Insurance Agency Portal Market Scope
Insurance Agency Portal is the platform for policyholders to go research and buy insurance, submit claims and pay bills, and update coverage as their financial needs change. Insurance agency portals helps for compare and understand different policies offered by various insurers. By help of portals agents go to obtain quotes, transmit claims data, and renew policies
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | AgencyZoom (United States), Appian (United States), Appulate (United States), Comarch (Europe), Duck Creek (United States), DXC Technology (United States), eBao Tech (India), Ebix (United States), Fadata (Germany) and Guidewire (United States) |
CAGR | 7.0% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Insurance Agency Portal market throughout the predicted period.
AgencyZoom (United States), Appian (United States), Appulate (United States), Comarch (Europe), Duck Creek (United States), DXC Technology (United States), eBao Tech (India), Ebix (United States), Fadata (Germany) and Guidewire (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Liferay (United States), Unqork (United States) and Wipro (India).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Insurance Agency Portal market by Type , by Application (Personal Insurance, Property Insurance, Reinsurance and Others) and Region with country level break-up.
On the basis of geography, the market of Insurance Agency Portal has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In March 2024, Novidea launched an enhanced version of its insurance management platform across global markets, showcasing significant enhancements tailored to meet the evolving needs of its diverse customer base.
In March 2024, Plummer Insurance, Inc. announced the acquisition of Classic One Insurance from Riverstone Bank.
Influencing Trend:
Emerging Trends Of Digital Insurance Distribution Channels
Market Growth Drivers:
Increasing Adoption Of Insurance Services In Developing Countries
Challenges:
Concerns Related To Security And Privacy Issues
Restraints:
Increasing Cyber Threats And Attacks
Opportunities:
The Rising Awareness Regarding The Importance Of Insurance
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, End user industries and Portal Manufacturing Industries