Insurance Business Process Outsourcing (BPO) Market, Global Outlook and Forecast 2023-2032
The global Insurance Business Process Outsourcing (BPO) market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Insurance business process outsourcing is a sub-division of the banking, financial services and insurance (BFSI) business process outsourcing business.BPO service providers support some of the world's leading financial institutions and custodians.Insurance business process outsourcing (BPO) is part of outsourcing, which involves subcontracting the organization's business processes to third-party suppliers with expertise in the insurance field.
This report aims to provide a comprehensive presentation of the global market for Insurance Business Process Outsourcing (BPO), 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 Insurance Business Process Outsourcing (BPO). This report contains market size and forecasts of Insurance Business Process Outsourcing (BPO) in global, including the following market information:
- Global Insurance Business Process Outsourcing (BPO) Market Revenue, 2018-2023, 2024-2032, ($ millions)
- Global top five companies in 2022 (%)
The U.S. Market is Estimated at $ Million in 2022, While China is to reach $ Million.
By Operation Segment to Reach $ Million by 2029, with a % CAGR in next six years.
The global key manufacturers of Insurance Business Process Outsourcing (BPO) include Genpact, EXL Services Holdings, Cognizant, Xchanging (DXC Technology), Dell, TCS, Sutherland Global Services, WNS Holdings and Accenture, etc. in 2022, the global top five players have a share approximately % in terms of revenue.
We surveyed the Insurance Business Process Outsourcing (BPO) 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 Business Process Outsourcing (BPO) Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, by Type, 2022 (%)
- By Operation
- Development
- Marketing
- Administration
- Asset Management
- Claims Management
- By Insurance
- Property and Casualty
- Life and Pension
Global Insurance Business Process Outsourcing (BPO) Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, by Application, 2022 (%)
- BFSI
- Manufacturing
- Healthcare
- Retail
- Telecom
- Others
Global Insurance Business Process Outsourcing (BPO) Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Insurance Business Process Outsourcing (BPO) Market Segment Percentages, By Region and Country, 2022 (%)
- North America (United States, Canada, Mexico)
- Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)
- The Middle East and Africa (Middle East, Africa)
- South and Central America (Brazil, Argentina, Rest of SCA)
Competitor Analysis
The report also provides analysis of leading market participants including:
- Key companies Insurance Business Process Outsourcing (BPO) revenues in global market, 2018-2023 (estimated), ($ millions)
- Key companies Insurance Business Process Outsourcing (BPO) revenues share in global market, 2022 (%)
key players include:
- Genpact
- EXL Services Holdings
- Cognizant
- Xchanging (DXC Technology)
- Dell
- TCS
- Sutherland Global Services
- WNS Holdings
- Accenture
- Tech Mahindra
- Xerox
- MphasiS
- Capita
- Serco Group
- Computer Sciences
- HCL
- IGate
- Infosys
- Syntel
- Exlservice Holdings
- Invensis
- Wipro
Outline of Major Chapters:
Chapter 1: Introduces the definition of Insurance Business Process Outsourcing (BPO), market overview.
Chapter 2: Global Insurance Business Process Outsourcing (BPO) market size in revenue.
Chapter 3: Detailed analysis of Insurance Business Process Outsourcing (BPO) 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 Insurance Business Process Outsourcing (BPO) 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.
