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Synopsis
Underwriting & Rating Software is a type of software that provides insurance companies and agents with tools and algorithms to evaluate the risk and profitability of potential customers and policies. Underwriting & Rating Software aims to streamline the underwriting process, improve the accuracy and consistency of pricing, and enhance the customer experience and satisfaction.
The global Underwriting & Rating Software market was valued at US$ 369 million in 2023 and is anticipated to reach US$ 667.7 million by 2030, witnessing a CAGR of 8.8% during the forecast period 2024-2030.
The industry trend of Underwriting & Rating Software is driven by the changing consumer behavior and expectations, the increasing competition and innovation in the market, and the advancement of technology and digitalization. Some of the key trends are:
Artificial Intelligence (AI): AI is a technology that enables machines to perform tasks that require human intelligence, such as reasoning, learning, decision making, and natural language processing. AI can help improve the quality and efficiency of underwriting and rating by automating tasks, providing insights, enhancing security, and personalizing experiences.
Big Data Analytics (BDA): BDA is the process of collecting, analyzing, and interpreting large and complex data sets to generate insights and support decision making. BDA can help optimize the performance and outcomes of underwriting and rating by providing actionable information, identifying trends and patterns, measuring impact, and predicting future scenarios.
Cloud Computing: Cloud computing is a technology that provides on-demand access to shared computing resources over the internet. Cloud computing can help reduce the cost and complexity of underwriting and rating by offering scalability, flexibility, reliability, and accessibility.
Mobile Applications: Mobile applications are software programs that run on mobile devices such as smartphones and tablets. Mobile applications can help increase the convenience and engagement of underwriting and rating by allowing users to access information and services anytime and anywhere.
This report aims to provide a comprehensive presentation of the global market for Underwriting & Rating 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 Underwriting & Rating Software.
Report Scope
The Underwriting & Rating Software market size, estimations, and forecasts are provided in terms of revenue ($ millions), considering 2023 as the base year, with history and forecast data for the period from 2019 to 2030. This report segments the global Underwriting & Rating Software market comprehensively. Regional market sizes, concerning products by Type, by Application, and by players, are also provided.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Underwriting & Rating Software companies, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, by Type, by Application, and by regions.
Market Segmentation
By Company
- Applied Epic
- Oracle Insurance
- Applied Rater
- QQWebRater
- PolicyCenter
- Ifoundry
- OneShield
- Duck Creek
- Bridge Rating
- Instec
Segment by Type
- Cloud Based
- Web Based
Segment by Application
- Large Enterprises
- SMEs
By Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Netherlands)
- Asia-Pacific (China, Japan, South Korea, China Taiwan, Southeast Asia, India)
- Latin America, Middle East & Africa (Latin America, Mexico, Brazil, Turkey)
Chapter Outline
Chapter 1: Introduces the report scope of the report, executive summary of different market segments (by Type, by Application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 2: Introduces executive summary of global market size, regional market size, this section also introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by companies in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Underwriting & Rating Software companies’ competitive landscape, revenue 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, 7, 8, 9, 10: North America, Europe, Asia Pacific, Latin America, Middle East and Africa segment by country. 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, and capacity of each country in the world.
Chapter 11: 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 12: The main points and conclusions of the report.
Index
1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Underwriting & Rating Software Market Size Growth Rate by Type: 2019 VS 2023 VS 2030
1.2.2 Cloud Based
1.2.3 Web Based
1.3 Market by Application
1.3.1 Global Underwriting & Rating Software Market Growth by Application: 2019 VS 2023 VS 2030
1.3.2 Large Enterprises
1.3.3 SMEs
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Underwriting & Rating Software Market Perspective (2019-2030)
2.2 Underwriting & Rating Software Growth Trends by Region
2.2.1 Global Underwriting & Rating Software Market Size by Region: 2019 VS 2023 VS 2030
2.2.2 Underwriting & Rating Software Historic Market Size by Region (2019-2024)
2.2.3 Underwriting & Rating Software Forecasted Market Size by Region (2025-2030)
2.3 Underwriting & Rating Software Market Dynamics
2.3.1 Underwriting & Rating Software Industry Trends
2.3.2 Underwriting & Rating Software Market Drivers
2.3.3 Underwriting & Rating Software Market Challenges
2.3.4 Underwriting & Rating Software Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Underwriting & Rating Software Players by Revenue
3.1.1 Global Top Underwriting & Rating Software Players by Revenue (2019-2024)
3.1.2 Global Underwriting & Rating Software Revenue Market Share by Players (2019-2024)
3.2 Global Underwriting & Rating Software Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Underwriting & Rating Software Revenue
3.4 Global Underwriting & Rating Software Market Concentration Ratio
3.4.1 Global Underwriting & Rating Software Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Underwriting & Rating Software Revenue in 2023
3.5 Underwriting & Rating Software Key Players Head office and Area Served
3.6 Key Players Underwriting & Rating Software Product Solution and Service
3.7 Date of Enter into Underwriting & Rating Software Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Underwriting & Rating Software Breakdown Data by Type
4.1 Global Underwriting & Rating Software Historic Market Size by Type (2019-2024)
4.2 Global Underwriting & Rating Software Forecasted Market Size by Type (2025-2030)
5 Underwriting & Rating Software Breakdown Data by Application
5.1 Global Underwriting & Rating Software Historic Market Size by Application (2019-2024)
5.2 Global Underwriting & Rating Software Forecasted Market Size by Application (2025-2030)
6 North America
6.1 North America Underwriting & Rating Software Market Size (2019-2030)
6.2 North America Underwriting & Rating Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
6.3 North America Underwriting & Rating Software Market Size by Country (2019-2024)
6.4 North America Underwriting & Rating Software Market Size by Country (2025-2030)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Underwriting & Rating Software Market Size (2019-2030)
7.2 Europe Underwriting & Rating Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
7.3 Europe Underwriting & Rating Software Market Size by Country (2019-2024)
7.4 Europe Underwriting & Rating Software Market Size by Country (2025-2030)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Underwriting & Rating Software Market Size (2019-2030)
8.2 Asia-Pacific Underwriting & Rating Software Market Growth Rate by Region: 2019 VS 2023 VS 2030
8.3 Asia-Pacific Underwriting & Rating Software Market Size by Region (2019-2024)
8.4 Asia-Pacific Underwriting & Rating Software Market Size by Region (2025-2030)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Underwriting & Rating Software Market Size (2019-2030)
9.2 Latin America Underwriting & Rating Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
9.3 Latin America Underwriting & Rating Software Market Size by Country (2019-2024)
9.4 Latin America Underwriting & Rating Software Market Size by Country (2025-2030)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Underwriting & Rating Software Market Size (2019-2030)
10.2 Middle East & Africa Underwriting & Rating Software Market Growth Rate by Country: 2019 VS 2023 VS 2030
10.3 Middle East & Africa Underwriting & Rating Software Market Size by Country (2019-2024)
10.4 Middle East & Africa Underwriting & Rating Software Market Size by Country (2025-2030)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Applied Epic
11.1.1 Applied Epic Company Detail
11.1.2 Applied Epic Business Overview
11.1.3 Applied Epic Underwriting & Rating Software Introduction
11.1.4 Applied Epic Revenue in Underwriting & Rating Software Business (2019-2024)
11.1.5 Applied Epic Recent Development
11.2 Oracle Insurance
11.2.1 Oracle Insurance Company Detail
11.2.2 Oracle Insurance Business Overview
11.2.3 Oracle Insurance Underwriting & Rating Software Introduction
11.2.4 Oracle Insurance Revenue in Underwriting & Rating Software Business (2019-2024)
11.2.5 Oracle Insurance Recent Development
11.3 Applied Rater
11.3.1 Applied Rater Company Detail
11.3.2 Applied Rater Business Overview
11.3.3 Applied Rater Underwriting & Rating Software Introduction
11.3.4 Applied Rater Revenue in Underwriting & Rating Software Business (2019-2024)
11.3.5 Applied Rater Recent Development
11.4 QQWebRater
11.4.1 QQWebRater Company Detail
11.4.2 QQWebRater Business Overview
11.4.3 QQWebRater Underwriting & Rating Software Introduction
11.4.4 QQWebRater Revenue in Underwriting & Rating Software Business (2019-2024)
11.4.5 QQWebRater Recent Development
11.5 PolicyCenter
11.5.1 PolicyCenter Company Detail
11.5.2 PolicyCenter Business Overview
11.5.3 PolicyCenter Underwriting & Rating Software Introduction
11.5.4 PolicyCenter Revenue in Underwriting & Rating Software Business (2019-2024)
11.5.5 PolicyCenter Recent Development
11.6 Ifoundry
11.6.1 Ifoundry Company Detail
11.6.2 Ifoundry Business Overview
11.6.3 Ifoundry Underwriting & Rating Software Introduction
11.6.4 Ifoundry Revenue in Underwriting & Rating Software Business (2019-2024)
11.6.5 Ifoundry Recent Development
11.7 OneShield
11.7.1 OneShield Company Detail
11.7.2 OneShield Business Overview
11.7.3 OneShield Underwriting & Rating Software Introduction
11.7.4 OneShield Revenue in Underwriting & Rating Software Business (2019-2024)
11.7.5 OneShield Recent Development
11.8 Duck Creek
11.8.1 Duck Creek Company Detail
11.8.2 Duck Creek Business Overview
11.8.3 Duck Creek Underwriting & Rating Software Introduction
11.8.4 Duck Creek Revenue in Underwriting & Rating Software Business (2019-2024)
11.8.5 Duck Creek Recent Development
11.9 Bridge Rating
11.9.1 Bridge Rating Company Detail
11.9.2 Bridge Rating Business Overview
11.9.3 Bridge Rating Underwriting & Rating Software Introduction
11.9.4 Bridge Rating Revenue in Underwriting & Rating Software Business (2019-2024)
11.9.5 Bridge Rating Recent Development
11.10 Instec
11.10.1 Instec Company Detail
11.10.2 Instec Business Overview
11.10.3 Instec Underwriting & Rating Software Introduction
11.10.4 Instec Revenue in Underwriting & Rating Software Business (2019-2024)
11.10.5 Instec Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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