The emergence of the insurance platform provides necessary support for the digital transformation of insurance companies. The insurance platform based on the micro-service architecture serves as the middle layer that connects the core system and the front-end applications. By decoupling and assembling core business components, it can integrate traditional business capabilities. Disassembled into business units that can be flexibly expanded. The data center uses big data, artificial intelligence and other technologies to refine the value of precipitated business data, and can form data assets that can be used efficiently and support corporate decision-making. Finally, through the open API interface, the service capabilities of the insurance middle office can be quickly released to the front desk to meet the needs of complex front desk business scenarios. Therefore, for insurance companies, the construction of insurance middle stations will be the key for insurance companies to achieve technological empowerment and digital transformation.
This report contains market size and forecasts of Insurance Platform in Global, including the following market information:
Global Insurance Platform Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global top five companies in 2021 (%)
The global Insurance Platform market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Business Platform Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Insurance Platform include PING AN CLOUD, ANT GROUP, Aliyun, JD Digits, HUAWEI CLOUD, Tencent Cloud, IBM, CoverGo and GALILEO PLATFORMS. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Insurance Platform companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Insurance Platform Market, by Type, 2017-2022, 2023-2028 ($ millions)
Global Insurance Platform Market Segment Percentages, by Type, 2021 (%)
Business Platform
Data Platform
Global Insurance Platform Market, by Application, 2017-2022, 2023-2028 ($ millions)
Global Insurance Platform Market Segment Percentages, by Application, 2021 (%)
Life Insurance
Health Insurance
Car Insurance
Others
Global Insurance Platform Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions)
Global Insurance Platform Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Insurance Platform revenues in global market, 2017-2022 (estimated), ($ millions)
Key companies Insurance Platform revenues share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
PING AN CLOUD
ANT GROUP
Aliyun
JD Digits
HUAWEI CLOUD
Tencent Cloud
IBM
CoverGo
GALILEO PLATFORMS