most important workflows at an agency.

North America Dominates Insurance Agency Software Market Share

In North America, the insurance agency software market will grow significantly due to its established technological infrastructure and high rate of digitization by insurers. The United States is at the forefront of insurance due to its large insurance industry, along with a regulatory climate that duly encourages insurers further toward developing sophisticated rating tools. Some of the major factors driving the growth include the rising demand for proper premium calculation, simplification of underwriting, and improvement in customer experience. This is further strengthened by the presence of key market players, which ensures constant innovations in the market. On the other side, some factors, such as a high cost of implementation and data privacy, act as growth constraints. Aggregately, technological advancement, focus on digital transformation, favorable regulatory landscape, vast market size, and huge demand from customers for effective policy administration are some of the drivers that lead to the dominance of North America in the market share.

For instance, in February 2024, Zinnia Corporate Holdings announced to acquire the Life and Annuity Assets of Ebix, Inc., a supplier of software solutions. The L&A assets will further position Zinnia as a partner of choice in the life and annuity industry, expanding its offerings with insurance focused CRM and agency management, market-leading research, quoting, illustration, and order entry tools, and a comprehensive underwriting platform, which will simplify experiences for advisors and their clients.

Future Market Scenario (2024 - 2031F)

Customer demands for seamless digital experiences across apps, websites, and in-person services drive growth of the insurance agency software market.

Digital tools automate key processes such as claims and policy management, cutting costs, and improving resource use, while real-time analytics enhance service personalization.

Cloud solutions will provide scalability and flexibility, helping insurers handle peak demands and improve services.

Large businesses lead the market due to their need for robust software and North America dominates with its advanced tech infrastructure and regulatory support.

Key Players Landscape and Outlook

The insurance agency software market is relatively competitive, with a few large players holding the most market share due to the comprehensive offering of the product. These major players have held considerable presence in the rapidly evolving insurance sector by offering a set of services, including comprehensive agency management systems, customer relationship management, and advanced rating and quoting tools. It can be accomplished by making operational running more efficient, client interaction more effective, and policy administration better optimized, therefore settling the complex needs of the modern insurance agency. The competitive advantage, therefore, lies in the ability to provide innovative and integrated solutions that can be customized as per the changing industry and regulatory requirements at all levels. Besides traditional software offerings, these companies continue to ensure compliance within the heavily regulated insurance sector.

In July 2024, Acturis announced a partnership with Cowbell to offer Cowbell Prime One, its Adaptive Cyber Insurance product, on the Acturis platform. Cowbell Prime One is a standalone cyber insurance program designed for small and medium-sized enterprises and mid-market businesses with annual turnovers of up to USD 1.23 billion.

In July 2024, insurance software provider Sapiens invested in Sapiens CoreSuite for Medical Professional Liability (MPL) to drive growth and innovation in the MPL market.

By enhancing and expanding its MPL products and capabilities for policy administration, finance, claims, and risk management, and the full integration with a range of value-added vendor solutions, Sapiens is well-positioned to answer the needs of MPL insurers in the highly consolidating market.

Table of Contents

1. Project Scope and Definitions

2. Research Methodology

3. Executive Summary

4. Voice of Customer

  • 4.1. Product and Market Intelligence
  • 4.2. Mode of Brand Awareness
  • 4.3. Factors Considered in Purchase Decisions
    • 4.3.1. Features and Other Value-Added Service
    • 4.3.2. IT Infrastructure Compatibility
    • 4.3.3. Efficiency of Solutions
    • 4.3.4. After-Sales Support
  • 4.4. Consideration of Privacy and Regulations

5. Global Insurance Agency Software Market Outlook, 2017-2031F

  • 5.1. Market Size Analysis & Forecast
    • 5.1.1. By Value
  • 5.2. Market Share Analysis & Forecast
    • 5.2.1. By Type
      • 5.2.1.1. Life Insurance
      • 5.2.1.2. Auto Insurance
      • 5.2.1.3. Accident and Health Insurance
      • 5.2.1.4. Home Insurance
      • 5.2.1.5. Property and Casualty Insurance
      • 5.2.1.6. Travel Insurance
      • 5.2.1.7. Others
    • 5.2.2. By Deployment
      • 5.2.2.1. On-premises
      • 5.2.2.2. Cloud
    • 5.2.3. By End-user
      • 5.2.3.1. Small Business
      • 5.2.3.2. Medium-sized Business
      • 5.2.3.3. Large Business
    • 5.2.4. By Region
      • 5.2.4.1. North America
      • 5.2.4.2. Europe
      • 5.2.4.3. Asia-Pacific
      • 5.2.4.4. South America
      • 5.2.4.5. Middle East and Africa
    • 5.2.5. By Company Market Share Analysis (Top 5 Companies and Others - By Value, 2023)
  • 5.3. Market Map Analysis, 2023
    • 5.3.1. By Type
    • 5.3.2. By Deployment
    • 5.3.3. By End-user
    • 5.3.4. By Region

6. North America Insurance Agency Software Market Outlook, 2017-2031F*

  • 6.1. Market Size Analysis & Forecast
    • 6.1.1. By Value
  • 6.2. Market Share Analysis & Forecast
    • 6.2.1. By Type
      • 6.2.1.1. Life Insurance
      • 6.2.1.2. Auto Insurance
      • 6.2.1.3. Accident and Health Insurance
      • 6.2.1.4. Home Insurance
      • 6.2.1.5. Property and Casualty Insurance
      • 6.2.1.6. Travel Insurance
      • 6.2.1.7. Others
    • 6.2.2. By Deployment
      • 6.2.2.1. On-premises
      • 6.2.2.2. Cloud
    • 6.2.3. By End-user
      • 6.2.3.1. Small Business
      • 6.2.3.2. Medium-sized Business
      • 6.2.3.3. Large Business
    • 6.2.4. By Country Share
      • 6.2.4.1. United States
      • 6.2.4.2. Canada
      • 6.2.4.3. Mexico
  • 6.3. Country Market Assessment
    • 6.3.1. United States Insurance Agency Software Market Outlook, 2017-2031F*
      • 6.3.1.1. Market Size Analysis & Forecast
        • 6.3.1.1.1. By Value
      • 6.3.1.2. Market Share Analysis & Forecast
        • 6.3.1.2.1. By Type
          • 6.3.1.2.1.1. Life Insurance
          • 6.3.1.2.1.2. Auto Insurance
          • 6.3.1.2.1.3. Accident and Health Insurance
          • 6.3.1.2.1.4. Home Insurance
          • 6.3.1.2.1.5. Property and Casualty Insurance
          • 6.3.1.2.1.6. Travel Insurance
          • 6.3.1.2.1.7. Others
        • 6.3.1.2.2. By Deployment
          • 6.3.1.2.2.1. On-premises
          • 6.3.1.2.2.2. Cloud
        • 6.3.1.2.3. By End-user
          • 6.3.1.2.3.1. Small Business
          • 6.3.1.2.3.2. Medium-sized Business
          • 6.3.1.2.3.3. Large Business
    • 6.3.2. Canada
    • 6.3.3. Mexico

All segments will be provided for all regions and countries covered

7. Europe Insurance Agency Software Market Outlook, 2017-2031F

  • 7.1. Germany
  • 7.2. France
  • 7.3. Italy
  • 7.4. United Kingdom
  • 7.5. Russia
  • 7.6. Netherlands
  • 7.7. Spain
  • 7.8. Turkey
  • 7.9. Poland

8. Asia-Pacific Insurance Agency Software Market Outlook, 2017-2031F

  • 8.1. India
  • 8.2. China
  • 8.3. Japan
  • 8.4. Australia
  • 8.5. Vietnam
  • 8.6. South Korea
  • 8.7. Indonesia
  • 8.8. Philippines

9. South America Insurance Agency Software Market Outlook, 2017-2031F

  • 9.1. Brazil
  • 9.2. Argentina

10. Middle East and Africa Insurance Agency Software Market Outlook, 2017-2031F

  • 10.1. Saudi Arabia
  • 10.2. UAE
  • 10.3. South Africa

11. Demand Supply Analysis

12. Import and Export Analysis

13. Value Chain Analysis

14. Porter's Five Forces Analysis

15. PESTLE Analysis

16. Pricing Analysis

17. Market Dynamics

  • 17.1. Market Drivers
  • 17.2. Market Challenges

18. Market Trends and Developments

19. Case Studies

20. Competitive Landscape

  • 20.1. Competition Matrix of Top 5 Market Leaders
  • 20.2. SWOT Analysis for Top 5 Players
  • 20.3. Key Players Landscape for Top 10 Market Players
    • 20.3.1. Acturis Limited
      • 20.3.1.1. Company Details
      • 20.3.1.2. Key Management Personnel
      • 20.3.1.3. Products and Services
      • 20.3.1.4. Financials (As Reported)
      • 20.3.1.5. Key Market Focus and Geographical Presence
      • 20.3.1.6. Recent Developments/Collaborations/Partnerships/Mergers and Acquisition
    • 20.3.2. Vertafore, Inc.
    • 20.3.3. AgencyBloc, LLC
    • 20.3.4. Jenesis Insurance Agency Management System
    • 20.3.5. Axxis Software, LLC
    • 20.3.6. Sapiens International Corporation Inc.
    • 20.3.7. QQ Solutions, Inc.
    • 20.3.8. Buckhill Limited
    • 20.3.9. Hawksoft, Inc.
    • 20.3.10. Accenture PLC

Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.

21. Strategic Recommendations

22. About Us and Disclaimer