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Global Insurance Analytics Market Analysis to 2025 Lead By SAP AG, Microsoft, IBM, SAS Institute, Salesforce, OpenText, Verisk Analytics, Hexaware, Pegasystems and Microstretagy
Insurance Analytics Market
Some of the key players influencing the market are IBM Corporation, SAS Institute, Salesforce, SAP AG, Microsoft, OpenText, Verisk Analytics, Hexaware, Pegasystems and Microstretagy among others.
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Furiously rising competition, stringent regulatory environment and shifting customer loyalties are imposing huge pressure on the insurance companies to update their business model, efficiently enhance the processes and streamline operations. These imperatives have therefore resulted in a demand for analytics in the insurance industry. An insurance analytics solution provides analytical tools for the entire insurance value chain, which includes casualty and property, pension, life and annuity.
The rapidly maturing digital business infrastructure has dramatically changed the opportunities for the analytics solution developers. Today, the insurance businesses are preferring "made-to-fit" solutions rather than "one size fits all". In addition, the increasing cases of fraud in the industry have substantially increased the demand for analytics solution in the market, thus contributing to the growth of insurance analytics market.
The report aims to provide an overview of the global Insurance analytics market with detailed market segmentation by component, deployment model, enterprise and geography. The global Insurance analytics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
Besides this, the report analyzes factors affecting Insurance analytics market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities and future trend. The report also provides exhaustive PEST analysis for all five regions considered in the Global Insurance Analytics Market report.
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