Global Digital Insurance Platform Market is Gaining Enormous Attention by Major Vendors: Appian, Cognizant, Mindtree, Prima Solutions, Fineos, Bolt Solutions
The digital insurance platform is a commercial model that assists investors in the environment of the insurance industry to attach through a single centralized agenda for solving several critical issues in the increasing high-value ecosystems. It aids insurers in scaling their operations up and down with built-in end-to-end functionalities. Digital insurance platforms allow insurers by providing the productivity of central-core systems and the variation of easy-to-compose client involvement.
It is expected that the Global Digital insurance platform market will register at a CAGR of + 14% during the forecast period of 2018–2023.
The primary responsibility of the providers of the digital insurance platform is to ensure the proper deployment and integration of digital insurance solutions according to the specific requirements of the clients. The services of the digital insurance platform provider are segmented into managed services and professional services, which include consulting, implementation, and support and maintenance. Associations are essentially adopting managed services, as managed service providers would take care of digital insurance platforms, while companies can focus on their core business competencies.
The automotive and transportation segment has seen a large-scale adoption of digital insurance platforms. Automotive and transport insurance enterprises are approving more and more new technologies to deal new products to meet the changing expectations of clients. Technologies such as Artificial Intelligence (AI) and telematics help insurance companies to optimize their commercial operations and implement new insurance distribution channels.
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This report offers deep-dive analysis on latest market trends and technological advancements that impact growth in Market, and the Market is booming by Major Vendors are:
· Appian (US)
· Cognizant (US)
· Mindtree (India)
· Prima Solutions (France)
· Fineos (Ireland)
· Bolt Solutions (US)
· Majesco (US)
· EIS Group (US)
· Cogitate Technology Solutions (US)
· Inzura (UK)
· Duck Creek (US)
· RGI Group (Italy)
· StoneRiver (US)
· Vertafore (US)
· iPipeline (US)
· eBaoTech (China)
Market Segmentation by Regions: Americas, Europe, Middle East & Africa, Asia-Pacific
Market Segmentation by Component: Tools, Services
Market Segmentation by Service: Managed services, Professional services
Market Segmentation by Deployment Type: On-premises, Cloud
Market Segmentation by Organization Size: Large enterprises, Small and Medium-sized Enterprises (SMEs)
Digital insurance platform market Segmentation by End-user: Insurance companies, Third-party administrators and brokers, Aggregators
Market Segmentation by Insurance Application: Automotive and transportation, Home and commercial buildings, Life and health, Business and enterprise, Consumer electronics and industrial machines, Travel
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This report offers deep-dive description on recent market trends and technological advancements that impact growth in market. The report also includes decisive market highlights on presiding market drivers, restraints, and trends, besides offering an opportunity assessment to encourage informed investment decisions by leading market players in Digital insurance platform market.
