ICT Media

Insurance Technology Market in Europe 2015-2019

  • TEC321024
  • 106 Pages
  • July 2015
  • ICT Media
About Insurance Technology Market in Europe
Over the years, many insurance firms across Europe have become increasingly dependent on technology and Internet to run their business and drive revenue growth and this trend is expected to intensify further.
The insurance sector in European countries is likely to experience significant growth during the forecast period. However, it is dependent on the recovery from recent recessions and economic crises. This scenario varies from one country to another depending on the macroeconomic factors. Slow economic growth has pressurized insurers by challenging their investment strategy, existing business models and processes, product mixture, and operating structures. The existing business models have resulted in very low investment income and product margins. In order to receive greater investment benefits, investors are required to simplify their operations at reduced cost. Improving economic conditions in European countries are likely to increase motor and home sales, and will aid in stimulating business formation.
Increased digitalization in European countries is expected to fuel the insurance market during the forecast period. It will help insurance companies reach customers in an efficient manner. Many larger insurance organizations are planning to invest in digital marketing to develop its business. In addition, advances in data analytics will benefit insurance companies in gaining meaningful insights. Insurers are likely to create a platform for receiving and storing these insights, which aids insurers in exploring opportunities. Benefits gained through analytics insights for insurers includes effective product design and pricing, agency management, reporting, and improved customer-targeting processes.
Technavio's analysts forecast the insurance technology market in Europe to grow at a CAGR of 3.74% during 2014-2019.
Covered in this Report
This report covers the overview of the insurance technology market in Europe. The report also includes the PEST analysis of the insurance market in Europe, insurance brokerage market in Europe, and the adoption of third platform technologies such as Cloud, Big Data, and others by the insurance firms.
Technavio's report, Insurance Technology Market in Europe 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes profile of key vendors operating in this market.
Key Vendors
Accenture
Agile Financial Technologies
E&Y
HP
IBM
Mphasis
Oracle
Steria
Other Prominent Vendors


Amazon Web Service
BSB
Capgemini
Cognizant Technology Solutions
CSC
FICO
Genpact
Google
Informatica
Netapp
Polaris
Rackspace Hosting
Salesforce
SAP
Symantec
TCS
T-Systems
Verizon Communications
VMware
Wipro

Market Driver
Rationalization of Transaction Process
For a full, detailed list, view our report
Market Challenge
Reluctance to Change Legacy Systems
For a full, detailed list, view our report
Market Trend
Emergence of BaaS in Insurance Billing Operation
For a full, detailed list, view our report
Key Questions Answered in this Report
What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
Please Select Format

Need More Information

Contact us
+ 1-800-910-6452
+1-971-202-1575
+91 20 66346066
--- or ---
help@bigmarketresearch.com

 

UPCOMING MARKET RESEARCH REPORTS

Unified Communication as a service (UCaaS) Market (Organization Size, Component, Industry Vertical and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020

UCaaS- unified communications as-a-service is a model of delivery wherein a variety of collaboration and communication services and applications are outsourced to a third-party provider and delivered over a network. ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Circulating Tumor Cells Market Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024

Circulating tumor cells (CTCs) are cells which detach from its primary or secondary tumors, enters in to the bloodstream and travel to distant organs. This is the evolving field of ...

July 2017  |   Price:$ 4995    | Pre Book Price:$ 4995

Read More >>

Global Micro Server Market (Component, Processors, Application, End-User and Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2013 - 2020

A small computing appliance that works like a server appliance is a Microserver. These servers provide ease of installation and maintenance. Microservers use system-on chip concept due to which the ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Parking Reservation System Market - Opportunities and Forecasts, 2014 - 2020

The system that is developed to help individuals book car (vehicle) parking space online is termed as parking reservation system. The system is known to instantly enhance the website by ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Global Low Emission Vehicle Market (Applications, End User And Geography) - Size, Share, Global Trends, Company Profiles, Demand, Insights, Analysis, Research, Report, Opportunities, Segmentation and Forecast, 2014 - 2020

Transport plays a key role in today’s world.The indispensible nature of transport creates theneed to mitigate the various problems associated with it, such as the increase in the levels of ...

July 2017  |   Price:$ 5370    | Pre Book Price:$ 5370

Read More >>

Europe Predictive Analytics Market - Opportunities and Forecast, 2014 - 2020

Predictive analysis is a technique that consists of an array of statistical methods from machine learning, data mining that plays a vital role in evaluating the present and historical data. ...

July 2017  |   Price:$ 3390    | Pre Book Price:$ 3390

Read More >>

2017 © Copyright Big Market Research

View Pricing >>