Global Insurance Analytics Market Trends, Strategies, Opportunities For 2022-2031 – InsuranceNewsNet

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Global Insurance Analytics Market Trends
Technological innovation is a key trend in the insurance analytics market. Major players in the insurance analytics market are adopting big data, machine learning and AI technologies to build insurance products and systems. AI stands for artificial intelligence and it is used in underwriting, claims management and fraud detection. It is the replication by machines, especially computer systems, of human intelligence processes. AI is helping the global insurance analytics market by automating all mundane tasks and solving complex problems. For example, in February 2021, EXL released its LifePRO 20 Digital Insurance Platform, which is an AI-enabled end-to-end digital transformation solution. LifePRO 20 is an assertive end-to-end digital solution that supports the complete insurance policy administration lifecycle from new business to claim for a comprehensive range of workplace, individual and group life, health and annuity products. LifePRO 20 enables companies to rapidly bring new products to drive growth, market and manage operations to lower costs.

The global insurance analytics market is segmented:

By component: solution, service

By Deployment Model: On-premises, Cloud

By business size: Large Enterprises, Small And Medium Enterprises (SMEs)

By Application: Claims Management, Risk Management, Customer Management and Personalization, Process Optimization, Other Applications

By end user: insurance companies, government agencies, third party administrators, brokers and consultants

By Geography: The global insurance analytics market is segmented into North America, South America, Asian Pacific Ocean, Eastern Europe, Western Europe, middle east and Africa. Among these regions, North America responsible for the largest share.

Read more about the global insurance analytics market report here

Insurance Analytics Global Market Report 2022 is one of a series of new reports from The Business Research Company which provides global insurance analytics market overviews, analysis and forecasts, market size and growth for the global insurance analytics global market, insurance analytics market share, insurance analytics global market segments and geographies, insurance analytics market players, insurance analytics market leading competitor revenue, insurance analytics global market trends, profiles and insurance analytics market share. The Insurance Analytics market report identifies top countries and segments for opportunities and strategies based on market trends and key competitor approaches.

TBRC’s Insurance Analytics Global Market Report 2022 includes information on the following:

Data Segmentations: Market Size, Global, According to Region and Country, Historical and Forecast, and Growth rates for 60 geographies

Key Market Players: Applied Systems Inc., Microsoft Corporation, Open Text Corporation, Oracle Corporation, Pegasystems Inc., Salesforce Inc, SAP SA, SAS Institute Inc., Vertafore Inc., Hexaware Technologies, LexisNexis Risk Solutions, Micro strategy

Regions: Asian Pacific Ocean, China, Western Europe, Eastern Europe, North America, USA, South America, middle east and Africa.

Countries: Australia, Brazil, China, France, Germany, In the, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.

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Insurance Global Market Report 2022

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