Industry Background:
The global Property and Casualty Insurance Software market is expected to witness high demand in the forecasted period due to increasing automobile industries across the world. Property insurance helps cover stuff you own like your home or your car. Casualty insurance means that the policy includes liability coverage to help protect you if you're found legally responsible for an accident that causes injuries to another person or damage to another person's belongings.This growth is primarily driven by Rising Commercial Aircraft Production & Deliveries Due to the Growing Worldwide Passenger Traffic
.
Attributes | Details |
---|
Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Volume Unit | N |
Value Unit | USD (Million) |
Key Companies in Study | Insurance Systems (United States), Zywave (United States), Adaptik (United States), Guidewire Software (United States), Pegasystems (United States), Quick Silver Systems (United States), Duck Creek Technologies (United States), InsuredMine (United States) and Agency Software (United States) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Insurance Systems (United States), Zywave (United States), Adaptik (United States), Guidewire Software (United States), Pegasystems (United States), Quick Silver Systems (United States), Duck Creek Technologies (United States), InsuredMine (United States) and Agency Software (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 7th Feb 2018, Sapiens International Corporation, a leading global provider of software solutions for the insurance industry, with a growing presence in the financial services sector, announced today that it has entered into a definitive agreement to acquire Adaptik.
The vendors in this market are majorly focusing on the development of cost-effective insurance products & services to cater to the market's demand to remain competitive in the global market.
Property and Casualty Insurance Software Market Dynamics:
Attributes | Details |
---|
Growth Drivers | - Rising Commercial Aircraft Production & Deliveries Due to the Growing Worldwide Passenger Traffic
- Growing Adoption of Military UAVs Generating the Demand for Insurance Software
|
Influencing Trends | - The High Adoption of Cloud-Based Solutions
- The Growing Automotive Industries across the World
|
Restraints | - The Increasing Technological Issues related to Property and Casualty Insurance Software
|
Road Blocks / Challenges | - Presence of Major Players is leading to Stiff Competition
|
Gaps & Opportunities | - The Technological Adoption associated with Property and Casualty Insurance Software
|
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Property and Casualty Insurance Software Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the medium utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Property and Casualty Insurance Software Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, SEC filings of Property and Casualty Insurance Software players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Property and Casualty Insurance Software Study Sheds Light on
The Property and Casualty Insurance Software Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Property and Casualty Insurance Software industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Property and Casualty Insurance Software industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.