ICT & Media

Global Life Insurance Policy Administration Systems Market Size, Status and Forecast 2019-2025

  • QYR2874728
  • 103 Pages
  • January 2019
  • ICT & Media
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Life insurance policy administration software helps insurers manage life and annuity insurance policies. Life insurance policy administration systems allow insurers to develop and administer new life, annuity, pension, and health insurance products for clients. Using life insurance policy administration software systems, organizations can design new policies, calculate policy costs, and maintain a record of policies issued to clients. Some systems offer libraries of prebuilt insurance product features that reduce time to market. Life insurance policy administration software systems are commonly used by enterprise insurance organizations to manage existing policies and develop new insurance products. These systems can improve policy flexibility and administration. Life insurance policy administration software systems can be implemented either as a standalone solution or as part of an integrated insurance suite.

The life insurance industry is witnessing shifting trends in the front-office, policy administration, and claims, the three core functions of the insurance value chain. Life insurance firms remain challenged by their inflexible legacy life insurance policy administration systems. Designing innovative products, faster time to market and leveraging modern technology for multi-channel distribution has become essential for life insurers. Hence insurers are looking for life insurance policy administration systems transformation to enhance their operational efficiency with a lower total cost of operations by consolidating their existing systems.

Life insurance policy administration systems market is currently dominated by North America region owing to wide adoption of life insurance policy administration systems in order to improve efficiency and eradicate issues arising due to multiple administration systems. Europe Life Insurance Policy Administration Systems market follows next due to wide adoption of these kind of administration systems in this region. Asia Pacific life insurance policy administration systems market is gradually growing due to the presence of wide customer base in this region.

In 2018, the global Life Insurance Policy Administration Systems market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.

This report focuses on the global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Life Insurance Policy Administration Systems development in United States, Europe and China.

The key players covered in this study

Accenture

Andesa Services

Concentrix

CSC (CyberLife)

CSC (Wealth Management Accelerator)

EXL

FAST Technology

Infosys McCamish

InsPro Technologies

Majesco

MDI

Mphasis Wyde

Oracle

Sapiens and Vitech Systems Group

Instanda

Andesa

Market segment by Type, the product can be split into

Hardware

Software

Services

Market segment by Application, split into

Life Insurance Policy Management

Insurance Company

Market segment by Regions/Countries, this report covers

United States

Europe

China

Japan

Southeast Asia

India

Central & South America

The study objectives of this report are:

To analyze global Life Insurance Policy Administration Systems status, future forecast, growth opportunity, key market and key players.

To present the Life Insurance Policy Administration Systems development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

In this study, the years considered to estimate the market size of Life Insurance Policy Administration Systems are as follows:

History Year: 2014-2018

Base Year: 2018

Estimated Year: 2019

Forecast Year 2019 to 2025

For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.

Table of Contents

1 Report Overview

1.1 Study Scope

1.2 Key Market Segments

1.3 Players Covered

1.4 Market Analysis by Type

1.4.1 Global Life Insurance Policy Administration Systems Market Size Growth Rate by Type (2014-2025)

1.4.2 Hardware

1.4.3 Software

1.4.4 Services

1.5 Market by Application

1.5.1 Global Life Insurance Policy Administration Systems Market Share by Application (2014-2025)

1.5.2 Life Insurance Policy Management

1.5.3 Insurance Company

1.6 Study Objectives

1.7 Years Considered

2 Global Growth Trends

2.1 Life Insurance Policy Administration Systems Market Size

2.2 Life Insurance Policy Administration Systems Growth Trends by Regions

2.2.1 Life Insurance Policy Administration Systems Market Size by Regions (2014-2025)

2.2.2 Life Insurance Policy Administration Systems Market Share by Regions (2014-2019)

2.3 Industry Trends

2.3.1 Market Top Trends

2.3.2 Market Drivers

2.3.3 Market Opportunities

3 Market Share by Key Players

3.1 Life Insurance Policy Administration Systems Market Size by Manufacturers

3.1.1 Global Life Insurance Policy Administration Systems Revenue by Manufacturers (2014-2018)

3.1.2 Global Life Insurance Policy Administration Systems Revenue Market Share by Manufacturers (2014-2018)

3.1.3 Global Life Insurance Policy Administration Systems Market Concentration Ratio (CR5 and HHI)

3.2 Life Insurance Policy Administration Systems Key Players Head office and Area Served

3.3 Key Players Life Insurance Policy Administration Systems Product/Solution/Service

3.4 Date of Enter into Life Insurance Policy Administration Systems Market

3.5 Mergers & Acquisitions, Expansion Plans

4 Breakdown Data by Type and Application

4.1 Global Life Insurance Policy Administration Systems Market Size by Type (2014-2019)

4.2 Global Life Insurance Policy Administration Systems Market Size by Application (2014-2019)

5 United States

5.1 United States Life Insurance Policy Administration Systems Market Size (2014-2019)

5.2 Life Insurance Policy Administration Systems Key Players in United States

5.3 United States Life Insurance Policy Administration Systems Market Size by Type

5.4 United States Life Insurance Policy Administration Systems Market Size by Application

6 Europe

6.1 Europe Life Insurance Policy Administration Systems Market Size (2014-2019)

6.2 Life Insurance Policy Administration Systems Key Players in Europe

6.3 Europe Life Insurance Policy Administration Systems Market Size by Type

6.4 Europe Life Insurance Policy Administration Systems Market Size by Application

7 China

7.1 China Life Insurance Policy Administration Systems Market Size (2014-2019)

7.2 Life Insurance Policy Administration Systems Key Players in China

7.3 China Life Insurance Policy Administration Systems Market Size by Type

7.4 China Life Insurance Policy Administration Systems Market Size by Application

8 Japan

8.1 Japan Life Insurance Policy Administration Systems Market Size (2014-2019)

8.2 Life Insurance Policy Administration Systems Key Players in Japan

8.3 Japan Life Insurance Policy Administration Systems Market Size by Type

8.4 Japan Life Insurance Policy Administration Systems Market Size by Application

9 Southeast Asia

9.1 Southeast Asia Life Insurance Policy Administration Systems Market Size (2014-2019)

9.2 Life Insurance Policy Administration Systems Key Players in Southeast Asia

9.3 Southeast Asia Life Insurance Policy Administration Systems Market Size by Type

9.4 Southeast Asia Life Insurance Policy Administration Systems Market Size by Application

10 India

10.1 India Life Insurance Policy Administration Systems Market Size (2014-2019)

10.2 Life Insurance Policy Administration Systems Key Players in India

10.3 India Life Insurance Policy Administration Systems Market Size by Type

10.4 India Life Insurance Policy Administration Systems Market Size by Application

11 Central & South America

11.1 Central & South America Life Insurance Policy Administration Systems Market Size (2014-2019)

11.2 Life Insurance Policy Administration Systems Key Players in Central & South America

11.3 Central & South America Life Insurance Policy Administration Systems Market Size by Type

11.4 Central & South America Life Insurance Policy Administration Systems Market Size by Application

12 International Players Profiles

12.1 Accenture

12.1.1 Accenture Company Details

12.1.2 Company Description and Business Overview

12.1.3 Life Insurance Policy Administration Systems Introduction

12.1.4 Accenture Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.1.5 Accenture Recent Development

12.2 Andesa Services

12.2.1 Andesa Services Company Details

12.2.2 Company Description and Business Overview

12.2.3 Life Insurance Policy Administration Systems Introduction

12.2.4 Andesa Services Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.2.5 Andesa Services Recent Development

12.3 Concentrix

12.3.1 Concentrix Company Details

12.3.2 Company Description and Business Overview

12.3.3 Life Insurance Policy Administration Systems Introduction

12.3.4 Concentrix Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.3.5 Concentrix Recent Development

12.4 CSC (CyberLife)

12.4.1 CSC (CyberLife) Company Details

12.4.2 Company Description and Business Overview

12.4.3 Life Insurance Policy Administration Systems Introduction

12.4.4 CSC (CyberLife) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.4.5 CSC (CyberLife) Recent Development

12.5 CSC (Wealth Management Accelerator)

12.5.1 CSC (Wealth Management Accelerator) Company Details

12.5.2 Company Description and Business Overview

12.5.3 Life Insurance Policy Administration Systems Introduction

12.5.4 CSC (Wealth Management Accelerator) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.5.5 CSC (Wealth Management Accelerator) Recent Development

12.6 EXL

12.6.1 EXL Company Details

12.6.2 Company Description and Business Overview

12.6.3 Life Insurance Policy Administration Systems Introduction

12.6.4 EXL Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.6.5 EXL Recent Development

12.7 FAST Technology

12.7.1 FAST Technology Company Details

12.7.2 Company Description and Business Overview

12.7.3 Life Insurance Policy Administration Systems Introduction

12.7.4 FAST Technology Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.7.5 FAST Technology Recent Development

12.8 Infosys McCamish

12.8.1 Infosys McCamish Company Details

12.8.2 Company Description and Business Overview

12.8.3 Life Insurance Policy Administration Systems Introduction

12.8.4 Infosys McCamish Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.8.5 Infosys McCamish Recent Development

12.9 InsPro Technologies

12.9.1 InsPro Technologies Company Details

12.9.2 Company Description and Business Overview

12.9.3 Life Insurance Policy Administration Systems Introduction

12.9.4 InsPro Technologies Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.9.5 InsPro Technologies Recent Development

12.10 Majesco

12.10.1 Majesco Company Details

12.10.2 Company Description and Business Overview

12.10.3 Life Insurance Policy Administration Systems Introduction

12.10.4 Majesco Revenue in Life Insurance Policy Administration Systems Business (2014-2019)

12.10.5 Majesco Recent Development

12.11 MDI

12.12 Mphasis Wyde

12.13 Oracle

12.14 Sapiens and Vitech Systems Group

12.15 Instanda

12.16 Andesa

13 Market Forecast 2019-2025

13.1 Market Size Forecast by Regions

13.2 United States

13.3 Europe

13.4 China

13.5 Japan

13.6 Southeast Asia

13.7 India

13.8 Central & South America

13.9 Market Size Forecast by Product (2019-2025)

13.10 Market Size Forecast by Application (2019-2025)

14 Analyst's Viewpoints/Conclusions

15 Appendix

15.1 Research Methodology

15.1.1 Methodology/Research Approach

15.1.1.1 Research Programs/Design

15.1.1.2 Market Size Estimation

12.1.1.3 Market Breakdown and Data Triangulation

15.1.2 Data Source

15.1.2.1 Secondary Sources

15.1.2.2 Primary Sources

15.2 Disclaimer

15.3 Author Details

List of Tables and Figures

Table Life Insurance Policy Administration Systems Key Market Segments

Table Key Players Life Insurance Policy Administration Systems Covered

Table Global Life Insurance Policy Administration Systems Market Size Growth Rate by Type 2014-2025 (Million US$)

Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Type 2014-2025

Figure Hardware Figures

Table Key Players of Hardware

Figure Software Figures

Table Key Players of Software

Figure Services Figures

Table Key Players of Services

Table Global Life Insurance Policy Administration Systems Market Size Growth by Application 2014-2025 (Million US$)

Figure Life Insurance Policy Management Case Studies

Figure Insurance Company Case Studies

Figure Life Insurance Policy Administration Systems Report Years Considered

Table Global Life Insurance Policy Administration Systems Market Size 2014-2025 (Million US$)

Figure Global Life Insurance Policy Administration Systems Market Size and Growth Rate 2014-2025 (Million US$)

Table Global Life Insurance Policy Administration Systems Market Size by Regions 2014-2025 (Million US$)

Table Global Life Insurance Policy Administration Systems Market Size by Regions 2014-2019 (Million US$)

Table Global Life Insurance Policy Administration Systems Market Share by Regions 2014-2019

Figure Global Life Insurance Policy Administration Systems Market Share by Regions 2014-2019

Figure Global Life Insurance Policy Administration Systems Market Share by Regions 2019

Table Market Top Trends

Table Global Life Insurance Policy Administration Systems Revenue by Manufacturers (2014-2019) (Million US$)

Table Global Life Insurance Policy Administration Systems Market Share by Manufacturers (2014-2019)

Figure Global Life Insurance Policy Administration Systems Market Share by Manufacturers in 2018

Table Global Life Insurance Policy Administration Systems Manufacturers Market Concentration Ratio (CR5 and HHI)

Table Key Players Head office and Area Served

Table Key Players Life Insurance Policy Administration Systems Product/Solution/Service

Table Date of Enter into Life Insurance Policy Administration Systems Market

Table Mergers & Acquisitions, Expansion Plans

Table Global Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table Global Life Insurance Policy Administration Systems Market Size Share by Type (2014-2019)

Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Type (2014-2019)

Table Global Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table Global Life Insurance Policy Administration Systems Market Size Share by Application (2014-2019)

Figure Global Life Insurance Policy Administration Systems Market Size Market Share by Application (2014-2019)

Figure Global Life Insurance Policy Administration Systems Revenue Market Share by Application in 2018

Figure United States Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table United States Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table United States Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table United States Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table United States Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table United States Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table United States Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure Europe Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table Europe Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table Europe Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table Europe Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table Europe Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table Europe Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table Europe Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure China Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table China Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table China Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table China Life Insurance Policy Administration Systems Market Size by Type (2014-20189) (Million US$)

Table China Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table China Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table China Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure Japan Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table Japan Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table Japan Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table Japan Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table Japan Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table Japan Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table Japan Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure Southeast Asia Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table Southeast Asia Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table Southeast Asia Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table Southeast Asia Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table Southeast Asia Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table Southeast Asia Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table Southeast Asia Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure India Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table India Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table India Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table India Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table India Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table India Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table India Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Figure Central & South America Life Insurance Policy Administration Systems Market Size 2014-2019 (Million US$)

Table Central & South America Key Players Life Insurance Policy Administration Systems Revenue (2018-2019) (Million US$)

Table Central & South America Key Players Life Insurance Policy Administration Systems Market Share (2018-2019)

Table Central & South America Life Insurance Policy Administration Systems Market Size by Type (2014-2019) (Million US$)

Table Central & South America Life Insurance Policy Administration Systems Market Share by Type (2014-2019)

Table Central & South America Life Insurance Policy Administration Systems Market Size by Application (2014-2019) (Million US$)

Table Central & South America Life Insurance Policy Administration Systems Market Share by Application (2014-2019)

Table Accenture Company Details

Table Accenture Revenue in Life Insurance Policy Administration Systems Business (2014-2019) (Million US$)

Figure Accenture Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table Accenture Recent Development

Table Andesa Services Company Details

Table Andesa Services Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure Andesa Services Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table Andesa Services Recent Development

Table Concentrix Company Details

Table Concentrix Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure Concentrix Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table Concentrix Recent Development

Table CSC (CyberLife) Company Details

Table CSC (CyberLife) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure CSC (CyberLife) Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table CSC (CyberLife) Recent Development

Table CSC (Wealth Management Accelerator) Company Details

Table CSC (Wealth Management Accelerator) Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure CSC (Wealth Management Accelerator) Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table CSC (Wealth Management Accelerator) Recent Development

Table EXL Company Details

Table EXL Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure EXL Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table EXL Recent Development

Table FAST Technology Company Details

Table FAST Technology Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure FAST Technology Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table FAST Technology Recent Development

Table Infosys McCamish Company Details

Table Infosys McCamish Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure Infosys McCamish Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table Infosys McCamish Recent Development

Table InsPro Technologies Company Details

Table InsPro Technologies Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure InsPro Technologies Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table InsPro Technologies Recent Development

Table Majesco Company Details

Table Majesco Revenue in Life Insurance Policy Administration Systems Business (2014-2019)(Million US$)

Figure Majesco Revenue Growth Rate in Life Insurance Policy Administration Systems Business (2014-2019)

Table Majesco Recent Development

Table MDI Company Details

Table Mphasis Wyde Company Details

Table Oracle Company Details

Table Sapiens and Vitech Systems Group Company Details

Table Instanda Company Details

Table Andesa Company Details

Table Global Life Insurance Policy Administration Systems Market Size by Regions (Million US$) 2019-2025

Figure Global Life Insurance Policy Administration Systems Market Size Share by Regions (2019-2025)

Figure Global Life Insurance Policy Administration Systems Market Size Share by Regions in 2025

Figure United States Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure Europe Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure China Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure Japan Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure Southeast Asia Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure India Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Figure Central & South America Life Insurance Policy Administration Systems Market Size Forecast (2019-2025)(Million USD)

Table Global Life Insurance Policy Administration Systems Market Size by Product (2019-2025) (Million US$)

Figure Global Life Insurance Policy Administration Systems Market Size by Product (2019-2025)

Figure Global Life Insurance Policy Administration Systems Market Size by Product in 2025

Table Global Life Insurance Policy Administration Systems Market Size by Application (2019-2025) (Million US$)

Figure Global Life Insurance Policy Administration Systems Market Size by Application (2019-2025)

Figure Global Life Insurance Policy Administration Systems Market Size by Application in 2025

Table Research Programs/Design for This Report

Figure Bottom-up and Top-down Approaches for This Report

Figure Data Triangulation

Table Key Data Information from Secondary Sources

Table Key Data Information from Primary Sources

 
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