Property and Casualty Insurance Software Market, Global Outlook and Forecast 2023-2032
Property and Casualty Insurance (P&C Insurance) software is used by insurance agents and brokers to promote, sell, and administer insurance policies, including features such as claims management, marketing automation, and underwriting management.
This report aims to provide a comprehensive presentation of the global market for Property and Casualty Insurance Software, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Property and Casualty Insurance Software. This report contains market size and forecasts of Property and Casualty Insurance Software in global, including the following market information:
Global Property and Casualty Insurance Software Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Property and Casualty Insurance Software market was valued at US$ 11600 million in 2022 and is projected to reach US$ 13590 million by 2029, at a CAGR of 2.3% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
P&C Insurance Software is mainly classified into the following types: Cloud-Based and On-Premise. On-Premise is the most widely used type which takes up about 55.69% of the global market in 2019.
P&C Insurance Software can be used in Claims, Underwriting, Operations and Others. And Operations is the most widely used area which takes up about 65.68% of the global total in 2019.
Willis Tower Watson, Guidewire Software, Quadient, Duck Creek Technologies, Pegasystems, etc. are the key suppliers in the P&C Insurance Software market. Top 5 took up about 7% of the global market in 2019.
We surveyed the Property and Casualty Insurance Software 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 Property and Casualty Insurance Software Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Property and Casualty Insurance Software Market Segment Percentages, by Type, 2022 (%)
Cloud-Based
On-Premise
Global Property and Casualty Insurance Software Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Property and Casualty Insurance Software Market Segment Percentages, by Application, 2022 (%)
SME (Small and Medium Enterprises)
Large Enterprise
Global Property and Casualty Insurance Software Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Property and Casualty Insurance Software Market Segment Percentages, By Region and Country, 2022 (%)
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 Property and Casualty Insurance Software revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Property and Casualty Insurance Software revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Insurance Systems
Zywave
Adaptik
Guidewire Software
Quick Silver Systems
Duck Creek Technologies
InsuredMine
Pegasystems
Agency Software
PCMS
ClarionDoor
Quadient
Outline of Major Chapters:
Chapter 1: Introduces the definition of Property and Casualty Insurance Software, market overview.
Chapter 2: Global Property and Casualty Insurance Software market size in revenue.
Chapter 3: Detailed analysis of Property and Casualty Insurance Software company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Property and Casualty Insurance Software in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
