How big is the Digital Insurance Platform Market?

The Digital Insurance Platform Market size is expected to reach USD 132.86 billion in 2024 and grow at a CAGR of 11.51% to reach USD 229.07 billion by 2029. Read More

What is the current Digital Insurance Platform Market size?

In 2024, the Digital Insurance Platform Market size is expected to reach USD 132.86 billion. Read More

Who are the key players in Digital Insurance Platform Market?

IBM Corporation, Microsoft Corporation, Oracle Corporation, Pegasystems Inc. and Appian Corporation are the major companies operating in the Digital Insurance Platform Market. Read More

Which is the fastest growing region in Digital Insurance Platform Market?

North America is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Digital Insurance Platform Market?

In 2024, the Asia Pacific accounts for the largest market share in Digital Insurance Platform Market. Read More

What years does this Digital Insurance Platform Market cover, and what was the market size in 2023?

In 2023, the Digital Insurance Platform Market size was estimated at USD 117.57 billion. The report covers the Digital Insurance Platform Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Digital Insurance Platform Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Digital Insurance Platform Market - Size, Share & Growth, Trends

Digital Insurance Platform Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Th Digital Insurance Platform Providers and the Market is Segmented by Deployment (on-Premise, Cloud), Organization Size (large Enterprise, Small & Medium Enterprise), Application (automotive and Transportation, Home & Commercial Buildings, Life & Health, Business & Enterprise, Consumer Electronics & Industrial Machines, Travel), and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia- Pacific), Latin America, and Middle East and Africa). The Market Size and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Digital Insurance Platform Industry Overview

The Digital Insurance Platform is fragmented, with the presence of major players like IBM Corporation, Microsoft Corporation, Oracle Corporation, Pegasystems Inc., and Appian Corporation. Players in the market are adopting strategies such as partnerships and acquisitions to enhance their product offerings and gain sustainable competitive advantage.

September 2023 - Majesco, one of the global leaders in cloud insurance software solutions, and Microsoft entered a strategic alliance to drive long-term digital transformation for insurers. The partnership empowers consumers with a scalable and secure intelligent cloud environment by leveraging Microsoft Cloud and Analytics capabilities.
April 2023 - EY organization announced a partnership with the EIS Group Inc (EIS), one of the global digital insurance platform providers, and Ernst & Young LLP (EY US) to assist clients in executing and combining EIS' cloud-native and digital insurance platform, a primary application programming interface, to address challenges and future requirements in the insurance industry.